Make your Firo work for you. Borrow stablecoins for 14% APR for an unlimited term.
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 liquidation price will be higher.
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.
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
The collateral currency liquidation rate defines at which market price your collateral will be automatically sold.
We make it easy to get and manage your crypto loan.
Set up your loan using Firo 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 on your 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.
FIRO is a privacy-focused cryptocurrency that takes advantage of zero-knowledge proofs and allows users to destroy assets and redeem them later for brand new ones without any transactional history.
Using FIRO as collateral within crypto backed loans provides you with freedom from large financial institutions with the help of its untraceable private transactions.
Low interest rates
Unlimited loan amount
No time frames
The Loan-to-Value goes up. In the, Litecoin, Bitcoin Cash, etc. is trending down.
FIRO lending is a simple and easy step-by-step process that takes only a few minutes of your time. To lend FIRO you should only select a favourable amount of FIRO you would like to use as collateral, and desirable currency to receive your funds in: USDT or USDC.
Taking FIRO loans at CoinRabbit is as simple as possible. Here is a step-by-step guide to loan FIRO. Navigate to CoinRabbit website. In the loan calculator section select desirable collateral and loan currencies: USDT or USDC; for this case collateral is FIRO. Confirm your phone number and chosen USDT/USDC wallet address. Send your FIRO collateral amount to receive a stablecoin loan amount. Wait for the loan to be processed.
It takes under 10 minutes to process the transactions and receive the loan. How fast is the pay off process? It takes around 10-15 minutes to proceed all the transactions and receive your collateral back.
Yes. We use different tools and security layers to protect your funds as much as possible such as our self-developed Risk Control System, Cold Wallet based custody, AML security layer and more.
In order to get your collateral back you should repay your FIRO loan. Once done you receive your collateral in a 10 minute range.
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.