Last Updated on December 22, 2024 by Olga
As we approach the end of 2024, Ethereum has been on an extraordinary upward trajectory, with its price surging by an impressive 66% over the last month, positioning it as the second-largest cryptocurrency by market cap. While still trailing behind Bitcoin by a significant margin, Ethereum’s valuation has far surpassed Tether, the third-largest crypto, by more than three times. But what if you’re holding onto your Ethereum and don’t want to sell, yet need access to liquidity? An Ethereum loan could be the perfect solution to unlock the value of your crypto without parting with it.
What is an Ethereum loan?
An ETH loan is a process where you use your Ethereum as collateral on a lending platform to receive a loan in a stablecoin, such as USDT or USDC. This allows you to unlock liquidity from your ETH without selling it, while the platform holds your Ethereum as security in case the loan is not repaid.
On CoinRabbit, you can take an Ethereum loan either in Tether (ERC20 or TRC20) or USD Coin. Your ETH will be securely stored in protected wallets not involved in any operation. Only several IP addresses can access these wallets via VPN, and their balances are checked every second by a risk control system.
Why take an Ethereum loan?
An ETH loan instant gives you many opportunities while being very easy to take. Here are the perks of such a loan:
- It allows you to leverage the potential of your crypto without selling it. When your assets are lying in your wallet, they only bring you the profit when their price grows. But if you use them to get a loan and invest this money, you can get extra profits.
- You can use it in many ways. If you get an Ethereum loan, you can invest the money in other rapidly growing coins, put them in all sorts of DeFi protocols including those allowing for yield farming, or spend on any kind of purchase in or outside the crypto market. You could also use the funds to explore top crypto coins to buy, maximizing your portfolio’s potential without having to sell your Ethereum.
- Your Ethereum will still be yours, and you will profit from its growth. We will serve as temporary storage for your coins, and you can get them back at any moment.
And if you want to dive deeper into the world of crypto and Web3, we recommend exploring valuable insights through our guides. Check out topics like Best Web3 Social Media Platforms, Top Crypto Podcasts, and How to Invest in Web 3.0 to enhance your knowledge and stay ahead of the curve.
Why choose CoinRabbit as a lending platform?
Here’s what the experience of taking a loan on CoinRabbit looks like:
- It’s fast. A three-step process to get a loan will take you just a few minutes.
- It doesn’t require a ton of verifications and paperwork. Get your Ethereum loan with no verification, registration, and KYC required. No registration means you won’t have to bother remembering your login and password, and no KYC means you can leverage the service right away with enhanced privacy.
- No credit checks. Unlike banks, we don’t ask you to show any documents proving your credibility. If you have an amount of collateral enough for taking a loan, you can do it irrespective of your citizenship, location, and credit history.
- Repayment whenever you want. CoinRabbit never locks your funds — you can return your collateral at any time.
- Competitive interest rate.
- No monthly payments. You only pay interest at the end of your loan period (when you come back to return your collateral). Before that, no payments have to be paid.
- Unlimited loan period. Get your Ethereum loan with no credit check for as long as you want — feel free to take profit from your borrowed stablecoins for months or even years. Repay the loan whenever you’re ready.
- Good user reviews on Trustpilot and other platforms
A step-by-step guide for getting an Ethereum loan
Here is how to get an instant Ethereum loan on CoinRabbit:
- Go to our website and find the loans form. Set Ethereum as the collateral currency, select your loan currency, and enter the amounts:
- After clicking “Get Loan”, we will ask you to confirm the details, enter your stablecoin address, and verify your phone number:
- Once you’re all set, send Ethereum to the displayed address. After we receive your collateral, the loan will be sent to you immediately.
Congratulations! Now, you have stablecoins for the purpose you’ve planned!
What other cryptocurrencies can I use as collateral?
CoinRabbit allows using major cryptos as collateral, such as, but not limited to: BTC, ETH, XRP, DOGE, BCH, XMR, NANO, DGB, FIRO, and others. See the complete list on CoinRabbit main page with crypto loans.
Final remarks
Now that you know how to get an Ethereum loan, you are ready to leverage your crypto stashes without selling them. If you invest your borrowed stablecoins in promising protocols, you can get good returns. But how about earning a predictable passive income? CoinRabbit has such an option! Find out how does Tether make money to start earning with stablecoins today.
