FAQ About Loans

About Loans

CoinEx Loans is a financial service designed to meet your short-term liquidity needs.

Without selling these assets, you can borrow one type of crypto asset by using one or more cryptos as collateral, and the borrowed assets can be used for trading, investing in financial products, or withdrawing.

🔗 Learn more: Introduction to Loans >>

1. What are the requirements for using CoinEx Crypto Loans?

As long as you are a registered CoinEx user and have bound 2FA, you can use CoinEx Crypto Loans. No additional requirements.

2. What can I do with the borrowed coins?

The borrowed coins can be used for trading, investing in financial services for higher returns, or withdrawals.

3. What coins are supported for borrowing and lending?

CoinEx supports borrowing and collateral for a variety of cryptos. Please check the "Loans" page for details.

4. How Long Is the Loan Term?

Each new loan creates a separate loan order with a 10-day term, calculated from the order creation time. At the end of the 10-day term, the system renews the loan automatically by default — no manual action is required. Each new loan creates a separate loan order with a 10-day term, starting from the order creation time. When the term ends, the system renews the loan automatically by default — no manual action is required.

(1) Successful Renewal

Automatic renewal is enabled by default when you borrow. When the 10-day term ends, the loan is renewed automatically as long as the platform has sufficient liquidity

(2) Failed Renewal (Grace Period)

If the platform's liquidity is insufficient at the time of expiry, the loan order enters a grace period. During this period, the system automatically attempts renewal every 24 hours:

• Renewal successful: The order resumes as normal, and the process ends.
• Renewal failed: The system waits another 24 hours before trying again, up to a maximum of 7 attempts.
• All 7 attempts fail: The system initiates forced repayment.

Note: Hourly interest continues to accrue throughout the grace period, at the same daily rate as your previous loan cycle.

(3) Automatic Renewal Disabled

You can manually disable automatic renewal. Once disabled, the order will trigger forced repayment upon expiry immediately, with no grace period. If automatic renewal is disabled when you borrow, you can still enable it at any time afterward.

(4) Handling Multiple Loan Orders

Within the same position, disabling automatic renewal on any single order will disable renewal for all orders in that position. Please consider the impact on your other loan orders before disabling this feature.

Once automatic renewal is disabled, the system will repay the loan in order of expiry, starting with the earliest.

5. How are borrowing interest rates calculated?

Once the loan is successful, 1-hour interest will be generated immediately. After that, it will be calculated hourly at each o’clock sharp based on the to-be-repaid loan amount (Interests are not compounded).

• Initial interest = Single loan amount * Daily interest rate / 24
• Subsequent hourly interest = Current to-be-repaid loan amount * Daily interest rate / 24

6. What happens if my current LTV gets too high?

If the current LTV is ≥ alert LTV, the system will prompt you to add more collaterals. If the current LTV is ≥ liquidation LTV, the system will automatically sell your collateral assets to repay the loan. Please add collateral in time to avoid forced liquidation.

7. How can I prevent risks from market fluctuations?

The lower the current LTV, the safer it is. You can add more collateral assets to keep the ratio within a safe range.

8. Is partial repayment supported?

Both full and partial repayments are supported. After partial repayment, the remaining loan amount must meet the minimum borrowing quantity. If this condition is met, repayments are applied to orders chronologically. If not met, the repayment will be rejected.

E.g., User A has two loan orders and wants to repay 1020 USDT partially. The minimum borrowing amount is 50 USDT.

• Order 1000001: 60 USDT borrowed, can be fully repaid, leaving 960 USDT (1020 - 60) for further repayment.
• Order 1000002: 1000 USDT borrowed. After repaying 960 USDT, 40 USDT would remain, which doesn't meet the 50 USDT minimum threshold.

Therefore, this partial repayment fails as it doesn't meet the requirements.

9. Can I use my collateral to repay the loan?

Yes, but this option is only available for full repayment of the loan, not partial repayments. The system automatically converts your collateral into the borrowed currency to settle the loan. However, be aware that this conversion process may involve some price slippage, and consider this risk carefully.

10. What is the difference between Crypto Loans and Margin Trading?

11. How to check my borrowing rate?

You can find your rates on the "Loans" page or refer to "Borrowing daily interest rate" page.