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Borrow against BTC.

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What is Bitcoin?

Bitcoin is the first distributed consensus-based, censorship-resistant, permissionless, peer-to-peer payment settlement network with a provably scarce, programmable, native currency. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay between full nodes, miners, and developers. It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world.

How do loans backed by BTC works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can access funds in USDT by putting up their cryptocurrency as security while retaining ownership of their digital assets. This approach eliminates the need for lengthy credit assessments and documentation, streamlining the process and making it more cost-effective.

Lenders can place their cryptocurrencies, such as Bitcoin (BTC), into a dedicated account on the Beast platform. A custodian manages the connection between borrowers and lenders, ensuring everything is secure. Acting as a reliable middleman, they make certain that the interests of both parties are safeguarded.

Borrowers gain access to cash without having to liquidate their cryptocurrencies, which is especially useful during volatile market conditions, helping them avoid possible losses. This lending model also simplifies the borrowing process and removes the necessity for credit evaluations.

Lenders can receive interest on the funds they deposit, benefiting from the repayments of loans. This creates a mutually beneficial scenario where borrowers obtain cash, and lenders gain from their cryptocurrency holdings.

Beast's platform governs the relationship between borrowers and lenders. Blockchain technology guarantees safe transactions without middlemen, lowering fraud risk and fostering a secure lending environment.

Bitcoin Loan Calculator

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USDT

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15% per year

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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? Borrow usd against Bitcoin on Beast

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

To authorize an Bitcoin 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 BTC Crypto Loans

Bitcoin lending

Borrowing against Bitcoin has gained traction as a favored method for crypto enthusiasts to secure funds. With Bitcoin-backed loans, individuals can utilize their Bitcoin assets for quick liquidity without selling them. These loans are supported by the value of the borrower's Bitcoin, creating a safe borrowing landscape. Now, users can conveniently access a Bitcoin loan to fulfill different needs, whether it's for investment, settling bills, or launching a new venture. This groundbreaking approach to Bitcoin lending has unlocked fresh avenues for people to utilize their Bitcoin and acquire essential funds.

BTC as a collateral

Bitcoin, often abbreviated as BTC, has gained traction as a favored option for loans secured by cryptocurrency. Through Bitcoin lending services, individuals can either acquire Bitcoin or lend their own to earn interest. This arrangement enables borrowers to use their Bitcoin assets as collateral, offering immediate cash without the need to liquidate. Furthermore, borrowers can obtain loans in USD against their BTC, enhancing their financial flexibility. So, how do these Bitcoin loans function? Users pledge their BTC assets, and based on current valuations, they can secure a loan. These quick crypto loans serve as an accessible way for users to maintain their Bitcoin investments while managing urgent funding needs.

Interest rates on loans secured by Bitcoin.

At Beast, we recognize how crucial competitive interest rates are. That’s why we provide loans secured by cryptocurrency with an appealing rate of just 9%. Whether you require funds for personal use or business ventures, our low-interest options offer an economical way to access cash without needing to sell your prized cryptocurrencies.

A standout aspect of Beast's crypto loans is our collateralization method. In the event that a borrower defaults, the collateralized Bitcoin stays with Beast, while the borrower retains the Tether USDT they received. This creates an equitable system for reclaiming loans, benefiting all participants involved.

To combat risks associated with Bitcoin depreciation, Beast has implemented an automatic liquidation system. If the value of the collateral dips below a specific limit, the loan will be liquidated automatically. This proactive strategy safeguards both borrowers and lenders from potential losses during market declines.

Transparency and convenience are core values at Beast. Our platform allows users to effortlessly track the status of their loan products through an intuitive interface. Furthermore, borrowers can increase their collateral, pay off the loan early, or settle the loan by repaying the borrowed sum plus interest.

If you're curious about obtaining a loan using cryptocurrency, Beast provides instant coin loans. You can secure funds against Bitcoin and receive Tether USDT. Our crypto-secured loans present a fast and practical solution for your financial requirements.

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Why choose Bitcoin 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 Crypto Loan?

Beast Bitcoin 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 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 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 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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