Yo newbies, if it says x3,x5 x10 where you are buying, it’s leverage trading and you need to gtfo

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Hello newbies and welcome to the wonderfully hectic world of crypto.

I just want to give you a heads up that when you see a x2, x3, x4 mark on the site where you trade, you are trading with leverage and that is borrowing from the exchange. Trust me when I tell you that you dont want that.

Leveraging in crypto is like you are playing a lottery on top of the lottery that crypto already is. The higher the leverage is the less price swing is needed to wipe your account clean

If you are beginner I highly recommend you to get as far away as you can from leveraging. It doesnt take much to liquidate you and no matter how lucky you think you are, its super super risky.

Be safe and have a great Wednesday

submitted by /u/DaddySkates
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