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– TIMESTAMPS –
1:30 What are crypto lending platforms?
13:24 Crypto .com
20:39 Final Thoughts
💸 Try A Crypto Lending Platform 💸
► Blockfi: https://guy.coinbureau.com/r/blockfi
► Nexo: https://nexo.io
► Crypto.com: https://guy.coinbureau.com/crypto-mco/
► Celsius: https://guy.coinbureau.com/r/celsius
► Aave: https://aave.com
📝 Overview 📝
Want to earn passive income or do you need cash but don’t want to sell your crypto? Well, there is a way to do all that by using a crypto lending platform.
In this video, I’ll tell you everything you need to know about them and help choose the right platform for you!
❓ What Are Crypto Lending Platforms ❓
These platforms provide two key services:
► They allow you to supply crypto to earn interest.
► To deposit crypto to get instant loans.
But how do these loans work? In a nutshell, you offer up crypto as collateral and get a percentage of that collateral in either fiat or stablecoins. If the price of crypto moves against you, in fiat terms, then your crypto could get sold to cover the outstanding loan.
There are no credit checks at all and they are usually instantly approved. Another key reason people go for this type of lending is to get cash to spend in the real world today, whilst retaining ownership of their crypto.
5️⃣ Blockfi 5️⃣
This lending platform operates out of New York city and was founded in 2017.
You can get rates as high a 6% for supplying Bitcoin and 8.6% for stablecoins.
Security is also a priority here and the platform is about as secure as the Gemini exchange – that’s because Gemini is its primary custodian. I do need to tell you that Blockfi recently did fall prey to a SIM-swap hack attack and some confidential information was leaked as a result.
If you want to get a crypto loan, you can do just that at Blockfi by providing BTC, ETH or LTC as collateral. The standard loan-to-value ratio here is 50% and the minimum loan amount is a whopping $10,000.
4️⃣ Nexo 4️⃣
Nexo is actually an offshoot of a company called Credissimo which has been in action since 2007. Since 2018, Nexo has processed over $1.5 billion for over 550k users. That means this is a damn popular crypto lending platform.
Interest rates are as high as 8% for assets like Ether, USDC, Paxos, TrueUSD, Dai, Euros and GBP. On top of that killer rate, you can get an additional rate bump to 10% if you hold enough Nexo tokens in your wallet.
In terms of security, funds are insured for up to $100 million via Bitgo. However, you must remember that the platform is centralized and needs KYC.
For those wanting to get a loan, you can do just that for amounts between $500 and $2 million and you’ll pay around 5.9% APR to make that happen.
3️⃣ Crypto.com 3️⃣
I’ve already gone over Crypto.com in another video so I recommend you check that out!
2️⃣ Celsius 2️⃣
These guys have been in business since 2017 and boast over 133,000 users with over $850 million in assets. The platform has also facilitated over $8 billion in loan originations.
Interest rates here are as high as 11.9% if you accept interest payment in CEL token and interest can be earned in a plethora of different currency stablecoins.
As a centralized platform, Celsius has all the security shortcomings of the other platforms mentioned in this video. That being said, user funds are insured for up to $100 million via Bitgo again and Celsius has committed to using its own balance sheet.
There are no minimum deposit amounts on this platform. That makes it perfect for anyone dipping their toes into the crypto lending waters.
If you want to get a crypto loan, there is a lot of flexibility when it comes to LTV, collateral types and loan terms. Oh yes, the minimum loan is only $1,000.
1️⃣ Aave 1️⃣
Watch the video to find out why I have made Aave my number one pick!
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Bitcoin #Lending #crypto #defi #btc #nexo #blockfi #celsius #aave
Are p2p Lending Risk-Free, BEST Crypto Lending Platforms: TOP 5 Picks!! 💸.
Debt Consolidation Loans For People With Poor Credit
If you need fund for education, you should search for study loan providers. Peer to peer or social lending is becoming a great way to get cash without using banks or credit cards. And it really doesn’t take that much to do a world of good.
BEST Crypto Lending Platforms: TOP 5 Picks!! 💸, Search most shared full length videos relevant with Are p2p Lending Risk-Free.
Peer To Peer Loans As Debt Consolidation
Investing can start to become more personal by checking in with yourself. To back up their products and claims without hesitation. You may not get the all of the money from the expected settlement, but it is a win-win situation for both parties.
Have you ever asked to have your money refunded after buying something online? Do you do this often? What are the reasons you’ve asked for refunds? Savvy marketers will try to find out why without making you feel you should not have asked. This would be valuable information to them. Anyone selling on the internet should be willing to have a fair and prompt refund policy. To back up their products and claims without hesitation. It is especially important to do with online sales since the transaction is done without being able to “read” the salesperson and operation face to face.
You could also opt for a merchant cash advance. This basically means that the lending company will evaluate the potential of earnings based on your credit card transactions. Based on this you will be given a loan. Every month, in proportion to the sales that you make, the lending company will begin to retrieve its merchant cash advance. It works out easier as it takes the pressure off you as far as monthly installments are concerned. There is also what is known as Peer-to-peer lending investment funding.
In today’s real estate market, many LTV’s are between 50 – 60%. This means that real estate values would have to drop by half before your principal investment would be at risk. At no time in history has this ever happened, so for the most part, this is considered a very acceptable risk. On top of this, there is a second layer, or level of protection for investors. It’s called the Buyout Agreement. This is a contract whereby you are guaranteed to get your money back if the borrower defaults for any reason on your note. Keep in mind that this second layer of protection is not offered by most trust deeds, so you must ask for it.
Factor in some liquid investments. Part of diversification is the reason why some of your investments should be in more liquid assets. At some point, you may be confronted with an emergency requiring some financial expenditure. The liquid assets in your portfolio always come in handy in cases Peer-to-peer lending of emergency.
First of all check the consistency of performance of the investment. Any investment can have a period o high performance in a bull market. A short burst of high yields might be down to a specific market issue, a spike in one sector or generally strong trend. To take out the short term success factor look at the investment over a three to five year period. If yields are consistent and if they performed well in market downturns then these are the sort of vehicles worth your time. They will show that steady management has kept these Investments returning good yields over a long period.
Of course, Kiva does due diligence research before adding prospective loan recipients to the pool and all of the money you put in goes toward the loan process – Kiva’s low overhead is covered by interest charges (if any) on the loans, fundraising and donations. So far, Kiva’s payback percentage has been 100%, although the microfinance industry average is 97% so there’s always a chance, however small, that you won’t get your money back.
These options listed above are not the only investments for beginners. There are other options that may be appropriate for you. It depends greatly upon the amount of capital you have. It also rests on whether you want money in the short term or an investment for the future. Some investments are excellent as life-long investments, while if you want to make money quickly then you will have to take more risks.
Entrepreneurs sometimes use up to $70,000 to start a business. Take for example when it comes to managing our financial resources. While you are at it, why don’t you consider gold IRA? Ask the company what their reporting policies are.
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