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 25,000 EUR and 25,000 USD at the same time. Please refer to the following table:

  Tier 1 Tier 2 Tier 3 Tier 4
EUR 3000 10000 25000 100000
USD 3000 10000 25000 100000
XBT 10 50 150 300
ETH 300 1000 5000


ETC 2000 6000 20000


REP 200 1000 2500


XMR 100 500 1500


USDT 2000 7500 20000



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 25,000 USD worth of bitcoin plus 25,000 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 150 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 150 bitcoin because when you're shorting bitcoin, you're borrowing bitcoin from Kraken and selling it.