Repaying loans

Repaying loans

 

Important: This product may not be available in your location or jurisdiction.

Warning: Margin trading is a high risk activity. Please read carefully the Risk Warnings and Terms for Margin Services on bullish.com.

You do not need to take any specific action to repay a loan. The Bullish exchange automatically repays loans to reduce interest charges when funds become available in that trading account.

There are two methods to generate the funds that will trigger automatic repayment:

i. Trade to repay

ii. Transfer to repay.

Trade to repay loan

  1. Go to the left-hand navigation and choose Trade.

    Trade in lefthand navigation.png
  2. Choose Buy or Sell depending on the assets you borrowed.

  3. View your Borrowed amount by choosing View Details.
    (2.92308551 BTC was borrowed in this example)

  4. Choose your order type between Market, Limit, and Stop Limit orders.

  5. Enter the Amount and Price for the order you wish to repay the loan.

 

Transfer to repay loan

  1. Go to the left-hand navigation and choose Portfolio.

    Portfolio in lefthand navigation.png
  2. Choose Borrowing.

    Borrowing tab in Portfolio screen.png
  3. View your Borrowed amount by under Asset Details.

  4. Choose the Deposit button at the top right side of the screen, and you can deposit the amount to repay the loan. For more details, visit Depositing funds into your Bullish account.

     

  5. If this trading account is not the primary account you will need to transfer the deposited funds from the primary account into this trading account. For more details, visit Transferring assets between accounts.

     

Digital assets and related products are high risk. Consult your professional advisor and trade responsibly. Access to our services is prohibited for residents of jurisdictions where trading in virtual assets is restricted or banned, including residents of Mainland China. Visit bullish.com/legal for important information and risk warnings.