Risk disclosure

Trading cryptocurrency carries a substantial risk of loss. Leveraged trading can cost more than the money you put up. Nothing on this site is financial advice.

What leverage actually does

Leverage multiplies both directions. At ten times, a ten percent move against the position wipes out the margin behind it, and the venue closes the position for you at whatever price the book offers. That is not a rare event in this market; it is a normal Tuesday.

Costs that are not the price

Fees are charged on both sides of every trade. Perpetual funding is charged on the whole position for as long as it is held, and over weeks it routinely exceeds the trading fee. Both are on this site because both are commonly left out of the arithmetic that made the trade look attractive.

Counterparty risk

Assets held on an exchange are the exchange's liability to you, not property in your name. Venues have failed, frozen withdrawals and been hacked, taking customer balances with them. A published reserve attestation reduces that risk. It does not remove it.

What this site is

Measurement and comparison. We publish market data we collect, fee schedules we verify, and opinions about platforms, signed by a named person. We do not know your circumstances, we do not manage money, and we have no view on what you should buy or when.

Getting help

If trading has stopped being a decision and started being a compulsion, that is a recognised problem with real support behind it. Speak to a qualified professional in your country.