Loan

Notcoin

Loan

Notcoin loans.
Borrow against NOT.

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How do loans backed by NOT works

Crypto loans provide a straightforward option for both borrowers and lenders. Borrowers can access loans in USDT by pledging their cryptocurrency as collateral, all while retaining ownership of their digital assets. This approach removes the necessity for credit evaluations and excessive paperwork, streamlining the entire process and making it more cost-effective.

Lenders can place their cryptocurrency, such as Notcoin (NOT), into a special account on the Beast platform. Here, a custodian supervises the connection between borrowers and lenders, ensuring a secure transaction. Acting as a reliable mediator, they protect the interests of both parties involved.

For borrowers, this means gaining access to funds without the need to liquidate their cryptocurrency. This is particularly beneficial during market changes, allowing them to avoid possible losses. The lending structure simplifies obtaining loans and eliminates the requirement for credit checks.

Lenders receive interest on their invested assets through loan repayments. This enables them to earn from their cryptocurrency holdings. Ultimately, it's a mutually advantageous arrangement where borrowers obtain loans while lenders reap rewards.

The Beast platform governs interactions between lenders and borrowers, with blockchain technology facilitating secure transactions without the need for middlemen. This minimizes the risk of fraud and cultivates a safe lending atmosphere.

Notcoin 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 Notcoin? Borrow usd against Notcoin on Beast

The process of getting an Notcoin cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Notcoin cryptocurrency lending services. Then, you need to provide your NOT 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 Notcoin 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 Notcoin? Borrow usd against Notcoin on Beast

To authorize an Notcoin 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.

Notcoin lending

Borrowing through Notcoin has gained traction among cryptocurrency enthusiasts seeking quick access to cash. With Notcoin loans, users are able to secure funds based on their Notcoin assets, allowing for instant liquidity without parting with their holdings. These NOT loans are supported by the worth of the borrower's Notcoin, providing a stable lending framework. Now, borrowers can easily acquire a NOT loan and apply the money towards various needs, such as investments, bill payments, or even launching a business. This groundbreaking method of NOT borrowing has created fresh possibilities for people to utilize their Notcoin assets and secure essential funds.

NOT as a collateral

Notcoin, abbreviated as NOT, has gained traction as a favored option for crypto-secured loans. Through Notcoin lending services, users can obtain Notcoin or lend theirs to earn interest. These loans enable individuals to borrow against their NOT assets, offering immediate access to cash without needing to sell. Borrowers can also take out loans in USD against Notcoin, granting them additional flexibility and liquidity. So, how do Notcoin loans function? Essentially, users secure their NOT as collateral, and based on its worth, they can acquire a loan. These speedy crypto loans offer a practical solution for those needing quick funds while keeping their Notcoin investments.

Interest rates on loans backed by Notcoin.

At Beast, we recognize how vital it is to have appealing interest rates. Therefore, we provide loans backed by cryptocurrency at an enticing rate of just 9%. Whether you're looking for funds for personal expenses or business ventures, our low-interest options offer an economical way to access cash without needing to sell your prized cryptocurrencies.

A standout feature of Beast's crypto loans is the collateral arrangement. If a borrower fails to repay, the collateral NOT stays with Beast, while the borrower retains the Tether USDT they received. This approach provides a fair and equitable method for recovering loans, benefiting everyone involved.

To mitigate the risks associated with Notcoin devaluation, Beast employs an automatic liquidation system. Should the collateral value drop beneath a critical level, the loan will be liquidated. This proactive strategy safeguards both the lender and borrower against potential losses during market declines.

Beast emphasizes clarity and ease of use. Our clients can effortlessly track their loan status via our intuitive platform. Furthermore, borrowers can add additional collateral, pay off loans early, or settle their loans by covering the borrowed amount plus any interest accumulated.

If you're curious about acquiring a loan using cryptocurrency, Beast offers swift coin loans. You can borrow against Notcoin and obtain Tether USDT. Our crypto-secured loans deliver a rapid and effortless solution for your financial requirements.

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Why choose Notcoin 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 Notcoin Crypto Loan?

Beast Notcoin 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 Notcoin 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 Notcoin 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 Notcoin 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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