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Binance Loans: Always choose the longest term?

Binance

Cryptocoins Exchanges / Binance 113 Views

I have a question about the Binance loans.

If I can always repay earlier with no interest penalty and only get charged the borrowed hours, why would I not choose the longest loan term? I have more flexibility with a longer loan term and it is the most convenient.

Can someone explain to my why choosing a shorter loan term can be beneficial? I can't see the advantages.

Thanks!

submitted by /u/delphisucks
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