I saw that, but it is impossible to be thousands of euros for margin trade fees. (given I started with aroud 500 euros)
Have you ever tried in kraken to trade with leverage?
The question is like this:
What does leverage 5:1 mean in kraken?
You buy 5 times more crypto with your money? Or you spend 1/5 money for the same amout of cryptos?
i bought with leverage 5:1. 1btc=3600 euros
when i closed position 1btc=9200 euros
and I get less money than what I spent and I am not getting the 5 times buying power that they are saying.
Can anyone help me on this please? or have anyone had this experience with Kraken before?
I did not traded with leverage on kraken, but did a lot of all sorts of trading on regular exchanges.
If you started with 500 euros and then leveraged 5 times - that would get you 2500 euros position amount.
0.01% each 4 hours gives us approx 21.9% per year.
This gives us 547,5 fee (also keep in mind that kraken probably calculates fee amount every 4 hours, so if more your position worth - more you pay)