Binance Lending Fifteenth Phase – How To Join Binance Lending?

Binance Lending Fifteenth Phase - How To Join Binance Lending?

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

Digital Asset

Term to MaturityTotal Subscription CapIndividual CapAnnualized Interest RateLot Size

Interest Per Lot at Maturity

BUSD15 days50,000,000 BUSD5,000,000 BUSD15%100 BUSD0.61643

BUSD

USDT15 days50,000,000 USDT5,000,000 USDT10%100 USDT0.41095 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

Binance 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.

Learn More Other Tutorial Of Binance Exchange

Good luck,

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