Crypto lending is one of the affordable and reliable ways to make passive income, a type of lending.
If you have a cryptocurrency that you do not plan to use or sell in the near future, then you can give it to other users in turnover as providing margin trading. And at the end of the loan, get your investments with interest.
Moreover, in view of the riskiness of margin trading, a guarantee is provided for the investor. In the event of a sharp decline in the rate of cryptocurrencies, the investor is refunded the entire loan amount with interest.
Crypto lending terms differ from site to site. Study them carefully before getting started to get the best starting options and keep your funds safe.
The interest rates offered on crypto lending platforms are much nicer compared to traditional banking institutions. In some cases, you can earn up to 18%. The interest rate is usually influenced by various factors - what kind of cryptocurrency you hold, in what quantity, and also for how long you are willing to invest it.
Below are some of the best high yield crypto platforms, available to lenders where you can sign up, get approved, deposit your savings, and start earning passive income from your cryptocurrencies without delay.
YouHodler
The project was launched by the service of the same name in early 2020. The company specializes in working with cryptocurrency: it issues loans to clients secured by cryptocurrency, accepts deposits at interest, carries out exchange operations in crypto/crypto and crypto/fiat.
Also, the project has a unique product Multi HODL, which allows users to make money in both a growing and a falling market. The platform supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and many other coins. The geography of the service is the whole world, with the exception of a few countries.
YouHodler allows you to earn up to 12% per annum on your cryptocurrency. There is an opportunity to contribute to Bitcoin, PAX Gold, USD Coin, True USD, etc. YouHodler is one of the members of the Swiss Crypto Valley Association - Crypto Valley, one of the best ecosystems in the field of technology
Benefits of YouHodler interest-bearing accounts:
Low entry threshold ($ 100).
This platform is one of the few that allows you to earn interest on the BNB token.
The BTC rate is higher than the market average - 4.8% per annum.
$ 1,000,000 Guarantee Fund.
Compound interest payments weekly.
Another unique feature of YouHodler is the use of your deposit as collateral for a loan, which allows you to more flexibly manage your funds.
BlockFi
BlockFi provides crypto financial services and products in almost every country in the world, offering both interest-bearing accounts and USD loans backed by the cryptocurrency as well as trading. The platform is based in the USA and differs in that it has strong support from institutional investors such as Galaxy Digital, ConsenSys Ventures, and Akuna Capital. BlockFi Review
The main opportunities provided by the BlockFi site:
Loans are issued in US dollars for 12 months.
The minimum amount is $ 5000.
Collateral in BTC, ETH, or LTC.
Loan to Value (LTV) - 20-50% (a loan can be 50% of the collateral).
The interest rate on loans from 4.5%.
Instant automatic approval without checking your credit history.
Deposit accounts bring up to 8.6% per annum.
Monthly payments of interest on deposits.
One of the highest levels of safety among peers.
The ability to exchange currencies within the account - BTC, ETH, LTC, USDC, GUSD, and PAX.
Compliance with United States law.
One of the unique features implemented by BlockFi is that the user himself chooses what currency he wants to receive interest in, and can conveniently redistribute his investment portfolio without the need to buy additional crypto.
BlockFi is a reliable comprehensive crypto platform that lets you easily manage your crypto assets including earning compound interest on cryptocurrency.
Get up to $250 in Bitcoin for funding an account & earn up to 8.25% APY on your cryptocurrency. Get Started
Celsius Network
Celsius Network is a lending and borrowing platform. The Celsius wallet was designed to allow members to use coins as collateral to obtain a dollar loan. And then lend your crypto to earn interest on the deposited coins.
Their loans are available only at 1% per annum.
The goal of the Celsius Network is to create a platform where traditional financial institutions no longer control the flow of loans to people around the world, and lenders can receive interest regardless of their base currency or local laws.
The Celsius Network does all of this with no fees. Hence, there are no fees for deposits, withdrawals, transactions, no early termination fees, etc.
The Celsius Network has a utility token called CEL. The token is used on the platform to receive interest, receive loans, send peer-to-peer payments, and more.
The Celsius Network distributes 80 percent of its income. Thus, unlike banks, the Celsius network pays you your own money back in interest. Thus, the Celsius network is a new alternative in the FinTech industry.
Lending your cryptocurrencies is really easy. All you have to do is download the Celsius Network app, check with KYC and deposit your coins. That's it, you will now earn interest every Monday.
Interest earned on the Celsius Network is cumulative. This means that you will receive interest on the interest you previously earned.
LendaBit
LendaBit is a P2P lending platform that allows cryptocurrencies to be used as collateral for USDT loans. LendaBit accepts BTC and ETH. The size of the loan is not limited in the presence of collateral, the user can borrow any amount of money. Lending is available for a period of 1 month, 3 months, 6 months or 1 year.
LendaBit displays the daily and annual interest rate, which allows borrowers to be aware of the loan payments.
Registration in LendaBit takes place within a minute, after which you can make a deposit and confirm the credit conditions.
To securely store your deposited cryptocurrency, Lendabit has partnered with BitGo, an industry leader in encryption technology.
CoinLoan
CoinLoan is a peer-to-peer lending platform where you can borrow money or earn interest by participating in the P2P market. Borrowers receive money without selling their crypto assets, while investors issue loans on their own terms.
Like other platforms, CoinLoan.io allows borrowers and lenders to calculate interest rates. Lenders can choose from the offered list of currencies the amount they want to invest, and then the loan term, 7 days, 6 months or another.
The interest rate is calculated by the platform, by default 10.3%, although lenders can choose to pay off interest or principal + interest. Now, users can enjoy an increased rate of 10.3% on their interest account, which increases to 12.3% per annum when placing bets in their CoinLoan Tokens (CLT).
Borrowers, meanwhile, can enter the desired loan amount and collateral, select a loan, and then check the total repayment amount. From the moment you make a deposit, you start earning daily interest on unused assets. No transfer fees, no platform fees, and your money is never blocked.
Everything is displayed here transparently, and all credit conditions are met by the platform automatically. A great option for the EU.
0 Comments