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Ethereum

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Ethereum loans.
Borrow against ETH.

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What is Ethereum?

Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.

How do loans backed by ETH works

Crypto loans provide an easy answer for both borrowers and lenders. Individuals can acquire loans in USDT while using their cryptocurrency as collateral, allowing them to retain ownership of their digital assets. This approach removes the requirement for credit evaluations and excessive paperwork, expediting and lowering costs in the process.

Lenders can place their cryptocurrency, such as Ethereum (ETH), into a secure account on the Beast platform. A custodian manages the connections between borrowers and lenders, ensuring a reliable experience. They serve as a trustworthy middleman, safeguarding the interests of both sides involved.

This arrangement enables borrowers to access funds without needing to liquidate their cryptocurrency, which is particularly beneficial amid market volatility, helping them avoid loss. The lending model further streamlines the borrowing experience by eliminating credit assessments.

Lenders receive interest from their contributions through loan repayments, allowing them to benefit from their cryptocurrency holdings. This creates a mutually beneficial scenario in which borrowers receive necessary funds while lenders profit from their investment.

The Beast platform manages all interactions between borrowers and lenders, and blockchain technology guarantees secure transactions, minimizing fraud risks and fostering a safe lending atmosphere.

Ethereum 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 Ethereum? Borrow usd against Ethereum on Beast

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

To authorize an Ethereum 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 ETH Crypto Loans

Ethereum lending

Borrowing through Ethereum has gained significant traction among crypto investors seeking quick access to cash. With Ethereum loans, users can leverage their ETH assets, offering immediate liquidity without selling their investments. These loans are secured by the value of the borrower's Ethereum, creating a safe lending atmosphere. People can effortlessly secure an ETH loan and utilize the funds for different needs, such as investing, settling bills, or launching a business. This groundbreaking approach to ETH lending has unlocked fresh pathways for individuals to maximize their Ethereum holdings and secure essential capital.

ETH as a collateral

Ethereum, often known as ETH, has gained traction as a favored option for crypto-backed loans. Through Ethereum lending platforms, users can borrow ETH or lend their assets to earn interest. Such loans enable people to leverage their Ethereum holdings, offering immediate access to cash without needing to sell their investments. Borrowers can also obtain loans in USD using ETH as collateral, which enhances their financial flexibility. So, how do these Ethereum loans function? Users simply lock their ETH to secure the loan, allowing them to borrow based on the collateral's worth. These quick crypto loans serve as an effective tool for those needing urgent capital while keeping their Ethereum.

Interest rates for loans secured by Ethereum.

At Beast, we recognize how vital competitive interest rates are. That’s why we offer cryptocurrency loans at an appealing rate of 9%. Whether for personal needs or business ventures, our affordable loans give you an economical path to access the funds you need without having to liquidate your precious cryptocurrencies.

A standout aspect of Beast's crypto loans is our process of collateralization. If a borrower fails to repay, the collateral ETH stays with Beast, while the borrower retains the Tether USDT they received. This approach ensures fairness and balance in loan recovery, helping both sides.

To safeguard against the risk of Ethereum devaluation, Beast implements an automatic liquidation system. Should the value of the collateral drop past a set point, the loan will undergo liquidation. This proactive strategy helps shield both lenders and borrowers from possible losses during market declines.

At Beast, we prioritize transparency and ease of use. Our clients can effortlessly track their loan status through a straightforward interface. Moreover, borrowers can add more collateral, pay off their loans early, or settle the loan by returning the borrowed amount plus interest accumulated.

If you're curious about obtaining a loan with cryptocurrency, Beast offers instant coin loans. You can leverage your Ethereum to receive Tether USDT. Our crypto-backed loans present a fast and convenient solution for your financial needs.

Borrow crypto

Why choose Ethereum 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 Ethereum Crypto Loan?

Beast Ethereum 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 Ethereum 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 Ethereum 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 Ethereum 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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