How does this work?
If you turn on the Auto Margin Call Management option, Nebeus will monitor the price and volatility of the cryptocurrency that you are using as collateral for your loan. If approaching a margin call, Nebeus will automatically add collateral to your loan by taking the funds from your main Nebeus account.
Auto Margin Call Management is a fantastic option for peace of mind when taking out a Nebeus crypto-backed loan.
Is there anything that I need to do after selecting this option?
When turning on the Auto Margin Call Management option, all you need to do is always have additional funds in your main Nebeus account, in the currency you are using as collateral towards your loan.
If you have a Nebeus crypto-backed loan with Bitcoin as collateral, then make sure that you always have additional Bitcoin in your main Nebeus BTC wallet.
What is the cost of Auto Margin Call Management?
The cost is an additional 2% yearly interest on your loan.
How can I turn on Auto Margin Call Management?