How is the loan repaid?

Modified on Wed, 3 Dec at 7:10 PM

Within Bit2Me Loan, you can repay the requested amount fully or partially at any time to reduce the LTV percentage or release your temporarily locked collateral.

To do so, follow these steps:

Access the dropdown menu via the 3 horizontal lines found in the top left corner of the Mobile App.
Tap on "Loan".
Select your loan that you want to repay.
Tap on the button "Repay USDC" *
Indicate the amount to repay of the loan.
Tap on the "Continue" button.
Done.

*If you requested the loan in another cryptocurrency, the button will show the name of that currency.

Important:

The loan must be repaid in the same currency it was requested.
Once the loan is finalized, the collateral will be returned to the BTC/ETH/XRP wallet.