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

General Manager @ Excoincial Exchange

Which crypto lending platform would you recommend and why?

Cryptocurrencies have made people create fortunes for themselves via participating in crypto lending and borrowing schemes. There are many lending platforms that favour huge APY and APR with vast security and good reputation. However, in 2022, banking institutions are coming on board and are taking with them ideas of DeFi and blockchain properties. I personally would recommend www.africuniabank.com which will be a digital bank with real life contact to people whilst based on blockchain technology. It will be one of the banks in the world that will digitalize its asset with a good monthly and annual returns of about 30%, transfer money like world remit into mobile money accounts and bank accounts for traditional money, buy Airtime credits and data bundles. It has its AFCASH crypto deployed on BSC and its own mainnet chain will also be deployed. The ecosystem is huge which includes AFRICUNIA TV station with a physical office; EXCOINCIAL Crypto Exchange; AGRICUNIA Bio Organic Farm that is currently producing healthy products in markets; JOINTIUM social media network akin to like Facebook; PANGRAM.CITY video streaming platform which is similar like YouTube; AFRICUNIA-DEX and many other products. Get to know the people that you will also be lending your money to, thus promoting reality verses virtual. Cryptocurrencies are only providing us ideas on how financial institutions should be runned affectively. In conclusion for 2022 project, I would recommend www.africuniabank.com and its huge ecosystem.

How to earn on crypto loans?

Earning on crypto is very simple you can actually deposit some funds directly from bank account or crypto which can be used as a collateral in AFCASH tokens or stable coins. Loan can be acquired by also by paperwork submissions in areas/places/countries where the bank is operating from, civil servants, govt workers and non governmental workers will be encouraged to apply. These loans vary from short term to loan term loans from weeks, month, and years.

What are the main risks in the crypto lending process?

There are many risks in crypto lending process; 1. Due to volatility in price movements, you end up making huge losses and fail to reply the loan. 2. Crypto platforms are exposed or open to many attacks like script attacks, rugpulls, and hashing attacks. Projects without known location would disappear without trace at any given time.

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.

Crypto Article Author

Which crypto lending platform would you recommend and why?

Compound finance.. this is because they are centralized and they use collatratelization method to provide these loans. And they give opportunities to the community to gain more through their services.

How to earn on crypto loans?

You can become a lender by putting money to their pools and staking, which they give good APY for their user's. You will have stable returns from your investment.

What are the main risks in the crypto lending process?

Liquidation call, when the value of loan is exceeds the value of your collateral, you will get a liquidation call. This is is the risk found on compound finance.

Active trader

Which crypto lending platform would you recommend and why?

'AAVE' is quite renowned in this factor for me but because of ease and easy access to the services i would say 'binance'. The people i know of mostly use this 'Binance' platform because they get all of the services they need with easy access. Hm, but they have a con regarding their user interface of application as well as website which I'm highly unsatisfied with.

How to earn on crypto loans?

When the lenders give crypto loan to borrowers, these borrowers offers thier crypto assets as collateral so, this lenders can earn from the intrest rates monthly or weekly.

What are the main risks in the crypto lending process?

There are many risks included like fraud and security risks, uncollateralized lending and also collateral asset value drop(now that's a huge risk that leads to loss one way or another). If not understood carefully it may certainly cause financial harm.

Computer Technician

Which crypto lending platform would you recommend and why?

Binance. Why? I think choosing binance is the right choice. Because the crypto lending platform provided by binance can be done very easily. Apart from that, the undoubtedly important thing about binance is their all-encompassing security.

How to earn on crypto loans?

To get a crypto loan on Binance, you can do it by accessing the official website or software from Binance. Make sure we have a binance account first. After that go to the Crypto Loan feature. Click Start borrowing. Then Binance will verify your actions. For more details, you can check the following link https://coinmarketcap.com/alexandria/article/how-to-get-a-crypto-loan-on-binance

What are the main risks in the crypto lending process?

The most striking of the risks of Crypto Lending is the unstable price volatility of cryptocurrencies. Intermediary institutions on crypto credit are usually only used as credit in crypto currency, although there are also those who provide fiat credit.

Product 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 %.

Blockchain analyst and front end web designer.

Which crypto lending platform would you recommend and why?

Kucoin will do because they have got low return (profit) fees when it come to lending and it happens that the fees could actually last for a long while and under the same conditions the fees are unchanged. Crypto lending is actually important and Kucoin is absolutely the major platform that offers the best fees when it comes in the aspect of fees. Kucoin is actually the only exchange that I am aware of that provides such fees and this is as a result of it being a project aimed at lowing the fees either in transactions and trading and as a matter of fact the lending fees which is accessible through the Pool-X page on the Kucoin exchange and this is the only place where you can access the lend on the Kucoin exchange.

How to earn on crypto loans?

Kucoin still should hold for this. To earn via lending is easy and requires no much technicalities. How do you earn on Kucoin exchange. First,the assets are transferred to the Pool-X section. Note that any amount transferred to the pool X section is automatically out for loan and this amount is collected from the Pool-X section to the user. They amount of earnings for each loan is actually analyzed by the system and for every amount it is different and requires a different amount. They more the lending the more the profit gotten in return. To start, Sign up on Kucoin exchange and move funds from the main account to the pool X account then place the amount you would want to loan to any user available. And the earnings after stipulated days are transferred directly into your Wallet.

What are the main risks in the crypto lending process?

Well, since my lending on Kucoin I haven't actually seen a risk for now but on a more important note everything on crypto is very risky and in my own part I might say that the problem or the risk involved might be users or the lender being unable to pay back even after the stipulated time offered to the user and most at times the receiver might probably logout of the exchange or even close down the account after taking the loans just like other forms of financial institution because in this case the lender actually provides no fees or collateral in returns and tracing the location might also take time but on the side of the exchange the will take out time to prevent the user from making transactions whereas the user has already taken away funds and Left the account.

Crypto 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

Sales

Which crypto lending platform would you recommend and why?

Crypto.com but before I get into why it's one of the best options let me state this first this year and the coming years we will see many more options and there is already a fair amount of good platforms, blockfi,coinbase,crypto,kucoin so many but crypto.com besides being one of the biggest it signed a 20 year deal with the staples center pretty much locking in their position in the crypto field. They have a credit card you can get , staking options, loan options, where you can take a loan against your crypto or even loan out some of your crypto, the fees are decent and the benefits it provides to customers is also top notch

How to earn on crypto loans?

When you loan out your crypto through the website or company your crypto is safe and secure you gain rewards or more crypto for tying your money up or loaning it out

What are the main risks in the crypto lending process?

I don't believe there is any risks as the company takes on the responsibility of course u suppose loaning or staking crypto there is always a risk that the market will blow up or drop so not having it on hand to sell could be a risk

Software Engineer

Which crypto lending platform would you recommend and why?

Binance is the best platform due to their nature of evolving and pushing new boundaries in the blockchain technology - as well as giving complete listing of the stock options and futures .

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