Getting Started with Flexible Loans
- Launch the App
Navigate to:
Finance → Lending → Select "Borrow Now" Choose Loan Parameters
- Select your desired cryptocurrency and amount
- Pick collateral type (single-coin or multi-coin)
- Click "Continue"
- Review Loan Summary
Carefully read the order details and check the box to accept the user agreement. - Complete Transaction
Tap "Complete" (mobile) or "Borrow Now" (web) to finalize your loan.
Flexible Lending FAQ
1. Is identity verification required before using flexible loans?
Yes, you must complete identity verification to access this service.
2. What determines my borrowing limit?
Your limit depends on:
- Your account tier
- OKX's 2.5x leverage policy
Example for USDT:
- Platform maximum: 23,000,000 USDT
- Tier 1 account limit: 3,500,000 USDT
👉 Learn how to increase your limits
3. Why does my liquidation collateral ratio appear low?
This occurs when borrowing cryptocurrencies with lower discount rates.
4. Can I apply for multiple loans simultaneously?
Yes, except for tokens currently being used as collateral. Note:
- Additional collateral may be required for subsequent loans
- System prioritizes maintaining your initial collateral ratio
5. How are interest rates calculated?
Rates are hourly-adjusted:
- View historical rates before borrowing
- New rates apply at next hour mark
6. What happens during forced repayments?
Automatic liquidation occurs when:
- Borrowing exceeds platform limits
- Collateral value drops significantly
Repayment rules prioritize:
- Tokens with lower conversion rates
- Higher-value tokens when rates are equal
Pro tip: 👉 Monitor your collateral in real-time to avoid forced repayments.
7. How are collateral values determined?
All calculations use spot market prices.
8. Can I still earn staking rewards with collateralized BETH?
Yes! ETH2.0 staking rewards continue accumulating even when BETH is used as collateral.
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