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Binance changed my liquidation price after I opened my position. I lost everything!

Binance

Cryptocoins Exchanges / Binance 12 Views

I’m truthfully livid about what occurred to me on Binance, and I would like individuals to find out about it. Has anyone experienced something comparable?

I opened a LONG place on DOT at 0.855 with 6x leverage and remoted margin. My position was 17 000 DOT, with 2,500 USDT of my very own cash as margin.
Once I opened the trade, Binance showed my liquidation worth at zero.76. But guess what? They liquidated my position at 0.832!
My margin ratio also changed from 1.05 to 1.15. And once I contacted help, all they might tell me was that an e-mail had been despatched on November 5. A letter that I merely didn’t notice. That's their rationalization. No proper answers, no real rationalization, only a generic response saying they did nothing incorrect.
I had no other open positions. My margin was isolated. So how does this even make sense?
I understand the risks of leveraged buying and selling. I'm not blaming Binance for market actions. But I opened this trade based mostly on the liquidation worth THEY confirmed me. How can they modify the liquidation parameters after a position is already open after which liquidate it so far from the original worth?
I've lost my money, and all I'm getting from Binance is an entire lack of accountability.
I'm on the lookout for people who understand Binance's liquidation system, have experienced something comparable, or might help me get some answers.
I have screenshots of every part, including my position, the liquidation and my conversations with help.
I refuse to only accept this with no correct rationalization.

submitted by /u/AnnBerV
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