One-click Borrow and one-click Repay functions are now available on Binance.
The system will calculate the maximum balance according to the equity in your margin account. (Maximum balance= Equity+Maximum Borrow Amount). If the order amount is more than your equity, the system will borrow assets automatically.
For example: If you transfer 1 BTC to your margin account and you click "Borrow" to sell the BTC, you will be able to sell 3 BTC in total (calculated according to the max leverage in the account). You can choose to place a limit order or market order. During this process, you do not need to go to your margin account and borrow the amount manually. Our system will borrow automatically if you use this function.
If you use this function to place the order, after the order is completely filled, the system will automatically use the funds you get from the order to repay the debt. (Interest will be repaid first before the borrowed amount.)
For example: If you borrow 2 BTC and you sell them for USDT, when you want to buy back the BTC for repayment using this one-click Repay function, the system will automatically repay the BTC you borrowed after the buy order is filled. You can choose to place a limit order or market order and the automatic repayment will only be done after the order is completely filled.
*If the balance in the margin wallet is not sufficient for placing the order, the system will automatically borrow the required amount to place the order. Once the order is completed, the system will calculate interest immediately. If the order is canceled and it is not filled at all, the system will automatically repay the corresponding interest and borrowed amount.