BTCLOAN has launched an international platform where owners of Bitcoin and other cryptocurrencies can obtain a loan secured by their assets without selling them. The platform aggregates offers from institutional lenders, allowing borrowers to compare terms and choose the most suitable option.
Typically, the loan amount ranges from 65% to 70% of the collateral's value. The platform also utilizes a dynamic LTV assessment system. When determining terms, it considers credit repayment history, user activity on the blockchain, and the status of collateral assets. Users who have successfully repaid previous loans can expect more favorable conditions.
The BTCLOAN infrastructure includes verifiable asset custody, proof of reserves, and automated identity verification. Users also receive notifications via WhatsApp about the need to top up their collateral.
Loans are available in US dollars and USDT. Collateral can be in $BTC, ETH, XRP, SOL, and other digital assets. Among the service's partners are Tether, Galaxy, Cantor, Arch Lending, Lendary Asia, Ant Alpha, and Equities First.
Image: Magnific
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