Binance Lending Fifteenth Phase – How To Join Binance Lending?
Binance Lending Fifteenth Phase
Binance will launch the fifteenth phase of Binance Lending Products at 2020/02/24 12:00 PM (UTC), where 15-day fixed term lending products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/02/24 12:00 PM (UTC) to 2020/02/25 12:00 PM (UTC).
- Interest Calculation Period: 2020/02/25 12:00 PM (UTC) to 2020/03/11 12:00 PM (UTC).
- Interest Payout Time: Immediately after loan term matures.
Binance Lending Product Details
|Term to Maturity||Total Subscription Cap||Individual Cap||Annualized Interest Rate||Lot Size|
Interest Per Lot at Maturity
|BUSD||15 days||50,000,000 BUSD||5,000,000 BUSD||15%||100 BUSD||0.61643|
|USDT||15 days||50,000,000 USDT||5,000,000 USDT||10%||100 USDT||0.41095 USDT|
How To Join Binance Lending?
Step 1: Register Binance Exchange Account
– Register Binance exchange account at: https://www.binance.com
– Please read this Tutorial: Tutorial Of Binance Registration
– After register account successfully: You need to Deposit (Bitcoin, ETH, USDT, BUSD, …) into Your Binance account.
Step 2: Join Binance Lending Service
– Login Your Binance account: click on ‘Earn’ at top of page then select ‘Lending’ or go to this page: https://www.binance.com/en/lending
– 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
- Coupon Per Lot: Interest you will receive per lot after redemption
- 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
– 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.
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