Binance gave me this coupon, what does this mean

[randomstrings]

Hi,

Binanace gave me this borrow voucher and i dont know what is it for, I don't want to lose any crypto held there, i am still at that tab

 

[awesomewebsites]

Why did you redeem without knowing what it is?

 

[Cypherpunk Zero #4027]

From what I can tell, you can borrow 500 BUSD with 0% fees if you have BNB tokens in the account

 

[BlackAffiliate]

It's just 0% interest on a loan, you haven't won anything unfortunately.

 

[Grascent]

You should have a redeem button. Go to your profile and see

 

[randomstrings]

Why did you redeem without knowing what it is?

I redeem all shit binance give me, so far earned 20 usd worth of crypto. LOL

 

[randomstrings]

From what I can tell, you can borrow 500 BUSD with 0% fees if you have BNB tokens in the account

So if borrow 500 usd, don't have gv back or what, will they shitlist me.

 

[Dopious]

So if borrow 500 usd, don't have gv back or what, will they shitlist me.

Don´t worry, I guess they do not have an account at BHW for a fancy Dispute Resolution thread. Ps.Joke.

 

[Cypherpunk Zero #4027]

So if borrow 500 usd, don't have gv back or what, will they shitlist me.

Not like that. When you borrow some money, let's say $100, you usually have to give back $105 or more. In this case, if you borrow up to $500, you will have to give back exactly that, $500, not $550 or whatever the interest rate is.

 

[Hawkeye Digital]

Zero interest over the coupon , its only for loans mate .

 

[roydan]

They try to encourage you to trade. Do yourself a favor and don't.

 

[randomstrings]

They try to encourage you to trade. Do yourself a favor and don't.

Thanks, i didn't take the Bait

 

[Thunder Digitals]

Thanks, i didn't take the Bait

That's a good thing.

Even if it's a 0% interest loan.

 

[onlinemarketer12]

You should never redeem coupon without knowing use case. If you are not sure, ask their support.

 

[paisawaisa]

It means 0% interest on loan. Not very useful.

 

[seomaster5]

Some kind of loan this is, you should raise a support ticket with them for proper explanation.

 

[Johnpeterburs]

From what I can tell, you can borrow 500 BUSD with 0% fees if you have BNB tokens in the account

But what is the timelimit, any idea?

 

[Cypherpunk Zero #4027]

But what is the timelimit, any idea?

I can't tell from the picture, but I'm sure they have some FAQs around there

 

[Burzumer]

Not like that. When you borrow some money, let's say $100, you usually have to give back $105 or more. In this case, if you borrow up to $500, you will have to give back exactly that, $500, not $550 or whatever the interest rate is.

Sounds interesting.

 

[Nikolaos]

Sounds interesting.

Well that's how loans work. But a 0% interest loan will always be without interest up to a certain limit of $