🚨 DO YOU HAVE BITCOIN AS COLLATERAL ON BINANCE? READ THIS BEFORE THE 27TH!
Binance announced changes to loans for Brazilian users, and those using BTC as collateral are worried. 😳
📌 Starting October 27, existing loans are expected to switch to “repayment only” mode.
But don’t panic! ⚠️
This doesn’t mean you’ll have to pay everything off on that date, or that your Bitcoin will automatically be sold.
The risk of liquidation due to LTV still exists, and you should check the terms of your loan agreement.
💡 I also have active loans and am keeping a close eye on the situation.
Now I want to know:
👇 Do you have a loan on Binance? Will you keep it or do you plan to pay it off?
Leave a comment! This discussion could help a lot of people avoid making decisions in a panic.
🔔 Follow for updates!
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