I was the one asking about leverage on MEXC yesterday, update.

Link to original thread, https://www.reddit.com/r/CryptoCurrency/comments/156gtr9/tips_on_trading_futures_on_mexc/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

So, yeah. Everyone was right, although i pretty much knew how it would end. I lost it all. Well, i lost the $100 i got from selling moons.

It was fun, but only because it was money i really didn’t care about what happened to. In the end, i still think trading with leverage to be gambling.

It was really fun to play with fuckin’ 200x(!) leverage for a while tho, but i was liquidated in less than 20 trades.

Moral of the story? Only use leverage with money you absolutely can afford to lose, because chances are, you will. Unless you’re very experienced i guess. If you want to try, do it with a demo-account.

TL;DR: i lost my $100 in less than 20 trades using leverage on MEXC

EDIT: this was fun! Me and the wife are going out to pick berries in our garden now, so i won’t be responding for a while. Peace!