Whats up with binance loans?

Hey everyone,

I’ve been seeing lots of people speaking about Binance Loans these days, and truthfully I’m making an attempt to know what’s actually happening underneath the hood.

So a number of real questions: •)How do Binance Loans truly work? •)What are the standard interest rates and the way are they calculated? •)Is it principally simply borrowing towards your crypto as collateral? •)How straightforward is it to get liquidated if the market moves towards you?

And the half I really don’t get:

Why the hell do I maintain seeing individuals borrow money from Binance, then proceed to lose it all in like 2–3 trades and act stunned afterward? ???????? Is it just over-leverage, dangerous danger administration, or individuals not understanding LTV and liquidation ranges at all?