Operating Instructions for Borrowing：
1. Click “funds transfer” to transfer the “Margin” to the credit account.
*Margin: a common mechanism of financial transactions, known as "leverage" by investors. The “leverage” allows the investor to magnify the transaction amount, while increasing the returns and risks. Bibox provides investors with a leverage ratio of up to three times.
In the “funds transfer” pop-up window, you can switch the target account of the fund transfer, select the coins that need to be transferred, and check the amount of different coins that can be transferred.
You can check where the arrowhead points at for the transferable account and to fill in the amount that need to be transferred.
It will be indicated here when the funds is successfully transferred.
*Available: your transferred principal + your borrowings
*Frozen: assets temporarily frozen by the system
*borrowed: your borrowings
*Interest: interest on borrowings.
2.Select the “borrowing daily rate”
The Bibox provides investors with 5 levels of borrowing daily rates. You can freely select a daily rate for your borrowings according to your own needs. (Note: Bibox will adjust the daily rate selection according to market conditions.)
3. Fill in “Pre-borrowing amount”
Where the arrowhead points at is the “maximum amount of borrowing” that the system automatically calculates based on your current assets.
You can enter the amount of money you want to borrow at the input box that the arrowhead points at. (Please note that the system has a minimum and maximum borrowing limit, and the system will adjust them automatically according to market conditions.)
4.Click the “borrow” button.
Click the “borrow” button to submit the borrowing request to the system.
5. The system will select funds that can be borrowed from the market for you.
You can check the borrowing orders and repayment situation at the “Unsettled Orders” and “Pending Payment”.
6. you can click "trade" to conduct transactions after you successfully get a loan.
The End of the Borrowing Instructions
Operating Instructions for Trading：
Trade with the credit account funds
The trading area is divided into "coins trading" and "credit trading", and your borrowings are traded in the "credit trading" area, which shares same trading mode with "coins trading". Coins Trading Tutorial
”Credit trading” employs the “credit account” funds (the “credit account” funds=transferred funds from the “main account”+ borrowings)
The uses of funds for two kinds of trading do not affect each other.
The Implication of " "
” ”is an identification of credit trading in the trading area. It is shown in:
- Order Area
- Current Entrustment Area
- History Order Area
The “ ” identifies the area for credit trading.
Check the assets:
We provide you with two quick access points for assets checking at the top navigation bar of the website:
- Assets Management
- Personal Center
Especially at the “personal center”, you can simply move and point the mouse as to quickly check the “main account” and “credit account” assets in the drop-down menu.
You can click either of the two access points for more details about your assets.
Check the bills:
Click the “assets management” and then select “My Bills” to check the funds flow of your current account.
Note: The books of the “main account” and “credit account” are kept separately.
View the open & deal order records:
You can view the account's current order, order history and open/deal order status at the "Order Management".
The drop-down menu of the “trading types” can be used to switch between the entrustment, past entrustment and trading records of “coins trading” and that of “credit trading”.
The End of the Trading Instructions.
Check out more rules on credit transactions here: