Cryptocurrency Q&A Can I borrow money on Binance?

Can I borrow money on Binance?

CherryBlossomGrace CherryBlossomGrace Fri Nov 29 2024 | 6 answers 1392
I'm wondering if it's possible to borrow money on Binance. I know it's a cryptocurrency exchange platform, but I'm not sure if they offer lending services as well. Can someone clarify this for me? Can I borrow money on Binance?

6 answers

GalaxyWhisper GalaxyWhisper Sat Nov 30 2024
Popular options for collateral include BTC, ETH, and BNB.

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Enrico Enrico Sat Nov 30 2024
To begin, log in to your Binance account.

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Chloe_jackson_athlete Chloe_jackson_athlete Sat Nov 30 2024
After selecting your collateral, you will be prompted to enter the amount you wish to borrow.

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GangnamGlitzGlamourGloryDays GangnamGlitzGlamourGloryDays Sat Nov 30 2024
The amount you borrow will be specified in a fiat currency, such as USD or EUR.

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CryptoAlchemy CryptoAlchemy Sat Nov 30 2024
Once logged in, navigate to the "Binance Loan" section.

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