celsius: Best Crypto Lending platforms. How to earn on crypto loans in 2022
A farm and a laboratory that utilize blockchain technology for genetic purposes.
Which crypto lending platform would you recommend and why?
Celsius is the best crypto lending platform, here you can earn up to a 17% APY in case of earn yeild. In case of borrowing you can choose interest rate from 1% up to 8,95%, depends on rate the amount of collateral will be decrease. In both cases if you used native CEL token you have more interesting conditions for profit (up to 25% more profitable). There is no transfer, origination, withdrawal fees.
How to earn on crypto loans?
You just need to choose crypto with highest api rate and earn yeild every week. For now the best rates on stablecoins. It's more conservative way of holdings and also risk free.
What are the main risks in the crypto lending process?
1. The platform will go away with your money 2. High volatility on market espeshially in chosen token 3. The long term of lending (more than 10 years) 4. The lack of strategy
Joseph RockinsBusinessman
Which crypto lending platform would you recommend and why?
The whole point of crypto lending is to allow individuals with cryptocurrency assets to generate some dividends, with quite a few crypto lending platforms out there, and some popular names also, it's difficult to overlook platforms like e.g binance. But I will recommend CELSIUS, the reasons why are simply stated below 1. Accessible reach. Celsius has got a wide global reach, including the U.S.A. 2. Based on my research it's got the highest stable coins yield (up to 17.7%) and Bonus ($50) Up to 17.7% APR on stable coins 3. They also offer one of the most wide options in lendable coins (incl. BTC, ETH, USDT), basically up to 41 coins to choose from. 4. Process & security. The process is pretty swift and secure in both ends. So funds are safe. 5. They also have a good flexible lending duration.
How to earn on crypto loans?
Choose an Interest rate. You can choose to Start with stable coins, which generates you higher interest rates most times than assets such as Bitcoin or ethereum. Also a good way to earn good returns, is to invest in native platform tokens, like $Cel & $Cro. These platforms want you to invest in their own tokens, so they offer you higher interest rates when you do this with them. Also having a good lock up period is essential to earning even more dividends, the longer the lockup period the better your interest.
What are the main risks in the crypto lending process?
One of the risk associated with crypto lending is that your deposits are not insured. 2. High volatility, this could be a good thing most times but if you don't know what you are doing, might end up hurting you. 3. Counterparty risk. This is basically what is being done with your money, something to take note of. Also smart contract risk, custody risk and so on. These are things to take note of, if you plan on getting involved with crypto lending
David FilipProduct Manager
Which crypto lending platform would you recommend and why?
This is great question. I am using these platform very heavily. I am fan of Celsius (they have lovely promo codes and low fees) and NEXO (great APR, great tokenomics, 0 loans for platinum members). NEXO is perfect start.
How to earn on crypto loans?
This is not an option for beginners as it usually means going for margin / leverage trading. On the other hand you can use loan to get stuff you really want without selling your crypto. It has an tax advantage.
What are the main risks in the crypto lending process?
There is aleays risk of liquidiation of your collateral, i.e. your crypto. You have to be cautious and have reasonable LTV, which I think should be around 20-30 %.
Reymund AlbarenaCrypto Traders
Which crypto lending platform would you recommend and why?
Celsius Lending Cryptois best when it comes in Loan you can borrow or loan depends on your limit and also many feature for staking and it is low interest
How to earn on crypto loans?
Earning tru staking borrow and stake to Celsuis platform and you gain passive income tru out whole year and it is the lowest interest in crypto loan
What are the main risks in the crypto lending process?
Borrowing is must risky but consider it as your own risk you know how to manage in comming dip all of crypto invest only if you can handle the risk you would enter
Batang Riles RilesCrypto & Happy
Which crypto lending platform would you recommend and why?
CELSIUS, because it has a wallet application on mobile phone and can be access on web too usding pc, it has a reward also just by holding your crypto on there crpto wallet
How to earn on crypto loans?
you need to deposit first an amount for collateral and then you can loan now using your collateral crpto on there platform, and then paid the amount and interes before getting liquidated when the coins or token get lower value
What are the main risks in the crypto lending process?
the risk on lending a crypto currency is when the value of the coin you hold that was been collateral was get dip on market, your collateral crypto will become less valuable
Isaac JohnStudent
Which crypto lending platform would you recommend and why?
There many platforms and networks available for lending crypto. But I will recommend Celsius network as the best and reliable platform for lending Crypto. Celsius network is one of the biggest cryptocurrency lending platform available. The Celsius network allows you to earn some certain percentage by borrowing on their platform. In this platform, no charges are attached for lending, transferring coins. Also, the interest rate charged by this platform is very low and affordable. Celsius network can easily be accessed both on web and application formats.
How to earn on crypto loans?
Earning on Crypto loans is very easy. By providing loans to borrowers, Crypto lenders can earn by charging interest rate to the borrower. Most of the lending platforms earn through the interest they charge borrowers.
What are the main risks in the crypto lending process?
There are risks involve in Crypto lending process, this risk can result to great loss. Due to their volatility, cryptocurrency collateral may change in value at any time, which can lead to loss of investment on the lender side.
Henry CooperAuthor
Which crypto lending platform would you recommend and why?
I have been in crypto since I was forced to learn about Bitcoin due to a serious life situation in 2010. It was 14 dollars to buy one and soon I had hundreds. I bought and sold things with it on the Silk Road website. One day I logged in only to see a full screen FBI notice saying that this website has been seized! I don't even remember how many bitcoins I had in that wallet but it didn't even matter at the time. I stayed in the crypto world since then and I feel like I have a good intuition of the markets. I have seen Mount Gox and countless other scams since and can tell you until the Defi market and even Etherium has real government regulations I would stay away from lending type companies. If you have to borrow money and you have crypto then research Machinsky and the Celsius Network. He invented or was instrumental in the introduction of the VOIP system that Skype is famous for. I have a Celsius account myself but I have not been able to get the nerve to use my bitcoin for borrowing purposes because I was scammed and lost so many bitcoins in the past.
How to earn on crypto loans?
Your crypto still earns interest while you are in a lending situation. So you can theoretically make money even after paying off your loan. That is if you time the market correct.
What are the main risks in the crypto lending process?
The risk of market crashes during the loan period is the biggest one. Also the integrity of the lending platform is the most important factor in my opinion so make sure you use a company that is complying with international and local laws.
Isaac ReissAspirational Whale
Which crypto lending platform would you recommend and why?
I find Pancakeswap to be best lending platform and for yield farming as well. Binance is top of class alternative as it allow lending in many more coins and Celsius, Blockfi and Crypto.com are popular in the US.
How to earn on crypto loans?
As a lender or investor, you recieve a Dividend or Interest for short term loans. I have seen returns from 5% to 25%. Yield Farming can allow for returns of over 100% APY. It is an extraordinary way to grow your assets!
What are the main risks in the crypto lending process?
From time to time, you will read about hacks and of course, there are scams and additional risk factors embedded in lesser known platforms. As a general rule, if it sounds too good to be true, it probably is!
Isaac MuskCrypto Analyst
Which crypto lending platform would you recommend and why?
There are several Crypto lending platform available, but I will recommend Celsius as the best platform to lend Crypto assets. Why Celsius is the most recommendable Crypto lending platform is because, they don't charge any fees either borrowing, lending and transferring the coins. Also, one can earn upto 17% yield by lending on the Celsius network. Celsius network is available in both application and web formats.
How to earn on crypto loans?
There are many ways to earn on Crypto loans. 1. choose an interest rate 2. Give the borrower crypto assets in exchange for bonds that prove you gave them crypto. 3. You receive more bonds as interest. 4. When you want your money back, send over the bonds you received through the smart contract. 5. Make a profit on your crypto. These are some ways one can on Crypto loans, mainly through the interest rate you charge the borrower.
Leduc Tommy Leducadmin
Which crypto lending platform would you recommend and why?
celcius cause the pourcentage cash back and we can use celcius in real life to buy something like time for cell etc.. and its easy to buy on celcius app too
How to earn on crypto loans?
Celsius supports 25 coins and offers flexible LTV rates, although they are capped at 50%. and borrowing slightly lower borrowing rates i thing
What are the main risks in the crypto lending process?
So the crypto lending risk with DeFi providers is not necessarily the crypto custody, but rather that you don't manage your own custody solution well. Also, a DeFi platform's smart contract can have technical flaws. Remember: If you give your money to a DeFi platform, you trust the platform protocol, not a compan
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.