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What is Polkadot crypto?

  • Polkadot is a protocol that connects blockchains. It is also its native cryptocurrency DOT token which is used for governance. DOT holders are allowed decide the future of the blockchain.

Why should you consider Polkadot loans?

  • The cryptocurrency believers can use the Polkadot coin as collateral in order to get the loan for different investment purposes. Here are some Polkadot crypto straight points that proof its potential:
  • Polkadot blockchain provides interconnectivity and interoperability between blockchains, which is incompatible to each other, by allowing them securely exchange data and perform transactions without a third-party system;
  • The Polkadot network has a primary governance blockchain and many user-created parallel chains which empower the parent chain;
  • The Polkadot ecosystem can process more than 1,000 transactions per second.

Learn more about Polkadot Loans

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FAQ

What is a Polkadot Loan?IconPlus
A Polkadot token loan is the loan borrowed against a Polkadot coin as collateral. Here’s how it works: you bring some Polkadot crypto to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit Polkadot lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
How to loan Polkadot?IconPlus
Borrowing against Polkadot at CoinRabbit requires only a few minutes of your time. First of all, navigate to the CoinRabbit website. Choose the amount of Polkadot crypto you would like to use as collateral and loan currency (USDT/USDC/BUSD) in the calculator section. Confirm your stablecoin wallet address and a phone number. Finally, send your Polkadot collateral amount to receive the chosen stablecoin loan. Wait for a few minutes for everything to be processed.
How are Polkadot loans secured at CoinRabbit? Is it safe?IconPlus
All loans and client money are well secured and safe at all times thanks to several security levels, internal and external security solutions, and self-developed technologies. In addition, the team's core members are aware of and accessible 24 hours a day, seven days a week in the event of an emergency.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant loan takes no longer than 15 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Polkadot transaction.

The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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