Promotion Period: 2021-02-24 13:00 (UTC) to 2021-03-02 23:59:59 (UTC)
Binance has committed a total of 10,000 USDT in voucher rewards to celebrate the addition of EUR as cross collateral for futures trading. The first 500 eligible users who complete both tasks during the promotion period will receive a Futures Bonus Voucher worth 20 USDT:
- Task 1: Deposit 100 EUR in your Spot wallet
- Task 2: Borrow USDT using EUR as cross collateral and complete a trade with a minimum volume of 500 USDT on USDT-Margined perpetual swap.
All users can deposit EUR to their Binance accounts with zero fees by selecting Buy Crypto > Bank Deposit > Bank/Card Deposit - Bank Transfer (SEPA). Learn more about Binance Vouchers.
- Interest will be charged if users do not repay loans taken within the Grace Period.
- Users will enjoy different borrowing limits and daily interest rates according to VIP levels. Please refer to the Cross Collateral Interest Rate page for VIP fee structure details.
- EUR, BTC, ETH, and BUSD cross collaterals have different maximum borrowing limits that are non-transferable.
For further information on how to use the cross collateral function, please see the guides below:
- How to Borrow Funds Using Cross Collateral
- Interest Charge and Interest-Free Period
- How to Repay a Loan
- Repay with Collateral
- Binance uses the Loan-To-Value (LTV) ratio to evaluate the risk level of your cross collaterals. Please be aware that in the event of extreme price movement, your collateralized assets will be liquidated if the LTV ratio reaches a certain threshold. For more details, please refer to Loan-to-Value (LTV).
- You are advised to monitor the LTV ratio of your cross collaterals proactively and to undertake preventive measures, including but not limited to:
- Adjusting the LTV to a lower level by adding additional collaterals to your account
- Enabling the auto top-up function by using the available asset in your spot wallet to add collaterals to your account
- Binance uses commercially reasonable effort to send margin call notifications to the users if the LTV ratio falls below a certain threshold. There may be instances where the users fail to receive the notification on time due to network delay, computer system failures, and other force majeure. Binance will not be liable for any loss that might arise from your use of this feature. Please use at your own discretion and risk.
Terms & Conditions:
- In order to be eligible for the cash voucher, users are required to pass Identity Verification prior to completing the above-mentioned tasks.
- Users are limited to one voucher per Binance Account.
- Users are required to complete Task 1 prior to completing Task 2.
- Vouchers will be distributed within 14 days after the eligible user has completed the tasks.
- Users are required to redeem their vouchers within 7 days upon receipt.
- Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our sole discretion.
Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence.