As cryptocurrency investing has evolved, new types of tradable assets have become available. One that has gotten the attention of investors with a high risk tolerance is leveraged crypto tokens.
A leveraged crypto token allows you to take a leveraged position in a cryptocurrency, meaning your earnings or losses are multiplied. For example, a token called 3X Long Ethereum Token (ETHBULL) triples the profits of an Ethereum investment. So if Ethereum increases by 1%, its value increases by 3%. It works the same way if Ethereum decreases in price.
People often buy leveraged crypto tokens without fully understanding how they work. To avoid an investment you’ll regret, there are several things to know before you buy.
One email a day to could help you save thousands
Tips and tricks from the experts delivered straight to your inbox that could help you save thousands of dollars. Sign up now for free access to our Personal Finance Boot Camp.
By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.