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Litecoin

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Litecoin loans.
Borrow against LTC.

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What is Litecoin?

Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin.

How do loans backed by LTC works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can secure loans in USDT while using their digital assets as collateral, allowing them to retain ownership of their cryptocurrencies. This process eliminates the hassle of credit assessments and extensive paperwork, making it quicker and more cost-effective.

Lenders can invest their cryptocurrencies, such as Litecoin (LTC), into a specialized account on the Beast platform. A custodian manages the interactions between borrowers and lenders, guaranteeing a safe transaction. They serve as a reliable intermediary, ensuring that the interests of both sides are safeguarded.

Borrowers gain a significant advantage because they can access funds without the need to sell their cryptocurrencies. This is particularly beneficial during market ups and downs, helping them avoid any possible losses. The loan process is streamlined and does not require credit evaluations.

Lenders receive interest on their invested assets through the repayments of loans, allowing them to benefit from their cryptocurrency holdings. It's a mutually advantageous situation where borrowers secure loans and lenders gain returns for their involvement.

Beast's platform controls the dealings between borrowers and lenders, while blockchain technology guarantees safe transactions without the need for outside parties. This decreases the risk of fraud and creates a secure lending atmosphere.

Litecoin 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 Litecoin? Borrow usd against Litecoin on Beast

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

To authorize an Litecoin 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 LTC Crypto Loans

Litecoin lending

Litecoin lending is gaining traction among cryptocurrency enthusiasts seeking quick access to cash. By utilizing Litecoin loans, users can leverage their LTC assets to obtain immediate liquidity without the necessity of liquidating their holdings. These loans are secured by the worth of the borrower's Litecoin, fostering a safe lending atmosphere. Now, borrowers can effortlessly acquire a LTC loan and utilize the funds for different needs, such as investments, settling bills, or launching a new venture. This groundbreaking method of LTC lending has unlocked fresh prospects for individuals to maximize their Litecoin holdings and obtain essential funding.

LTC as a collateral

Litecoin, often referred to as LTC, has become a favored option for crypto-secured loans. Users can access Litecoin lending services to either borrow LTC or lend their Litecoins to earn interest. These loans enable individuals to leverage their Litecoin assets, giving them immediate access to capital without needing to sell their holdings. Additionally, borrowers have the option to secure USD loans using LTC, which enhances financial flexibility and liquidity. So, how do these Litecoin loans function? In essence, users pledge their LTC as collateral, and depending on its market value, they can obtain a loan. These payday crypto loans present a practical solution for anyone in need of fast funds while maintaining their Litecoin assets.

Interest rates for loans secured by Litecoin.

At Beast, we recognize the significance of attractive interest rates. That's why we provide loans backed by cryptocurrency at a remarkable rate of just 9%. Whether you're seeking funds for personal plans or business growth, our low-rate loans present an affordable way to access liquidity without the need to part with your valued cryptocurrencies.

A standout feature of Beast's crypto loans is our collateral process. If a borrower defaults, the collateral in Litecoin (LTC) stays with Beast while the borrower retains the Tether USDT they received. This creates a fair framework for recovering loans that benefits everyone involved.

To mitigate the risk of Litecoin losing value, Beast implements an automatic liquidation system. Should the value of the collateral dip below a set level, the loan will be liquidated. This proactive strategy safeguards both lenders and borrowers from potential financial setbacks during market declines.

Beast prioritizes transparency and user convenience. Our clients can effortlessly track their loan status via our easy-to-use platform. Moreover, borrowers have the flexibility to add more collateral, pay off their loans early, or settle outstanding balances along with any accumulated interest.

If you're curious about obtaining a loan with cryptocurrency, Beast offers instant coin loans. You can use Litecoin as collateral and receive Tether USDT in return. Our crypto-backed loans are a fast and efficient solution for your financial requirements.

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Why choose Litecoin 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 Litecoin Crypto Loan?

Beast Litecoin 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 Litecoin 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 Litecoin 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 Litecoin 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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