As much as crypto enthusiasts like to say this new technology is “for the people” that’s hardly the case in 2019. With governments cracking down on blockchain startups, it’s getting hard to attract a global audience these days. So if you want an instant BTC loan, there are only a few platforms that have enough regulations in place to expand their reach beyond their own borders. Let’s take a look now.
INSTANT BTC LOAN: ETH LEND FOR ETH HODLERS
Dubbed “The world’s first crypto lending marketplace” ETHLend specializes in ETH lending. Big surprise there right? All jokes aside, this is a reputable platform with a secure and open marketplace. In one click, users can get a loan using this peer to peer lending platform. Sure, you can’t get an instant BTC loan per se, but it is still worth mentioning in this list.
INSTANT BTC LOAN: CELSIUS
For many of you in “first world countries,” having a bank account is as normal as having a bed. Yet, in the developing parts of the world, having a bank is a rarity. That’s where Celsius comes in. By “unbanking people” Celcius came up with a new way to earn, borrow and pay others on the blockchain. As far as instant BTC loans on Celsius, they possible, as are loans in ETH. Yet, they are more than just a crypto lending platform. By simple HODLing on their platform, users can earn up to 7% interest on various coins.
INSTANT BTC LOAN: YOUHODLER THE REAL VOICE OF GLOBAL HODLERS
Of all the platforms mentioned in this article, FinTech platform YouHodler is the one that best represents the global population. With clients in Europe, South America and moving quickly into Asia, this platform aims to offer the most options, for the most people at the best rates.
BTC, BCH, BSV, ETH, LTC, XRP, XLM and more are available as collateral options. Furthermore, users can use a credit/debit card, USDT or bank wire as pay in and payout options, meaning instant BTC loans, or any loans for that matter, are available. With an industry best loan to value ratio of 80% and competitive interest rates, users truly get the most of their loans without having to sell any of their cryptos.
As more crypto holdlers enter the market, this will be a key tool to leverage assets, receive starting capital and more for a global audience.