Cryptocurrency Q&A
How much collateral is needed for Binance loan?
How much collateral is needed for Binance loan?
IncheonBlues
Thu Nov 28 2024
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6 answers
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I am considering taking out a loan on Binance and would like to know the specific amount of collateral that is required to secure such a loan.
6 answers
Valentino
Sat Nov 30 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet services. For collateral assets valued between 500,000 and 1,000,000 USD, the collateral ratio at BTCC is 30%. For assets valued between 1,000,000 and 3,000,000 USD, the collateral ratio is 0%.
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Sara
Sat Nov 30 2024
Collateral assets are the assets that borrowers provide to secure loans or margin trades. These assets serve as a guarantee for the lender or exchange in case of default.
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Silvia
Sat Nov 30 2024
The collateral ratio is determined by the value of the collateral assets in USD. Different tiers of collateral value correspond to different collateral ratios.
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Maria
Sat Nov 30 2024
For collateral assets valued between 0 and 300,000 USD, the collateral ratio is 100.00%. This means that the full value of the collateral is used to secure the loan or trade.
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Martina
Sat Nov 30 2024
For collateral assets valued between 300,000 and 500,000 USD, the collateral ratio drops to 70%. This indicates that only 70% of the collateral's value is used for security.
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