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BNB loans.
Borrow against BNB.

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What is BNB?

Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.

How do loans backed by BNB works

Crypto loans provide an easy solution for both borrowers and lenders. Individuals seeking funds can acquire USDT loans by pledging their cryptocurrencies as collateral while still retaining ownership of their digital assets. This removes the hassle of credit checks and extensive paperwork, streamlining the process and making it more cost-effective.

Lenders can invest their cryptocurrencies, like BNB, into a specific account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring that the process remains secure. They serve as a reliable middleman, safeguarding the interests of both parties involved.

Borrowers gain the advantage of accessing cash without having to liquidate their cryptocurrencies. This feature is particularly useful during market volatility, as it allows them to sidestep possible financial losses. The lending system also simplifies the borrowing process by eliminating the requirement for credit evaluations.

Lenders receive interest from their deposited assets as borrowers repay their loans. This setup enables them to earn profit from their cryptocurrency holdings, making it a mutually beneficial arrangement where borrowers secure loans while lenders gain returns.

The Beast platform oversees the engagement between borrowers and lenders, and blockchain technology guarantees secure transactions without third-party involvement. This diminishes the chance of fraud, fostering a safe lending atmosphere.

BNB Loan Calculator

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Loan amount

USDT

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Interest rate

15% per year

Monthly Interest Amount

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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 BNB? Borrow usd against BNB on Beast

The process of getting an BNB cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers BNB cryptocurrency lending services. Then, you need to provide your BNB 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 BNB 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 BNB? Borrow usd against BNB on Beast

To authorize an BNB 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 BNB Crypto Loans

BNB lending

Borrowing with BNB has become a favored option for those who hold cryptocurrencies and need cash. With BNB loans, users can use their BNB assets as collateral, granting them quick access to liquidity without selling their investments. These loans are secured by the worth of the BNB owned by the borrower, creating a trustworthy lending atmosphere. Now, borrowers can easily secure a BNB loan and spend the funds for a range of reasons, such as investing, settling bills, or launching a new venture. This groundbreaking approach to BNB lending has created fresh avenues for users to utilize their BNB assets and access vital funds.

BNB as a collateral

BNB has emerged as a favored option for loans secured by cryptocurrency. Through BNB lending platforms, users can either borrow BNB or lend their holdings to earn interest. These secured loans enable individuals to leverage their BNB assets, granting immediate access to cash without the need to liquidate. Borrowers even have the option to receive loans in USD against their BNB, enhancing their financial flexibility. So, how do BNB-secured loans function? Essentially, users deposit their BNB as collateral and, depending on its value, can obtain a loan. These quick-access crypto loans offer a handy solution for those in need of timely funds while preserving their BNB investments.

Interest rates on loans secured by BNB.

At Beast, we recognize how crucial competitive interest rates are. That's why we provide loans secured by cryptocurrency at an enticing rate of 9%. Whether you require funds for personal use or business purposes, our low-interest loans are a cost-effective way to access liquidity without needing to part with your precious crypto assets.

One standout aspect of Beast's crypto loans is the collateralization process. Should a borrower fail to repay the loan, the collateral BNB remains with Beast, while the borrower retains the Tether USDT granted to them. This arrangement ensures a fair and equitable method for loan recovery, advantageous for both sides.

To mitigate the risk associated with BNB's value drops, Beast incorporates an automatic liquidation system. If the collateral's worth dips below a set level, the loan will be liquidated. This proactive step safeguards both the lender and the borrower against potential setbacks during market declines.

Beast prioritizes transparency and ease of use. Our clients can effortlessly track their loan statuses via our intuitive interface. Furthermore, borrowers can choose to add more collateral, repay their loans early, or settle their loans by providing the borrowed funds along with the interest earned.

If you’re curious about obtaining a loan through cryptocurrency, Beast offers instant coin loans. You can secure funds against BNB and receive Tether USDT. Our crypto-backed loans deliver a swift and convenient resolution for your financial needs.

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Why choose BNB 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 BNB Crypto Loan?

Beast BNB 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 BNB 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 BNB 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 BNB 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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