KuCoin allows users to borrow cryptocurrency or fiat from peers also using the exchange. Long term loans (or closed loans) differ from lines of credit in that they have a set maturity date in which the note is to be paid. How do you apply for a long term loan on KuCoin? You can learn more about KuCoin lending by contacting customer support here, and below are steps to borrowing fiat or crypto long term on the exchange.
The first step is understanding how KuCoin lending works. Below is information that will help you make the best borrowing decision.
To apply for a long term loan, you need to follow the steps outlined here.
To pay off your long-term loan, log into your account to submit payments. You can set up "Auto-Pay" on your loan to make sure you payments are made on time each month. Once the last payment has posted, and your account is at zero, you can submit a request to customer service here for your loan to be closed.
KuCoin has joined other exchanges in the lending business to provide users with more flexibility and earning opportunities. For more information on KuCoin lending, or for assistance with applying for a long-term loan, contact customer support here.
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