Now you can get loan on your cryptocurrency holdings like bitcoin
These loans come with no specific tenure and can be repaid any time. Interest at 12-15% per annum is lower than 12-24% charged by the banks on personal loans, along with a processing fee in the range of 2-3%.
Synopsis
Some ‘crypto banks’ have started offering credit lines to people who have digital currencies. People owning cryptos such as bitcoin, ethereum or ripple can pledge their holdings with crypto banks to get loans up to 50-60% of the asset value.
Own a bitcoin? Get a loan, if you need one, without any of the hassles that involve asking a bank.