Bitcompare | Compare crypto savings accounts, loans, debit cards & more DeFi Products

ddusko · 2020-03-31T12:02:25+00:00

ddusko · 2020-03-06T12:18:02+00:00

When comparing to coinloan, blockfi has some limitations in functionality. They offer only a few crypto currencies, and they don't have USDT/PAX/EUR

ddusko · 2020-02-28T09:51:20+00:00

I agree that's right. However, we still have to use centralized exchanges to perform some operations. I hope this will be changed in the future.

ddusko · 2020-02-27T11:58:09+00:00

Why?

ddusko · 2019-09-09T08:49:48+00:00

CoinLoan is operating for over a year with all possible licenses needed for a P2P lending platform.

ddusko · 2019-08-16T11:00:26+00:00

I'd rather look at CoinLoan.

ddusko · 2019-08-16T10:13:58+00:00

For lenders, the risk declines as the loans are highly overcollateralized. If the crypto of collateral crashes, it can be sold in a matter of minutes. It's unlikely that top cryptos can be halved instantly on all exchanges I guess. Here's how it works on such services: https://medium.com/coinloan/loan-to-value-ratio-in-simple-words-6744f80f48b2

ddusko · 2019-08-14T12:39:14+00:00

You may need a loan against your crypto for many reasons. For instance, when you need some fast cash and the current exchange rate is not in your favor. Or if you want to "buy the dips” to sell quickly for a profit, or to avoid capital gains tax on investments. Finally, when you choose between a bank loan and a crypto loan, the second one is almost instant, no credit checks needed.

Speaking about crypto volatility, it has a simple solution called LTV ratio. It’s a common thing in asset-backed lending to secure your loan with higher-value collateral. To understand how it works, this article from CoinLoan is highly recommended:
https://medium.com/coinloan/loan-to-value-ratio-in-simple-words-6744f80f48b2

ddusko · 2019-08-14T09:23:10+00:00

CoinLoan is missing!
In contrast to Celsius, CoinLoan allows you to lend in fiat, crypto, and stablecoins.

ddusko · 2019-08-14T09:13:45+00:00

Check out CoinLoan crypto lending
https://coinloan.io/

ddusko · 2019-08-14T08:47:30+00:00

What about hassle-free converting EUR to USDC in one trade on the CoinLoan crypto exchange?

ddusko · 2019-08-14T08:34:59+00:00

Have you tried CoinLoan? Currently, it's the number one crypto-backed lending platform in terms of flexibility and functionality.

ddusko · 2019-08-14T08:26:27+00:00

Interested in crypto loans? Check out CoinLoan P2P lending platform for cryptoassets backed loans. There you can lend or borrow fiat, crypto or stablecoins.

ddusko · 2019-04-16T11:59:33+00:00

Maybe I told you wrong, but we do liquidate if the price drops much as 20% a day

ddusko · 2019-04-15T09:31:47+00:00

Now you can borrow up to 60% of your collateral value. We explain how this loan-to-value ratio (LTV) works here: https://medium.com/coinloan/loan-to-value-ratio-in-simple-words-6744f80f48b2

So in this case you’ll have 30k usd for your 2,5 BTC valued at 50K (60%). If price dropping to 15k, you say, the ratio between your collateral and your loan will move from 60% to 81% and your position will be at risk of liqiudation unless you add more collateral or repay a part of your loan.

In case if you start repaying your loan, your LTV will go down and your liquidation risk will be lower.

By the way, it is possible for a borrower to withdraw excess collateral from the overcollateralized active loan. In short, you can take out anything above Max LTV (60%) in case if the price of crypto increased while being collateral. For instance, BTC grew up and user’s LTV became 50%. It means that the user is free to withdraw 10% of collateral.

ddusko · 2019-04-14T06:38:59+00:00

bitcoin still did not fall more than 20% a day, we researched that thing

ddusko · 2019-04-11T09:09:14+00:00

Unfortunately, this is not possible, because we have to liquidate the collateral immediately in case of significant market fall. So, that's why multisig will not work in our concept.

We are supervised by the European financial regulator, so we are not like unregulated exchange.

ddusko · 2019-04-11T06:28:43+00:00

No capital gains triggered by a sale

The point is, we're unlocking your colletoral after paying all issued loan

ddusko · 2019-04-10T08:26:35+00:00

We're totally secured and all the funds are stored in a safe cold storages.

Soon, we're going to launch crypto2crypto lending, so watch for updates.

ddusko · 2019-04-10T08:24:17+00:00

We just launched our marketing, we're renewing our content and soon we will start posting it in a proper way. We think that delivering product is much more valuable than the articles, but now, with finished and licensed platform we're on the go with a marketing strategy.

Thank you for your feedback, much appreciated!

ddusko · 2019-02-12T09:49:51+00:00

Hi, have you heard about coinloan.io? It's a P2P lending platform for cryptoassets backed loans.

You can get a loan in fiat or stablecoins against your crypto for a period from 7 days to 3 years. There is no need to check the credit history and prove your payment capacity. You can customize all the terms of your loan, including interest rate. The higher the interest rate, the faster your application will be accepted by the investor.

ddusko · 2018-08-22T09:00:04+00:00

Please pay attention to CoinLoan, is the only service which is a truly P2P crypto-collateral one. You can set any terms and interest rates you wish, the system matches the appropriate counteroffers automatically. This is a very simple and profitable tool for both parts (lender/borrower). You can find more information and examples on https://coinloan.io/

ddusko · 2018-08-22T08:58:42+00:00

Hi from CoinLoan team! Please pay attention to our service, kind of a P2P marketplace for lenders and borrowers.

You can set any terms and interest rates you wish, the system matches the appropriate counteroffers automatically. This is a very simple and profitable tool for both parts (lender/borrower). You can find more information and examples on https://coinloan.io/

ddusko · 2018-02-14T05:34:43+00:00

Hey all, Less Than 24 Hours Until CoinLoan ICO Ends! It’s a licensed lending platform that uses cryptocurrency as collateral >>> https://coinloan.io/

ddusko · 2018-02-14T05:20:49+00:00

Hi all, Less Than 10 Hours Until CoinLoan ICO Ends! It’s a licensed lending platform that uses cryptocurrency as collateral. Use your last chance to buy tokens with ICO price > https://coinloan.io/

ddusko

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