Topic: 💰 💰 💰 CryptoCredex - loan secured by Bitcoin 💰 💰 💰 (Read 518 times)

Just one question, I don't know did anyone here ask before.

How about if the price of BTC drop and even lower than my loan amount? 

I have not seen references to the affiliate program on the project site.

Do you have any affiliate program?

What are the long-term plans of your company?

I think that first the check will be done manually, and with the growth of applications for a loan will be automatically.

How do you handle applications, manually or automatically?

Yes you are right. If the experience of using your service from the client's side was described, it would be excellent.

You need to ask your customers to leave feedback on your website, this will stimulate other potential investors to apply for a loan.

I'm interested too. Where did you withdraw funds, how quickly the transaction is processed?

Who then filed an application for a loan? Share your experience as it happens.

You deposit collateral in the crypto currency, so it is in your interest to return the loan.

Is this project open for international residences? If not, for which country you are working right now? What if I borrow $500 worth for 6 months and after six months that value goes up to $2000? Nobody wants to repay then.
Sounds like another great project. Will keep watching.

Hello!


We offer a loan of 50% or less (if the client wishes) of the value of the collateral. For example, the client offers us 1 btc (say, the price is 1 btc = 10 thousand dollars). Then he will be able to borrow any amount of money, but not more than 5 thousand dollars.
We do not offer a loan for more than 50% of the price of collateral because of the high volatility of bitcoin.



We do not plan an ICO and operate with our own capital.

I agree with most users, the service can be quite in demand. I wish good luck to the project team.

Yes, most likely it will be, it's quite demanded crypto assets.

Perhaps a team like that hedges the risks or set a limit on a certain loss.

It was stated that when you take a large loan amount you need to undergo the KYC procedure, regardless of which country you are a resident of.

And what restrictions can there be? Can not US citizens take credit?

Be careful with this.  Sending bitcoin to a site with a new user like this raises huge red flags for me.  No legitimate financial organization would secure a USD loan with an asset as volatile as BTC.  If I get a $1mil loan for btc and it drops 25% tomorrow, very few people would pay that back. 

I’m not convinced that you would ever actually see USD transferred to you in the first place until we get some veteran users vouching for the service. 

Are there any limits for USA citizens? For example KYC form

these coins are the most popular, every trader or crypto holder has them and as i've already told "according to their volatility"

Why do you sure in this?

they will find him, as they know his address

no) they don't provide this information. but i'm sure that they will be eth, Ltc and other coins according to their volatility

I'm interested , What happens if the borrower doesn't pay back the loan?

Thanks, and do you know what coins?

as i read in their white paper they're going add altcoins next year

When are you going to accept other coins except bitcoin?

I read your idea, it looks attractive, loans will always live, I wish good luck to your project

as i understand  - only bitcoin

Can i make loan with fait currancy or  btc,eth...?

Thank you, very informainve answers! Do you have any telegram chat?

oh, i thought that it was a sum which you have to pay every month, but not your percents
great idea, i considedr it motivate people to pay as soon as possible

they give the information about percents in the right corner of the calculator, 10% of the sum per months, it calls "pay interest"

Are you going to add the information about the percents which the borrower has to pay you to your calculating sistem on your website? Or don't you wanna to scare people? 

A fairly large amount is given on credit. How will this amount be transferred?

The website says that you can take a loan up to $ 2 million.

Tell me, what is the maximum amount I can take on credit?

You are right, everything is clearly visualized, the users of the platform will not have any difficulties in processing the application.

The site has an excellent calculator. Immediately visually see all the parameters of the loan before processing the application. The team did an excellent job. I think the project will be successful.

Of course you are right. Often happens such, that means are urgently necessary. For example, there was a favorable situation for entering the market and there is an opportunity to make good money. In this situation, I see the need for such services.

I got acquainted with the project. The idea is not really new. But the team approached this from the other side. And I believe that this service will be quite in demand among users.

Hello! As far as I understood correctly, any person can take credit after security. I can take out a loan for a certain amount, giving you the equivalent of this amount in crypto currency. And if at that time the cost of the deposit fell sharply due to high volatility, and the loan amount became more than a multiple of the collateral. An unscrupulous client can not return a loan. How do you plan to work with such risks?

It's good that you decided to provide users with this service, because Bitcoin is now not convenient to use as a payment tool.

The amount of collateral depends on the amount you want to borrow.

Thank you for your attention to our project CryptoCredex! We, as well as most of you, believe in the great future of the ideology of the Blockchain and that is why one of the first began to offer the possibility of lending under the crypto currency. So far this is only bitcoin, but in the coming months we plan to start a few more altcoins from the TOP 10 on world capitalization.

And now the answers to your questions.



We started offering lending since January 2018.


Absolutely true - it's not ICO ☺ We do not need millions, we have millions. And we are looking for people to whom these millions give on the security of crypto currencies.


In accordance with the AML policy, verification ID is mandatory. To take out a loan, please sign up to account. You can get 50% of the value of your bitcoin portfolio.


So far only bitcoin serves as collateral. In the future we will start to take a few more altcoins.


Possible loans for amounts and more than $ 2 million. We plan to launch the referral program later.


Calculator shows indicative data. To get the exact offer, please open an account.


Now this is a common practice and is dictated by international law.


Register the account please and you will see our legal documents and the conditions for obtaining a loan. They are one for all.


Our unique feature is speed, ease of issuing a loan and a unique opportunity to receive large sums. Our competitors are not ready to give out millions, we have such an opportunity.


The owner of bitcoins is the borrower. Therefore all potential gains and losses from x2 fall on him.



Thank you all for your questions!

This is very helpful but unfortunately the guarantee is very high, (5.8btc) for low consumers can not register because it does not have a lot of bitcoin as collateral.

On the site the team indicated that as a pledge only Bitcoin will be accepted.

What cryptocurrency do you accept as a security in addition to Bitcoin?

Are you going to conduct ICO for your project or do you want to manage your own funds?

I also think that the project will be successful. However, it is necessary to invest a lot of money in advertising, in order to learn about the project as many people as possible.

They take a pledge, this significantly reduces the risks when issuing a loan.

That is to get a smaller amount you do not need documents? You are putting a significant risk on your capital in this case.

Is the project already operational and functioning? Is it already possible to use your services?

No one will lose anything. Bitcoin acts as collateral, on the basis of which a loan is issued.

You are right, the competition in this market is quite high, but this is an indicator that the niche is in demand.

Yes, you are right, not everyone wants to part with the BTC expecting further growth.

CryptoCredex is so useful service with nice and modern idea. I hope they will be successfull as no other platform.

Sure, nowadays cryprocurrency becomes very popular, also, lots of people hold coins for future, for potencial profit.

How many competitors does the CryptoCredex how? Is it the future of money loans?

CryptoCredex can chnage the existing financial situation, no more banks and others

You will recieve just you bitcoins back, it doesn't matter what is the rate.

Yeah, I'm agree with u, I'm looking forward to the answers

well, so many questions and no one answer
i'm waiting fro dev's reply, cause the project is too interesting and the most actual to me

What does a Verified account status mean? What is identification? Is it about address and personal ID? Or sth else?

I check the website, and wanna know, how quickly can I get money?

It's written on their website
You can borrow anything from $1,000 to $50,000/ € on standard terms.
We provide from $50,000 to $2,000,000/ € on concessional terms.
Please, pay attention that we are entitled to require additional documents when you issue amounts more than $10,000 / €.

is, it seems like that
but i wonder in what way are they going to check it?

i can't understand what will be if bitcoin make its favourite x2? Will the borrower have to return this difference? or will lender lose its money?

Hello everyone, nice project, but I think you have competition with other projects like your, what makes you special?

hello, interesting project, but I have a question: where can i find your loan conditions? are they in public acces? or only in the private?

You send us your ID and home address proof. Is it your own KYC ?

 Loan calculator at your website is very nice, but I can't get how to use it. Can anyone help?

Referal program is useless here, CryptoCredex is working project, it got lots of advantages for customers.

Loans up to $2 millions? How big us your company? Thats really serious business. Will you provide any referal program?

Such service is very useful, because nobody want to sell Bitcoins, but sometimes need extra money.

I think this service will be in demand on the market. There are many people who use these services.

Seems that Interest rate from 9% per month, and You get 50% of your sent bitcoins value.

So they give you loan in the half size proportion of sent Bitcoins? Thats smart. Kinda pawnshop 2018.

We do not provide services to residents of the United States  

Sad to hear that, but I think there are much business over there...

btw, what the % I need to offer for collateral?

Loans are disbursed for a period from 1 month to 1 year at 9% per month.
Online loan amount from $1,000 to $2,000,000.
You get 50% of bitcoins.
There are no hidden cost.

What's the terms of getting loan? Does the social ID verification needed?

while others are collecting money for such kind of platform you guys just made it working, Great job!

So, it's not a iCO project, you just place the add of working service? How long do you work? When did you started CryptoCredex?

Nice looking project with fresh idea. When are you to start Cryptocredex?

Resources

Website: https://www.cryptocredex.com/
email: [email protected]
Number: +371 25381373