Loan

First Digital USD

Loan

First Digital USD loans.
Borrow against FDUSD.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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How do loans backed by FDUSD works

Crypto loans provide an easy option for both borrowers and lenders. With these loans, borrowers can acquire USDT by using their cryptocurrencies as collateral, enabling them to retain ownership of their digital assets. This process bypasses the need for extensive credit checks and paperwork, resulting in a quicker and more cost-effective experience.

Lenders can deposit cryptocurrencies, such as First Digital USD (FDUSD), into a specific account on the Beast platform. A custodian monitors the relationships between borrowers and lenders, guaranteeing a safe transaction furor. They serve as a reliable mediator, ensuring the interests of both parties remain secure.

Borrowers gain with this approach by accessing funds while avoiding the sale of their cryptocurrencies. This practice is particularly beneficial during market volatility, helping them sidestep possible losses. The loan system streamlines the borrowing experience and eliminates the necessity for credit assessments.

Lenders receive interest on their investments through repayments, allowing them to profit from their digital assets. This creates a beneficial scenario for all involved: borrowers receive loans while lenders see their investments grow.

The Beast platform facilitates transactions between borrowers and lenders, with blockchain technology enabling secure exchanges without extra intermediaries. This practice minimizes fraud risk and fosters a safe lending space.

First Digital USD Loan Calculator

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Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

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 First Digital USD? Borrow usd against First Digital USD on Beast

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

To authorize an First Digital 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.

First Digital USD lending

First Digital USD loans are becoming a favored option for crypto investors seeking quick cash. With these loans, users can secure funds by leveraging their First Digital USD assets, granting them immediate access to liquidity without needing to liquidate their holdings. These FDUSD loans are supported by the worth of the borrower's First Digital USD, creating a safe lending atmosphere. Obtaining an FDUSD loan is now simple, and borrowers can utilize the funds for various needs, such as investing, settling bills, or even launching a business. This progressive lending method has unveiled fresh chances for individuals to maximize their First Digital USD investments and tap into valuable resources.

FDUSD as a collateral

First Digital USD, commonly known as FDUSD, is gaining traction for crypto-backed loans. Users can borrow FDUSD or lend their holdings on lending platforms to earn interest. These loans enable borrowers to secure funds without needing to liquidate their First Digital USD assets. Additionally, borrowers have the option to take out loans in USD against their FDUSD, adding to their flexibility and liquidity. So, how do FDUSD loans function? Simply put, users immobilize their FDUSD as collateral, which then determines the loan amount they can access. These quick payday crypto loans offer a practical option for those in need of immediate funds while still protecting their First Digital USD investments.

Loans secured by First Digital USD have competitive interest rates.

At Beast, we recognize how crucial competitive interest rates are. That's why we provide loans backed by cryptocurrency at an appealing rate of just 9%. Whether you're looking for funds for personal use or business endeavors, our low-interest loans are a smart choice for gaining access to liquidity without parting with your valuable cryptocurrencies.

A distinct feature of Beast's crypto loans is the collateralization process. If a borrower fails to repay the loan, the collateral in FDUSD stays with Beast, while the borrower retains the Tether USDT they received. This approach ensures a fair recovery method, benefiting both the lender and the borrower.

To tackle the risk of First Digital USD depreciation, Beast implements an automatic liquidation system. If the value of the collateral dips below an essential level, the loan will be liquidated. This proactive step safeguards both parties from potential losses during market fluctuations.

Beast prioritizes transparency and ease of use. Our clients can effortlessly track their loan products through a friendly interface. Furthermore, borrowers enjoy the flexibility to increase their collateral, settle the loan early, or pay off the loan with the borrowed funds plus any interest accrued.

If you’re curious about acquiring a loan using cryptocurrency, Beast provides instant coin loans. You can borrow against your First Digital USD and receive Tether USDT in return. Our crypto-backed loans offer a swift and efficient solution for your financial requirements.

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Why choose First Digital 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 First Digital USD Crypto Loan?

Beast First Digital 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 First Digital 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 First Digital 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 First Digital 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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More coins

From First Digital USD to altcoins, our diverse range of supported assets provides you with the freedom to choose the perfect collateral for your loan