With Bit2Me Loan, you can sell part of the locked collateral to repay the outstanding amount in full or in part, thereby closing the loan or reducing the LTV.
To do so, follow these steps from your device:
- Access the menu by tapping the 3 horizontal lines in the top left corner of the Mobile App.
- Tap on Loan.
- Select your loan.
- Tap the "Manage your loan" button.
- Tap the "Repay your loan in full or in part" button.
- Tap your collateral currency (BTC, ETH...).
- Enter the amount of collateral to sell or the EUR amount you wish to obtain.
- Tap "Review operation".
- Tap the "Repay" button.
Important: This sale may generate a taxable event. |
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