Binance gave me this coupon, what does this mean

randomstrings · Jan 31, 2023

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 · Jan 31, 2023

Why did you redeem without knowing what it is?

Cypherpunk Zero #4027 · Jan 31, 2023

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

BlackAffiliate · Jan 31, 2023

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

Grascent · Jan 31, 2023

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

randomstrings · Jan 31, 2023

krishnaverma said:
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 · Jan 31, 2023

Cypherpunk Zero #4027 said:
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 · Jan 31, 2023

randomstrings said:
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 · Feb 1, 2023

randomstrings said:
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 · Feb 1, 2023

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

roydan · Feb 1, 2023

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

randomstrings · Feb 1, 2023

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

Thanks, i didn't take the Bait

Thunder Digitals · Feb 1, 2023

randomstrings said:
Thanks, i didn't take the Bait

That's a good thing.

Even if it's a 0% interest loan.

onlinemarketer12 · Feb 3, 2023

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

paisawaisa · Feb 3, 2023

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

seomaster5 · Feb 4, 2023

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

Johnpeterburs · Feb 4, 2023

Cypherpunk Zero #4027 said:
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 · Feb 5, 2023

Johnpeterburs said:
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 · Feb 6, 2023

Cypherpunk Zero #4027 said:
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 · Feb 14, 2023

Burzumer said:
Sounds interesting.

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

Binance gave me this coupon, what does this mean

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