money: 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.

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

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.

Businessman

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

Librarian

Which crypto lending platform would you recommend and why?

Xend finance is perfect project. Because they use bsc,ethereum, polygon ecosystem. Xend Finamce $XEND is futures money, token and payment. Go to Moon !

What are the main risks in the crypto lending process?

Futures is very dangerous. Because 5x + margins have too many risks. That risks are liquiditaion. E.t. 100 usdt will 0 usdt. Cok riskli ve spot alım en guzeli

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

Driver

Which crypto lending platform would you recommend and why?

Balance. The most simple, reliable and effective crypto platform in my opinion. It was founded in 2017. Has been serving the community for several years now. They have development, they are constantly adding new projects. I will especially emphasize the Dot auction - this is an example of how credible it can be. As well as various methods of cashing in or buying that make it comfortable. Another innovation from their side is the NFT market. And it is very important crypto sticking (30-60-90days) without risks. Stacking in pairs is a bit risky, but other exchanges are not as sophisticated. All of this tells them that balance is best. thank you very much.

How to earn on crypto loans?

There are various ways to generate money through cryptocurrency: 1- Buy cryptocurrency and keep it for several years. 2-Buy every month for the same amount, the price does not matter and you will make a profit in 3 years. For example, buy $ 100 cryptocurrency on the 5th of each month. 3- Buy on each dip and sell on the increase. Also on the stock exchange though the latter carries high risks. 4- Buy and stake. 5-Participated in new defai projects and lots of other things. But keep in mind that there are always risks and you have to choose well which cryptocurrency you are buying. thank you very much.

What are the main risks in the crypto lending process?

There are many risks when buying cryptocurrency. The platform where you buy, it is necessary to be time-tested and reliable, otherwise the platform owners can cancel it and lose what you put. Also, if you buy in a decentralized wallet, you may lose liquidity. It is also possible for prices to fall globally and if you do not have a solid nerve you can sell at a loss. Also scammers who are very active and if you switch to an unwanted link you will completely lose everything you even have. thank you very much.

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 .

Author

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.

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