Why you have to collect a Crypto loan in 2021
Do you have a lot of bitcoin in your wallet, and are you thinking of selling your coins to solve a need or invest in your business? I’ve got good news for you.
When you need liquidity, there’s no need to sell your coins; Crypto loans are a better option, and I will show you exactly why. Recently, crypto loans have become more and more common.
These forms of loans make the procedure of borrowing capital much simpler than standard approaches.
The notion of crypto loans sounds dangerous for certain individuals and as if it’s too good to be real.
We want these concerns to be dispelled and let you know that crypto loans live up to the hype.
Reasons for a crypto loan
- To Invest in your business.
The most obvious reason for considering a small business loan is probably to invest in an opportunity for your company to expand. Continuing to grow your company when business is booming can help ensure that your profits do not plateau or shrink.
- To avoid selling your crypto.
Some of us have spent years of labor and expertise gathering crypto, and you wouldn’t want to sell them off just because you are in dare need of cash.
Why sell when you can borrow?
If you believe in the long-term growth of your crypto, you should know that investing against it is more valuable than selling it. Because without abandoning your investments and their ability to rise in interest, you will access the value of your investment.
Meanwhile, Crypto loan interest rates are so tiny that individuals are stunned! Imagine where you’re getting cash and remain the owner of your coins. That is to say; your coins become the loan collateral. That is possible because of the Blockchain business model.
Why Crypto loans?
- They are readily available.
If you have ever applied for a standard loan, you should probably know how long the procedure takes. Your credit report would be a big factor in deciding how much money you are eligible to borrow for regular loans.
If you have a poor credit score, likely, you will not get the funds you need. Some more variables are going to be taken into accounts, such as wages and credit records.
Crypto loans are readily available to whosoever that have crypto. Irrespective of their wages and credit scores. With applications like Smart credit, you can get real finance for your needs.
- No need for fixed asset collaterals
Your crypto income is enough to obtain a crypto loan. No need for a house, land, or any fixed asset anywhere to serve as your collateral. Smartcredit needs your Bitcoin, Etherum, etc., as collateral to get you real cash.
- Instant fund transfer
Some regular loan firms make you wait weeks. While some banks are accelerating their processes, many are still not. If you need a loan as soon as possible, Crypto Lending is a better choice.
In Crypto lending, within a short time, several platforms like Smartcredit will accept the loan. No hassles, just your Crypto and ID. As soon as you are approved, Crypto loans are converted, so you can quickly satisfy your real financial needs.
- Save your tax
Most countries don’t tax your digital currencies. Hence you can lend or borrow crypto in smart credit without worrying about taxes. Meanwhile, if you chose to sell them, the likes of a DEX can tax you.
- Multiplying Your Crypto
Here is what many crypto income owners don’t know. Now that the crypto market is rapidly growing, especially Bitcoin. You can use your Bitcoin to get loaned in US Dollars at very low interest. Buy more Bitcoin using that cash. When the price increases, you make extra gains. You can replicate that again and again.
- You can earn interest too.
Smart credit financial services can lend out your liquidity. The crypto fixed income system, allows you to earn interests by funding a crypto loan. Meanwhile, Crypto market interests are usually higher than bank interests.
You’ve seen why getting a crypto loan is better than just selling your crypto and eating up the profits.
Finally, Crypto loans are a stable, reliable, and quick alternative to conventional bank loans.
But be sure to consider selecting a trusted crypto lending platform for your crypto loan needs.