Beginner's Guide
- Open the App and navigate to Finance > Loans, then select Borrow Now.
- Choose your preferred cryptocurrency and amount, along with single or multi-asset collateral, then click Continue.
- On the order confirmation page, agree to the Flexible Loan Terms and Auto-Conversion Rules by checking the box.
- Click Confirm to complete the loan process.
Key Features of Flexible Crypto Loans
👉 Discover the benefits of flexible crypto loans
- Instant access to liquidity without selling your holdings
- Competitive hourly interest rates
- Multi-asset collateral support
- No fixed repayment period
Frequently Asked Questions (FAQs)
1. Is identity verification required before using flexible loans?
Yes, you must complete KYC verification to apply.
2. What determines my borrowing limit?
Your limit depends on:
- Account trading tier
- Platform leverage rules (2.5x maximum)
Example: If your tier caps loans at 3,500,000 USDT, this overrides the platform's 23,000,000 USDT theoretical maximum.
3. Why does my liquidation collateral ratio appear low?
This occurs when borrowing cryptocurrencies with higher discount rates on collateral valuation.
4. Can I take multiple loans simultaneously?
Yes, except for assets already used as collateral. Note: Additional collateral may be required if your loan-to-value ratio increases.
5. How are hourly interest rates calculated?
Rates adjust hourly based on market conditions. You'll see the previous hour's rate when applying, with new rates taking effect at the next hour mark.
6. What triggers forced repayment?
When total platform borrowing for a cryptocurrency exceeds its pool limit, the system automatically liquidates collateral to repay loans proportionally.
Loan Management Tips
- Monitor collateral ratios regularly
- Use BETH collateral to continue earning ETH2.0 staking rewards
- Remember: Collateral values update based on real-time spot prices
Advanced Considerations
- Collateral release delays may occur with low-discount-rate assets