MultiversX Tracker is Live!

Questions about leverage and liquidation for a noob

Binance

Cryptocoins Exchanges / Binance 205 Views

I’m just brainstorming here and I’ve been a HODLer for a while but never thought about leverage. Question is: if I use £50 and put 10x leverage on that £50 but get liquidated, will just the £50 go? Or will other coins in my portfolio/ in my exchange account be affected too? Like will I be in debt to Binance for £500? And if so will they just take it from my coins that I did not put up for the trade? Any insight would be good! Thanks and I’m aware of the risks that’s why I haven’t done it and wanting to educate myself.

submitted by /u/Jonny-D-Luffy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments