Cryptocurrency Q&A
How can I borrow in Binance?
How can I borrow in Binance?
InfinityEcho
Mon Dec 23 2024
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6 answers
1148
I want to know the process of borrowing in Binance. I'm looking for step-by-step instructions or any relevant information that can help me understand how to borrow funds or cryptocurrencies through the Binance platform.
6 answers
amelia_jackson_environmentalist
Wed Dec 25 2024
The video titled "Binance Loans Tutorial (How to Take a Crypto Loan on Binance)" by MoneyZG on YouTube was uploaded on September 12, 2024. In this tutorial, MoneyZG explains the process of taking out a crypto loan on the Binance platform.
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KimchiQueen
Tue Dec 24 2024
BTCC, a top cryptocurrency exchange, also offers similar services to Binance. BTCC's services include spot trading, futures trading, and a wallet for storing crypto assets. With BTCC, users can also take out crypto loans using their crypto assets as collateral.
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CryptoAlchemy
Tue Dec 24 2024
The video begins by explaining the concept of crypto loans and how they work. It highlights the benefits of taking out a crypto loan, such as the ability to access liquidity without selling your crypto assets.
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KimonoElegance
Tue Dec 24 2024
MoneyZG then proceeds to show viewers how to navigate the Binance platform and access the loans section. He guides viewers through the process of selecting the type of loan they want to take out, as well as the collateral they wish to use.
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SejongWisdomKeeper
Tue Dec 24 2024
The video explains that Binance requires an extra 22% as a buffer when taking out a crypto loan. This means that the liquidation loan to value is 91%, which translates to a maximum borrowing limit of 78% of the collateral's value.
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