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Showing posts with label crypto backed loans. Show all posts
Showing posts with label crypto backed loans. Show all posts
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!

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...

Crypto backed loans with cryptocurrency loan platforms

Many crypto owners have a long-term view of their investments. Although they plan to keep their crypto assets, circumstances sometimes force investors to sell their cryptocurrencies for cash. Instead of selling, investors can use their cryptocurrencies as collateral for a crypto-secured loan.

This allows them to maintain ownership of their money while still having access to the cash they need to fund their projects.

Get Cash You Can Spend Now, and Keep The Crypto You're HODLing...

Starting to see why billions in crypto loans are being lent out every year?
Crypto-backed loans are one of the most efficient and effective ways to manage your cryptocurrencies when you need access to USD. Crypto loan provider customers use their loans for a number of different purposes, including: 

  • Pay your travel costs - use your cryptocurrency on vacation
  • Pay high cost debt - refinance from credit card or student loan
  • Business funding - access credit for your business using crypto
  • Buying a home - a traditional lender will not allow you to pay for a home with crypto
  • Diversify your investment - reduce the risk of your portfolio by diversifying

Clients register for a loan entering their requested loan amount, the cryptocurrency they want sections and KYC / AML information for identity verification purposes. The crypto loan provider doesn't test hard or soft on a customer's credit, so your credit score won't be affected. 

It won't effect your credit score, and no one checks your credit.

Interest Rates WAY Better Than Banks...

The next thing you will notice is that our offers include a start fee, around 1-2% on average. This also depends on the applicant's loan amount, credit history, and location. Otherwise, you will see your APR, which is an easy way to show the total amount over the course of the year. Click here for more information on Interest Rates and APR, and the differences between them.

Your offer will also include the amount of crypto collateral you will need to hold in order to obtain your loan. will require more money to be sent as collateral, while high-end LTV will require less. 

Making A Profit In The Crypto Lending World...

Don't need a loan and have some crypto you're HODLing?  You can loan it to one of the major lending providers and get paid for doing nothing! 

Earn great interest rates up to 12% with the coins you currently have sitting around - the loans are backed by collateral so there's no risk of you not getting your coins back.  Many providers have insurance on top of this.

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:

Inside the US: BlockFi.

Good luck!

Author: Matt Miller
London News Desk
Cryptocurrency Loans / Reporter

Your Guide To Crypto Lending Platforms In 2021: Crypto Backed Loans, Instant Bitcoin, and More...