Instant crypto loan

We carefully keep it under control for the whole period. Although, if the rate of the collateral currency reaches the liquidation level, the collateral will be automatically liquidated and the loan will be closed. It is impossible to return the collateral after liquidation – that’s why we will notify you multiple times when the current rate approaches the liquidation price.

The collateral’s currency rate doesn’t affect the amount of the loan buyback at the time of closing. You will receive the exact amount of collateral for the exact amount you loaned (+ accumulated APR)

After your collateral deposit transaction is successfully confirmed, we process your funds through a risk management system. After the check, we initiate the loan payout transaction to the wallet you’ve entered when creating the loan. After your funds have reached you, your loan becomes active for as long as you’d like. All the APR you’ll accumulate is to be paid at the moment of collateral release.

All the funds are stored in special wallets, and private keys are put in secure storage that can be accessed only by several IP addresses and through a VPN connection. Private keys for all the wallets are renewed every month. The risk control system checks all wallets’ balances every second.

You can get your collateral back anytime. To do that, you have to make your loan’s repayment. It consists of the amount loaned and the accumulated APR counted monthly during your loan period.

We work at a 50% loan-to-value ratio: if your collateral is 1 Bitcoin and it costs $60,000, you will get $30,000 in Tether. Why only 50%? At the 50% LTV, we guarantee we don’t sell your collateral before its price drops by 50%. If our LTV were 90%, we would give you a $54k loan for your $60k, but if the Bitcoin price dropped to $54k, we’d sell it. This is not safe. Low LTV secures your collateral from liquidation.

When you repay the loan, we will return you the same amount of cryptocurrency as deposited. If your collateral size is 1 BTC, you will get back 1 BTC irrespective of its current market price. This is the fundamental value we provide: you can get some money now as a loan while your main long-term investment in crypto stays with you and keeps bringing you profits.

The average period of giving loans and releasing collaterals is 5-10 minutes, depending on how fast we receive your deposit.

The current state of the network and the network fee size can influence the period of us receiving collaterals. Make sure to set an appropriate network fee so that the transaction is confirmed as fast as possible.

You are to define your level of trust in the project when you loan cryptocurrency. The service was launched with the support of Coin Rabbit, a company that has been known to be credible for years. If you need to make sure the service is safe and easy to use, you can always try it with small collateral. We are constantly taking steps to make the service more credible!

The liquidation price, or LP, is the collateral’s asset value at which we have to liquidate your loan. This amount is calculated due to us being able to compensate the issued loan if the collateral’s value drops in price significantly.

We don’t have a maximum cap for crypto backed loan – our liquidity provider allows us to make sure you can loan as much as you’d like. Minimal loan amounts vary by currency, however, it’s more or less around $100.

Yes, there are no restrictions. You can close your loan in a month, a year, or even tomorrow and we’ll return your collateral with no questions. Note that for loans shorter than 30 days, there’s an extra closing $100 fee.

Sure, you can have multiple loans with different or the same collateral. You will track them as separate loans. When it comes to the repayment, interest, and fees are charged for each loan separately.

At the top of the page, click “Track my loan”. Sign in with your phone number and see your loan data: the size of your deposit and the loan, the repayment amount, and the price chart showing how far your collateral is from the liquidation price.

Our loan-to-value, or LTV, is set at 50% – that means that we give you 50% of the collateral value as a loan. This allows us to minimize your risks and protect you from the stark volatility of your collateral price.

We are open to your feedback about our LTV and are planning on adding an option to set your own LTV in the future.

Our interest rate is one of the lowest on the market. More than that, there are no requirements to store our token to get better Loan conditions like many of our competitors do. All the conditions are transparent from the start. If you have thoughts on how we could offer you better service — feel free to contact our support 24/7. We will find a loan solution that fits you best. Many of our users also take a loan to buy crypto, using their existing assets as collateral — it’s a convenient way to increase your exposure to the market without selling your long-term holdings.

We support several original coins for collateral deposits: BTC, ETH, BCH, NANO, DOGE, FIRO, XRP, and DGB, as well as several Ethereum tokens. For loans, you can receive either USDT or USDC. The list of available assets is constantly expanding, and more currencies are going to be supported soon.

We welcome any feedback on the product and suggestions from our customers. If you want us to add another asset to the list of the assets available for loans/collaterals, email us at [email protected] and we will do our best to add it ASAP.