Cryptocurrency lending platform

Cryptocurrency lending platform.

Crypto-enthusiasts are mostly encouraged to “HODL” (hold) personal digital assets, keeping them in a wallet until the price of their chosen currency rises. But like keeping your paycheck money in a classic no-capital bank with a low daily interest rate, the question can arise: How do you make your personal investment in a digital currency double?

That’ s exactly where cryptocurrency lending steps in to help. Not only does it enable unsecured capital to earn interest on their bitcoin assets, but it allows borrowers to unlock credit to value their digital assets, using them as collateral for the loan.

In investing, one of the biggest problems can be repaying the borrowed cash flow – and there’s nothing worse than drawing the funds associated with digital assets out of circulation to cover the costs of a short loan life and lack of cash liquidity.

Bitcoin credit

Let’s say that Steve has 2 BTC. He doesn’t want to sell any, because he is confident that prices will rise substantially. Steve is also worried that if he ends up paying off some of his cryptocurrency in cash, there is a risk that when he buys it back later, he will have fewer bitcoins.

Cryptocurrency lending platforms can come to the rescue. Typically, Steve is given the option to use bitcoins as collateral and get a bitcoin loan in steady coins. Because of the volatility of digital assets, he will likely have to “over-insure,” meaning he will have to pledge more BTC than the loan amounts.

As soon as he pays the loan amount in bitcoins and interest on the principal repayment, his cryptocurrency will be fully repaid. In addition, if BTC will eventually rise in relation to the cost of the loan, as he predicts, Steve will have a solid profit waiting for him.

 

 

Its cryptocurrency will become at risk just in if it fails to meet the conditions of the bitcoin loan, or if the cost of the bitcoins it uses as security falls below the cost of the bitcoin loan it received.

 

How did crypto-loans come about?

Now… just when did cryptocurrency lending emerge? Well, it was just as the the economy came to an acute halt in 2020 because of the healthcare pandemic. That caused interest rates to drop and credit to plummet. A lot of folks were looking for other means to make their assets work for them. Cryptocurrencies were a fast and simple means to access fiat currencies nearly instantly, without having to trade them. In the twinkling of an eye, the days of bitcoins and Litecoin idly collecting dust on an exchange or in a cold wallet are over.

In contrast to a personal loan or credit check card, collateralized loans are much safer for the creditor, letting the borrower take full advantage of a low interest rate.

Cryptocurrencies can be highly variable, so these loans are nearly always oversecured. This offers insurance for the lender in case the value of the cryptocurrency drops drastically. This can have negative implications for the borrower, though, especially if the market platform they are using demands that they always keep their collateral-to-Value (LTV) ratio up.

The Benefits of Getting a Crypto backed Loan

A major bonus of obtaining a crypto-bitcoin credit is that your credit checking score will not be graded here, unlike the way conventional banks do business. Lending is becoming more affordable for people who do not have a financial record, do not have a bank account, and for self-employed workers who find it hard to get a credit check because their erratic income does not meet the bank’s strict requirements. Needless to say, monthly cryptocurrency loan payments can also be more flexible.

A BTC loan can be almost instantaneous, while in the old-fashioned financial world it can take several days to confirm a loan term. You can also make your assets liquid without triggering a taxable transaction, or adjust your Bitcoin loan to suit your needs. You can switch among cryptoportfolio assets, such as untarnished Ethereum capital and borrowed Tether, in the same framework.

How to get a Bitcoin loan

If you like the picture of BTC payday loans but don’t know where to start, you have two main options: centralized and decentralized credit platforms.

Crypto loan on centralized exchanges

The centralized eco-systems, such as BlockFi, Nexo and Binance, need to follow defined jurisdictional regulations and eligibility procedures. First, you will need to create an account on the Platform of your chosen choice and pass the identity check (KYC) procedure, which is used to prevent fraud and cash diversion.

These platforms typically have security protocols in order to keep your collateral safe. A few protect their cryptoportfolio assets with insurance or keep most electronic assets in cold storage, that is, away from Internet connectivity.

Bitcoin centralized cryptocurrency loan platforms in certain jurisdictions will still record all loose capital and withdrawn assets in a blockchain visible to all, and offers a great way to earn instant crypto loans interest on bitcoins, alongside so many other cryptocurrencies and stacked coins, such as USDC and DAI. By comparison, the best bank interest rate on USDC savings accounts hardly passes the 1% APR LTV mark, but a lot of platforms offer up to 8% APR in cryptocurrency.

To get the best offer and to avoid overly high upfront fees, it’s better.

Gaining a crypto-loan through a CeFi platform requires more paperwork, but the fact that there is a regulated environment and customer care at a mouse click or phone call away may make these platforms appeal more to more traditional crypto-investors.

Crypto loan on Binance

Lender Binance provides cryptocurrency loans to its users who want to borrow staples such as BUSD and USDT, popular cryptocurrencies such as BTC and ETH, and more on Binance’s lending floor in certain jurisdiction. BTC, ETH, BNB and other crypto-assets can be eligible as collateral for bitcoin loans. The Initial LTV is 65%. It is important to note that with a margin call (requiring additional collateral) the LTV is 75% and with liquidation the LTV is 83%.

Bitcoin loans have loan terms of 7, 14, 30, 90 and 180 dates, and interest is charged on an hourly batch basis.

 

Binance members can repay bitcoin loans before maturity, but the interest will be calculated rounded to the nearest hour. As of September 9, 2021, the rate of interest hourly is 0.001667% LTV and accrues per hour after the customer successfully lends the crypto-asset.

Crypto Loan on BlockFi

BlockFi started in 2017 to bring credit based financial services to marketplaces where plain financial products were unavailable, by offering the best interest rate and an institutional quality of financial services.

BlockFi’s core product is a saving account that enables users to earn up to 8% APR by lending their crypto assets. BlockFi also features cryptocurrency loans offering interest rates as low as 4.5% APR LTV.

 

Bitcoin loans from BlockFi, although, have greater requirements compared to Binance. For starters, the minimum bitcoin loan amounts to $10,000 usd.

In addition, the LTV is lower, i.e. more strict at 50%, and the margin code requirement is 70% LTV. BlockFi customers can obtain bitcoin loan money on the same weekday, and early loan redemption is accessible too, just like at Binance.

Is BlockFi safe?

BlockFi’s main custodian is Gemini Trust Company LLC, a firm governed by the New York State Department of Financial Services. It is also secured by loans from prominent institutional institutional investors such as Galaxy Digital, Fidelity, SoFi and Coinbase Ventures. Yet cryptocurrency accounts on BlockFi are not protected by the FDIC or SIPC. In addition, three U.S. states, New Jersey, Alabama and Texas, have prohibited BlockFi savings accounts, alleging a violation of state security laws. Although this does not directly impact BlockFi’s cryptocurrency credit, it could have a negative impact on users’ access to BlockFi.

No Collateral Crypto Loans

The other option for cryptocurrency loans is the use of de-centralized platforms, shortened to DeFi.

An unfunded cryptocurrency loan, meaning a collateral-free crypto-loan, is a novel form of a financial loan that offers liquidity for a brief term and can be redeemed in fiat or cryptocurrency. The whole idea is to take a loan directly from the lender, using cryptocurrency as collateral instead of traditional asset such as real estate and gold.

If you’re curious about unfunded bitcoin loans or unfunded cryptocurrency loans, a number of platforms exist that makes this possible. For an example, flash loans are a popular example of unsecured cryptocurrency loans, but navigating them requires a high level of knowledge of cryptocurrency.

You should gather as little information as you can about the platform and make certain it is legitimate before you start issuing collateral-free bitcoin loans.

 

What is decentralized (DeFi) lending?

DeFi’s loan platforms are fully deconcentrated, and the transactions are handled by the code, not by humans. Services such as Aave, Compound, and dYdX use smart transactions to use algorithms and protocols to automate bitcoin loan repayments.

Anyone can gain access to the minutes on a distributed financial platform, which makes them completely transparency since nothing can be hidden in the bitcoin blockchain.

Unlike CeFi platforms, here there are no middlemen or financial regulators, which means you do not have to go through the identity verification and validation (KYC) process. However, DeFi’s interest rates on cryptocurrency-backed loans frequently pale in contrast to what the centralized competitors can provide.

 

Getting bitcoin credit in BTC or ETH (or any other kind of bitcoin deposit on the DeFi platform), happens as an instant bitcoin loan, since no verification is needed.

With intelligent contracts, all the user needs to do is apply for a loan and then send the cryptocurrency they wish to use as collateral to a designated wallet.

The users of decentralized lending platforms can submit applications for loans with collateral of any amount and without the need to verify their identity to a third person. Backed loans can be made in stable new coins such as USDC, fiat currency, or cryptocurrencies such as Ethereum and BTC.

Best Cryptocurrency Card: Gemini Credit Card

Entry Suggestion: N/A

Annual Percentage Rate (APR): 13.24% – 24.24% (floating rates of interest)

Entering interest rates for purchase ( APR ): N/A

Suggested credit check: N/A

Interest rates.

3% cash rebate at restaurants (up to $6,000 per year, thereafter 1%)

2% refund of cash back on food items

1% cash back on all other shopping

Yearly commission cost: $0

You can earn credit card rewards in bitcoins, Ethereum, and more than 60 other cryptocurrencies with this card. You’ll get rewards of 3% for meals (up to $6,000 a year, then 1%), 2% for products, and 1% for all other purchases. The interest rates of these rewards are quite competitive, and the selection of Crypto-currency rewards is by far the largest. Rewards are earned at the time you make a buy, which means you don’t have to wait until the end of the month to receive your payout. you can even transfer your rewards to your own cryptocurrency wallet, which is an important indicator of flexibility.

• Versatile Solution: BlockFi Rewards Visa Signature Card
• Introductory Offer: N/A
• APR (Annual Percentage Rate): 15.74% – 25.74% (variable interest rates)
• Purchase Introductory Offer (APR): N/A
• Advised Loan: Excellent/good credit

Reward Rates

Get 2% cash back in cryptocurrency for each purchase over $30,000 per year. The rewards rate will increase from 1.5% to 2% past the $30,000 spent and reset each and every year on the card’s one-year renewal date (starting July 1).

Earn 1.5% in the cryptocurrency on all purchases

Annual fee: $0

The Visa Signature card by BlockFi Rewards might interest you for many reasons. First, it offers more than 10 cryptocurrency rewards options beyond bitcoin. It also allows you transfer cryptocurrency into your own personal wallet, which is a key distinction that will make it attractive to crypto-enthusiasts. Previously, rewards of 1.5 percent of each purchase automatically accrued interest when stored in an interest-bearing account linked to BlockFi, but that offer was canceled at the Securities and Exchange Commission’s direction. It is unclear whether the feature will return in the same form, even though BlockFi has stated that it intends to bring its business into compliance quickly. Clearly, volatility is not unique to estimated cryptocurrency prices – there is some danger of sudden changes in cryptocurrency product offerings as the legal dust settles.

Card with cash back and exchange to crypto backed currency: Venmo Credit Card

Opening sentence: N/A

Annual (APR): 15.24% – 24.24% (floating rate)

Introductory Purchase Rate ( APR ): N/A

Recommended credit: Excellent/good credit

Reward rates.

Earn up to 3% in the applicable category with the highest expenses

Earn up to 2% in the second applicable category with the highest spend

Earn 1% on all other eligible purchases and Venmo transaction between individuals.

Yearly fee: $0

The Venmo credit card is a cash back card, but you can use rewards in Cryptocurrency – BTC, ETH, LTC or BCH – at the end of every month. Unlike certain other credit cards, there are no fees for converting rewards into Cryptocurrency. Venmo will automatically assign the highest cashback rate to your top spending categories.

You’ll get 3% for the highest spending category, 2% for the second highest spending category, and 1% for all your other purchases, so you don’t have to plan your spending to get the most rewards. The main disadvantage is that you cannot transfer your own cryptocurrency from Venmo’s vault to the exchange or your own wallet, which for some may be a barrier to making a transaction.

• alternative Bitcoin Rewards card: Upgrade Bitcoin Rewards Visa
• Entry Offer: N/A
• Annual Rate (APR): 8.99% – 29.99%
• Introductory Purchase Rate (APR): N/A
• Advised credit: Excellent/good credit
• Reward Rates.
• 1.5% cash back in Bitcoins on purchases
• Yearly Fee: $0

the Upgrade Bitcoin Rewards Visa is a simple cryptocurrency credit card, or should we say bitcoin credit card. While it does not really offer anything beyond what other cards offer, it is a satisfactory alternative if other options don’t work for you. You’ll only earn bitcoin credit, but it does offer the same rewards rate as the BlockFi, with a 1.5% discount on all purchases.

You can use your Upgrade Bitcoin lending Rewards Visa card wherever Visa is accepted, but you can’t move your bitcoin credits from the Upgrade storage platform to your own wallet. The only thing you can do with your bitcoin loan rewards is keep them in a deposit account or sell them to repay as a statement credit at your convenience.

The best payment gateways in 2022

Looking for the best bitcoin payments gateway? Here’s a list that includes cryptocurrency payment gateways that accept bitcoins and altcoins as merchant payments.

Those cryptocurrency payment processors accept BTC, ETH, XRP, LTC and some other major cryptocurrencies.

Binance Pay

The Binance is a big name in the crypto sphere, which also offers a cryptopay gateway. In February 2021, a beta version of Binance Pay exclusively for p2p payments was launched. The platform support more than 30 other cryptocurrencies, including Bitcoin, Ethereum, BNB and more.

Users can get access to Binance Pay functions through the Binance mobile app, where they can instantly transfer funds from spot wallets to Binance Pay or transfer to traditional bank accounts. Crypto travel giant Travala was the very first platform to begin receiving Cryptocurrency payments with Binance Pay.

CoinPayments

CoinPayments is a worldwide payments gateway that allows users to easily make transactions with bitcoin, Ethereum, Litecoin and more than 2,000 other cryptocurrencies on its platform.

Since 2013, CoinPayments has built a reputation as an energy leader in facilitating cryptocurrency acceptance by offering merchants fast, secure and easy-to-integrate solution to start accepting cryptocurrency payments. These range from shopping basket plugins with major e-commerce platforms, specialized APIs, digital wallets and a host of other businesses tools. To date, CoinPayments has processed over $10 billion in cryptocurrency payment transactions and continues to service more than 70,000 merchants worldwide. CoinPayments is currently active in more than 180 countries. Some key highlights include:

• Global payments in real time
• Industry low handling fee of only 0.5% ltv
• With over 2,100 supported coins
• Easy plugins for E-commerce platforms such as Shopify, Magento, etc.
• Automated conversions to avoid Volatility
• Possibility to convert to fiat coins

Blockonomics

It is a centralized decentralized cryptocurrency payment gateway that does not require third-party authentication, permissions or any extra API integration to maintain transactions. Customers must scan a QR code from the page or their digital wallets to make payments. Users can also generate accounts for cryptocurrencies, which is very similar to PayPal. A few key features:

• A secure platform for cryptopayments such as Bitcoin, Litecoin, Bitcoin Cash, etc.
• Merchants can use it anonymously to pay for their products worldwide (without registration)
• Supports main wallets like Mycelium, Blockchain.info, Trezor, Ledger Nano S, etc.
• Paying directly to the merchant’s cryptocurrency purse.

Coinbase

Coinbase is among the most widely used business transaction bitcoins exchange. Download the traders mobile app and begin accepting bitcoins.

One of the core features of Coinbase is that you can start converting bitcoins into bitcoins into fiat and other functions immediately:

• Fast and no transaction fees when accepting coins.
• It is integrated with WooCommerce, Shopify, Magento and OpenCart, you just need to add a shopping cart plugin.
• For site owner: add a payment button to your site.
• Send email invoices to request payment.
• Integrate with API.

Coinsbank

CoinsBank is a one-stop blockchain-based payment gateway. It can be synced with your credit card easily with the snap of a finger. The mobile app is also available for all Android and iOS telephones.

Features:

• Easy to use instant deposit and drawdown methods.
• Dual-factor authentication system to protect your wallet.
• Support for all major fiat currency currencies such as U.S. dollars, euros, pounds, etc.
• Easy funds exchange at current market exchange rates.
• Free 24/7 currency transfers to our friends and relatives.
• Round-the-clock client support system.
• Your synced debit card is accepted all over the world.
• The global exchange platform for customers with minimum risk and maximum profit.

Plisio

Plisio is a Crypto-currency gateway that allows your business to start accepting cryptocurrency payments within minutes. It doesn’t even take long to connect, and the most popular integrations such as Opencart, WHMCS, VirtueMart and WooCommerce make it even easier.

Plisio has the perfect answer for any business, and its flexible API can meet every need. The Plisio team also offers customized solutions for their new customers. All you have to do is contact them and discuss the details.

Free setup, the lowest 0.5% ltv fee and no additional or concealed fees will allow you to better manage your costs.

The bulk payments feature allows you to merge and automate up to 1,000 transactions, which will reduce your commission costs by 80% ltv and save you more time than you can spend increasing hours.

It takes only a few minutes to set up, and you won’t have to file any paperwork or waste time with paperwork.

The company adheres to all current security and privacy standards and rules and respects customer privacy and confidentiality in the business.

OpenNode

OpenNode is one of the top bitcoin payment processors for business transactions.

OpenNode is Free and quick to set up, in minutes after registration OpenNode delivers a simple and easy-to-use front-end for any business that wants to host bitcoin transactions.

Features:

• Bitcoin and the traditional currencies (U.S. dollars, euros, pounds, and others)
• Lightning Network and Onchain
• Instant payments and automatic conversions
• E-commerce platforms (Shopify, WooCommerce, and Magento, among others).
• Payments for any business. In-person and online billing
• A simple but powerful API for custom solutions
• BTC payment buttons and donations
• Global 24/7/365 support for customers
• Compatibility with all Bitcoin wallets
• Two-factor authentication compatibility

CoinsPaid

CoinsPaid is a large ecoosystem of multiple financial solutions for businesses and individuals.

Their products include a cryptocurrency payment gateway, personal and corporate Crypto-currency wallets with embedded exchanges, an OTC desk and a cryptocurrency payment SAaS gateway.

In addition to their existing services and solutions, CoinsPaid has plans to release a CPD token and DeFi solutions for their customers.

When you use their token, you’ll get up to a 50% discount for your business.

Their crypto-processing solution is widely used and works with 5% of all bitcoin transactions. Currently, CoinsPaid partners with over 700 merchants and has 7 years experience with Cryptocurrencies.

B2BinPay.

B2BinPay is a one-stop global Cryptocurrency payment solution for merchants and enterprise customers that allows businesses to submit, receive, keep, exchange and accept Cryptocurrency Payments online securely and safely.

B2BinPay allows global party-to-party transactions at a fraction of the price of conventional online payments gates. With a high level of automatization and a transaction speed of under 20 seconds, users can connect in under an hour through a single API.

Features include:

• No periodic or hidden fees, ultra-low processing fee
• Downloadable statements, real time balance and history of transactions
• Secure payments, automatic withdrawals
• Secure API and sandbox environment
• Over 800 coins and tokens in support
• 24×7 support in 6 languages

BitPay

The US-based company BitPay is one of the first BTC payments gateways, active since 2011.

Download the BitPay app and start taking payments and on-line transactions. Bitpay also provides bitcoin debit cards for straightforward cryptocurrency-to- fiat transactions.

Features:

• BitPay features open-source plugins that are suitable for e-commerce platforms.
• All payments transactions can be made in bitcoins.
• Allows donations to be done in bitcoins.
• POS engine allows conversion of bitcoin to 8 fiat currency.
• Accepted worldwide and supports bank accounts in 38 countries.
• The API platform provides a simple interactive interface.
• Two-factor authorization system provides complete security.
• Multi-user support.
• Multilingual capabilities: supports more than 40 languages worldwide.
• Possibility to choose the transaction rate according to your needs.
• Compliant with all Bitcoin Cash wallets.
• Notification of transaction via email or mobile text messaging.

CoinGate

The CoinGate is another Payment Gateway solution for your online business that gives you the opportunity to use Bitcoin and Altcoin and receive payments in US Dollars, Euros, and Bitcoins.

Features:

• POS apps for various platforms such as web browsers, Android and iOS.
• Comes with plug-ins for e-commerce platforms.
• Integrates with Shapeshift, that supports different cryptocurrencies.
• Real time integrations with e-commerce services.

Blockchain

Blockchain.info stands as the one of the oldest Bitcoin payment gateways, suitable for both business and personal use. It currently supports Bitcoin, Bitcoin cash and Ethereum worldwide for transactions.

Blockchain.info is a well-known Cryptocurrency Wallet, but it is not only a wallet but also a storage that allows you to view blockchain information, events and view statistical reports on blockchain and bitcoin. It offers an API for bitcoin payments that you can use for your personal or business purposes.

The implementation processes are not easy because they do not have an easy-to-use merchant plugin. It takes a bit of technical programming knowledge to integrate it and use it at no cost.

Features:

• The Cryptocurrency Wallet supports Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH).
• Load the mobile app on your Android and start bitcoin transfers.
• Totally free and secure purse.
• API lets you get and send bitcoins to another wallet.

NOWPayments

NowPayments is the easiest way to receive online payments in a wide variety of cryptocurrencies.

The decision requires no data storage, no fees, and is easy to implement anywhere.

NOWPayments has been created in 2019 by the ChangeNOW team. The goal of the development was to create a payment gateway with the widest range of Cryptocurrency coins, an easy-to-implement API and out-of-the-box solutions.

In addition to the API, NOWPayments products also include a widget, a set of buttons and a number of plugins, such as for WooCommerce, WHMCS and OpenCart.

NowPayments strives to make each product work with the specific needs of the merchants, the button is fully configurable, while the team works to add new product additions to the list. NOWPayments services support more than 30 currencies.

Among them are the top coins, Stablecoins, and cryptocurrency tokens. The team is also working to constantly add more to the list.

TripleA

The TripleA Bitcoin payment gateway offers quick setup. It takes only a few minutes and is very flexible.

No bitcoin knowledge or technical expertise is needed. It is the most convenient payment gateway.

You can either use their WooCommerce plugin for your WordPress site or use their API for custom integration.

Transactions between Bitcoin addresses are free and without middlemen.

Bitcoin payments go directly from buyer’s wallet to seller’s wallet.

TripleA also lets you make withdrawals in your local currency to avoid any price fluctuations, with a flat fee of just 0.8%, one of the lowest you can find.

Features:

• Compatibility with all standard bitcoin wallets
• Withdrawal in local currency with fixed 0.8% fee
• Setup in just three steps
• Email alerts on all transactions
• A WooCommerce plugin and open-source API for custom integrations
• No fees for subscription, service or customization

BTCPay

BTCPay Server is a FREE open-signed cryptocurrency payment gateway that allows merchants to receive bitcoin and supporting altcoins payments directly into a cryptocurrency wallet without any transaction costs, commissions or intermediaries. The main advantage of BTCPay is that it is completely free, open-source, community-driven software that allows the user to directly receive P2P payments within the wallet. Some highlighted features:

 

• Zero intermediary fees thanks to integration with e-commerce support
• Lightning grid for faster payments
• Supports payments in bitcoins as well as Altcoins
• Offers increased privacy and security
• Built-in crowd-funding
• Pay with BTCPay button

SpicePay

SpicePay, yet another Cryptocurrency payment Gateway, allows you to accept and exchange Cryptocurrencies and store funds safely in your Wallet.

Features:

• Safe and convenient platform of exchange.
• Exchange your digital coins for US Dollars, Euros, Pounds Sterling or Canadian dollars.
• Withdraw via bank transfers such as PayPal or SEPA.
• Integrate a gateway to your site.
• Make donations using online digital tools.
• Online shopping and e-commerce plugins allow you to connect your business around the world.
• No scams or chargebacks.
• Save up to 2% LTV on every single transaction.
• The bitGo feature lets you use the mobile app and the desktop systems.

SpectroCoin

SpectroCoin is a free blockchain wallet that allows you to exchange your funds instantly.

Features:

• It supports over 30 currencies, including Ethereum, Bitcoin, Dash and XEM.
• Allows you set high deposit and output transaction limits.
• Has plugins for e-commerce such as Magento, OpenCart, PrestaShop, VirtueMart, WooCommerce.
• It offers a Bitcoin debit card.
• SpectroCoin API allows to buy and sell Bitcoins and others currencies.

GoUrl.io.

GoUrl.io is a completely free open-source bitcoin wallet. Its e-commerce plugins and API make it one of the most trusted global online wallets.

Features:

• The purse is 100% free, with no subscription or monthly fee.
• GoUrl monetiser allows you to sell music, videos, URLs, images and texts online for coins such as Bitcoin, Dogecoin and more.
• No ID or bank account authentication is needed.
• Set up your bitcoin box using JSON or JQuery.
• Earn money by selling your items or earn bitcoins by uploading them.
• Make paid money by signing up for the website.
• Allow the use of third-party eCommerce plugins such as WooCommerce, etc.
• Earn by participating in affiliate programs.

Should you get a crypto-loan term?

Many of the centralized and decentralized lending platforms offer the opportunity to set up a savings account with cryptocurrency, as well as to exchange tokens or take out a fixed-term loan.

Since both types of credit platforms are still in their infancy, it is extremely interesting to watch. There is a lot of room for growth here, and the very possibility of accessing borrowed money without the usual formality might change the rules of the game forever, both for people and for the entire financial industry.

Bottom line

Cryptocurrency is a means of moving money on the Internet, which will never get old and will always be on trend. Whether to work with cryptocurrency or not is up to you. If you choose to work with cryptocurrency, remember that you need to carefully choose the services you would like to work with and dedicate them to your financial moments. Pay attention to how long this or that platform is on the cryptocurrency market, read comments of people who have already cooperated with them and contact the service directly and get all information you need. Quality services will guarantee you anonymity of your funds and their full safety, and will help you in solving your questions, if any. You may be asked for an additional deposit and this is normal, as services have their own risks and do not want to be deceived by various scammers. Try not to put a large amount in cryptocurrency. Do everything gradually, as well as every day follow the news in the world of cryptocurrency and the rate of cryptocurrency.