How does it work? If you want a limit order with leveraged funds, do you have to burrow the money straight away, or does it only go through when the trade goes through?
So for example, I want to buy at 555...do I have to burrow the funds and then hope I reach 555 or does it only expose me to the loan if the 555 trade goes through?
Thanks a lot
First you can just set up your limit order and the money gets automatically borrowed once the trade goes through if there is enough money available.
Second you can borrow the money while the price is still heading down in order to get cheap rates. When the Bitcoin price rises fast the interest rates usually skyrocket. So for larger amounts of money you could consider that.