Sometimes we all need some extra money that we don’t have at hand — for investing in the rapidly growing cryptocurrencies, for making especially big purchases, and so on. A traditional way to borrow money is going to a bank — however, that requires much time and paperwork, and you never know if you’ll ultimately get the money.
Taking an instant USDC loan is how you can profit from your cryptocurrency without selling it.
An instant USDC loan allows you to borrow some USD Coin against collateral in such cryptocurrencies as Bitcoin, Ethereum, Monero, and many others.
Here’s how it works: you deposit your crypto on a lending platform that securely stores it in cold wallets, and the service sends you the USDC loan instantly. The sum of the loan depends on the service’s loan-to-value ratio — in CoinRabbit, it’s 50%, so if you deposit Bitcoin worth $2000, you will get $1000 in USDC.
If you get an instant USDC loan, you can still profit from your collateral’s price growth: when you come back to repay your loan, we return the exact amount of your collateral minus interest (yearly 10%). So if the bullish trend continues, you’re not losing the value of your coins. Moreover, if you reinvest USDC in other rapidly growing assets, you’ll earn even more!
CoinRabbit’s APR is 10%, so if you borrow for half a year, that will only cost you 5% of your collateral. There are no monthly payments — the whole interest will be charged at the end of the loan period, and you can repay your loan at any moment.
To take an instant USDC loan, no verification is required — we don’t ask you to register or go through KYC; CoinRabbit offers taking an instant USDC loan with no credit check.
On CoinRabbit, you can get a USDC loan instantly — it will take you just a few minutes.
This is it! To track your loan, click “My loans” at the top of the page:
Enter your dashboard via your phone number and monitor the accrued interest, liquidation price, and other loan details.
Now you know how to get an instant USDC loan and profit from your crypto without selling it. To learn more about loans on CoinRabbit, scroll down to the FAQ section on the main page.
If you already have some free USDC and would like to learn how to get a stable passive income with it, see our USDC lending guide.
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