Crypto currency`s loan market is quite useful to users. People can borrow USDT to invest on other new blockchain start-ups to gain profits without losing their BTC if they can payback the margin.
Now, Bitpie Wallet has supported BTC, USDT borrow and lend function. And here is the instruction of how to use.
Before we start, you should download the newest Bitpie Wallet (bitpie.com) and install it on your phone.
Borrow USDT from the Loan MarketStep 1, find an order you need or create your own order.
When we enter the Loan Page, we can see different orders in the surface. You can view and choose an order that you need or you can Click the ‘Create AD’ button to customize your own order.
You can set the loan period, margin ratio and daily interest ratio by your own, to customize the perfect borrowing order.
Step 2, Find your ADs, Orders and reminding messages
After some one take your order, you can find it and check out the details in ADs, Orders and Message.
Step 3, deposit BTC into the Pie Bank to complete the order.
You can find Pie Bank inside ‘ More ’ and click the ‘ deposit ’ button. Once you have BTC in your Pie Bank, the system will calculate how much BTC you should pledge (Calculation method can be found in the ‘Related Agreements’) and deduct from your Pie Bank account. If you don`t have enough BTC in your Pie Bank account, the system will inform you with a warning message.
https://i.imgur.com/tWMIEm1.jpgOnce your order been taken and the system deduct your margin, the USDT will send to your Pie Bank USDT account, then you can withdraw to your address.
Lend USDT to othersThe lending process is similar to borrowing, so I made it simplify .
Step 1, create an order for lending out USDT.
Step 2, check out your order and start getting interest
Step 3, Get the margin once the borrower fail to call margin and order been offset.
Most of the time, the borrower will pay back the principle and interest. But in case the BTC price drop sharply, and the borrower fail to call margin. The system will offset the order and give the BTC to the lender as compensate.
