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Crypto Asset Lending Service (flexible lending)

Crypto asset lending units (flexible lending) toggle
See below for the lending unit of each crypto asset.

 

Lending units

Bitcoin (BTC)

BTC 0.01

Ethereum (ETH)

ETH 1

Ripple (XRP)

XRP 1,000

Bitcoin Cash (BCH)

BCH 1

Litecoin (LTC)

LTC 1


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Receiving flexible lending interest toggle
Processing for interest payment begins when additional lending starts, or when lending ends at 12:00:00 pm (if you've applied for a return). Interest is paid on the same day or within seven days at the latest.

If you apply for a return of the full loan amount:
You'll be paid all of the crypto assets you lent with interest.

If you apply for a partial return:
You'll be paid the amount of crypto assets you applied for as well as the interest you've accrued up to that point.

If you apply for additional lending:
You'll be paid all of the interest you've accrued up to that point.

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Flexible lending of additional assets toggle
You can apply to lend additional assets from the Lending tab by selecting the crypto asset and amount that you want to lend.

Applications are accepted daily at 9:00:00 am, and lending starts at 12:00:00 pm. You can cancel applications up until 8:59:59 am (before applications are accepted).

If you want to make any changes to a loan application, please cancel it and then reapply.

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Will my flexible lending agreement automatically renew after lending has ended? toggle
Lending will end at 11:59 am after your return application is accepted and the agreement will not be automatically renewed.

Lending agreements may also be ended if the Crypto Asset Lending Service ends.

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Canceling an in-progress loan in part or in full (flexible lending) toggle
You can cancel a loan by choosing a crypto asset you're lending and applying for the amount you want to have returned. The application period for returns is until 8:59:59 am each day. Applications are accepted at 9:00:00 am, and lending is stopped at 11:59:59 am.
Note: Return applications can be canceled during the application period.

To cancel a loan:
1. On the LINE BITMAX main menu, tap Lending > Loan details > History.
2. Tap Returns.
3. Enter the amount you want to have returned and tap Apply.
4. Check the return amount on the confirmation screen that appears and tap OK.

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