Hi everyone, I just joined Kraken… I couldn’t sign up fast enough, as BTC jumped by £8k 
Can someone tell me what the [x3] and [x5] mean after the BTC/GBP pair?
Hallo enthusiasts, check difference, BMW X3
- Smaller and more compact SUV
- Better fuel economy
- Nimbler handling
- Ideal for urban environments and smaller families
BMW X5
- Larger and more spacious SUV
- More powerful engine options
- Comfortable ride for long journeys
- Suitable for larger families and those needing more cargo space
When you see [x3] or [x5] next to a BTC/GBP pair on Kraken, these numbers refer to leverage levels available for trading that pair. For example, [x3] means you can trade with three times the amount of your initial investment, while [x5] allows for five times the leverage. This means if you have £1,000, you could trade up to £3,000 or £5,000 respectively. Leveraging can amplify both potential gains and losses, so it’s crucial to use it wisely and understand the risks involved.