I am referring to Vitalik Buterin, one of the ethereum founders post on Twitter that states that people should not use more than 2x leverage.
Don't use >2x leverage. Just don't.It is one of the things he listed as a financial advice. As a trader, what do you think about it? We set some money aside for trading and as for me I still use up to 2.5x leverage for bitcoin to open a long position.
I think using this low leverage is good for traders. But investors should not use leverage at all. Investors should even supposed not to leave coins on exchanges but moved the coins to a noncustodial wallet.
This is also not applicable to many coins that are very volatile in a way that 1x leverage can even lead to liquidation of asset. See what happened to TRB recently that fall from almost $700 to $125.
In my opinion it is better to use low leverage in trading platform because with low leverage your risk of losing in trading is much less. Those who use 10x 25x 50x 75x leverage have a higher risk of their assets. So I would always say it is better to use low leverage even if the trading platform has low profit.