In European countries and the United States of America, cryptocurrency lending has been in place for over 10 years. Cryptocurrency loans are especially popular among novice entrepreneurs, IT businessmen and crypto investors. The most convenient way to get a loan in cryptocurrency are P2P exchanges. Thanks to cryptocurrency p2p exchanges, loans are provided to you by cryptocurrency holders, not financial institutions. The exchange only organizes the lending process and provides guarantor services. Getting a cryptocurrency loan is very simple. First, you register, indicate your personal data, passport number, phone and photo. Then go through verification, specify the loan amount, term and purpose of the loan. An application is created and posted on the site. A user who agrees to provide you with a loan transfers the required amount to your account. The interest for using the loan depends on the amount and term of the loan.
These are the main cryptocurrency P2P exchanges that provide lending services:
BitBond is the first lending platform that specializes in lending to small businesses. The loan amount, interest rate and loan term can be calculated in advance on the website.
BTCpop is more like a banking institution, as it specializes exclusively in lending to businesses. The site also offers currency conversion services.
StemFund is a platform that connects lenders and borrowers. Here you can get a loan for both your business and personal needs.
Crypto Credit Center is a group of miners that issue loans in cryptocurrency at 7.5% per annum. A loan in cryptocurrency is issued without guarantors and without collateral, because all the data on the borrower is analyzed by Artificial Intelligence (AI) and independently decides on the loan, and also determines the amount that is available to you.
There are many announcements about private loans in cryptocurrency on the forums. However, it is worth treating them with caution, because This type of lending does not give the borrower any guarantees and requires a mandatory deposit. Also, do not forget about the risk of fraud.