FirstCryptoBank
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About FCB
FirstCryptoBank is designed to be used for complete convenience, Our tool allows you to use your current crypto holdings to full use. We have developed a system that will allow you to use the benefits of our services such as loans, deposits, loans against deposits, exchange, fiat money withdrawal, deal with guarantee, you can also sell or buy hashing power with our service now. We have developed a system that will allow traders to use the full potential of our exchange platform to use existing funds to make further trades on the marketplace without having to liquidate existing coin holdings to purchase further coin holdings. We are also implementing Android and IOS apps to help you trade from any device and have successfully implemented a working browser account.
Credit
FCB account users can view their credit scores and the amount they can loan against current FCB account holdings at any time. The amount of loan is calculated from the account credit score which will be constantly changing as your account history improves and how you use the FCB account. Please be aware that the amount that is loaned against the account will depend on the account holders turnover if a loan is overdue additional interest is added and credit score and credit limit will be lowered until the account is closed or blacklisted and the cut off point is ZERO equity we do this to protect other FCB users from losses. It is possible to extend the credit time but please be aware that interest rates will change accordingly and all interest is payable on the day of extension. Gold status members can use our crediting service not only in FCB token but other crypto currencies that are supported and will also be able to take a loan in FIAT once the account starts to support this feature.
Interest is only paid in the coin you started the loan with for example if you loaned by using BTC you will be paid interest in BTC.
Deposit
You can use your FCB account to place deposits in any of the coin listed that we support, all deposits will have interest paid in the coin that you chose to deposit with. You may also choose what the term is your coins are gaining interest from 1-12 months terms the longer you choose the term the more interest you will gain. Small short term deposits can be made which is good for miners and allows you to use your FCB account as a wallet to also gain interest on your coins that you have mined.
Loan against deposit
FCB allows you to stay in control of your assets, you can trade your crypto while still being in control of it and be able to buy other crypto currencies without having to sell your existing holdings putting potential profits at risk. For example you can use your FCB account to take a loan for one crypto currency and use those funds to buy another crypto currency or you can take a USDT for your coins at the current exchange rate for the day and as soon as you pay the loan back you will receive your coins you originally used back, all interest will be calculated to the date you pay it back with no fixed term fees.
The interest rate for both the loan and the deposit may change, but it will be fixed from the moment of using any product throughout the term.
FirstCryptoBank has a reserve fund which is constantly replenished from credit products, traders, mining, investment and other types of earnings therefore we can confidently guarantee timely payments to our customers. Also, our clients will always be aware of what projects we are working with and what we are investing in. There will be a news line in your accounts so you are the first to know our news.
Account FirstCryptoBank HERE