Sometimes it happens that we need some extra money, but selling our crypto stashes doesn’t look like a good idea. In this article, you will learn how to take a stablecoin loan using your Monero as collateral. We offer instant Monero loans at 10% APR with no monthly payments and the unlimited loan term.
An instant XMR loan means you deposit Monero as collateral and receive some stablecoins in return — Tether ERC20, Tether TRC20, or USDC. While we store your coins in a protected vault, use your new money for trading, investing, or buying something. Monitor your loan status (accrued interest, liquidation price): log in to CoinRabbit with your phone number.
When you are ready to return your collateral, repay the loan sum, accrued interest (there are no monthly payments — interest is only paid once at the end of the loan), and a transaction fee. Your cryptocurrency will get back to your wallet: the exact amount you deposited as collateral.
An instant Monero loan with no verification gives you a number of opportunities inaccessible when you just sell your XMR:
After receiving your loan, feel free to log in to CoinRabbit at any time to check the loan details. If you take other loans on CoinRabbit, they will also be displayed there as separate loans.
Besides an instant Monero loan, you can borrow stablecoins with the following coins as collateral: Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Ripple XRP, Nano, and DigiByte. ERC-20 tokens such as UNI, COMP, MKR, and others are also available as collateral options:
Stay tuned with our Twitter and don’t miss when new collateral options are added! To learn more about how CoinRabbit works and how to get an instant Monero loan, check out the FAQ at the bottom of our main page.
Not financial advice. Do your own research and take everything moderate.
Crypto backed loans have their own risks that should be taken respectively.
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