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How to request a loan on Binance? 🤔__________________________________
In this article I will show you, step by step, how to request a loan on Binance. I do this for educational purposes for new Binance users who want a loan from this platform.
Key terms you should know
Collateral: The coins of yours that you leave "locked" on Binance so they can lend you money.
LTV: This is the percentage they lend you compared to what you leave stored. If you leave $100 in Bitcoin and they lend you $65 in USDT, then your LTV is 65%.
How to request a loan on Binance? 🤔
__________________________________
In this article I will show you, step by step, how to request a loan on Binance. I do this for educational purposes for new Binance users who want a loan from this platform.
Key terms you should know
Collateral: The coins of yours that you leave "locked" on Binance so they can lend you money.
LTV: This is the percentage they lend you compared to what you leave stored. If you leave $100 in Bitcoin and they lend you $65 in USDT, then your LTV is 65%.
In this article I will show you, step by step, how to request a loan on Binance. I do this for educational purposes for new Binance users who want a loan from this platform.
Key terms you should know
Collateral: The coins of yours that you leave "locked" on Binance so they can lend you money.
LTV: This is the percentage they lend you compared to what you leave stored. If you leave $100 in Bitcoin and they lend you $65 in USDT, then your LTV is 65%.
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