Instant Crypto Loans in Canada
How to get an instant crypto loan safely and securely in Canada with no credit check.
The simplest way to explain how the process is works is that it is a collateralized loan. This means that you put up some sort of collateral and you are able to borrow against it. In this case, that collateral would be any crypto that you own. The beauty is that there is no middle man!
Most lenders will require you to convert your crypto to a stable coin that is supported by that platform, lock it in and borrow against it according to the terms and conditions, which again vary by the platform.
My favourite platform for crypto loans in Canada is Celsius Network. Celsius is basically the crypto equivalent of a bank. You get the safety and security of knowing that it is a real company based in USA with real offices and staff but also the speed and efficiency of crypto markets. The interest rate you pay for your loan depends on several factors, but it can be as low as 1% interest in most cases.
The benefits of this platform is that you never have to spend your crypto holdings. Need money to pay a bill or other urgent need? Borrow against your holdings, and let your holdings continue to appreciate.
Join Celsius Network using my referral code 1876796bc4 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself
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