How much leverage can I use when trading crypto derivatives?

Leverage in crypto derivatives varies by exchange and jurisdiction, typically ranging from 2x to 125x. Most major platforms like Binance and Bybit offer 10x to 20x leverage for standard users. Higher leverage increases both potential profits and losses dramatically—a 5% price move against you with 20x leverage can liquidate your entire position. Beginners should use minimal leverage (2x-5x) or avoid it entirely until experienced. Leverage requirements differ between perpetual futures and margin trading, and some countries restrict leverage availability. Always understand liquidation prices, funding rates, and use stop-losses when trading derivatives.