Crypto loan is to use one crypto as collateral to borrow another.
Crypto Loan User Guide (Web version)
Step 1: Log into your Gate account, and click on [Earn] - [Crypto Loan].
Step 2: Select the coin you need from the market on the Crypto Loan page, and then click on [Borrow].
Step 3: There will be a pop-up window. Enter the parameters of the borrowing order and click on [Confirm].
① Enter the borrowing amount.
② Select the collateral coin.
③ Enter the collateral amount.
④ Click on [Confirm] after confirming that the information is accurate.
Step 4: You can check the details of your borrowing under [My Loans] on the Crypto Loan page. You can also repay or adjust collateral here.
Crypto Loan User Guide (App version)
Step 1: Open the Gate app and log into your account. Tap [Earn] - [Crypto Loan] and enter the page.
Step 2: Select the coin and the borrowing offer based on your own needs in the Market section. Tap [Borrow Now].
Step 3: On the borrowing page, check the borrowing details. Enter [Borrowing Amount] and [Collateral Amount], and tap [Confirm]. (Note: It’s advised to pay attention to LTVs to see if there’s any potential risk.)
Step 4: On theCollateralized Loanhomepage, clickMy Loansto view the details of your borrowing orders.
On theMy Loanspage, you can clickFlexible RateorFixed Rateto locate your orders. You can also click theFilterbutton on this page to sort by collateral ratio.
Check loan details under [My Loans]. You can also [Repay], or [Adjust Collateral] here.
You can also clickHistoryto view your borrowing records.
Note:
- Currently only the Android version of Flexible Crypto Loan is available. For iOS users, you can go to the Web to experience it.
- Go to Gate-Finance-Crypto Loan-Order History to check the borrowing orders of Flexible Crypto Loan or you can check them in the Android version.
- Go to Gate-Finance-Crypto Loan-Old Version to check the borrowing orders of Fixed Crypto Loan or you can check them in the Android version.
Gate reserves the final right to interpret the product.
