Even though I have traded on Binance, I have never used Binance Futures and I have never used leveraging.

What concerns me is the risk. But what I find most worrisome, is I have heard that with leveraging, you can end up losing more than your capital. What do I mean by this?

What I mean is, lets say I have $1000 on Binance balance. I use leveraging and I lose $1200, that will mean my balance is -$200. Yes minus!

Which means I would OWE $200, and will have to pay that unless I want legal action taken against me.

Please correct me if I am wrong as I would love to hear that.

Otherwise, leveraging is very dangerous. You could endup losing your house!

Is it possible to lose more than the capital when using leveraging?