How to Lend on "Crypto Lending"(Video) ｜ Gate

Using lending service on gate.io, you can offer your loan to margin traders and earn interest.

Steps to lend your crypto on "Crypto Lending" (on Web)

Step 1: Log in to your Gate account. Hover your cursor over "Finance" in the top navigation bar and click on "Crypto Lending".

Step 2: On the lending page, you need to select a lending currency and fill in the "Amount"and "Rate" as required, and then click "OK".

Remarks on the circled numbers:

①Select a lending currency ②Input your lending amount ③Input the daily interest rate in the range of 0.01% ~ 1% ④The lending period is 10 days by default ⑤It is optional to tick "Market interest rate" (by ticking this, your order will be placed at the real-time loan rate. Calculation rule: average out loan rates of the last 30 lending orders of the currency, and round it to the nearest 0.0001.) ⑥It is optional to tick "Auto order" (after receiving the repayment, the repaid principal will automatically be used to renew the order, with the same interest rate as the initial one. If the initial order applies the market interest rate, the new rate shall be recalculated according to the current market interest rate.)

Step 3: Once the lending order is successfully placed, you can view it in the "In Offer" tab under "Lend History". You can also click "Cancel" to revoke the order before it is lent.

Step 4: Once the order is matched, you can track the payment progress in the "Collecting" tab and decide whether or not to enable "Auto-Renew".

Step 5: The repaid orders can be viewed in the "Closed" tab.

Note:

1.The borrower may, and has the right to, repay in advance. Then the actual lending duration is subject to the repayment date; 2.Changes can be made to the "Auto-Renew" feature for "In Offer" orders.

Steps to lend your crypto on "Crypto Lending" (on App)

Step 1: Log in to your Gate account. Click "Margin Lending" (on iOS devices).

Step 2: On the "Margin Lending" page, you need to select a lending currency and fill in the "Amount" and "Rate" as required, and then click "OK".

Remarks on the circled numbers:

①Select a lending currency ②Input your lending amount ③Input the daily interest rate in the range of 0.01% ~ 1% ④The lending period is 10 days by default ⑤Tick the "Market Price" checkbox (this will make your order be placed at the real-time loan rate. Specific calculation rule: average out loan rates of the last 30 lending orders of the currency, and round it to the nearest 0.0001.) ⑥You can also tick the "Auto-renew" checkbox (after receiving the repayment, the repaid principal will automatically be used to renew the order, with the same interest rate as the initial one. If the initial order applies the market interest rate, the new rate shall be recalculated according to the current market interest rate.)

Step 3: Once the lending order is successfully placed, you can view it in the "In Offer" tab". You can also click "Cancel" to revoke the order before it is lent.

Step 4: Once the order is matched, you can track the payment progress in the "Collecting" tab and decide whether or not to enable "Auto-Renew".

Step 5: The repaid orders can be viewed in the "Closed" tab. "Auto-renew" orders will continue to be listed and wait for borrowers.

Note:

1.Borrowers may, and have the right to, repay in advance. Then the actual lending duration is subject to the repayment date; 2.Changes can be made to the "Auto-Renew" feature for "In Offer" orders.