Ethereum is on the rise these days, and selling it now to take profits doesn’t look like the best idea. The coin has made a 37% increase in the last month, and the ongoing transition to Ethereum 2.0 promises to keep the coin’s value growing further.
But what if you need some extra crypto now while having Ethereum stashes that you don’t want to sell? Taking an instant Ethereum loan is a solution.
An instant ETH loan is when you deposit some Ethereum on a lending platform and get a loan in a stablecoin in return.
On CoinRabbit, you can take a loan either in Tether (ERC20 or TRC20) or USD Coin. The loan is issued at a 50% loan-to-value ratio: for deposited Ethereum worth $1,000, you will get a $500 loan.
After you get an instant Ethereum loan, 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.
An ETH loan instant gives you many opportunities while being very easy to take. Here are the perks of such a loan:
Here’s what the experience of taking a loan on CoinRabbit looks like:
The only piece of private information we ask you for is your phone number. However, we don’t use it to identify you: rather, it serves as credentials for entering the account where you can track your loan.
There is one major criterion for good collateral: the probability that it will hit the liquidation price (and thus will be sold) is low. According to our LTV, the price of Ethereum should drop by 50% before we sell the collateral. How possible is it, though?
At the time of writing, Ethereum is trading at $3,200. We haven’t seen ETH at $1,600 since March, and the current news related to Ethereum 2.0 transition keeps the cryptocurrency growing. CoinRabbit doesn’t make price predictions, but we assess the chance of Ethereum going down to $1,600 today as low, which makes ETH good collateral.
Either way, whenever a crypto price is dropping towards liquidation, we warn you several times so that you have time to think and withdraw your collateral if you want to.
Here is how to get an instant Ethereum loan on CoinRabbit:
Congratulations! Now, you have stablecoins for the purpose you’ve planned. To track your instant Ethereum loan no credit check, hit the “My loans” button at the top of the page:
There, you will see the status of your loan, how much interest accumulated, and how far the collateral is from liquidation. If you have any other CoinRabbit loans, they will also be displayed there.
CoinRabbit allows using the following major cryptos as collateral: BTC, ETH, XRP, DOGE, BCH, XMR, NANO, DGB, FIRO. A family of Ethereum-based tokens is also available: UNI, LINK, BAT, BNT, COMP, ENJ, MKR, ZRX, and others. See the complete list on our main page.
Now that you know how to get an instant 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, too. See our Tether lending instruction to start earning with stablecoins today.
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