1. Click on “funds transfer” to transfer “Margin” to your credit account.
*Margin: a common mechanism of financial transactions, known as "leverage" by investors. The “Leverage” allows investors to magnify their transaction amount, thereby increasing both returns and risks.
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 refer to where the arrowhead points at for the transferable account and to fill in the amount that needs to be transferred.
It will be indicated here when the funds are successfully transferred.
*Available: your transferred principal + your borrowings
*Frozen: assets temporarily frozen by the system
*borrowed: your borrowings
2. Select the “daily borrowing rate”.
Bibox provides investors with 5 daily borrowing rates. You may select a daily rate for your borrowings according to your own needs. (Note: Bibox may adjust the daily rates according to market conditions.)
3. Fill in “borrowing amount”.
The maximum amount you could borrow is indicated by where the arrowhead points at. This is automatically calculated by the system based on your current assets.
You may enter the amount of money you wish to borrow in the input box where the arrowhead points at. (Please note that the system has minimum and maximum borrowing limits, and the system will adjust them automatically according to market conditions.)
4. Click on the “borrow” button.
Click on 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 via “Unsettled Orders” and “Pending Payment”.
6. You can click on "trade" to conduct transactions after you have successfully secured a loan.
The trading page is divided into "coins trading" and "credit trading", and your borrowings are traded in the "credit trading" section, which shares the same trading mode as "coins trading".
”Credit trading” employs the “credit account” funds (the “credit account” funds=transferred funds from the “main account”+ borrowings)
The fund usage of each type of trading (coins or credit trading) does not affect the other.