Topic: [ANN][AIRDROP]Crest Token - Crest DigiAd Platform that pays Daily Passive Income - page 14. (Read 9010 times)

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The idea of ​​granting loans secured by crypto currency is in the air for a long time. There are already several projects of this orientation. The most notable are saltlending.com, nexo.io, ethlend.io and coinloan.io. The project saltending.com is already working, the rest are either in the development phase or in the ICO phase.

All of them take coins from the top ten largest in terms of capitalization: bitcoin, bitcoin cash, Ethereum, Litecoin, Dash, Zcash, NEM and some others. The amounts of issuance are also different everywhere, on average it is 70%, 60% or 50% of the current market value of the collateral. In the future, banks can enter this market.

Suppose that the cost of your bitcoin is $ 8,500. You need money, but you do not want to sell a coin, because it is likely that in a few months its price will be $ 20,000.

Then you register on one of the services, determine the desired amount, send your deposit and receive money. When you no longer need this money, you can withdraw your coin.

In this case, you will return exactly the amount that you occupied, even if during this time the value of the pledge grew tenfold. It is more profitable and safe than selling a digital currency, and serves as a protection against volatility. In addition, if you bought bitcoin for $ 15,000, selling it for $ 8,000 is not a good idea.

In this light, laying bitcoin during the “bear market” will be the only opportunity to receive Fiat without losing funds due to the fall of the exchange rate.

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