What Is Crypto on Credit?
Crypto on Credit is an innovative trading feature that allows users to trade cryptocurrencies using borrowed funds, enabling higher trading volumes and greater market exposure. This leveraged trading product helps maximize opportunities while maintaining secure risk management protocols.
👉 Discover how Crypto on Credit can transform your trading strategy
Key Features of Crypto on Credit
- Borrow assets to amplify trading positions
- Low interest rates for cost-efficient leverage
- Flexible repayment options
- Real-time risk monitoring to avoid liquidation
Why Use Crypto on Credit?
- Access larger positions without full capital upfront
- Capitalize on short-term market movements
- Diversify trading strategies
Getting Started with Crypto on Credit
Eligibility Requirements
To begin credit trading, you must:
- Complete ID + Selfie Verification
- Accept BPC Lending's Business Terms
- Pass a short financial profile quiz
Note: Currently only available via Coins.ph web platform (not mobile app).
How to Open a Crypto on Credit Account
Step-by-Step Activation Guide
- Log in to Coins.ph via web browser
- Navigate to the Credit tab
- Review and sign BPC Lending Agreement
- Complete the financial knowledge quiz
- Transfer collateral from your Spot Wallet
- Begin borrowing assets
👉 Learn expert strategies for crypto leverage trading
How Credit Trading Works
Borrowing Assets
- Select desired crypto asset to borrow
- Specify borrow amount (within credit limits)
- Use borrowed funds to trade instantly
Increasing Your Credit Limit
Transfer additional collateral from your Spot Wallet to:
- Access higher trading volumes
- Improve your risk ratio
- Reduce liquidation risk
Managing Your Credit Wallet
Repaying Liabilities
Two repayment methods:
- Direct Repay - Use Credit Wallet balance
- Transfer & Repay - Move funds from Spot Wallet
Pro Tip: Regular repayments improve your risk profile and reduce interest costs.
Tracking Transactions
View complete Credit Wallet history:
- Go to Portfolio → Credit Tab
- Check balances, trade history, and orders
Advanced Trading Strategies
Maximizing Your Credit
- Going Long: Borrow PHP to buy more crypto
- Going Short: Borrow crypto to sell high, buy back low
- Hedging: Offset positions across Spot and Credit Wallets
Risk Management Essentials
- Maintain risk rate above 10%
- Monitor liquidation warnings (via SMS/email)
- Add collateral proactively during volatility
Risk Management Guide
Understanding Risk Rates
Risk Rate Formula:
Total Net Assets ÷ Total Liabilities
Critical Thresholds:
- Warning Level: When risk rate ≤ coverage rate
- Liquidation Trigger: Risk rate reaches 10%
Avoiding Liquidation
- Regularly monitor risk indicators
- Transfer additional collateral when needed
- Repay liabilities promptly
Frequently Asked Questions
❓ Is Crypto on Credit available on mobile?
Currently only accessible via Coins.ph web platform. Mobile support coming soon.
❓ What cryptocurrencies can I trade?
Major pairs include BTC, ETH, and stablecoins. See full list here
❓ How is interest calculated?
Daily rates apply to outstanding balances. Early repayment reduces costs.
❓ Can I lose more than my collateral?
No. The system automatically liquidates positions before liabilities exceed collateral value.
❓ How quickly can I access borrowed funds?
Immediately after transferring sufficient collateral to your Credit Wallet.
❓ What happens during liquidation?
All Credit Wallet assets are sold to repay liabilities at current market prices.
Pro Tips for Successful Credit Trading
✅ Start small to understand leverage dynamics
✅ Set price alerts for volatile assets
✅ Regularly rebalance collateral positions
✅ Use stop-loss orders for risk control
Conclusion
Crypto on Credit empowers traders to amplify their market positions while maintaining robust risk controls. By understanding the borrowing process, repayment options, and risk management protocols, you can strategically leverage this tool to enhance your trading outcomes.
👉 Ready to elevate your trading? Explore advanced strategies here