Don't ever take loan in Binance until its for your personal use.
Never do futures trading by taking Loan in binance. If you will take for any emergency, dont take more than 30-40% of the collateral assets. We don't know the market. when it will dump. My friend took loan of 70% of the collateral assets and did trading and at the same time market suddenly down by 32% and he lost all his assets and as well as and got liquidation of his assets.
He lost $80,000 in 3days. I'm sure lot of people lost it with the futures trading by doing more than 5X leverage and got liquidated all their money.
If you want to do trading, never enter with all your money at a time, divide your capital into 6-10 parts. You enter the maket with 1st part and wait, if it gives profit, take it or if the market goes down invest 2nd part of your capital and repeat same until you finish your capital.
If you are doing Futures trading, dont cross 5X leverage. Even though you earn lot of money in the beginning like most of the people do But in the end there is a chance of loosing everthing or most of the part of your capital.
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