Participating in high-risk leveraged cryptocurrency trading requires great caution, especially when the cryptocurrency market itself is extremely volatile and the regulatory environment is complex. The following are some key information and risk warnings, please be sure to fully understand before making a decision： ### Important Risk Warning： 1. **Extreme risks of leveraged trading**: Leverage may amplify gains, but it will amplify losses even more. For example, with 100 times leverage, a price fluctuation of 1% can lead to a loss of all principal, and may even default on platform debt. 2. **Chinese market restrictions**: Since 2021, mainland China has expressly prohibited cryptocurrency trading platforms from providing services to domestic users, and all related platforms have no legal operating qualifications. 3. **Platform security risks**: Overseas platforms may have risks such as fraud, evasion, and hacking attacks. There have been a number of major capital loss incidents in history (such as Mt. Gox, FTX crash). ### Compliance reminder： According to Chinese laws and regulations： - Personal participation in cryptocurrency transactions is not protected by law -Compliance issues related to cross-border capital flows that may be involved in transactions through overseas platforms -Leveraged contract trading may be deemed illegal futures trading ### Alternative suggestion (still need to be cautious)： If you are still considering trying, please at least do it： 1. Use only funds that can be completely lost 2. Learn technical analysis and risk management (such as stop loss strategy) 3. Start with low leverage (5-10 times) 4. Choose an internationally regulated platform (such as holding an NFA license in the United States, an FSA license in Japan, etc.) ### Suggestion for learning resources： 1. "Memoirs of Stock Manipulation"-Understanding the Human Weaknesses of Leveraged Trading 2. Research on Cryptocurrency Volatility Index 3. Basic Course on Derivatives Trading (Coursera/edX) Please remember: there is no trading strategy in the market that makes steady profits and no losses. High-leverage trading is essentially a bet against professional institutions. It is recommended to give priority to compliance investment channels to achieve wealth growth through long-term value investment.