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Responsible trading: Remember that on Binance you can "ban" yourself for a period of time if you feel like you lost control and you trade too much.

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by COINS NEWS 149 Views

Since 18.08.2021 Binance offers their users the possibility to set a "cooling off period". As I have some /r/problemgambling I hated Binance for not having this option and today, by mistake, I noticed they introduced this option.

Margin trading and futures is a lot like a casino because no mather how good you are at TA, you can't predict the future. If you get in the deep hole of loosing and trying to recover what you lost by trading with high leverage, you most certainly have a gambling problem and this "cooling off period" Binance introduced only last year is one of the most important things for fighting with your desire to trade.

Here is a description of it from their website: https://www.binance.com/en/support/faq/9c660522f69547e8bcda1e7649c7b33b/

submitted by /u/Stdanc
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