What is Crypto Loan?
Crypto loans are amazing tools for two kinds of crypto users: first, those who need an amount to make profits on their trading, and second, those who hold crypto for the long term. With a crypto loan, users provide a certain amount of their cryptocurrencies as collateral and receive a loan in stablecoins in return. The loan-to-value (LTV) is set at either 50% or 70%, meaning that users receive 50% or 70% of the value of their collateral in the form of a loan. The annual percentage rate for Tokex’s crypto loans ranges from 12% to 16%.
How to Borrow Cryptocurrency?
To take out a crypto loan with Tokex, users must calculate their crypto-backed loan using different collateral and LTV options, then specify their payout address where they want to receive funds. Confirm it by phone or email.
Benefits of Crypto Loan
Crypto loans offer many benefits such as low monthly fees and the added security of a regulated exchange, enabling cryptocurrency enthusiasts to earn passive income from their digital assets while minimizing risk and protecting against the volatility of cryptocurrency prices.
Advantages of Using Tokex Exchange
Tokex is an ideal platform for obtaining stablecoins like USDT, USDC, and BUSD for trading or selling due to its low annual percentage rate ranging from 12% to 16%. Users can close their loans at any time, and if the price of their collateral falls to the liquidation level, the collateral will be automatically liquidated and the loan closed to protect against loss.
Conclusion
In conclusion, Tokex provides an innovative service allowing users to easily obtain stablecoins with low fees while minimizing risk through its automated liquidation processes which helps protect against losses caused by market volatility.