22 Best Crypto Lending Programs Rated & Reviewed List.
As bitcoin moves into the mainstream financial world, the demand for reputable cryptocurrency lending programs is on the rise as they are a great way for investors to earn dividends and get crypto loans. Let's take the time to review the best crypto lending platforms to secure a loan and generate investment profits.
Earning by Hodling: Crypto Dividend Investing Platforms.
By now, it should be no secret that smart investors make their money work for them. By placing your money in the right programs and platforms, it can quickly multiply.
We all know about savings accounts and stock markets. However, a growing number of decentralized finance (#DeFi) companies now offer a crypto dividend and investment platforms.
By taking advantage of these top bitcoin lending and crypto loans platforms, you can watch your cryptoasset savings multiply without actually selling your cryptocurrencies. Some of these offers let you invest crypto and earn interest directly, while other blockchain-based platforms give you the opportunity invest fiat and earn crypto as interest. No matter if you're a borrower or lender, there are beneficial advantages to be had.
Simply put, yes, you can earn money just by hodling and generating a return on your investments. Keep reading to discover the best crypto dividend and investment platforms available today.
Salt Lending – Crypto-Backed Loans.
Salt is one of the best-known crypto lending platforms available today. The platform lets you use crypto as collateral to secure a loan ranging from $5,000 to $25 million.
This unique lending system serves as a convenient source of capital for those whose projects would otherwise be turned away by banks and other prospective investors. However, make sure you check interest rates before you take out the loan. Standard APRs range from 14% to 15.95%, which is significantly higher than any conventional lender.
Of course, the high APR is the trade-off for accessing an unconventional source of capital: you can potentially access an enormous amount of money without a credit check or similar steps.
You’ll need to deposit cryptocurrencies into Salt as collateral. Approved digital assets include Bitcoin, Ethereum, Litecoin, Dash, Dogecoin, USDT and 幣安vs Coinbase Pro True USD.
Salt makes it easy to make an initial calculation showing you the typical APR, borrowing amount, and monthly payments. However, there’s a small disclaimer attached to this calculator:
"Loan Calculator does not constitute the offer, availability, or application for a loan. Loan options and terms selected may not be available in your jurisdiction, for your loan amount, and or collateral type. Loan Calculator assumes maximum use of "SALT Redemption" and all other applicable promotions."
Why use Salt? Some people find it convenient to consolidate all of their blockchain-based assets to obtain one simple loan. The main advantage, of course, is that you can access funding you would not be normally able to get. Good luck trying to find a conventional bank willing to accept your crypto as collateral.
Salt, which stands for Secured Automated Lending Technology, also has its own native token called SALT. As a SALT token holder, you get access to preferential interest rates.
Salt also distinguishes itself from competitors on this page by focusing exclusively on lending. Here’s how the company sums up the main benefits of its platform:
"To repay the loan, you make monthly payments of principal plus interest. A loan gives you the flexibility to make big purchases, then pay it off at a pace that makes sense for you." – SALT Team.
Be sure to check out the SALT platform right here.
Crypto.com – The All in One Crypto Platform & Wallet.
While SALT focuses mostly on loans, Crypto.com offers a multi-purpose platform and mobile application with all types of functions.
Having been established in 2016, one of its fundamental values is that financial autonomy should be an inalienable human right of anyone. As a result, Crypto.com provides its users with a wealth of different tools to give users the ability to buy, sell, i-p & l binance trade, invest or binance com ID nkag mus borrow cryptocurrencies.
Just like the other platforms on this list, koin binance naon
there are some added bonuses which come with being a stakeholder in the platform’s digital currency (MCO). These bonuses include improved interest percentage rates (increasing investments IR's by more than 2% depending on the asset, and 4% lower for loans).
So what can you do with Crypto.com? There are 8 elements to the digital wallet.
You can set up and use a crypto or fiat wallet, for example. You can invest and track cryptocurrencies and assets, monitor payments made with the wallet, apply for a Visa crypto card, deposit crypto to obtain a loan, or deposit crypto to earn interest over time.
Crypto.com’s ‘Earn’ service lets users move any amount of their chosen crypto from their wallet to an escrow account within the app, then earn returns based on these holdings. These returns are paid to your crypto wallet weekly.
The amount of interest you can earn on these depends on the type of crypto you deposit, with stablecoins like Tether bringing in the highest returns (10-12%) and others like Bitcoin bringing in 6-8%.
You also gain more or less interest based on how long you intend to store your crypto. There’s a flexible version that pays 2 to 3% interest rates, for wenn binance uns offen example, and זענען באַנאַנס דיפּאַזאַץ רעגע a 3-month lock-in option that pays 6 to 12% interest rates.
Interest rates are also affected by how much MCO you plan to stake on the platform. If you stake 500 or more MCO ($1,500+), for example, you’ll unlock higher interest rates on your crypto holdings. You can even earn bonus rewards when staking less than 50 MCO ($150). All MCO tokens are returned to you after the staking period, so if you have some free capital, it’s a no-nonsense way to earn extra crypto.
Stakeholders of MCO also unlock benefits from the ‘Credit' system within Crypto.com. Depending on much you plan on staking in conjunction with your loan, your interest repayments could range from 8% to 12%. While this isn't the focus of Crypto.com, the company still allows you to borrow a maximum of $1 million in US Stablecoin in exchange for any of the supported cryptos within the platform.
Compared to others on this list, there's a great degree of flexibility in what you can do within the mobile app, and it really incentivizes you to be a stakeholder in it with some excellent benefits. We haven't even delved into the advantages that come with using its range of debit cards too.
For more information about the platform, be sure to read out in-depth article on it right here on MasterTheCrypto. Also, check out the platform for yourself and get investing right here.
Celsius – Loans and Credit for Blockchain Backers.
Celsius was initially established back in 2017 for a similar reason to Crypto.com: that users should not only have a higher level of autonomy over their money, but that they should also have other investment options beyond traditional banks.
Interest rates have been extremely low since the 2008/2009 recession, come funziona binance referral ranging from 0.5% to 2%. That’s why Celsius Network stands out: the platform emphasizes a flexible system of investment with more substantial annual returns for long-term investors.
These interest rates do fluctuate depending on a few factors, as we've come to expect from these kinds of platforms. But Celsius is a little different, in that the interest rates you can earn have an annoying tendency to fluctuate to some extent.
As part of a test of its mobile app, I had invested some money into stablecoins, specifically Tether, which initially enjoyed a 10.12% interest rate back in August.