Crypto Loan
Crypto loans are amazing tools for two kinds of crypto users: first, the ones that need an amount to make profits on their trading, and second, the people who hold crypto for the long term. They're very different profiles, so how can this loan service suit both?
The crypto loan service of Tokex works with these steps:
- 1.You select crypto collateral to give to the platform, such as a coin like BTC or ETH. Instead of keeping them in your wallet, borrow them and earn from their increase in value, while using the stable coins received.
- 2.Tokex returns a stable coin of your choice among USDT, USDC, and BUSD. Use these stable coins to trade or buy as you choose.
- 3.You will pay a monthly fee. Our interest rate is one of the lowest on the market. At the end of the loan agreement, you will receive your collateral back and, after subtracting the monthly costs, you will have earned it from the initial stable coins.
- 4.You can close the loan at any time. If the price of your collateral rises, you will receive back the amount you borrowed in the initial currency, plus you will have received the stable coins.
- Select from more than 60 collateral options to get stable coins back. Apply for a crypto loan starting from 100 USDT.
- Receive stable coins immediately without identity verification or credit checks. Request the loan, enter the wallet address, and receive them in about 10 minutes.
- The percentage rate ranges from 12% to 16% annually.
- Loan-to-value, or LTV, is set at 50% or 70%. That means that we give you 50% or 70% of the collateral value as a loan. This allows us to minimize your risk and protects you from severe volatility in the price of your collateral.
There are many cryptocurrencies that are worth keeping for the long term, such as bitcoin. Instead of holding them in your wallet and waiting, you can achieve more. Lend them to Tokex: we will give them back to you at a set point in time. In the meantime, you immediately receive stablecoins that you can use to trade or make purchases. In short, you can use them for whatever you choose.
The collateral available to lend are BTC, ETH, DOGE, XMR, BCH, XNO, DGB, FIRO, and XPR. Unlike trading cryptocurrencies, crypto deposits do not require you being a cryptocurrency expert. The funds are not frozen for a certain amount of time and are available for withdrawal anytime. The whole process is as easy as that: open a deposit and start earning exactly that day.
We carefully keep it under control for the whole period of time. 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.
Last modified 9mo ago