KuCoin allows users to lend or borrow cryptocurrency peer-to-peer, helping to expanding trading opportunities for the borrower and generating passive income to the lender. As a borrower, you may be asking "How do I apply for a line of credit on KuCoin?" You can find out more about KuCoin lending by contacting customer support here, and below are steps to borrowing and repaying your KuCoin loan.
KuCoin allows peer-to-peer lending on the exchange to help maximize trading and earnings. Here are some things you need to know about KuCoin lending.
You can set up auto-payments for your line of credit. This not only makes sure your obligation is paid on time, it also helps keeps you line of credit open for when you need to withdraw funds or need crypto for trading. If you want to close your line of credit, it must be paid in full before you are allowed to do so. Auto borrow can be turned off at any time. When you turn off auto-borrow, you simply pay the remainder of your loan until the balance is zero.
When you are ready to close your line of credit, make sure you balance is zero. Then, you can contact customer support here to request closure.
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