In previous articles, we have already told you how beneficial a crypto-loan is as a financial tool that allows you to make a profit in any market conditions.
The obvious advantages of crypto loans:
- It’s fast
- It’s anonymous, no KYC or credit check is required
- You can take a loan from literally anywhere
- The loan allows you to get liquidity while you hold your assets
Today we’re going to talk about the not so obvious benefits of crypto loans. We picked 12 best tips and tricks which help make your loans on CoinRabbit even more profitable.
1 If the exchange rate of the collateral currency goes up, your loan does not change. You keep all the profits. That’s the main benefit of crypto loans.
2 Most people don't know, but loans are a non-taxable event because there is no direct profit in the loan transaction as in trading or exchanges. So you can safely take a loan and invest it in major purchases.
3 Partial payment of the loan debt not only reduces the monthly cost of the loan, but also reduces the liquidation price.
4 You can top up the collateral of your loan as many times as you want, adapting to the market. If you consistently increase the collateral in time, your loan will never be liquidated.
5 For extra backup, you can take out a loan and immediately increase its collateral amount. This will lower the liquidation price and allow you to sleep well at night.
6 CoinRabbit is the fastest coin adoption service on the market. Service provides more than 62 coins and 5 stablecoins, and the list is growing weekly. So there's a good chance that your favorite coin is already available in the service.And if not, tell us about it as soon as possible via our Telegram channel.
7 The loan is paid with the exact coin and network in which you received it. We understand, it’s easy to get confused, especially with Tether and SHIB so it’s always a good idea to double check the network.
8 After taking a loan or buying back collateral you’ll receive the funds within 24 hours (but usually it takes only 1 hour) on the provided wallet address.
9 Do not reuse the same addresses for repeated transactions. CoinRabbit generates a unique safe address for each transaction. We'll always help, of course, but it's better to get your money sooner, right?
10 Any funds we receive first go through the processing system and are thoroughly checked so that no “dirty” money gets into the system. The checks are done automatically. It might take some time but helps us to keep the platform safe.
11 All funds that CoinRabbit receives from clients are in no way used by the service to sell or get additional liquidity. Assets are safely stored and not used by the service. Your funds are completely safe, we keep them as the apple of the eye.
12 You can earn additional income with CoinRabbit. To do this you only need to join our referral program and earn a monthly profit from anyone who takes out a loan or puts assets in a savings account through your link.
As you can see, the possibilities of crypto loans are huge. Use them for whatever reason you want but don’t forget our tips and tricks! And we will always be here, providing the best crypto loan terms for you.
Rethink forward crypto loans with CoinRabbit.
Not financial advice. Do your own research and take everything moderately. Crypto-backed loans have their own risks that should be taken respectively.