HomeCoinsEthereum (ETH)Bitfinex now offers personal loans in bitcoin and ether

Bitfinex now offers personal loans in bitcoin and ether

- Advertisement -


Crypto exchange Bitfinex is now offering personal loans in bitcoin (BTC) and ether (ETH) via its peer-to-peer lending platform Bitfinex Borrow.

Users can borrow bitcoin in exchange for three fiat currencies and one stablecoin: US dollars (USD), euro (EUR), Japanese yen (JPY), and Tether (USDT). While for ether loans, users can only use USD as collateral.

As for loan to value ratios, bitcoin loans are available for up to 80% of the value of USD, EUR, and USDT holdings, and up to 70% for JPY holdings.

For ETH loans, the percentage is up to 80% of USD holdings.

Bitfinex charges a 4.16% and 1.14% interest rate per annum for bitcoin and ether loans, respectively. The service is available only for “fully verified” users.

The Bitfinex Borrow platform was launched in November and already offers USDT and USD loans against bitcoin and ether holdings as collateral.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 24,141.47
ethereum
Ethereum (ETH) $ 1,799.92
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 146.73
litecoin
Litecoin (LTC) $ 63.83
eos
EOS (EOS) $ 1.28
okb
OKB (OKB) $ 18.70
tezos
Tezos (XTZ) $ 1.93
leo-token
LEO Token (LEO) $ 4.86
cardano
Cardano (ADA) $ 0.543861
monero
Monero (XMR) $ 167.50
stellar
Stellar (XLM) $ 0.128331
chainlink
Chainlink (LINK) $ 8.67
huobi-token
Huobi (HT) $ 4.42
tron
TRON (TRX) $ 0.071075
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 54.98
neo
NEO (NEO) $ 11.88
iota
IOTA (MIOTA) $ 0.354756
nem
NEM (XEM) $ 0.053129
zcash
Zcash (ZEC) $ 72.29
maker
Maker (MKR) $ 1,179.63
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 39.02
vechain
VeChain (VET) $ 0.032517
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX (FTT) $ 31.72
kucoin-shares
KuCoin (KCS) $ 10.72
waves
Waves (WAVES) $ 6.33