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What is a Firo loan?

  • A Firo loan is a crypto loan where you use Firo (FIRO) as collateral. In return, you receive a loan in stablecoins like USDT or USDC. Firo offers enhanced privacy features, such as zero-knowledge proofs, ensuring your transactions remain private and untraceable while you access liquidity. This makes Firo loans a great choice for users who value privacy.

Why choose a FIRO loan?

  • Get liquidity without selling your FIRO. Use your Firo as collateral to receive stablecoins, giving you access to funds while keeping your Firo. You can reclaim it anytime.
  • Make purchases without selling. Need funds for a big purchase? Take a Firo loan instead of selling your FIRO, and repay on your own terms.
  • Capitalize on market opportunities. Ready to take advantage of market movements? Use a loan in stablecoins to invest in growing assets while holding onto your FIRO.
  • Invest for the long-term. If short-term trading isn’t your style, take out a loan in stablecoins and reinvest it in assets with long-term growth potential, all while keeping your FIRO intact.
  • Tax savings. Using Firo as collateral can reduce your tax burden.

Firo loan advantages on CoinRabbit

  • Simple loan process. Deposit your FIRO collateral, and your loan is processed in minutes. Easy from start to finish.
  • Choose your stablecoin. Select from a growing range of stablecoins that best suit your loan requirements.
  • No verification required. Get quick access to loans without lengthy verification processes.
  • Unlimited loan terms. You have full control over your loan duration. Keep it for as long as you need - whether days, weeks, or months.

Learn more about Firo Loans

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FAQ

How does FIRO lending work?IconPlus
Simply select the amount of FIRO you would like to use as collateral, and choose the currency you wish to receive your funds in. Our calculator will show you all the details, providing full transparency on the loan term.
How to take a FIRO loan?IconPlus
Taking a FIRO loan on CoinRabbit is easy. Visit the CoinRabbit website, select FIRO as your collateral and choose your preferred loan currency in the loan calculator. Then, confirm your phone number/email and provide the wallet address for receiving the funds. Send your FIRO, get your loan, and start spending.
Are FIRO loans secure on CoinRabbit?IconPlus
Yes, FIRO loans on CoinRabbit are secure. We implement multiple security measures to protect your funds, including our self-developed risk control system and cold wallet custody.
How much time does it take to receive a FIRO loan? How soon will my collateral be returned?IconPlus
Loans on CoinRabbit are processed quickly, usually within minutes. Collateral is returned right after repayment. You can repay your loan whenever it suits you — whether in a month, a year, or longer. Enjoy your funds for as long as you need them.
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