Sometimes, I do prefer to trade futures instead of spot if I am too confident about the trade I am about to do; I will prefer to trade in the future with little leverage, like 20x, so as to know my fate within a short period of time instead of buying to hold the coin.
The only coin I do confidently hold is Bitcoin; I do only trade some for short-term profit's sake.
20x? That is high leverage to me. When bitcoin traded at $120000 recently, the liquidation for long will be around $114100 or with just little price difference from this. I have used 20x before and I lost the money. So
jI decided to be using not more than 5x which I still see to be very risky in some highly volatile market and it is not easy at all to see your money in losses.
It is worth knowing that their general name is derivatives as long as they are not in spot market.