Loan

Bitcoin Cash

Loan

Bitcoin Cash loans.
Borrow against BCH.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Bitcoin Cash?

Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.

How do loans backed by BCH works

Crypto loans present an easy option for both borrowers and lenders. Borrowers have the chance to secure loans in USDT by pledging their cryptocurrency as collateral, all while retaining ownership of their digital assets. This approach removes the necessity for credit assessments and lengthy paperwork, resulting in a quicker and more cost-effective process.

Lenders can place their cryptocurrency, such as Bitcoin Cash (BCH), into a specific account on the Beast platform. The custodian manages the relationship between borrowers and lenders, ensuring a secure transaction. They serve as a reliable intermediary, safeguarding the interests of both parties.

For borrowers, this means accessing funds without having to liquidate their cryptocurrency, which is particularly advantageous during market volatility, thus helping them avoid possible losses. The lending method simplifies the loan process further by eliminating credit checks.

Lenders can earn interest on their deposited amounts from loan repayments, allowing them to profit from their cryptocurrency holdings. It's a mutual benefit where borrowers secure loans and lenders gain returns from their investment.

Beast's platform governs the interactions between borrowers and lenders, with blockchain technology guaranteeing safe transactions without the need for middlemen. This diminishes fraud risk and establishes a secure lending atmosphere.

Bitcoin Cash Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on Bitcoin Cash? Borrow usd against Bitcoin Cash on Beast

The process of getting an Bitcoin Cash cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Bitcoin Cash cryptocurrency lending services. Then, you need to provide your BCH as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Bitcoin Cash cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on Bitcoin Cash? Borrow usd against Bitcoin Cash on Beast

To authorize an Bitcoin Cash Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about BCH Crypto Loans

Bitcoin Cash lending

Borrowing with Bitcoin Cash has gained traction among cryptocurrency enthusiasts seeking quick access to cash. By securing loans against their Bitcoin Cash assets, users enjoy immediate liquidity without having to part with their holdings. These BCH loans are supported by the value of the borrower’s Bitcoin Cash, creating a safe lend-and-borrow experience. Now, obtaining a BCH loan is effortless, allowing individuals to utilize the funds for multiple needs, such as investing, settling bills, or even launching a startup. This pioneering approach to BCH borrowing offers new avenues for users to make the most of their Bitcoin Cash and secure essential resources.

BCH as a collateral

Bitcoin Cash, known as BCH, has emerged as a favored option for crypto-secured loans. Through Bitcoin Cash lending services, users have the opportunity to either borrow BCH or lend it out to earn interest. These loans enable individuals to leverage their Bitcoin Cash assets, offering immediate access to cash without needing to liquidate their holdings. Furthermore, borrowers can also obtain loans in USD using their BCH, enhancing their financial flexibility. So, how do Bitcoin Cash loans function? Essentially, users pledge their BCH as collateral, and depending on its worth, they can secure a loan. These cryptocurrency payday loans provide a practical way for users to quickly access cash while still holding onto their Bitcoin Cash investments.

Interest rates for loans secured by Bitcoin Cash.

At Beast, we recognize how vital competitive interest rates are. That’s why we provide cryptocurrency loans at a very appealing rate of 9%. Whether you require funds for personal use or business endeavors, our low-interest loans are a cost-efficient way to access cash without parting with your precious cryptocurrencies.

A standout feature of Beast's crypto loans is our collateralization approach. If a borrower cannot repay the loan, the collateral in BCH stays with Beast, while the borrower continues to possess the Tether USDT given to them. This method guarantees a fair and reasonable recovery process, benefiting both the lender and the borrower.

To mitigate the risk of Bitcoin Cash losing value, Beast has a built-in automatic liquidation system. If the collateral’s value dips below a certain point, the loan will be liquidated. This precaution safeguards both parties from losses in the event of a market decline.

Transparency and ease of use are highly valued at Beast. Our clients can effortlessly track the status of their loans through our intuitive platform. Plus, borrowers have options to add more collateral, pay off their loans early, or close their loans by settling the borrowed amount plus any interest accrued.

If you're curious about obtaining a loan with cryptocurrency, Beast offers immediate coin loans. You can secure funds by borrowing against Bitcoin Cash and receive Tether USDT. Our crypto-backed loans provide a fast and simplified solution for your financial requirements.

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Why choose Bitcoin Cash Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast Bitcoin Cash Crypto Loan?

Beast Bitcoin Cash Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast Bitcoin Cash Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast Bitcoin Cash Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast Bitcoin Cash Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

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