Which of the crypto wallet permit loans on their platform?

[Pousinha]

I've been searching for that crypto exchange platform that has the option of lending Cryptos to its esteem users without collaterals. As long as you did KYC verification with them. Do you think its possible to get loans from such kind of exchange platforms if they are operating on such level??

Probably, there is Kucoin. This platform is growing at the point to get compared to Binance. I see there is the possibility to lend and to borrow a large number of cryptocurrencies, for ex. USDT, bitcoin, BCH, etc. I suppose this means it's possible to get loans. But look, I never made use of this function, as I'm not interested to get loans, so I'm sorry I can't be more specific.

 

[Sotherefore]

Cryptocurrency wallet is meant for for storage of cryptocurrency either for long-term or short-term investment and I think there is no possibility of getting a platform that will be giving you loan to buy cryptocurrency now, this is impossible.

 

[GIFTMICHAEL]

I think Okex, Binance has that option as directed by a member here. I know of binance, i never knew that Okex has such feature of loan disbursement. But the system to take those loans is what i don't really know about.

 

[Kelly5]

Since I am not one of a person who is actually interested in colleting loans form of any kind or form from any financial body, I have not actually paid much attention to such in cryptocurrency platforms

 

[Senator]

I think most crypto wallets wouldn't have an issue giving out loan. Provided you have done your KYC verification and that is important. Most companies that have online payments are gladly giving out loans.

Yes I think so too. Most cryptocurrency wallets shouldn't have a problem in giving out loans as long as they've conducted their Know your customer KYC on you adequately

 

[Nomad]

If you want to get loan against your crypto assets, you can try nexo. Nexo is a crypto bank that gives you loan as well as interest in your deposit. I have been using since some time

 

[Sincerem]

Probably, there is Kucoin. This platform is growing at the point to get compared to Binance. I see there is the possibility to lend and to borrow a large number of cryptocurrencies, for ex. USDT, bitcoin, BCH, etc. I suppose this means it's possible to get loans. But look, I never made use of this function, as I'm not interested to get loans, so I'm sorry I can't be more specific.

Its nice you brought up Kucoin as option like binance to take crypto loans. I think it will work like binance though, they'll need collateral, in order to disburse the loan to the borrower.
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Like I said there definitely would be a reason that didnt verify you in the first place, maybe if you tried reaching out to them to find out you could have worked on it

Hmm, I tried all i could there for days, but it seems I'm punishing myself trying to get going with their exchanger. That made me to dump it, and I'm not feeling the nightmares of not creating account there, since binance works well for me.

 

[Tundeoguns1]

Well, pertaining to the question which of the cryptocurrency wallet permits loans on their platform. I have not see any or such that loans out a requested amount of coin to their users, an individual is expected to have a capital to invest into the cryptocurrency wallet

 

[GIFTMICHAEL]

Even though binance and Kucoin permit loan borrowing, i won't still take loans from their exchangers cos i know the repayment interest gonna be bizarre enough.

 

[tyrim88]

I think the cryptocurency platform i know that has such features of getting crypto to be paid later with some interest is binance,though i have not really tried getting a loan from them before.

 

[mcjerry]

I've been searching for that crypto exchange platform that has the option of lending Cryptos to its esteem users without collaterals. As long as you did KYC verification with them. Do you think its possible to get loans from such kind of exchange platforms if they are operating on such level??

Crypto.com has a loan section on the website and likewise binance exchange. You can take loan on any of the two that I mentioned. But there is no way you will take loan that you will not give something as collateral.
Like on binance exchange. You will have an amount of another coin equivalent to the on you want to borrow. So if you are aiming to take crypto loan, you must drop something as collateral.

 

[Justin]

You can try nexo or celsium. Both of these platforms gives you interest on your crypto deposits and also loan against your crypto deposit, These platform use your crypto asset as collateral.

 

[Sincerem]

Crypto.com has a loan section on the website and likewise binance exchange. You can take loan on any of the two that I mentioned. But there is no way you will take loan that you will not give something as collateral.
Like on binance exchange. You will have an amount of another coin equivalent to the on you want to borrow. So if you are aiming to take crypto loan, you must drop something as collateral.

You're right, before taking loan from any of the aforementioned exchange platforms a collateral is needed. And Binance demands the loan seeker to have same equivalent of crypto stored on his or her wallet.

 

[Sotherefore]

You're right, before taking loan from any of the aforementioned exchange platforms a collateral is needed. And Binance demands the loan seeker to have same equivalent of crypto stored on his or her wallet.

Anything concerning cryptocurrency is extremely volatile , so I don't really see the need for people to take a loan when it has to do with the volatile market because you might even be at risk of losing everything, then what will be your fate ?

 

[HayKay]

Bro, I think the major reason why you do KYC on these sites is to ensure that you can be easily traced in the event of fraud. No crypto platform would give loans and if I owned one I wouldn't dare it too because of how devious humans can be.