🚀 Ready to unlock the power of your crypto on Binance? Here's how you can secure a loan with the Binance Loan feature:
1. Log in to Binance: Ensure your account is verified for a seamless experience.
2. Access Crypto Loans: Head to the "Finance" section and select "Crypto Loans."
3. Customize Your Loan: Pick the crypto you want to borrow, like USDT or BUSD, and choose your collateral—BTC, ETH, or others. Binance will guide you with the loan-to-value (LTV) ratio, showing how much you can borrow based on your collateral.
4. Set Your Terms: Choose your loan duration, anywhere from 7 to 180 days—it's up to you!
5. Review & Confirm: Double-check the interest rate, repayment amount, and due date. Once you’re ready, hit confirm to secure your loan.
6. Stay in Control: Track your loan and repayments directly on the platform. If the LTV spikes due to market movements, be prepared to add collateral or make partial repayments to avoid liquidation.
💡 Pro Tip: Always be aware of market volatility to safeguard your collateral from liquidation risks.
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