FTX Token (FTT)

My Experience with Binance on October 10th

Yes, Binance had issues that day. It's true that servers can go down when trading volume spikes. But that wasn't the real problem.

The Deposit Issue
During that time, deposits to prevent liquidation were not being processed on Binance.

The Trading Manipulation
There was an even bigger problem. I was trading FTT/USDT on the spot market. I sold at a very low price and attempted to rebuy within 5 seconds. The sell order went through, but the buy order did not. I pressed the buy button multiple times—only errors. Meanwhile, selling still worked.

Think about this: If only sell orders were going through, who exactly was buying all those coins that dropped 90-99%?

I was there. I witnessed it in real-time. Sells executed. Buys blocked. That's when I truly understood how dirty Binance is.

My Losses
- Futures: Total liquidation from the flash crash
- Spot: 80-90% loss

The Compensation Farce
Binance later announced a compensation program. I met ev

How to use Leverage like a Pro:

One of the most powerful ways to use perpetual futures in crypto is by removing your margin once a trade is in profit and trailing your stop loss. This approach minimises your capital exposure while letting your position run with reduced risk.

Many people label leverage as dangerous or equate it with gambling. But when used correctly, leverage is an incredibly effective risk management tool.

Now you might ask: How can I manage risk using leverage?

The answer is simple. Leverage allows you to keep less capital on risky exchanges. For example, instead of keeping your full trading capital on an exchange, you can leave only a fraction — say 1/10 — and still trade full size.

If your total account size is $100,000, you can leave just $10,000 on the exchange and still manage multiple trades without any issues. This significantly reduces your exposure to exchange risk ("hacks", outages, etc.).

That said, you should still calculate your risk properly. Use only 1–2% of your full ac