How can you find the best platform for Lending or Crypto Loans?
To choose the right provider for lending your crypto assets or to get a crypto loan, it is important to pay attention to a few factors. Trust in the platform is one of the most important thing, as you entrust them with your assets. Also important are the interest rates which you earn or pay. Here it is worth looking for the best offers on several platforms at the same time, to compare the interest rates.
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4 Steps How We Find The Best Providers For You:
1. We Collect
The data represented on our website are fact-based and collected from trusted, verified sources only. In this way we make sure that the user’s decision is based on real facts.
2. We Analyze
In the next step we analyze many different providers in order to summarize the best and most important ones for our users. We write an in-depth review about every provider to show the most important features and pros and cons.
3. We Score
In order for you to help you easily decide which provider is the best, each provider is represented with a score. However, please always check the facts and figures yourself.
4. You Choose
When the gathered data is aggregated, analyzed and put into a comprehensive review, it’s your time to browse it and choose the best provider according to your preferences.
FAQ
What are Stablecoins?
Stablecoins are digital currencies that are linked to a fiat currency, such as the USD. Examples are Tether (USDT) or Circle (USDC).
What is Collateral?
Collateral is the funds that the borrower provides to the lender as security for a loan. The collateral usually has more value than the loan itself. If the value of the collateral falls below the value of the loan, the borrower has to deposit more funds so that he does not get liquidated.
What is a Margin Call?
A margin call is a warning from the platform to the borrower that the deposited margin is no longer sufficient because the funds have lost in value. The borrower needs to add more funds or close the loan. If the borrower does not react to the warning, the platform liquidates the margin of the borrower and closes the loan.