.webp)
.webp)
There are 2 ways to close your loan with M2:
1st Method: Repaying with USDT.
Step 1: Login to your M2 account and click on the 'Loans' tab on the left sidebar then click on 'Manage'.
Step 2: Select 'Close Position'.
Step 3: After you click on 'Close Position', Select 'Repay with USDT' and then press 'Close position'.
Step 4: Review the Repay loan with USDT details then 'slide to complete' the transaction.
Once you repay loan with USDT, you will be able to view loan closure status from the loan home page and the unlocked collateral will be added to your account within 24h.
2nd Method: Selling Collateral
Step 1: Login to your M2 account and click on Loans tab on the left sidebar then click on manage.
Step 2: Select close position.
Step 3: After you click on close position, Select sell collateral and then press sell to close position.
Step 4: Review the sell collateral details, then slide the arrow to complete the transaction.
Once you sell the collateral, you will be able to view the sell collateral status from the loan home page and the unlocked collateral will be added to your account within 24h.
Disclaimer:
It is highly recommended to conduct thorough research prior to making any financial decisions. Please note that this article's purpose is solely for educational purposes and the author and the organization, M2, do not influence the reader's investment or trading choices.
Kareem comes with 19 years experience in Operations and Customer experience with extensive global exposure in various fields and fintech. In 2019 Kareem discovers the crypto world in depth and becomes an enthusiast while he believes crypto is the future and financial freedom. Joined M2 in 2022 and is leading the Global Customer Experience for the exchange.
