What is OKX Loan
At OKX, we believe in "borrow to earn, borrow to spend". We offer users easy access to a variety of crypto products by staking their existing assets. With Loan, you can increase cash flow, invest in stablecoins, and subscribe for new crypto products without exposing your portfolio to price volatility.
Fixed Loan offers crypto liquidity at a fixed rate for a limited period. It allows you to borrow USDT, BTC, ETH, and OKB by staking your existing assets. Funded by the liquidity pool of Earn, Fixed Loan now supports over a dozen of crypto assets as collaterals, enabling speedy financing with extra-low interest rates.
Flexible Loan has no fixed term or pre-set interest rate. It supports over 120 types of crypto assets as collaterals. Plus, there is no penalty for early repayment! Funded by the liquidity pool of Earn, Flexible Loan offers market-based interest rate that is updated on a hourly basis.
Borrow to Earn-How it works
Here are a few ways that you can tap into the value-added services offered by OKX Loan:
Loan x Jumpstart
Jumpstart is a platform for OKX users to explore promising crypto projects. It allows users to obtain new crypto simply by staking OKB.
For those of you wary of price fluctuation, consider subscribing for new products with the OKB borrowed from Loan. This low-risk option allows you to participate in the ICOs while holding onto your existing assets.
Loan x Earn
Earn offers access to a variety of crypto investment products, including Savings, Staking, Loan, and DeFi third-party services. For risk-averse users, we recommend purchasing Earn products with crypto borrowed from Loan.
Loan x Stablecoin
If you are interested in investing in stablecoins, consider borrowing USDT and exchanging it for the stablecoin of your choice. To take TUSD as an example—assuming that the current 15-day staking APY for TUSD is 7% and that the average loan rate is 2%, you can earn up to 5% APY with Loan x Stablecoin without risking your own assets.
Click here to explore OKX Stablecoin products.
Borrow to buy
If you are in urgent need of liquidity but do not wish to sell off your crypto, consider borrowing USDT from Loan and exchanging it for fiat currencies.
Assuming that OKX has a loan rate of 5% while another platform offers a 10% APY, feel free to borrow crypto from us to invest on other platforms.
Borrow to trade
If you think that a crypto is going to surge or plummet, consider borrowing USDT from Loan to go long or short on the said crypto in the trading market. As you hit your desired price, simply pay off the loan and keep the profits.
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.