๐ 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 collateralโBTC, 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 daysโit's up to you!
5. Review & Confirm: Double-check the interest rate, repayment amount, and due date. Once youโre 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.
๐ก Pro Tip: Always be aware of market volatility to safeguard your collateral from liquidation risks.
#BinanceTurns7 #Write2Earn! #SahmRule #BinanceTournament #CryptoLoans