Binance leverage 10X


I have been trading crypto and I only have 350$ at the moment , I use the leverage cross 10X on binance , it’s halal right ? Please tell me it is because it’s very hard to trade without the leverage thank you

This may have already been answered but as per my understanding, the concept of leverage involves 2 areas of prohibition. lets take your example. You use $350 and with 10x leverage you are using borrowed money to buy $3500 worth of bitcoin. I think there is clear hadith prohibiting from trading what is not yours.
Second, when Binance offers you leverage they charge a percentage fee or interest on that trade. that I have read on numerous forums is also not Halal.
Someone can provide references to those ahadith to make this clear or correct my understanding.


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