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Binance USD

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Binance USD loans.
Borrow against BUSD.

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What is Binance USD?

Binance USD (BUSD) is a fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. BUSD are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD held in Paxos-owned US bank accounts. BUSD is also the one of three stablecoins approved by Wall Street regulators, alongside GUSD and PAX.

How do loans backed by BUSD works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can receive loans in USDT by putting up their cryptocurrency as collateral, all while retaining ownership of their digital resources. This process eliminates the necessity for credit assessments and lengthy documentation, making it quicker and more cost-effective.

Lenders can place their cryptocurrencies, such as Binance USD (BUSD), into a specialized account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring the process remains secure. They serve as a reliable middleman, safeguarding the interests of both sides.

Borrowers gain the advantage of accessing funds without needing to liquidate their cryptocurrency. This is particularly beneficial during market changes, helping them avoid possible losses. The lending system streamlines the borrowing process and does away with credit checks.

On the other hand, lenders earn interest on their deposited assets through loan repayments, enabling them to profit from their cryptocurrency holdings. This creates a mutually beneficial scenario where borrowers secure loans and lenders enjoy returns.

The Beast platform oversees the relationship between borrowers and lenders, while blockchain technology guarantees secure transactions without third-party intervention. This minimizes fraud risk and establishes a trustworthy lending atmosphere.

Binance USD Loan Calculator

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USDT

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Interest rate

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 Binance USD? Borrow usd against Binance USD on Beast

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

To authorize an Binance USD 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 BUSD Crypto Loans

Binance USD lending

The lending of Binance USD has gained immense popularity among cryptocurrency owners seeking funds. With Binance USD loans, users can leverage their BUSD assets, gaining immediate liquidity without needing to liquidate their investments. These loans are secured by the borrower's Binance USD value, creating a stable lending framework. Borrowers can seamlessly acquire a BUSD loan and utilize the funds for different needs such as investing, settling bills, or even launching a new venture. This revolutionary approach to BUSD lending has unveiled fresh opportunities for individuals to capitalize on their Binance USD holdings and secure essential funding.

BUSD as a collateral

Binance USD, commonly known as BUSD, has gained traction as a favored option for crypto-secured loans. Through Binance USD lending platforms, users have the opportunity to either borrow BUSD or lend their BUSD for interest earnings. Such loans allow users to tap into their BUSD assets without having to liquidate them. Borrowers can also secure loans in USD against their BUSD, offering increased flexibility and access to liquidity. So, how do BUSD loans function? In essence, users stake their BUSD as collateral, and depending on its worth, they’re eligible for a loan. These fast crypto loans offer a practical solution for those needing swift funds while keeping their BUSD investments intact.

Interest rates for loans backed by Binance USD.

At Beast, we recognize how crucial competitive interest rates are. That’s why we provide cryptocurrency loans at an appealing rate of just 9%. Whether it's for personal or business use, our low-rate loans offer a smart way to access cash without liquidating your precious cryptocurrencies.

One standout feature of Beast's crypto loans is the collateral process. Should a borrower fail to repay, the collateral in BUSD stays with Beast, while the borrower retains the Tether USDT they received. This creates a fair strategy for loan recovery, benefiting everyone involved.

To mitigate the risk of Binance USD losing value, Beast includes an automatic liquidation system. If the collateral's value dips below a specific limit, the loan will be liquidated. This proactive approach safeguards both the lender and the borrower against potential losses during market fluctuations.

Beast prioritizes transparency and ease. Our customers can effortlessly track their loan status via our straightforward platform. Moreover, borrowers can easily add more collateral, settle their loan early, or close their loan by paying back the borrowed sum plus interest accrued.

If you’re curious about obtaining a loan backed by cryptocurrency, Beast provides instant coin loans. You can borrow against Binance USD and receive Tether USDT in return. Our crypto-backed loans offer a fast and easy solution for your financial needs.

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Why choose Binance USD 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 Binance USD Crypto Loan?

Beast Binance USD 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 Binance USD 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 Binance USD 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 Binance USD 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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