Binance Lending Eleventh Phase – How To Lend On Binance?

Binance Lending Eleventh Phase - How To Lend On Binance?

Binance Lending Eleventh Phase – How To Lend On Binance?

Binance Lending Eleventh Phase

Binance will launch the eleventh phase of Binance Lending Products at 2020/01/20 12:00 PM (UTC), where 30-day fixed term lending products will be made available. Further details are below:

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/01/20 12:00  PM (UTC) to 2020/01/21 12:00 PM (UTC).
  • Interest Calculation Period: 2020/01/21 12:00  PM (UTC) to 2020/02/20 12:00 PM (UTC).
  • Interest Payout Time: Immediately after loan term matures.

Lending Product Details 

Digital Asset

Term to MaturityTotal Subscription CapIndividual CapAnnualized Interest RateLot Size

Interest Per Lot at Maturity

USDT30 days30,000,000 USDT1,000,000 USDT6%100 USDT0.49315 USDT
ERD30 days500,000,000 ERD25,000,000 ERD15%50,000 ERD616.4383 ERD

How To Lend On Binance?

Step 1: Register Binance Exchange Account

– To register Binance Exchange account, please read this Tutorial: Tutorial Of Binance Registration

– After register Binance account successfully: You need to Deposit USDT into Your Binance account.

Step 2: Join Binance Lending Tenth Phase

– Login Your Binance account: Press on ‘Earn’ at top of page then select ‘Lending’ or go to this page: https://www.binance.com/en/lending

Binance Lending Eleventh Phase

– Select the available item to purchase

– There will be a detailed description in the product page:

  • Lot Size: Price per lot
  • Maximum Subscription: Maximum lots You can purchase
  • Value date: The day Binance start to calculate interest.
  • Redemption Date: The day Binance distribute the interest and the equity

– When Product Lending services is open, You must press on ‘Subscribe’ button

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– Note: Please make sure that there are enough assets in Your Binance exchange account (Assets in pending order and Margin account are not eligible)

– Enter amount, You wish to purchase and tick in box ‘I have read…’ then press on ‘Confirm Purchase’ button

– After a successful purchase, system will deduct the corresponding amount in Your balance, You can check the detail in the ‘Successful Purchase’ Page

– When it reaches due date, redemption will happen automatically. The Equity and interest will be distributed to Your account at once, You can see them in your ‘Balance’ page.

For More Other Tutorial Of Binance Exchange, Click – HERE

Good luck,

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