Benefits of a loan secured by cryptocurrency

Benefits of a loan secured by cryptocurrency

Important advantages that lending secured by cryptocurrency provide are the almost instant speed of obtaining it, a larger loan size and a more convenient loan term compared to the usual one.
An important fact is that a borrower who has a cryptocurrency at his disposal, if a financial need arises, has the opportunity not to lose the existing crypto-asset without selling it at or exchanging it for the necessary purposes. A crypto asset that is provided as collateral is returned to the borrower in the same amount, without any losses.

In case of non-payment of the loan to the bank, a situation arises in which the bank can take the borrower′s collateral. It should be noted here that loans in which the property is withdrawn from the borrower are unprofitable for the bank. To avoid inconvenient conditions and minimize its risks, the bank is spending time in order to understand the borrower′s ability and his ability to repay the debt. All this takes the bank too much time.

No time is spent at all on the decision to issue a loan in CoinCash, since the collateral in the form of cryptocurrency is a highly liquid value, in which, in the event of a return of credit funds, difficulties and risks will not arise for the lender with the loss of money. If the borrower stops paying off the loan, his loan will be closed, and the debt will be written off at the expense of collateral.

Therefore, we recommend that you calculate your business plans more carefully and use credit funds with a well-balanced and most correct approach.

For our part, we will try to help and improve our service for you so that it is useful to you in all its possibilities.

We give an opportunity, and the decision to use it is already yours!

Best regards, team «COINCASH»™