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Zcash

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Zcash loans.
Borrow against ZEC.

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What is Zcash?

Zcash is a privacy-preserving cryptocurrency providing anonymous value transfer using zero-knowledge cryptography. The protocol provides the option for transactions to be either shielded, in which case they will be completely anonymous, or transparent, in which case they will be visible on the Zcash blockchain. Zcash pays out a portion of its block rewards, called the "Founder's Reward", to fund protocol development. It currently allocates the Founder's Reward to the Electric Coin Company and the Zcash Foundation who develop and steward the Zcash protocol respectively.

How do loans backed by ZEC works

Crypto loans provide an easy solution for both borrowers and lenders. Borrowers can secure loans in USDT using their cryptocurrency as collateral, allowing them to retain ownership of their digital assets. This approach removes the need for extensive credit checks and paperwork, streamlining the process and making it more cost-effective.

Lenders can place their cryptocurrency, such as Zcash (ZEC), into a special account on the Beast platform. The custodian ensures smooth interactions between borrowers and lenders, making the process secure. They serve as a reliable mediator, safeguarding the interests of both sides.

Borrowers gain from this setup by accessing funds without needing to liquidate their crypto. This is particularly advantageous during market volatility, helping them dodge potential financial losses. The lending model also simplifies the loan process, eliminating the requirement for credit evaluations.

Lenders receive interest from their deposited assets through loan repayments, enabling them to benefit from their cryptocurrency holdings. It creates a scenario where borrowers acquire loans and lenders gain from their involvement.

Beast’s platform manages the connections between borrowers and lenders, while blockchain technology guarantees safe transactions without third-party interference. This minimizes the possibility of fraud and fosters a secure lending atmosphere.

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Loan amount

USDT

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Interest rate

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 Zcash? Borrow usd against Zcash on Beast

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

To authorize an Zcash 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 ZEC Crypto Loans

Zcash lending

Zcash lending has gained traction as a favored method for crypto enthusiasts to tap into funds. By utilizing Zcash loans, users can leverage their Zcash assets, granting them immediate liquidity without liquidating their holdings. These ZEC loans are secured by the value of the borrower's Zcash, which fosters a safe lending framework. Now, borrowers can effortlessly obtain a ZEC loan and allocate the funds for multiple purposes, such as investments, settling bills, or even launching a business. This groundbreaking approach to ZEC lending has created fresh possibilities for individuals to maximize their Zcash assets and access vital capital.

ZEC as a collateral

"Zcash, known as ZEC, is increasingly favored for crypto-backed loans. Through Zcash lending platforms, individuals can either borrow Zcash or lend their holdings to generate interest. These options enable users to leverage their Zcash assets, offering immediate financial resources without needing to sell. Borrowers can also secure loans in USD against their ZEC, enhancing their financial flexibility and liquidity. So, how do Zcash loans function? Users essentially pledge their ZEC as collateral, and based on its market value, they become eligible for a loan. These payday crypto loans offer a practical way for users to access cash swiftly while maintaining their Zcash investments."

Interest rates for loans secured by Zcash.

At Beast, we recognize how crucial competitive interest rates can be. That's why we provide loans backed by cryptocurrency at a very appealing rate of 9%. Whether you're seeking funds for personal use or for your business, our low-interest offerings present an economical method to access liquidity without having to liquidate your favorite cryptocurrencies.

One standout feature of Beast's crypto loans is our collateralization method. Should a borrower default, the collateral in ZEC stays with Beast, while the borrower retains the Tether USDT they received. This ensures a just and equitable way to handle loan recoveries, benefiting both borrowers and lenders alike.

To guard against the risk of Zcash losing value, Beast has implemented an automatic liquidation system. If the collateral's worth dips below a certain point, the loan will be liquidated. This forward-thinking strategy shields both lenders and borrowers from suffering losses during market fluctuations.

At Beast, we commit to transparency and ease of use. Our clients can effortlessly track the progress of their loan products through our intuitive interface. Furthermore, borrowers have the option to add more collateral, pay back their loan early, or close it by settling the amount borrowed along with any interest accrued.

If you’re curious about how to secure a loan with cryptocurrency, Beast offers instant crypto loans. You can borrow against Zcash and receive Tether USDT. Our crypto-secured loans provide a quick and efficient way to meet your financial demands.

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Why choose Zcash 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 Zcash Crypto Loan?

Beast Zcash 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 Zcash 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 Zcash 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 Zcash 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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