What is the collateral amount?

To obtain a loan equal to x USDT, Unocoin obtains collateral in bitcoin whose total value is greater than x. The value of bitcoin at the time of collateralization is called collateral amount (y).

Example for collateral amount:

In this example you can see the loan amount of 2000 USDT at conversation rate and the collateral amount will be in BTC which means you need to keep sufficient BTC balance in the wallet for collateral.

• Related Articles

• Deposited amount is less than Minimum deposit amount

  The minimum INR amount to deposit is Rs.1000/-. If amount less than that is deposited, you have to deposit an additional amount to make it Rs.1000/-. Then create a deposit order of Rs.1000/- and update both the reference numbers in the reference ...

• Instant Deposit amount not credited to wallet

  If a transaction is done through an instant deposit option and the amount is debited from your account but not credited to your Unocoin INR wallet, please wait for 2-3 hrs for the amount to be credited. If the amount is still not credited to the ...

• What happens if the value of my crypto asset increases or decreases?

  If the value of the collateral decreases below a notification threshold, then you would get notifications on email. If it falls below the liquidation threshold, then the BTC present in the lending wallet gets added to the loan account collateral or ...

• Selling Crypto in trading platform

  On the Sell page, Enter the amount of crypto you want to sell or INR equivalent amount of crypto you want to sell and hit the "Sell" button to complete your sell order. You can see the applicable charges just below the amount column. We honour sell ...

• Crypto Converter

  It is a feature which lets the customer convert one crypto asset to another using Changelly. First, the user has to select the source coin and then select the destination coin, ie.,to which he/she wants to change. Enter the sell Amount. (NOTE : Sell ...