Guide to borrowing 3 BNB to play TGE on Web3 by borrowing through Isolate margin
Below is how to borrow 3 BNB (price ~860 USDT, total ~2,580 USDT) to participate in TGE, for those who have capital (minimum ~5,500 USDT or equivalent coins).
Preparing Capital
• Need ~5,500 USDT as collateral to borrow 3 $BNB .
• Note: Can only withdraw 45% of the collateral value (~2,475 USDT) from the exchange.
Steps to Borrow BNB
1. Go to spot wallet: Access the exchange (like Binance), select Isolate Margin in the Spot section.
2. Transfer Capital: Transfer ~5,500 USDT from the Spot wallet to the Isolate Margin wallet (pair BNB/USDT).
3. Borrow BNB: Select the BNB/USDT pair, click Borrow, enter 3 BNB, confirm.
4. Use BNB: Transfer 3 BNB from the Isolate Margin wallet back to the Spot wallet, then deposit to the Web3 wallet to play TGE.
5. Repay: After TGE, buy some $BNB (~1-1.5 USDT for interest) + BNB you bought tokens when participating in IDO, transfer $BNB back to Isolate Margin wallet, select Repay to complete.
Advantages
• Avoid BNB slippage (borrow BNB, repay BNB).
• Low interest (~1-1.5 USDT if short-term borrowing).
• Suitable for quick TGE play.
Disadvantages
• Requires large capital (~5,500 USDT).
• Can only withdraw 45% of collateral from the exchange.
Tips:
• Borrow close to the end time of TGE to reduce interest.
• Monitor margin ratios to avoid liquidation.
• If you have any questions, just comment, I will answer!
Wishing you success in hunting #TGE !
