You now have the option to get an instant loan by depositing your cryptoassets as collateral on flexible terms.
This promotional item is made available to you in collaboration with Crypto.com
Details of the offer
Here is a solution that will help you keep your precious BTC while still having enough cash for your daily purchases or investments of a lifetime.
Let’s take a closer look at the new offering from Crypto.com:
Before clarifying certain points, an explanation of the LTV concept (Loan To Value) is required. This term corresponds to your debt ratio: the ratio between the amount of credit you want and the value of your collateral.
Interest rates vary depending on the number of CRO tokens you have. If you have less than 100,000 CRO tokens, your Annual Interest Rates (APR) are:
As with any loan, the higher the value of your collateral compared to the amount borrowed, the lower the interest rate.
When you have more than 100,000 CRO tokens, the offer becomes even more tempting:
In order to take advantage of this offer, you must complete an extended KYC (Identity Verification Process). Additionally, citizens or residents of the following jurisdictions cannot currently use this service.
I have 1 ETH that I want to keep to a minimum until the ETH 2.0 is published. I have run out of liquidity, but I want to be able to invest in the latest trendy altcoin. I then turned to the crypto.com solution to deposit my ETH as security and receive USDT or USDC in return.
For the example, let’s assume the value of one ETH is $ 1000. I have less than 100,000 CRO in use, so I can borrow:
When my loan is fully repaid, I’ll find my ETH. This is particularly interesting when the value of my ETH has increased significantly in the meantime.
Here is the official video of the service offered by the Crypto.com platform:
These crypto-style loans are both personal and professional and give you the right to borrow money based only on the value of the collateral brought in. You will be spared the moods of bankers and it is up to you to try it out with our partner Crypto.com