Cryptocurrency Q&A
How much money can you borrow from Binance?
How much money can you borrow from Binance?
Riccardo
Wed Oct 23 2024
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5 answers
1155
I'm wondering about the borrowing limit on Binance. Specifically, I want to know the maximum amount of money that can be borrowed from the platform.
5 answers
QuasarPulse
Fri Oct 25 2024
The values mentioned are derived from the respective Price Index of each cryptocurrency.
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Silvia
Fri Oct 25 2024
Let's consider an illustration with USDT. Assuming an initial Loan-to-Value (LTV) ratio of 65%.
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SumoMighty
Thu Oct 24 2024
If you pledge 10,000 USDT as collateral, the amount you can borrow in loanable assets is calculated as 65% of 10,000 USDT.
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Daniela
Thu Oct 24 2024
This means you may borrow up to 6,500 USDT worth of loanable assets based on the pledged amount.
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BlockchainVisionary
Thu Oct 24 2024
Similarly, for a pledge of 1,000 USDT with the same LTV of 65%, the borrowable amount would be 650 USDT worth of loanable assets.
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