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How to Borrow Funds on Binance

2019-07-05 05:34
After opening your Margin Account, you can transfer assets to your Margin Account as collateral. The most up-to-date list of borrowable assets can be found here.
1. Log in to your Binance account and click [Wallet] - [Margin] - [Borrow] from the top or next to the asset you wish to borrow.
2. Select the asset you wish to borrow and enter the amount.
The system will calculate the maximum amount you can borrow based on the estimated BTC value of your collateral and the individual borrow limit for that particular asset. You will also see the hourly interest for the amount that you’re going to borrow.
*Please refer to the link for the borrowing limits for each asset.
3. After borrowing the asset, you can check the amount you’ve borrowed for each coin and the total debt in your Margin Account from your [Margin Wallet] dashboard.