The only 1000x leveraged USDT contract ever launched in the cryptocurrency circle was quickly removed from the shelves because such a high leverage is not reasonable in the cryptocurrency circle.
Do you think that 1000x leverage is simply to magnify the principal, and the profit and loss are calculated as 1000 times?
You probably don’t know that the exchange also has extremely high handling fees! What’s more exaggerated is that this handling fee is charged according to your enlarged principal!
For example, you only have 1000 yuan, and after opening 1000x leverage, the principal instantly becomes 1 million! Then, the handling fee is charged in both directions, and the buying and selling add up to 0.1%! Here I calculate it according to taket, and the maker rate will be half cheaper.
What? ?
1000 yuan is gone after a sell and buy transaction? Isn’t this exciting enough? Even the cheapest maker has to deduct 0.04% for buying and selling!
Such high leverage trading is a crazy gamble.
During this period, I am preparing to ambush several good currencies. If you don’t know how to layout, read the introduction of Zhuye and get on board without any threshold. I am willing to share my experience and strategy with you, just for like-minded people! Let’s go to the bull market together!!