Auto-Borrow & Auto-Repay & Auto-Renew
What are auto-borrow, auto-repay, and auto-renew? In this session, you’ll learn how to borrow funds and repay loans on KuCoin Margin Trading with a step-by-step guide. You’ll also have a clear idea of when to turn on or turn off the auto-borrow or auto-repay function during the trading process.
| Auto-Borrow | Auto-Repay | Auto-Renew | |
| Purpose | Auto-Borrow can help borrow funds automatically according to the demands when trading in Margin. Borrowing when trading. Simplify the borrowing step and save trading time. |
Auto-repay can help borrowers repay their debts automatically by detecting their Margin account once per 30 mins. If there are tokens in debt, the system will repay them at once. | Auto-Renew can help borrowers repay their debts in time and at the same time maintain the current Margin positions. No overdue debts in your Margin account and no impact on your Margin positions. |
| Turn it on or off | Turn on or turn off the "Auto-Borrow" on the Margin Trading interface, anytime you want. | Turn on or turn off the "Auto-Repay" on the Margin Trading interface. | A built-in feature of the Margin Trading system. |
| Advantages | 1. Turn on or turn off anytime you want on the Margin Trading interface. 2. Simplify the borrowing step, save time, and trade fast. |
1. Turn on or turn off anytime you want on the Margin Trading interface. 2. Detect your Margin account and repay the debts automatically. Reduce the debts and control the debt ratio effectively. |
1. The whole procedure is executed automatically by the system. 2. Help maintain your Margin positions against maturing liabilities. |
| Disadvantages | 1. Once it is enabled, the feature will be effective all the time. 2. It will automatically borrow tokens every time you trade, whether you open or close a position, so it is recommended to turn it off if unnecessary. |
1. The procedure is executed automatically once per 30 mins by the system. 2. It will repay the debt automatically without your allow and affect your trading plan, so it is recommended to turn it off if unnecessary. |
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| Situations of failed operations |
1. The liquidity of the token is insufficient in the C2C Funding Market. 2. The token has been delisted from the C2C Funding market. |
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1. The current debt ratio of the borrowers is higher than 96%. 2. The token has been delisted from the C2C Funding market; 4. The debts in the borrower's Margin account access the token's Margin Risk Limit. |
You Ask & I Answer:
Q1: Where is my USDT? I just transferred my USDT to my Margin account, then it disappeared.
Don't worry. Maybe you turned on the "Auto-Repay" function. Please check if you borrowed USDT before with no repayment and the repaid history in the Margin Assets. If unnecessary, it is advised to close it.
Q2: Why is there a debt ratio and USDT debts in my Margin account? I just bought some SOL in Margin, and I'm sure I haven't borrowed any tokens.
Let me check. It seems that you turned on the "Auto-Borrow" function, which will be trigged to borrow tokens automatically no matter whether you open or close positions. If unnecessary, it is advised to close it.
Q3: I am very worried that the expiry of my debt will affect my Margin positions. Is there any solution?
No worries. Auto-Renew, the built-in feature, will help you repay the debts in time, and at the same time, you can maintain your current Margin positions. The procedure will execute systematically and automatically.
Q4: Why does a new debt appear in my Margin account? I plan to close BTC/USDT positions and repay the USDT.
It is possible that you turned on the "Auto-Borrow" before and forgot to turn it off. Once Auto-Borrow is enabled, it will affect your following trading operations in Margin, and may disturb your trading plans, so it is recommended to turn it off.
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