LYOTRADE offers Crypto Loans that enable you to use your cryptocurrencies as collateral and receive stablecoins instantly. This allows you to earn from the appreciation of the price of your initial collateral. You can choose from 60 types of cryptocurrencies to use as collateral, and there is no need for KYC or credit checks to borrow stablecoins. You can simply submit a loan request, enter your wallet address, and receive stablecoins in just 10 minutes. The licensed crypto exchange provides a highly secure digital wallet for each user and a risk control system that checks the balance of every wallet every second.
You can borrow stablecoins starting from 100 USDT, and the percentage rate ranges from 12% to 16% yearly depending on the selected currency. The current loan-to-value is at 50% or 70%, and the liquidation price is set to avoid any losses from market volatility. The service supports 60 types of digital assets that can be used as collateral, and Tether USDT, BUSD, and USDC can be used as loan currencies.
The main objective of crypto loans is to help you earn from the assets you hold and receive the needed amount in stablecoin while getting the initial collateral back. Crypto loans offer a way to minimize risks during turbulent market periods. By depositing your crypto, you can receive stablecoins and start earning without needing expertise in the crypto world. You can withdraw your funds anytime you want, and the whole process is simple.
To use LYOTRADE’s Crypto Loans, you can download the app on your smartphone or visit the LYOTRADE Crypto Exchange Platform.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.