How Does Leverage Work in Cryptocurrency?

Housing is rare in the US. Most of the leverage get the tap on the shoulder saying, I want my money back and you end up going to court or bankruptcy. When we get to crypto, it's different, right? Because I'm not making any payments. So what is it or am I making payments? Yes. How does leverage work in crypto? So leverage works in crypto that you have some Bitcoin and you want to borrow some more Bitcoin or some US dollars or whatever it is you want to do. But what happens is if the collateral falls and the exchange says, oh, it doesn't cover the amount, you get liquidated immediately. Just like boom out and you