Are there fees or interest charges when using leverage to trade crypto?

Yes, leverage trading involves multiple fees. When you borrow funds to trade with leverage, exchanges charge interest on borrowed amounts, typically ranging from 0.01% to 0.1% daily. Additionally, you'll pay trading fees on your positions (usually 0.1% per trade). Some platforms charge funding rates, which are periodic payments between traders in futures contracts—these can be positive or negative depending on market conditions. If your position moves against you significantly, you may face liquidation, where your collateral is automatically sold to cover losses. Always review your exchange's fee structure before leveraging, as costs accumulate quickly and can substantially reduce profits or increase losses.