Finally rid of the banks?! The ultimate offer to borrow in one click thanks to cryptomoney!

Finally rid of the banks?! The ultimate offer to borrow in one click thanks to cryptomoney!

You now have the opportunity to obtain an instant loan by depositing your cryptoactives as collateral, with flexible conditions.

This promotional item is brought to you in collaboration with Crypto.com.

Details of the offer

Details of the offer

Here’s a solution that will allow you to keep your valuable CTS, while still having enough cash for your day-to-day purchases or lifetime investments.

Let’s take a closer look at Crypto.com’s new offer:

Before clarifying certain points, an explanation of the LTV (Loan To Value) concept is necessary. This term is equivalent to your debt ratio: the ratio between the amount of the loan you wish to take out and the value of your collateral.

Interest rates vary according to the number of CRO tokens in your possession. If you have less than 100,000 CRO chips, your annual interest rate (APR) will be :

As with any loan, the greater the value of your collateral relative to the amount borrowed, the lower the interest rate.

When you have more than 100,000 CRO chips, the offer becomes even more attractive:

In order to take advantage of this offer, you will need to complete an advanced KYC (identity verification process). In addition, citizens or residents of the following jurisdictions cannot use this service at this time.

Practical example

Practical example

I have 1 ETH that I want to keep at least until ETH 2.0 is released. I have no more liquidity but would like to be able to invest in the latest fashionable altcoin. I then turn to crypto.com to deposit my ETH as collateral, and get USDT or USDC in return.

For the example, we start from the assumption that the value of an ETH is 1000$. I have less than 100K of CRO in staking, so I will be able to borrow :

When my loan is fully repaid, I get my ETH back. This operation is particularly interesting if, in the meantime, the value of my ETH has risen sharply.

Here is the official video of the service, proposed by the Crypto.com platform:

Both personal and professional, these crypto version loans give you the right to borrow money, only according to the collateral value brought. The bankers’ moods will be spared, and it is up to you to try the experience thanks to our partner Crypto.com.

Finally rid of the banks?! The ultimate offer to borrow in one click thanks to cryptomoney!
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