What's an OKX Flexible Loan?

What's an OKX Flexible Loan?

Cryptocurrency loans, often referred to as crypto-backed loans, involve borrowers using their digital assets as collateral to secure a loan. This concept allows users to access liquidity without the need to sell their cryptocurrencies, providing flexibility and preserving long-term investment strategies. OKX Loan is no different, as it allows users to increase cash flow without selling off their crypto.

Checklist

1. How OKX Flexible Loan works?
2. How do I apply for a Flexible Loan?
3. On the app
4. Open the OKX app and select Explore > Loan
5. Select the crypto you want to borrow, then choose Create new loan or Add to active loan
6. On the order confirmation page, check the box to agree to the Flexible Loan User Agreement and Risk Terms and Conditions
7. Select Confirm, read About risk notifications, and select I understand to complete the loan.
8. Select View loan details to view your loan order.
9. On the web
10. On the OKX official website, select Grow > Loan > Borrow now
11. Choose Create new loan or Add to active loan
12. On the order confirmation page, check the box to agree to the Flexible Loan User Agreement and Risk Terms and Conditions

Notes

We simplify the process of obtaining a crypto loan, making it accessible to a wide range of users. The platform acts as a bridge between lenders and borrowers, ensuring a secure and transparent lending environment. Users can navigate the loan process seamlessly through the OKX interface.

Loan application

Borrowers begin by submitting a loan application on our platform. This involves specifying the desired loan amount and the cryptocurrency they are willing to use as collateral.

Collateralization

Details follow the official OKX help article; this page is a learning checklist, not an official mirror.