2021-04-18 02:26:00

Now you can get loan on your cryptocurrency holdings like bitcoin

These loans come with no specific tenure and can be repaid any time. Interest at 12-15% per annum is lower than 12-24% charged by the banks on personal loans, along with a processing fee in the range of 2-3%.

Synopsis

Some ‘crypto banks’ have started offering credit lines to people who have digital currencies. People owning cryptos such as bitcoin, ethereum or ripple can pledge their holdings with crypto banks to get loans up to 50-60% of the asset value.

Own a bitcoin? Get a loan, if you need one, without any of the hassles that involve asking a bank.

Some ‘crypto banks’ have started offering credit lines to people who have digital currencies in their investment portfolios. People owning cryptos such as bitcoin, ethereum or ripple can pledge their holdings with crypto banks to get loans up to 50-60% of the asset value.

These loans come with no specific tenure and can be repaid any time.

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

Special Offer on ET Prime

Subscribe & get 30% off on 2-Year Plan

View Plans

Special Offer on ET Prime

Subscribe & get 30% off on 2-Year Plan

View Plans

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

empty message

empty message

empty message

empty message

empty message