First of all, we advise new players to limit spending money on x3 x5 x10 leverage transactions.
At first glance, it is very attractive, right? The exchange will lend you capital at a fee of 0.002 per hour, you will have the opportunity to make a lot of money from your small capital.
Stop dreaming, it's not that easy. To be specific, you have 100 USD, you x10 you have 1000 USD to invest. Coin drops 6 to 7%, meaning you lose 60% to 70% of your principal. At this time, the floor automatically liquidates your assets to pay debt and you lose almost all of your $100.
Have you seen how scary it is? You won't have the opportunity to hold the coin and wait for the price to increase and sell it. In the blink of an eye, you can run out of money due to a decrease in a few indexes. Are you sure that from the moment you buy the coin at that price it will not continue to decrease?
Don't let the dancing numbers fool your eyes, you haven't made any money yet, some of the ups and downs are really small, if you make money then your life will change.
Deadly trap, not nutritious at all
This is my personal sharing, don't hold on to the hope that if you spend money, it will increase and you will get money, it will increase but let the exchange take all your money.
