Best crypto lending platform. If you have Crypto already, this is the best way to get a loan without a credit score. How they work and what are the benefits.
Best Crypto Lending Platform
|NEXO Instant Crypto Line|
|The only insured account that lets you borrow instantly in 45+ fiat currencies and earn daily interest on your idle assets | www.nexo.io|
|SALT, The Original Crypto-Backed Loan|
|We offer comprehensive insurance coverage over your collateral. Not everybody can say that | www.saltlending.com|
|BLOCKFI Crypto-backed loans|
|BlockFi is the only independent lender with institutional backing from investors including Valar, Galaxy Digital, Susquehanna and Coinbase | https://blockfi.com|
|COIN-LOAN Without Credit Checks|
|CoinLoan is the first P2P lending platform for crypto-assets backed loans. Borrowers get money without selling crypto-assets | https://coinloan.io|
|BINANCE Crypto Loans|
|We make sure that the crypto you borrow can be withdrawn immediately no matter where you are | https://www.binance.com/loan|
|BAKERALOANS – Crypto-Backed Credit Line|
|Choose freely when to make credit line repayments. All you have to do is make sure it is repaid before the maturity date | https://loans.bankera.com|
|ETHLEND – Digital asset-backed loans|
|The maximum is 1,000,000 USD, and an option for a very high loan-to-value ratio of 75%. There are no hidden fees | https://ethlend.io|
Best Crypto Lending Platform – Questions & Answers
The demand for instant cash sparked the need for a new type of financial services. Some crypto lending platforms offer crypto-backed loans and interest-earning accounts. Get a cash or crypto loan with cryptocurrency as collateral.
Am I eligible for a bitcoin loan?
Knowing whether you’re eligible or not is simple. You only have to follow our simple application steps to check your loan limit. Usually, you need to have bitcoins to secure a loan faster and more conveniently. And the asset should be worth more than the amount you are applying for.
Will I need to provide collateral?
Yes, collateral is a form of security that will protect your lender when you fail to pay and from other risks, such as market volatility. You will provide a collateral to us for you to secure a loan: the benefit of this is you’ll get loans even with a low credit score or if you’re ineligible to qualify for one from traditional financial institutions.
Will I need a good credit score to obtain a bitcoin loan?
No, but having a good credit score is important. Since you’ll be using the cryptocurrency as collateral, you won’t need a credit score to secure a loan.
Can I get a bitcoin loan while staying anonymous?
Yes, it’s possible to get an anonymous Bitcoin loan by using “Altcoins” as collateral. The program is called instant collateral loans. Sign up, then deposit the accepted altcoins. Now, choose your collateral, and its terms then apply for an anonymous loan.
What if I miss my bitcoin loan payments?
If you miss your subsequent payments, then don’t worry as your repayment period will be extended automatically. However, a small fee of the balance of your loan will be charged to your account. Also, you’re at liberty to add the payment duration for your loan, but you’ll also be charged a small percentage fee for the delay.
Who owns the crypto collateral?
The loan provider is the owner of the crypto collateral until you complete repaying the loan and satisfy its terms. Besides, since they’re universally accepted, and the loan process takes shorter.
Different Loan & Credit Options.
Feel free to leave a comment below if you have good or bad experiences with your best crypto lending platform.