Binance Margin and Loans Quiz Answers: Win Share of $50K USDT
Binance Margin&Loans Quiz with Reward
Binance Margin and Loans Quiz Answers: Answers the questions and win a share of $50K USDT.
Binance Adds FIS & WAXP on Isolated Margin, Launches 50,000 USDT Giveaway!
It has added FIS and WAXP as new isolated margin borrowable assets and has enabled isolated margin trading for new margin pairs.
Join the Quiz and get a 50 USDT margin interest-free voucher. Campaign Period: 2021-08-27 12:00 PM (UTC) to 2021-09-07 12:00 PM (UTC)
During the campaign period, users who complete the Binance Margin & Loans Quiz with at least an 80% correction rate will be qualified to equally split a prize pool of 50,000 USDT in margin interest-free vouchers.
There are 10 questions about Binance Margin and Loans. Users who answer the correct number of questions more than 8 will receive a 50 USDT margin interest-free voucher.
It is recommended that users read the following information given before filling in to improve the accuracy.
How to participate?
1. First, Login or SignUp on Binance: CLICK HERE
2. Next, visit the quiz page: CLICK HERE
More Information:
Frequently Asked Questions about Margin Trading: Click here
How to use Binance Loans to borrow coins: Click here
How to use Binance Margin trading: Click here
Binance Margin & Loans Quiz Answers:
Question 1: Users can trade in Margin trading without collateral.
Answer: B:False
Question 2: Margin trading is divided into two modes: cross and isolated margin.
Answer: A: True
Question 3: The transfer, borrowing, and trading of isolated margin trading pairs are limited to specific isolated pair, and the risk will also be managed in the isolated margin account.
Answer: A: True
Question 4: If you want your trade to be fulfilled immediately, you can choose the _______ order.
Answer: A: market price
Question 5: What are the steps required to complete a margin trade?
Answer: A: Open a margin account. B: Transfer collateral. C: Auto-borrow trade. C: Auto-repay trade
Question 6: You can borrow money without collateral.
Answer: B: False
Question 7: Assets borrowed from Binance Loans can be taken out from the platform.
Answer: A: True
Question 8: Does Binance Loans allow repay before the due date?
Answer: A: Yes, interest will be charged according to the actual number of hours of interest calculation
Question 9: Which description is correct about the service fee for Binance Loans below?
Answer: According to market conditions
Question 10: What is the longest period of the Binance Loans?
Answer: C: 180 days
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Terms & Conditions:
Margin Interest-free voucher is valid for all USDT quoted isolated margin pairs.
Margin Interest-free vouchers will be distributed within 14 days after the campaign ends.
You will be able to redeem your voucher via Account > Reward Center.
The validity period for the voucher is set at 7 days from the day of distribution.
Binance reserves the right to cancel or amend any activity or activity rules at their sole discretion.
