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Showing posts with label crypto lending platform. Show all posts
Showing posts with label crypto lending platform. 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!


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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...

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?
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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:
 YouHodler.

Inside the US: BlockFi.

Good luck!


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Author: Matt Miller
London News Desk
Cryptocurrency Loans / Reporter

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

The Crypto Loan with Bitcoin Photo
Consider Bitcoin Loans,an alternative credit startup that now allows crypto-millionaires to become liquid by parting with digital assets. Dozens of new lending platforms, including Salt Lending, YouHodler, MoneyToken BlockFi, and EthLend, have sprung up in recent months, giving cryptocurrency traders the ability to secure cash loans backed by cryptocurrencies as collateral. The credit platform, which allows cryptoloans to be exchanged for cash, is based on a $1.5 million investment from the Bitcoin Foundation and the US Federal Reserve.

For investors and speculators who want to keep cryptoinvestments in their accounts, it is a good way to avoid taxes on profits before they receive a fiat currency, to obtain a cryptocredit as collateral. Lending is peer-to-peer and allows borrowers to use crypto portfolios in exchange for cash. Lenders, which offer a wide range of services, operate by lending to their customers in cryptocurrencies and providing them with capital backed by their own cryptocurrencies. Cryptoloans can also be an alternative to traditional loans, where borrowers use their fiat currency as collateral to obtain cryptocurrency.

A credit allows customers to access dollars for their Bitcoins without paying capital gains tax, reducing the risk of Bitcoin prices rising. Borrowing during a bitcoin bull market can be a good way to access dollars without missing out on profits, as bitcoin gains in value.

The loan could be made through the use of BTC or a mix of cryptocurrency assets to support the loan. The loan can be repaid by selling the user's cryptocurrency assets, which were originally used as collateral for a loan, or by bank transfers from Fiat or cryptocurrencies.

Taking out a cash loan with BTC...
As security effectively allows you to access your cash line and slow down the repayment of BTC with interest. If the bank wants to make the loan collateralized with Bitcoin, the borrower could open a collateral account with the securities broker and transfer the Bitcoin to them.

By using bitcoin, ether, or even dogecoin, the borrower can borrow cash for $1.36 per month with no interest. On the surface, cryptocredit may seem beneficial, but the reason hides the risk associated with lending with bitcoins and borrowing. By taking back the loan at a loss and not owning any assets, a crypto-loan can give the borrower access to additional money and the advantage of obtaining bitcoins.

Make no mistake, while advocates of the cryptocurrency advocate bitcoin as a safe way to buy and sell goods and services, trading in cryptocurrencies is still risky - in terms of security. Some Bitcoin investors believe that if governments regulate Bitcoin more closely, it will legitimize the currency. Once blockchain technology with its decentralized transaction management is established, this could allow faster payments and lower transaction fees.

There is indeed a Bitcoin - a secure bank that exists to issue its own digital cash currency that can be redeemed in Bitcoin. Depositing fractions of Bitcoin reserves in the bank would be money, and depositing into the Bitcoin bank itself would be money. In other words, Bitcoin would not be "money" at all, but a form of digital currency without physical value.
Although cryptolenders are licensed to provide capital to distressed economies, individuals can also use the cryptocurrency for consumer credit. The loan program allows borrowers to borrow cash in BTC, and lenders can earn interest by lending their BTC.

The credits can be traded on Lendingblock, an open source cryptocurrency trading platform, and are made available to those who use them to carry out the transactions.
Those looking for a $5,000 cash loan can use Bitcoin, Ethereum or Litecoin as security. There are a number of platforms that can be used to borrow Bitcoin cash by using crypto as security, such as Lendingblock. Normally, collateral should be at least 10% of the loan capital, and if a trader uses Bitcoin in a secured loan, the loan could be liquidated to cover the loan capital.

But the space for consumer credit is a slightly new angle from which cryptocurrencies like Bitcoin can revolutionize. In other words, blockchain-based lending has the potential to make dormant cryptocurrencies work in the economy as a whole, because investors can borrow and lend without ever giving up underlying ownership of their cryptocurrency.

Bitcoin Backed Loans...
These are similar to traditional secured loans because they use Bitcoin as collateral and eliminate the need for credit checks. But in the case of bitcoin - the credit hedge - many of its providers lend assets to third parties, assuming the risk that many bitcoins themselves serve as collateral for one dollar - dollar-denominated loans. Cryptocredit is a separate credit market, but it is also similar in many ways to other forms of credit, such as mortgage loans.

To obtain a credit, a user must first have cryptocurrency accepted as security and create a Nexo account or wallet that can be accessed from any computer or through its mobile app. The borrower can then obtain a loan from the lender as collateral if the loan is not repaid. Cryptolenders can lend their tokens to lenders to earn interest, or they put the crypto in a smart compound contract that provides collateral for loans.

Recommended Providers:
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 Reporter

Cryptocurrency Loans Part Of The Bitcoin And Blockchain Financial Revolution That Has Banks Stepping Back...