How to get a loan on Binance | Simple and Easy

[@adabororevawilson4669]

Sir please for instant i want to borrow 600$ usdt how much will i suppose to have as collateral

[@mumo]

In the video, I have shown the Loan-To-Value that you can use to calculate this.

[@kento718]

a diverse platform of investment thnks for the headsup

[@superior7411]

So i can’t spend the collectra amount

[@mumo]

No, it's what is securing your borrowed amount.

[@cherylbenson2495]

So what the benefit of borrowing then

[@amin3730]

Binance Loan is dumb lol For example: you get a loan for 500$( because you're broke) But you have to pay the collateral for 550€ Like wtf? Hahaha I mean if I need a loan is because I'm broke

[@the_aurora]

I also didn't get the point but it's really a legal loophole for options trading.

[@amin3730]

@@the_aurora ye if u use the loan as a Trade way its rly good and can make u some profit.. but you can't use the binance loan as a Loan

[@the_aurora]

@@amin3730 Yeah, I was so confused as to why it's called that. Like with the high colleteral, why wouldn't you just use swapping? I believe the only reason for the naming is so they/people using it don't get into trouble. Or even if they do, they can wave the loan word around. Since you are basically evading taxes when it comes to options profit.

[@heaven7251]

I know this is unrelated but I want to say thank you for the video you made on what you need to import a car. I imported my car.

[@mumo]

Nice. Super happy for you. Tuma kacommission. MPESA iko open.

[@heaven7251]

I add to the views😃