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Showing posts with label bitcoin loan collateral. Show all posts
Showing posts with label bitcoin loan collateral. Show all posts
Bitcoin loans crypto lending earn interest

Cryptocurrency is providing a new source for those in need of a loan, or those looking to earn interest by putting their bitcoin savings to work for them. Currently you would be lucky if a bank offered 1% annual returns on your money, but turn that into bitcoin and you can find rates up to 12% from multiple trustworthy, secure, and insured providers.

What is cryptocurrency lending?

The crypto lending sector is a relative newbie in the financial world, but it is about to expand even further with a number of big name providers set to open up and raise awareness of this service. Online lending has been around for a while now, and has been used by providers to fund customers through their products and services. The trend that's now emerging is cryptocurrency lending, so what is it exactly? Bitcoin Lending Cryptocurrency Lending (CL) has emerged in the last few months, and it has quickly become a popular way to make use of the digital currency. CL is actually a structured financial service that allows users to borrow money in the form of bitcoin.


Benefits of cryptocurrency lending...

The good thing about bitcoin lending is that, as a small percentage of the overall bitcoin market, it still represents a fraction of the number of loans available. There are also other options like cryptocurrency debit cards, where you can spend your bitcoins at stores without converting them. However, it is bitcoin that provides the greatest convenience and savings. Â Other benefits include: No signup No personal information to share Payment is immediate upon approval Payment in full within 30 days No secondary market Numerous cryptocurrencies are also available in the lending sector and you can be confident that they will hold their value when held to maturity.


How to get the best bitcoin loans...

Not only are the loans secured, they are also secured with a "proprietary algorithm that has verified, or verified, a lot of transactions on the cryptocurrency markets." While this isn't the most thrilling proposition, one that you may have heard before, it is definitely the most safe and secure money-making opportunity out there. One of the ways to get your bitcoin loan, is by asking your social media followers for a recommendation. Another way to find a loan provider is to simply browse the financial platforms of your choice like Credible and ZrCoin to find people who are looking to get a loan. To borrow the amount you want, you will need to have a thorough background check performed and credit checked.


Conclusion...

Getting interest at 12% or more will definitely encourage some people to turn their crypto savings into cash in hopes of seeing even more of a return. Recommended Providers:
Both have solid reputations, and enough past/present users saying everything went as described on their websites. But different laws in different countries means it matters where you live...

If you're outside the US:
 YouHodler.

Inside the US: BlockFi.

Good luck!


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Author: Matt Miller
London News Desk
Cryptocurrency Loans / Reporter

How To Get The Best Bitcoin Loans And Cryptocurrency Lending Benefits - Earning Interests or Borrowing Crypto...

coinloan review 2021 with the crypto loans app

Honestly, we're impressed!

Others haven't been able to come close to Coinloan's options, so today we bring you our Coinloan Review - there is no limit to the total amount you can to borrow.

This huge change in methods is consistent with CoinLoan's philosophy to improve lives by making the lending process as simple as possible. They're proving it possible to constantly outperform the competition, and user reviews show people coming back after trying them once.

CoinLoan has three Financial Licenses (FVR000111, FRK000091, and FFA000241) allowing them to operate using fiat, crypto, and alternative means of payment worldwide.

Highest LTV (Loan To Value)...

LTV means how large your loan can be depending on how much crypto you own.  Coinloan offers 70% when others are typically only 50%.

For example - Have $5000 worth of Bitcoin or Ethereum?  Then you'll be able to borrow $3500 instantly, and remain the owner of the original $5000!

No Credit Checks, No Banks...

The power of crypto - no bankers involved! Because each loan is asset-backed, they don't even need to perform a credit check.

Up to 3 Years To Pay It Back...

Pay-off your loan when you want, or take up to 3 years!

Secure. Simple. Obtainable...

Unlock your crypto-assets price without promoting it. Apply your crypto as guarantee to get a loan without credit rating checks. 

Just create a deposit then head to 'my wallet' tabs and first deposit cryptocurrency (BTC, BCH, ETH, LTC, XMR, CLT, ONT and more) to add the collateral for your loan. Select your interest rate, length of time, currency you want to receive and preferred loan amount. Then generate your loan and instantly borrow directly.

Review of Coinloan App With Coin Loan
Coinloan App for iPhone and Android

Or PROFIT With A Coinloan Interest Account...

Don't need money? You can MAKE money too, by putting your crypto in to be lent out and earn over 10% interest with a Coinloan interest account!

Your Coins Are Secure...

All cryptossets are stored on secure multi-signature wallets.

So if you're looking for loan, we definitely recommend that you check out Coinloan!


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Author: Matt Miller
London News Desk
Coinloan Review 2021

Coinloan Review 2021 - Need To Borrow $100,000 For 3 Years? Coinloan May Be The Solution, Let's Review...

It honestly surprises me at this point when I hear someone who's generally deeply involved and invested in the crypto world, and they've sold their coins instead of kept them by using them to get loans when they needed money.

For some perspective, on a 6 month loan you would have taken it out with Bitcoin in the $5000's.  Depending on how much cash you took out and spent, Bitcoin trading in the mid $8500's today means your loan could already be fully paid off just by the increase in bitcoin's value - then you get all your crypto back, you still own it.

Someone explain how the hell everyone isn't doing this?

So I browsed several crypto themed online communities trying to gather what some misconceptions may be.  I spotted many people seeking a bitcoin loan shark, or try to get a bitcoin loan without collateral.   Well, that won't happen, there's no anonymous bitcoin loan or way to get an instant bitcoin loan from someone offering one when you have no collateral.


There is instant bitcoin loan verification however - moving into 2020 the number lenders to choose from is growing fast. 

Also growing in popularity - people getting a loan to buy bitcoin, with bitcoin!  It's a trick those who use generally keep quiet about.

While you'll never find crypto loans without collateral, there's so many quality crypto lending platforms you don't need to worry about putting the collateral up.   Because of smart contracts and blockchain, there's no such thing as an 'unsecured crypto loan'.

However, the thing that shocks people who have taken out loans, or earned interest on funds they lent out - the flexibility in the crypto loan world.

No penalities for paying a loan off early, and in most cases if you're doing an interest earning program - the profits become available every month!  No waiting for an investment to 'mature' - you get paid as you go.

As for where to start, we're still currently recommending:

If you're outside the US: YouHodler.

Inside the US: BlockFi.

Both have solid reputations, and enough past/present users saying everything went as described on their websites. 


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Author: Matt Miller
London News Desk
CryptocurrencyLoans


Bitcoin Loans - How Are Some Die-Hard Crypto Traders STILL Unaware Of How To Take Advantage Of Them!?