Before using Binance Collateral, it is important to understand the risks involved. The value of your collateral may fluctuate, and if it drops too much, you may lose your assets. Be sure to check the market and your loan status regularly, and keep a close eye on your loan LTV to avoid forced liquidation.
As with all other financial products, it is critical to use Binance Collateral responsibly. Make sure the amount you borrow is within your ability to repay, and avoid using your entire portfolio as collateral. Diversifying your assets can effectively spread your risk when the market is unfavorable.
