Topic: Borrow Money with a Bitcoin Guarantee (Read 1267 times)
Yeh you're right, this is a new service, launched last April, and doesn't have a reputation yet, and your opinions have opened my mind, to avoid this site. thanks
The popularity of crypto assets throughout the world has attracted the interest of many companies involved in it. One of the new arrivals from London, England is Elquirex. In addition to offering speed in trading, Elquirex has a feature "borrow money" guaranteed crypto assets, including Bitcoin.
Crypto asset exchange management companies do have to think extra hard to attract users. If the trading speed feature is common, the "borrow money" feature might be a new custom alias new normal.
The matter of borrowing money (Cryptoloans) is referred to as the relative superiority of Elquirex compared to other players. You simply pledge (guarantee) your Bitcoin (BTC) or Ether (ETH), then you can get money and be transferred through Perfect Money (PM) services worth US dollars.
Elquirex provides loans to users with a relatively small interest rate. Prospective borrowers do not need to include any additional information, including loan history information elsewhere. Users simply prepare a guarantee of crypto assets, we save, then the user gets the loan in US dollars.
As of June 8, 2020, based on the Cryptoloan calculator provided by Elquirex, to borrow US $ 1000, for example, the guaranteed Bitcoin / collateral is 0.171504 BTC (with an exchange rate on June 8, 2020).
So to have money you don't need to sell your Bitcoin, just borrow money with a guarantee of Bitcoin and Eth.
https://cryptoloan.elquirex.net
Looks like a really new service that joined the market recently. I would advice everyone to stay away from it. At least for now. You never know when they will end up scamming peoples coin. Like the other user mentioned (from their ToS), they will be "going through strict" checks, which means they will be holding your coins longer than you expect and can seize it anytime.Crypto asset exchange management companies do have to think extra hard to attract users. If the trading speed feature is common, the "borrow money" feature might be a new custom alias new normal.
The matter of borrowing money (Cryptoloans) is referred to as the relative superiority of Elquirex compared to other players. You simply pledge (guarantee) your Bitcoin (BTC) or Ether (ETH), then you can get money and be transferred through Perfect Money (PM) services worth US dollars.
Elquirex provides loans to users with a relatively small interest rate. Prospective borrowers do not need to include any additional information, including loan history information elsewhere. Users simply prepare a guarantee of crypto assets, we save, then the user gets the loan in US dollars.
As of June 8, 2020, based on the Cryptoloan calculator provided by Elquirex, to borrow US $ 1000, for example, the guaranteed Bitcoin / collateral is 0.171504 BTC (with an exchange rate on June 8, 2020).
So to have money you don't need to sell your Bitcoin, just borrow money with a guarantee of Bitcoin and Eth.
https://cryptoloan.elquirex.net
Though how are they going to benefit themselves? What if the person who took loan, defaulted when he saw the price of his crypto fall?
The funny parts:
On the front page:
Most of those platforms somehow "forget" to tell people one thing, about liquidation.
So, if BTC drops as it did in March they are going to sell your coins the moment it goes below 110% or 105% of the sum you borrowed.
So, a crash might burn your coins and you are also in the situation where it's impossible to sell at a higher value, your money is trapped and all you can do is watch how it goes away.
On the front page:
Such a loan can be handy in some specific situations (which probably don't appear that often).
Most of those platforms somehow "forget" to tell people one thing, about liquidation.
So, if BTC drops as it did in March they are going to sell your coins the moment it goes below 110% or 105% of the sum you borrowed.
So, a crash might burn your coins and you are also in the situation where it's impossible to sell at a higher value, your money is trapped and all you can do is watch how it goes away.
Such a loan can be handy in some specific situations (which probably don't appear that often).
However, the site has been registered only a few months ago:
Where is the guarantee that you will get your cryptos back ?
I'd be careful with such new services. The risk of getting scammed by simply not getting your crypto back, exists ans is not negligible.
However, the site has been registered only a few months ago:
Code:
Domain Name: ELQUIREX.NET
Registry Domain ID: 2509445083_DOMAIN_NET-VRSN
Updated Date: 2020-04-03T11:39:48Z
Creation Date: 2020-03-31T11:38:52Z
Registry Domain ID: 2509445083_DOMAIN_NET-VRSN
Updated Date: 2020-04-03T11:39:48Z
Creation Date: 2020-03-31T11:38:52Z
Where is the guarantee that you will get your cryptos back ?
I'd be careful with such new services. The risk of getting scammed by simply not getting your crypto back, exists ans is not negligible.
The popularity of crypto assets throughout the world has attracted the interest of many companies involved in it. One of the new arrivals from London, England is Elquirex. In addition to offering speed in trading, Elquirex has a feature "borrow money" guaranteed crypto assets, including Bitcoin.
Crypto asset exchange management companies do have to think extra hard to attract users. If the trading speed feature is common, the "borrow money" feature might be a new custom alias new normal.
The matter of borrowing money (Cryptoloans) is referred to as the relative superiority of Elquirex compared to other players. You simply pledge (guarantee) your Bitcoin (BTC) or Ether (ETH), then you can get money and be transferred through Perfect Money (PM) services worth US dollars.
Elquirex provides loans to users with a relatively small interest rate. Prospective borrowers do not need to include any additional information, including loan history information elsewhere. Users simply prepare a guarantee of crypto assets, we save, then the user gets the loan in US dollars.
As of June 8, 2020, based on the Cryptoloan calculator provided by Elquirex, to borrow US $ 1000, for example, the guaranteed Bitcoin / collateral is 0.171504 BTC (with an exchange rate on June 8, 2020).
So to have money you don't need to sell your Bitcoin, just borrow money with a guarantee of Bitcoin and Eth.
https://cryptoloan.elquirex.net
Crypto asset exchange management companies do have to think extra hard to attract users. If the trading speed feature is common, the "borrow money" feature might be a new custom alias new normal.
The matter of borrowing money (Cryptoloans) is referred to as the relative superiority of Elquirex compared to other players. You simply pledge (guarantee) your Bitcoin (BTC) or Ether (ETH), then you can get money and be transferred through Perfect Money (PM) services worth US dollars.
Elquirex provides loans to users with a relatively small interest rate. Prospective borrowers do not need to include any additional information, including loan history information elsewhere. Users simply prepare a guarantee of crypto assets, we save, then the user gets the loan in US dollars.
As of June 8, 2020, based on the Cryptoloan calculator provided by Elquirex, to borrow US $ 1000, for example, the guaranteed Bitcoin / collateral is 0.171504 BTC (with an exchange rate on June 8, 2020).
So to have money you don't need to sell your Bitcoin, just borrow money with a guarantee of Bitcoin and Eth.
https://cryptoloan.elquirex.net
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