coin: Best Crypto Lending platforms. How to earn on crypto loans in 2022

coin: Best Crypto Lending platforms. How to earn on crypto loans in 2022

< Show Wisdom Collection: Best Crypto Lending platforms. How to earn on crypto loans in 2022article avatarEric Crawford

CEO

Which crypto lending platform would you recommend and why?

AAVE is my recommended crypto lending platform. It offers security for borrowing from blue chip crypto assets in an organization with a substantial TVL. Staking and borrowing rewards are paid in Matic which has a strong future.

How to earn on crypto loans?

Crypto loans are novel ways to earn passive income. An ideal method respects the value of an asset while managing the risk associated with the high volatility of crypto. Recommendations start with locking a high value asset in a DeFi platform that offers an attractive yield. Collateralize your asset and borrow a stablecoin on it, look for yield earning on both of these mechanisms. Trade your borrowed stable coin for an asset that is in high demand for lending. Put your lending asset on the market for well balanced yield for the lender and interest rate for the borrower.

What are the main risks in the crypto lending process?

The most significant risks in the process occur at each level of action. The first being custody of the collateralized assets, the platform in which they are locked and can be rehypothecated to. The second being the volatility of the asset that is collateralized risks liquidation. The third being the security of the final lending and borrowing platforms for asset owners. Depending on your methods, you may submit custody to one or more lending platforms.

article avatarJohanan Orok

Engineering Technologist

Which crypto lending platform would you recommend and why?

Aave is a great lending platform. The reason is that it is competitive. If you do not like the rate of one lender you can always choose cheaper options. It's the flexibility for me. The disadvantage of Aave is the gas fee. Investors with little funds may loose a lot of funds if lending directly from aave.com , it can be very frustrating for investors with little funds. We all want to make money, but not spend all paying gas fee or transaction fee. I suggest those who want to use Saved, use on decentralized exchange as margin lending as that will save you massively from the fees. Another advantage of Aave is the Liquidity. It has huge liquidity, currently sitting at about $25 Billion. That's really huge and huge liquidity boost investors confidence greatly. The third advantage will be the community. Most Crypto enthusiast know that a great community is super support for any Crypto. My second lending platform of Choice will be Kucoin. Kucoin is a centralized exchange that offer margin lending. I love it because it's very easy to use especially for beginners. Binance on the other side is quite complex and beginners may not easily understand thier margin lending.

How to earn on crypto loans?

Kucoin is the best for me. Especially for startup. I noticed they give loan of up to 10x your initial capital. Meaning if you have $80, you can get a loan of up to $800 . That's a huge leaverage opportunity.

What are the main risks in the crypto lending process?

The main risk will be liquidation. Crypto currency market is a highly volatile market. Prices can fluctuate very excessively and it's very discouraging for beginners. collateral process usually involve the borrower leaving some money on the table which is used as collateral for the loan. If the coin or token price of that is being borrowed against goes too low beyond the "limit" and the borrower doesn't understand risk management, there is a high chance that they will get liquidated and loose thier funds even before they start making profit. As a ln extra advice, I suggest borrowers learn and understand risk management most importantly before venturing into any kind of Crypto borrowing. The knowledge will save them from a lot of avoidable losses.

article avatarHerdy Taufik

Trader

Which crypto lending platform would you recommend and why?

I choose Blockfi the reason is because 1.BlockFi is backed by biggest investors like Valar Ventures, Morgan Creek Capital Management and Coinbase Ventures. Of course this makes us more confident to use the platform. 2.Zero percent trading fee 3.BlockFi is easy to use also a beginner-friendly platform and available Mobile App. 4.Can earn up to 9.5% APY with a BlockFi Interest Account (BIA).

How to earn on crypto loans?

First if we like to earn passive income from crypto lending we could deposit crypto coin such a Bitcoin or Ethereum to the platform so we can receive weekly or monthly interest from it, so if we want get high earning we could choose crypto lend with a good interest rates. Two if we choose a flexible lending we can also make profit at the time from our crypto.

What are the main risks in the crypto lending process?

First the important point is that we must choose a lending platform that is truly secure, because if we carelessly our assets and data will be insecure. Secondly, if we choose a crypto landing with a locking period, I suggest choosing a stablecoin because if we choose an alt coin if a bear market occurs we cannot sell our assets.

article avatarEverlyn Mendoza

social media evaluator

Which crypto lending platform would you recommend and why?

I think nexo is the best lending crypto platform because it offers lower interest than the other. Another is crypto.com wherein you can trade and earn from your assets interest. Coinbase is also one of them. Whatever platform it is I think you have to be very responsible in every actuation so that you can earn from it and that is what business matters.

How to earn on crypto loans?

We can earn on crypto loans by its percentage in APY and by swapping and trading to other coins. Moreover we can earn on it by hodling coins in a certain time frame terms like hodling the coins in 3 months 6 months and one year or more.

What are the main risks in the crypto lending process?

The main risks we can face in this crypto lending process is when you holder does not know how to swap and trade her coin like does not know how to use the trading matrix, the spot, the signal and when to buy one sell the crypto coin he/she manage.

article avatarDorian Kane

Blockchain Analyst

Which crypto lending platform would you recommend and why?

Aave on polygon is the best for now as a lawyer 2 solution to lend your crypto stable coin or Eth blockfi has a good APY and I have added bitcoin for usdt

How to earn on crypto loans?

You can lend bitcoin or Eth and take out usdt to invest in metavers index or crypto metavers coin not more than 30-40% of your crypto that have set up

What are the main risks in the crypto lending process?

The main risks is the liquidity that you can get liquidate you asset if case you are on a big leverage and don't have assets to hold you position

article avatarBatang Riles Riles

Crypto & 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

article avatarEHAB SULAIMAN ALBALAWI

General Manager

Which crypto lending platform would you recommend and why?

Binance is the world’s leading cryptocurrency exchange, with 1,400,000+ transactions taking place every second. Other than being the leading cryptocurrency exchange, Binance has built its own ecosystem. Binance has also launched a coin named “BNB.”

article avatarKrit Yoorit

Bussiness owner

Which crypto lending platform would you recommend and why?

I think it's a really cool concept. Because people come to invest in cryptocurrencies in the hope of long-term returns. Cryptocurrency lending as collateral is a good solution if investors are in urgent need of cash. But it may be important for coin holders to think carefully about which coins or tokens they can authorize as collateral. Because some coins are highly volatile. But I expect it to be a well-received approach from the community.

How to earn on crypto loans?

I would probably borrow my coins through an intermediary. as collateral for borrowers The intermediary has to manage the risk for me in the consideration of crypto-currency loans.

What are the main risks in the crypto lending process?

As answered in the first point The volatility of the crypto market is higher than the normal money market. This made it necessary to consider a stable and reliable coin. which requires a mathematician to calculate the same way as a life insurance to manage risks

article avatarprof Tochy

Crypto Analyst

Which crypto lending platform would you recommend and why?

Celsius. Being founded in 2017, the company is an early pioneer of crypto-lending and offers some of the industry's most attractive interest rates.

How to earn on crypto loans?

Interest rates most especially. By offering annual or monthly percentage rates (APYs) of over 25% if you're willing to lend out your crypto is very much of a good idea

article avatarTeddy .

Unemployment

Which crypto lending platform would you recommend and why?

Etherium, because the stable coin wich one that price the most favorit choice. And i guess etherium got to th e moon soon after bearish on market.

How to earn on crypto loans?

With the brilliant concept to build community almost to get more profit and support that community to better economic and financial and the important principle

What are the main risks in the crypto lending process?

Of course that bussiness among to high risk, actually we must be smarter than customers mindset. How we get more profit in the crypto lending, surely we have the excellent plan before the project launch.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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