Leveraging borrowed capital to amplify your trading potential is now easier than ever with Crypto on Credit—a powerful financial tool that allows users to borrow assets and trade at higher volumes. Whether you're aiming to go long on bullish market movements or short during downturns, this feature unlocks new strategic possibilities in your crypto journey.
Designed for verified users seeking advanced trading capabilities, Crypto on Credit enables seamless borrowing against collateral, all within a secure and regulated environment. This guide walks you through everything you need to know—from setup and borrowing to risk management and repayment—so you can trade confidently and responsibly.
👉 Discover how to maximize your trading power with flexible credit options today.
Getting Started with Crypto on Credit
Account Requirements for Credit Trading
To access Crypto on Credit, your account must meet specific verification standards:
- Complete ID and Selfie Verification (or higher tier).
- Accept the Business Terms with BPC Lending, available in the dedicated support section.
- Pass a brief customer profile quiz assessing your understanding of credit risks and responsibilities.
Once verified, navigate to the Credit tab on the Coins website to begin. Note: This service is currently only available via web browser, not the mobile app.
How to Open Your Crypto on Credit Account
Follow these steps to activate your credit trading privileges:
- Log in to your Coins.ph account using a web browser.
- From the left navigation panel, click Credit.
- Review and sign the lending agreement with BPC Lending Inc, the financial partner powering this service.
- Complete a short educational quiz to confirm your comprehension of the product.
- Upon passing, you’ll gain access to the full suite of credit trading tools.
- Take time to review the interactive tutorial for best practices and feature navigation.
This structured onboarding ensures users are well-informed before engaging in leveraged trading activities.
Understanding Wallets: Spot vs. Credit
Two key wallets power your trading experience:
- Spot Wallet: Holds your personal PHP and cryptocurrency balances used for regular buy/sell transactions.
- Credit Wallet: A dedicated space for all borrowed funds and associated trades under the Crypto on Credit program.
Your initial Credit Wallet balance starts at zero. To unlock borrowing capacity, you must first transfer collateral from your Spot Wallet.
👉 Learn how to boost your trading volume with smart credit strategies.
Increasing Your Credit Limit
New users start with a base credit limit. If it’s insufficient for your trading goals, you can increase it by adding more collateral.
Step-by-Step: Boosting Your Credit Capacity
Step 1: Choose a Collateral Asset
Select from supported currencies in your Spot Wallet—including PHP and major cryptocurrencies like BTC, ETH, and USDT.
Step 2: Specify Collateral Amount
Enter the amount you wish to transfer. The system displays real-time available balances to help avoid errors.
Step 3: Add More Funds (Optional)
Click Add asset to deposit additional funds into your Spot Wallet before transferring them as collateral.
The more high-quality collateral you provide, the greater your borrowing power becomes—giving you flexibility during volatile markets.
Borrowing Assets for Trading
Once your Credit Wallet has collateral, you're ready to borrow.
How to Borrow Cryptocurrency or Fiat
Step 1: Select Borrow Asset
Choose from available borrowing options such as PHP, BTC, ETH, or other supported digital assets.
Step 2: Enter Borrow Amount
Input the desired amount, ensuring it falls within minimum and maximum thresholds. If limits are too restrictive, return to the Increase Credit section to add more collateral.
Interest rates are competitive, especially during promotional periods, so timing your borrow strategically can enhance profitability.
Tracking Your Credit Activity
Transparency is crucial when managing debt and investments.
Accessing Credit Wallet Transaction History
- Go to the Portfolio tab on the left sidebar.
- Switch to the Credit tab to view your current balance and initiate trades.
- Click the three dots next to any asset and select Trade to open the trading interface.
- Under Trade History, review past transactions executed via your Credit Wallet.
- Use the Orders tab > Credit sub-tab to monitor open and completed orders.
This clear separation between Spot and Credit activity helps maintain accurate records and improves financial oversight.
Repaying Your Liabilities
Timely repayment protects your portfolio and maintains good standing.
Two Repayment Methods
- Direct Repay: Use funds already in your Credit Wallet to settle debts.
- Transfer & Repay: Move assets from your Spot Wallet into the Credit Wallet to repay liabilities.
Step-by-Step Repayment Process
- Choose your preferred repayment method.
- Select which borrowed asset you want to repay.
- Input the repayment amount.
The system will display a breakdown showing principal, accrued interest, and remaining balance. After confirmation, successful repayment reduces your overall risk ratio—lowering the chance of liquidation.
Using Credit for Strategic Trading
Now that you have access to borrowed capital, use it wisely to execute advanced strategies.
Step 1: Select a Trading Pair
Choose from eligible Crypto on Credit trading pairs, such as BTC/PHP, ETH/PHP, or USDT/PHP—each offering unique opportunities based on market conditions.
Step 2: Choose Your Strategy
- Buy: Acquire crypto with PHP for long-term holding.
- Sell: Convert crypto holdings into PHP to lock in gains.
- Go Long: Borrow PHP via credit, then buy more crypto—amplifying upside during bull runs.
- Go Short: Borrow crypto, sell it immediately, and repurchase later at a lower price if the market declines—profiting from downward trends.
Step 3: Enter Trade Amount
Ensure your trade meets minimum and maximum thresholds. For large positions, consider splitting trades to stay within limits while achieving desired exposure.
Step 4: Amplify with Credit
Click Increase credit or switch to the Credit tab to boost your buying power. This step is essential for maximizing returns during high-confidence market plays.
Managing Risk in Your Credit Portfolio
Responsible trading means staying ahead of liquidation risks.
Understanding the Risk Rate
Your Risk Rate is calculated as:
Total Net Assets / Total Liabilities
A lower rate indicates higher risk. When this ratio drops to 10%, forced liquidation is triggered.
Warning Thresholds and Actions
- If your Risk Rate approaches the Coverage Rate, you’ll receive an alert via email or SMS.
To avoid liquidation:
- Transfer additional collateral from your Spot Wallet.
- Repay part of your outstanding liabilities.
Once liquidation begins, all assets in your Credit Wallet are automatically sold to cover debts—potentially resulting in losses.
Staying proactive protects both your capital and trading privileges.
Frequently Asked Questions (FAQ)
Q: What happens if my Risk Rate hits 10%?
A: At 10%, forced liquidation is triggered. The system will automatically sell off assets in your Credit Wallet to repay liabilities. Avoid this by maintaining a healthy collateral buffer.
Q: Can I use the mobile app for Crypto on Credit?
A: No. All actions—including opening, borrowing, trading, and repaying—must be done through the Coins.ph website via web browser.
Q: Which assets can I use as collateral?
A: You can use PHP and supported cryptocurrencies such as BTC, ETH, and USDT from your Spot Wallet as collateral.
Q: Is there a minimum credit amount I can borrow?
A: Yes. Each asset has defined minimum and maximum borrowing limits. These vary based on collateral value and platform policies.
Q: How is interest calculated on borrowed assets?
A: Interest accrues daily based on the outstanding balance. Rates may vary depending on promotions or market conditions—check terms before borrowing.
Q: Can I short-sell cryptocurrencies using this feature?
A: Yes. By borrowing crypto assets and selling them on the spot market, you can profit from price declines—just remember to buy back before repayment.
👉 Start trading smarter with advanced credit-powered strategies now.