Top Crypto Loan Accounts – NuwWireInvestor – NuWire Investor

Top Crypto Loan Accounts – NuwWireInvestor – NuWire Investor

Crypto loans are the new hype in the market. Why? Let’s assume you have your savings account in a bank. Chances are, you are earning abysmal rates of interest. Most savings accounts today tend to offer interest rates less than 0.5% to their clients.

But imagine earning an annual percentage yield 10-20 times more than what you currently make. That would be excellent! With cryptocurrency loan platforms, such interest rates are possible. Moreover, it does not even require any exposure to risky assets like Bitcoins.

Read through this page to learn more about the best crypto loans and how do they work.

crypto loans

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What is Crypto Lending, and How Do Crypto Loans Work?

Cryptocurrencies involve digital assets with various uses, including securing loans. You have crypto loans with collateral to secure a loan, such as a car loan or mortgage. In such a loan, you get the ownership of your cryptocurrencies while paying your loan back.

The collateral is valid so that when you fail to repay the loan, it makes up for your collateral. However, you can only borrow up to 50% of your digital asset balance. But some cryptocurrency loan platforms would allow you to borrow up to 90% of your absolute value.

Depending on the platform you