Here is a list of the updated sites to get Instant Bitcoin loans: Bitcoin Loan PlatformsInstant Loan Links1. BinanceGet Instant Loan Now3. NexoGet Loan Now4. Aave Lend or Borrow Against Crypto It takes a couple of hours to fly thousands of miles, a click of a button to send a piece of information, and the opening of an app to see the faces of your loved ones in real time. How fast and furious the 21st century has become with the advent of some exhilarating inventions! But still, there are areas of daily life that continue to exist at sloth-like speeds- things like taking out a loan from a bank… Taking loans from a bank is a cumbersome and tiring process for borrowers. In this modern (and otherwise fast) world, it typically takes 45-60 days under ideal conditions for a loan to reach the borrower’s account. That’s IF you’re approved for a loan- getting approved includes having a good credit rating, a necessary history of bank statements, identity verification, collateral, etc. All of these things take a lot of time. There are also lenders in this picture, who need returns on their investments and deposits. But, in this scenario of economic upheaval where interest rates are too low or even negative, good returns are pretty hard to come by. But… From now on, borrowers will get loans funded in 2 hours to 7 days. And… Lenders will get good returns. Isn’t that incredible!?!?! How Does Bitcoin Loan Work? Bitcoin has revolutionized the capital lending markets which have stayed stagnant for decades. Bitcoin has made everyone their own individual banks for lending and borrowing. Let me explain… With Bitcoin, you can borrow and lend almost instantaneously without unnecessary friction from banks and government regulations. You can crowdsource your loans from lenders around the world powered by a Bitcoin economy by choosing an interest rate which you can actually afford. There is no processing fee charged to the borrower or lender for this. Through this system, lenders get profitable interest rates and borrowers can borrow cheap loans. It happens in a hassle-free manner through peer-to-peer lending which leverages Bitcoin technology to make everything fast and cheap. This would not be possible in conventional banking which is slow and expensive. Crypto Loans Tutorial – How to Borrow Against Crypto and Bitcoin There are many platforms where you can take a loan against your crypto. However, if you are using a centralized platform, the most trustable name is Binance. They have been around for years and offer the most friendly, and cheapest yet reliable crypto loan platform. Here is step by step guide to take an instant crypto loan using your Bitcoin or other crypto. Note: Binance offers a feature that makes it perhaps the best crypto loan platform. You can use Binance earn to lend your crypto, and while you are earning on this, you can use the same as collateral to borrow USDT against it. This helps in reducing your borrowing interest rate by a significant percentage. And thats not all, you can also stake your ETH on Binance platform, and borrow against staked ETH. Alright, now you understood why Binance is perhaps the best platform, let’s go ahead and learn how to use Binance for borrowing crypto loans. You need a KYC’s Binance account to do so, if you already have one, then skip the step #1, else lets do so. Step 1- Register on Binance. and complete the verification process. Click on Earn > Loans Click on Borrow now, select the collateral and set the amount that you wish to borrow. ou can define the loan term, and the page will also show you the LTV, Margin call, daily interest rate, and total interest amount based on your tenure. You can borrow a stable coin or other supported crypto on Binance at this moment:
Here is a consolidated list of the best cryptocurrency exchanges with my comments:
ExchangeKey FeaturesCoinSutra RatingBybit• Very popular with high volume.
• Best for margin trading.
• Read Bybit review9.8/10Binance• #1 crypto exchange for Crypto and digital asset trading
• Customers assets are stored in hot and cold wallet, offering top security
• It offers a maximum number of crypto pairs and offers trading and investing.
• P2P trading, Futures trading, Leverage trading, Crypto lending and borrowing, Staking program. 10/10Gate.ioSpot, Margin and future trading
Various automated bot trading option
Crypto trading mobile app
Instant KYC9/10KuCoin• Simple and easy to use
• Many low-cap gems available9.5/10OKX• Popular Crypto exchange
• Extensive range of pro trading options
• Advanced trading platform9.4/10Bitget• Demo accounts available
• Wide range of cryptocurrencies9.3/10MEXC• Fast listing of new crypto projects
• Leveraged & Index ETFs9/10Kraken• Based out of the USA, and secure crypto exchange, existing for the last half a decade.8.8/10GMX• Decentralized Perpetual Exchange
• Simple Swaps7/10HTX• One of the largest exchanges of the crypto market
• High security and great customer support8/10AscendEX• Easy-to-use interface
• Use in-house token ASD to lower fee8/10
Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.
And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against the government’s inflationary policies.
Not only this but now people have a variety of products to earn substantial passive income on their crypto assets. Moreover, some people make good money by pure speculation with short-term trading (i.e., buy low, sell high).
And for those who are just starting and need answers to some basic questions like: