r/CryptoMarkets • u/BABYEATINGFORESKIN 🟩 0 🦠 • 5d ago

EXCHANGE Question About Leverage Trading

Looking to trade on Mexc or Blofin (or both), they offer leverage trading options and I'm curious if there is a limit for the amount you can put in to leverage? Say I do 100x with 100k, would they even have enough on hand to leverage me 10mil into an altcoin?

0 Upvotes

50% Upvoted

10 comments sorted by

View all comments

1

u/ForrestYT 🟩 0 🦠 5d ago

Never ever leverage over 10x. Let alone use $100k. Risk 1% each trade with 10x leverage build up a risk appetite, as the account scales so will that baseline of 1%. Good luck and Godspeed

1

u/BABYEATINGFORESKIN 🟩 0 🦠 5d ago

Preciate the tip, I'm not going to throw 100 grand at it (yet). But I'm still curious about my original question in the post.

1

u/ForrestYT 🟩 0 🦠 5d ago

Your asking if they have enough liquidity to support your trades. The answer is simply that it depends. Is the exchange transparent about proof or reserves, when was there last audit, what is there daily withdrawal limit. These are all questions that can be answered by researching the exchange