Over the last few weeks, when I try and borrow a coin (into my margin account), I find that more and more often, either Binance does not have the coin to lend, or that the borrowable amounts are much lower than the permissible borrow limit for my account.
For example, on 1st Feb, I tried to borrow 60000 WRX into my WRXBTC isolated margin wallet. However, I was only allowed to borrow 9500 WRX. Note that my borrow limit was indeed 60000. I am not sure why I was throttled. But one explanation is that you limit the amount of funds ppl in VIP 0 category are allowed to borrow. Another explanation is that Binance is short of funds on the whole and that both VIP 0 and VIP 1 (or even VIP 10) customers are being throttled simultaneously.
Can you please get back to me on what is happening. If I upgrade my account (go from VIP 0 to VIP 1 or 2), then will I have access to the margin amounts that you share on your website. Or will you then also share some message about the lack of collateral availability.
Also from my understanding I only need to buy and hold 25 BNB coins to qualify for VIP. Is this correct.
Thank you.
Regards,
Sangram
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