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Order size/volume ("Quantity" field)
This article is for clients using the Kraken Pro site (pro.kraken.com)

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The "Quantity" field determines the volume or size of the order - i.e. how much is bought or sold. Volume is measured in terms of the "quantity currency," which is the base currency, the "total currency" can be changed to the quote currency. It is important to remember that the "amount" field only determines how much is being bought or sold and does not determine what is being bought or sold.
Example: creating an order by inputting 1 in the Quantity field to buy 1 BTC at the market rate.
Quantity
Example: creating an order by inputting 5000 in the Total field to buy $5,000 worth of BTC at the market rate.
Total
If you open up a spot position on margin it would look the same with the only difference being the ratio of leverage being used.
Example: creating a limit order to go long BTC on $5,000 worth of BTC/USD using 5x leverage that executes once the price drops to $43,500.
Margin
The decimal and thousands separators shown in this article may differ from the formats displayed on our trading platforms. Review our article on how we use points and commas for more information.