How much leverage does a bitcoin trader have?

As a cryptocurrency enthusiast and finance practitioner, I'm curious to delve into the realm of bitcoin trading and leverage. Could you elaborate on the extent of leverage available to bitcoin traders? In the world of finance, leverage is a double-edged sword, amplifying both profits and losses. I'm interested in understanding how this concept applies to the volatile world of bitcoin trading. Does the leverage offered vary based on the trading platform or the trader's experience? And, what are the potential risks and rewards associated with employing higher levels of leverage in bitcoin trading? Your insights would be invaluable in guiding novices and seasoned traders alike.