HTX Crypto Loans FAQ

Q1. Who can use HTX Crypto Loans?

HTX Crypto Loans is a service in which you can collateralize your crypto and borrow other crypto assets to meet your needs instantly. Your account must be KYC-verified.


Q2. Which cryptocurrencies can be borrowed?

Crypto Loans offers a wide range of cryptocurrencies to borrow, such as USDT, BTC, ETH, TRX, and LTC. For details, please go to the Crypto Loans page.


Q3. Which cryptocurrencies can be used as collateral?

Crypto Loans supports a variety of cryptocurrencies to be used as collateral, including BTC, ETH, USDT, XRP, ETC, LTC, DOGE, SHIB, ADA, and TRX. For details, please go the Crypto Loans page.


Q4. What are the loan term options?

Currently, various loan terms are available, including 7 days, 30 days, 45 days, and 90 days. You can borrow and repay at any time.


Q5. How is the interest charged?

The interest is charged based on hours of use, and less than 1 hour is counted as 1 hour. The daily fee rate is visible on the product display page, hourly fee rate= daily fee rate / 24. Interest= borrowed assets × hourly fee rate × borrowing duration.


Q6. How do I repay my loan?

You can repay the principal and the interest on the order page. The interest will be paid off first before the principal.


Q7. Can I make an early repayment?

You can always repay in advance, and the interest is charged based on hours of use. 


Q8. What is Loan-to-Value (LTV) ratio?

The Loan-to-Value (LTV) ratio is a financial term used to express the ratio of a loan to the value of the collateral. The value of digital assets is calculated using the index price. Different collateral cryptocurrencies have different initial LTVs. Initial LTVs determines the initial amount of digital assets that can be borrowed.


Q9. What happens if my LTV is too high?

If your LTV is higher than margin call LTV, we will notify you to add collateral or repay the loan. If your LTV is higher than liquidation LTV, force liquidation might happen to repay the loan.When the System cannot perform forced liquidation due to drastic price fluctuations or the digital assets loan and related fees cannot be paid off after forced liquidation or other losses are caused to the Platform, the Platform shall have the right to continue to claim compensation from you or to transfer the corresponding assets in your exchange account to pay off the outstanding loan principal and interest or to compensate for other losses of the Platform.


Q10. How can I adjust my collateral?

You can adjust collateral on the order page. You can add collateral at any time. When your LTV is lower than initial LTV, you can remove some of the collateral.


Q11. What happens if your payments are overdue?

The platform allows up to 7 days to be overdue. During the overdue period, 3 times the interest will be charged. If the payment is still not repaid after the overdue period, force liquidation will happen to repay the loan.


Q12. Can borrowed assets be used for Spot, Margin, and Futures trading, or be withdrawn from the platform?

Yes, the cryptocurrencies you borrow can be used for Spot, Margin, and Futures trading on the platform, and can also be withdrawn from the platform.


Q13. What should I do if collaterals or borrowed assets generate airdrops during the duration of loan orders?

During the duration of loan orders, if the collaterals generate an airdrop, it will be processed in accordance with the platform rules and related announcements. If the assets you borrowed generate an airdrop, after the platform publishes the relevant airdrop reward notice, the platform will reach out to the user through our SMS system and notify the user to return the relevant borrowed digital assets. The user shall return the borrowed digital assets before the snapshot time, as stated in the notice. If the borrowed digital assets are not returned by the snapshot time, the user shall compensate the platform for the loss of the relevant airdrop rewards, and the platform shall have the right to restrict the user's withdrawals and deduct the corresponding assets from the user's account.


*HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.