Loan

DOGS

Loan

DOGS loans.
Borrow against DOGS.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

Wallet for Android

Wallet in Telegram

Wallet in browser

How do loans backed by DOGS works

Crypto loans provide a straightforward option for both borrowers and lenders. By using their cryptocurrency as collateral, borrowers can obtain loans in USDT while retaining ownership of their digital assets. This approach removes the necessity for credit checks and extensive paperwork, streamlining the process, making it quicker and more budget-friendly.

Lenders can place their cryptocurrency, such as DOGS (DOGS), into a specific account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring a secure transaction. Acting as a reliable intermediary, they safeguard the interests of both parties involved.

Borrowers gain access to funds without the need to liquidate their cryptocurrency, which is particularly advantageous during market volatility, helping them avoid potential losses. The lending model also simplifies the process and eliminates credit checks.

Lenders generate interest from their deposited amounts via loan repayments, allowing them to benefit financially from their cryptocurrency holdings. This creates a mutually advantageous arrangement where borrowers receive financial support and lenders earn rewards from their investments.

The Beast platform controls the interactions between borrowers and lenders, while blockchain technology guarantees secure transactions without the need for third-party involvement. This minimizes the risk of fraudulent activity and fosters a safe environment for lending.

DOGS 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

Borrow crypto

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 DOGS? Borrow usd against DOGS on Beast

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

To authorize an DOGS 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.

DOGS lending

Lending with DOGS has gained immense traction among cryptocurrency enthusiasts seeking to unlock funds. Through DOGS loans, individuals can leverage their DOGS assets, granting them immediate liquidity without needing to liquidate their holdings. These DOGS loans are secured by the worth of the borrower’s DOGS, creating a reliable lending framework. Borrowers can effortlessly acquire a DOGS loan and utilize the funds for a range of needs, such as investing, settling bills, or even launching a startup. This groundbreaking approach to DOGS lending presents new avenues for individuals to maximize their DOGS assets and secure essential capital.

DOGS as a collateral

DOGS, or DOGS, has risen as a favored option for loans backed by crypto assets. Through DOGS lending platforms, people can either borrow DOGS or lend out their DOGS to make interest. These loans let users leverage their DOGS assets to get immediate access to cash without parting with their investments. Borrowers can also secure USD loans using DOGS, which adds to their flexibility and cash flow. But how do DOGS loans function? Essentially, users deposit their DOGS as collateral, and depending on its worth, they can obtain a loan. These quick payday crypto loans offer a practical choice for those needing fast funds while holding on to their DOGS investments.

Interest rates for loans secured by DOGS.

At Beast, we recognize how crucial it is to have competitive interest rates. That’s the reason we provide crypto loans at a notably appealing rate of 9%. Whether you're seeking funds for personal use or business ventures, our low-interest loans serve as an economical option for obtaining liquidity while keeping your treasured cryptocurrencies intact.

One standout aspect of Beast's crypto loans is the way collateral is handled. If a borrower fails to repay the loan, the collateral DOGS stays with us, allowing the borrower to retain the Tether USDT provided. This approach ensures a fair method of loan recovery, offering advantages for both parties involved.

To counteract the risk of DOGS losing value, Beast incorporates an automatic liquidation system. Should the collateral's worth drop below a set limit, the loan will undergo liquidation. This preventive measure safeguards both the lender and borrower from possible losses amid a market downturn.

Transparency and ease of use are valued at Beast. Our clients can effortlessly track their loan status through our intuitive interface. Furthermore, borrowers have the option to increase their collateral, repay their loan early, or close their loan by paying back the borrowed sum along with any interest accrued.

If you’re curious about securing a loan with cryptocurrency, Beast provides instant coin loans. You can leverage DOGS as collateral and receive Tether USDT. Our crypto-backed loans are a fast and practical remedy for your financial requirements.

Borrow crypto

Why choose DOGS 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 DOGS Crypto Loan?

Beast DOGS 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 DOGS 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 DOGS 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 DOGS 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.

Can't find the answer to your question? Visit our support center