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Unverified account about to be restricted(withdrawals only) , what would happen to my loan?

Binance

Cryptocoins Exchanges / Binance 245 Views

Hi

my account still has 30 hours to be restricted. I have cyrpto loan on my account. So I think, if my account becomes restricted ( permitting only withdrawals), that means i wont be able to pay my loan. would that be a correct assumption?

If I am not able to pay my loan i feel like my loan will probably get liquidated. I have done my verification but it is still in progress. I have contacted support and they are not giving me any extension. From what I understand, they are not fully sure whether I get liquidated or not.

Does anyone have any experience in this? I am worried that my loan will automatically sell my cryptos.

submitted by /u/Nackarub
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