on futures you open a long position of 500 dollars with a leverage of 2x for example - the exchange shows you a balance of coins at 1000 but in fact does not buy them... upon liquidation your 500 remains with the exchange

I often see posts about how the exchange has deceived or taken money, etc., especially from newbies who have lost their deposit and are starting to shout that all their money has gone to the exchange!

Below I described where your money goes and how the exchange makes money.

### Who gets paid when traders lose their deposits on the exchange?