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The loan-to-value ratio is the related difference between the loan amount and the current market value of the collateral. The higher the LTV, the more loan funds you will receive, but at the same time the margin call will be higher.
Loan Term
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.
Monthly Interest
Interest rate is accrued every month from the moment of getting the loan and is paid at the moment of full or partial repayment of the loan
How to Lend Ethereum
We make it easy to get and manage your crypto loan.
Set up your loan using Ethereum as a collateral option, then confirm it with your phone number as the main contact channel and your payout stablecoin address where you’d like to receive your funds.
Send us the collateral and we will send you the loan amount onyour payout address without any delays and additional checks.
Use your loan as long as you want. We will just draw your attention on the rate of your collateral currency in time.
At any moment you can pay your collateral back. To do this, you need to pay the full price of Repayment, and when we get it, we return your collateral.
What is a Ethereum Loan?
Throughout the existence of cryptocurrencies, ETH has been the main rival for Bitcoin. Although Bitcoin still commands the larger share of the crypto space, ETH has managed to evolve to cover other aspects of blockchain technology that Bitcoin isn’t involved with.
Today, Ether is the leading cryptocurrency used in the Ethereum blockchain and is used to make payments on the platform. The Ethereum blockchain allows for smart contracts and NFTs to be implemented and executed seamlessly. These two developments under the Ethereum blockchain have led to significant growth of cryptocurrency in general. Today, it is possible to get an Ethereum loan from online platforms such as CoinRabbit.
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What is an Ethereum loan?
Well, what exactly is an Ethereum loan? An Ethereum loan is a loan that you can take out on the CoinRabbit platform while using ETH as your collateral. Today, CoinRabbit allows you to have crypto loans instantly by using some common cryptocurrencies as your collateral. ETH is one of the earliest cryptocurrencies to be adopted by the CoinRabbit platform.
With the current market rates, you can use one ETH to get a loan of up to 1183 USDT on the CoinRabbit platform. This value changes rapidly over time, depending on the market volatility of the underlying cryptocurrency.
What is the difference between Ethereum and Bitcoin?
Although Bitcoin loans have been common, there’s no difference between Bitcoin loans and ETH loans on the CoinRabbit platform. Today many crypto enthusiasts have grown to trust ETH just as much as they trust Bitcoin.
However, there are fundamental differences between Bitcoin and Ethereum. For instance, Ethereum is based on blockchain 2.0, while Bitcoin is based on blockchain 1.0. The most significant difference between the two is that Bitcoin is nothing more than a cryptocurrency, whereas Ethereum is a distributed ledger that allows for far more than basic financial transactions. Ethereum allows for the development of smart contracts that help companies and organizations to build actual applications on the blockchain.
Ethereum is more than just a cryptocurrency since it offers more functionality compared to Bitcoin. For this reason, ETH lending and borrowing have been on the rise.
Why take an Ethereum loan?
There are several reasons to take a loan, either from your traditional financial institution or from more efficient online platforms such as CoinRabbit. However, the reasons for taking an Ethereum loan remain the same as taking any other loan. Although, there are several new opportunities investors can take advantage of with Ethereum lending. Below are some of the reasons for taking out ETH loans.
- Ethereum loan helps you to save on tax
- You can take advantage of crypto hedging
- It is much easier and efficient to acquire an ETH loan
- Minimizes risk due to price crypto price volatility
- Transparent and free repayment plans
What you should know about ETH loans?
Before you decide to take out an ETH loan, there are a few things that you need to know. CoinRabbit offers ETH loans that allow you to receive loans in Tether USDT or USDC Coin. The type of stablecoin you choose entirely depends on you. In the screenshot below, it is evident that for 1 ETH as collateral, you can have up to 1189.45 USDC as your loan amount at the time of this writing.
Ethereum Loan Advantages on CoinRabbit
- There are a couple of crypto loan platforms on the internet today; however, not all of them have a credible record as the ETH loans offered on CoinRabbit. CoinRabbit offers its clients several advantages when taking out an Ethereum loan that many platforms do not offer. Below are some of the significant benefits of Ethereum lending on CoinRabbit .
- CoinRabbit allows its users to access ETH loans without any form of registration or background checks. This is a massive benefit for many people with cryptocurrencies who cannot acquire loans from traditional financial institutions due to poor credit history.
- Similarly, CoinRabbit offers its users a favorable repayment plan that suits their arrangement and needs. For instance, with ETH loans, you get an unlimited loan term with highly flexible repayment plans.
- Unlike many Ethereum lending platforms that offer 15% Annual Percentage Returns, CoinRabbit offers its users an impressive 14% Annual Percentage Return.
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What you should know
Ethereum lending is calculated based on the current market value of ETH. If the value of ETH rises, you get loan access to more USDT or USDC depending on your stablecoin of choice.
Similarly, during ETH lending, if the value of ETH reduces, the value of stablecoins that can be loaned out for 1 ETH reduces proportionately.
Ethereum lending works differently on different platforms. However, it has been made extremely simple on CoinRabbit. On CoinRabbit’s Homepage, you can easily navigate to the Loan Calculator. You select the amount of Ethereum you want to use as collateral, and the loan calculator will automatically show you how much you’ll receive in the form of Tether USDT or USDC.
As expected, the crypto market is highly volatile, as prices fluctuate infinitely. However, CoinRabbit allows you to have a stable agreement with them where your transactions are recorded based on the prevailing rates when taking the ETH loan.
When repaying your ETH loan, you pay the initial borrowed cryptocurrency amount + interest rate regardless of ETH’s current rate.
On CoinRabbit, it is easy to loan Ethereum. Navigate to CoinRabbit’s Ethereum loan calculator and enter the amount of ETH you wish to use as collateral for your loan.
On the right side of the calculator, there’s a dropdown to determine between USDC and USDT. Once you’ve chosen, click on "Get Loan."
You will see a new screen that asks you to fill in your phone number and your USDC/USDT address. Enter the correct details and press "Confirm."
Usually, the loans are processed very fast on CoinRabbit. The average waiting time is approximately 5-15 mins depending on the amount involved. Similarly, refunds are processed immediately after the repayments are made.
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To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.