How to Redeem Margin 0% Interest Voucher

2020-10-19 02:15

What is a Margin 0% Interest Voucher?

You can use Margin 0% Interest Vouchers to enjoy interest-free loans for a specific period on Binance Margin Trading.

How to redeem a Margin 0% Interest Voucher

1. Log in to your Binance account and go to [Profile] - [Rewards Hub].

2. Click [My Vouchers] to view all the available rewards.

3. Under the [Ongoing] tab, scroll down and find the Margin 0% Interest Voucher you want to use. Click the [i] button on the voucher to view more details, including its face value (interest-free loan amount), margin type (Cross or Isolated Margin), and expiry date.

4. Click [Use].

5. Click [Use Reward] to confirm.

6. If you haven’t opened a Margin account, you will be automatically redirected to create a Cross or Isolated Margin account, depending on the voucher you redeemed.

If you already have a Margin account, choose a margin trading pair for the voucher and click [Confirm].

7. Click [Go to Margin Trading] to enjoy interest-free borrowing.

8. You will be redirected to the Margin Wallet page. On the [Borrow] pop-up, enter the amount to borrow and click [Confirm Borrow].

Please make sure you have a sufficient balance in your Isolated/Cross Margin account for the selected trading pair. You can transfer collateral by clicking [Transfer].

How to redeem a Margin 0% Interest Voucher using Points?

1. Go to the [Rewards Hub] page and click [Rewards Shop].

2. You’ll see your available rewards. Click [Claim] to use your Points to redeem your Margin 0% Interest Voucher.

3. Points will be deducted from your Points balance once you claim your voucher. You can find your Margin 0% Interest Voucher by visiting the [My Vouchers] page.

Notes:

You must redeem your 0% Interest Vouchers before they expire. After the expiry date, your 0% Interest Voucher will no longer be valid. Please note that you cannot extend the expiry date or exchange the 0% Interest Voucher for any other rewards. Binance does not have any obligation to alert you of the upcoming or expiry of any 0% Interest Voucher.
Once a 0% Interest Voucher is activated, you can borrow interest-free loans for Isolated/Cross Margin trading within the voucher’s face value. Interest will start to accrue immediately upon voucher activation.
Please make sure you have a sufficient balance in your Isolated/Cross Margin account for the selected trading pair, as this affects the amount of loans you can borrow.
If your Margin account is full, you won’t be able to activate any 0% Interest Voucher.
Your maximum loan amount won’t be affected by 0% Interest Vouchers.
As per the Terms of Use and in compliance with local regulations, certain Rewards Hub features may not be available in your region.
Binance reserves the right to the final interpretation of the terms and conditions of using 0% Interest Vouchers.