How good is the decision to trade with Loan?

in hive-183397 •  5 months ago 

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Assalamu Alaikum

how are you all I hope everyone is very well, today I will talk about how trading with Loan is the right decision for us! We all know that now almost all the exchanges are running the loan addiction service. You can trade with a loan from them at will, then pay it back when you make a profit or at any time. Binance has this loan service available, if you want, you can take a loan from them and then withdraw it and use it in many Exchanges or anywhere else.

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But never again think that you will uninstall Binance with this loan money, it is completely stupid to think because different Exchanges have different rules before taking a loan. The main $100 will be locked, you will not be able to unlock your original $100 until you pay off their loan.
And if you invest in Crypto with a loan, you have to face many problems such as the amount of interest is high, if you lose, you can face huge losses, in addition, there are various problems,
If you take a loan from Binance then you will lock the coin at the price, for example you lock $500 BNB, now if this $500 is pumped to $600 then the profit of $100 will be taken by BINANCE, then you will get a maximum of $200-$ in return. 300 loan,

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Crypto Currency is always a risk-filled market, there is more chance of profit than loss in this market, and if investment is made with loan, there is a possibility of huge loss.
If you invest in Crypto Currency with a loan and then suffer a loss, then due to the delay in paying the loan, your interest amount will increase day by day and your Main Balance collateral will be blocked.
Loans are very risky in real life or crypto life.
So everyone be careful, stay healthy, Allah-Hafez,

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@tipu curate

Thanks brother