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
We make it easy to get and manage your crypto loan.
Set up your loan using Tether (ETH) 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.
A Tether (ETH) loan is a loan issued in the form of Tether USDT on the Ethereum (ETH) network, whenever a verified cryptocurrency has been deposited as collateral. Tether (ETH) loans have become increasingly common as USDT has grown to become one of the most reliable stablecoins in the market today.
Many crypto users prefer Tether USDT to other stablecoins because of its direct dependence on the US Dollar, which essentially makes it a direct mimic of the US dollar except that it exists as a digital asset.
There are fundamental differences between Bitcoin and USDT (ETH). For starters, Bitcoin is a highly volatile cryptocurrency while USDT is a stablecoin. Well, what’s the difference between a specific cryptocurrency and a stablecoin?
Bitcoin is a pioneer cryptocurrency with several trading pairs in all exchanges across the globe. However, it faces a significant volatility issue that is often not desirable to traders and investors. For instance, in March 2020, Bitcoin’s volatility within 30 days peaked at 167.2%, according to this report.
USDT was created to solve the issue of volatility amongst cryptocurrencies. USDT derives its value from the US Dollar, a relatively stable fiat currency. Usually, USDT has a 1:1 ratio with the US Dollar.
USDT (ETH) loans are provided to CoinRabbit users in the same way other crypto loans are offered. CoinRabbit fundamentally disburses its loans in the form of USDT or USDC. Similar to other crypto loans offered on the platform, USDT lending can only be done upon depositing accepted cryptocurrencies as collateral. At this time, CoinRabbit accepts BTC, ETH, DOGE, XNO, and XRP etc. The company has also publicly announced that they are adding more cryptocurrencies as collateral, such as EOS, BNB, XLM, LTC, LINK, and BSV.
Tether (ETH) loans are incredibly beneficial to crypto investors and traders. CoinRabbit provides loans in USDT primarily; however, you can also access crypto loans in USDC. USDT lending has become the most popular lending strategy for lending out cryptocurrencies since crypto users like the coin’s stability. Here are some reasons to take part in USDT lending and borrowing.
- USDT (ETH) loans protect you from the extreme market volatility of other cryptocurrencies.
- USDT (ETH) lending allows investors to take their cryptocurrencies safely as collateral as they enjoy loan benefits.
- It is quick and efficient to take Tether loan.
- Tether (ETH) loans allow investors to reduce their tax obligations legally.
- USDT (ETH) loans allow crypto users to practice crypto hedging or short selling, which significantly minimizes investment risks.
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Tether (ETH) lending is relatively straightforward. You can quickly deposit your crypto as collateral and get USDT (ETH) stablecoin as your loan. Usually, USDT (ETH) loans are disbursed in USDT, but investors use other coins mentioned above as collateral.
CoinRabbit has managed to make the entire USDT (ETH) lending process highly effortless to its users. The process involves depositing specific cryptos as collateral and providing your USDT (ETH) wallet address to where your USDT (ETH) is sent. Typically, the USDT (ETH) lending process only takes a few minutes.
The changes in the collateral’s currency rates have no impact on your initial loan buy-back agreement. CoinRabbit honors its agreement with you from the beginning.
Once the loan is repaid in total, including the accumulated APR, you’ll receive the exact amount of collateral you deposited.
To loan USDT (ETH), you go through four simple steps on the CoinRabbit platform. Navigate to the USDT (ETH) loan calculator and enter the details required.
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.