Margin borrow limits

The margin borrow limits for each currency varies based on your current verification tier. Note that each limit is independent from the other, so a Tier 3 user could, assuming there are funds available to lend, borrow up to 50,000 EUR and 50,000 USD at the same time. Please refer to the following table:

 
  Tier 1 Tier 2 Tier 3 Tier 4
EUR 1000 5000 50000 500000
USD 1000 5000 50000 500000
XBT 0.5 2.5 25 250
ETH 5 25 250

2500

ETC 50 250 2500

25000

XMR 10 50 500

5000

USDT 1000 5000 50000

500000

REP 200 1000 2500

25000

       

 

       

 

 

If you try to open a position with margin that exceeds your borrow limits you will see a "margin allowance exceeded" error.

Some examples:

Your account is Tier 3 and want to open a long position in bitcoin against fiat currencies. The maximum size of your position, assuming you had enough collateral to open it, would be 50,000 USD worth of bitcoin plus 50,000 euro worth of bitcoin. The number of bitcoins that it would be possible to buy in these positions would depend on the price of the current price of bitcoin. The limit would not be 25 bitcoin (the tier 3 limit for borrowing bitcoin).

If you wanted to open a short position in bitcoin against USD, EUR, or ETH, the limit on the size of the position would be 25 bitcoin because when you're shorting bitcoin, you're borrowing bitcoin from Kraken and selling it.