Bitloan, digital currency lending service in the exchange pin bit which provides its users with the possibility of receiving Rial loans up to 40 million Tomans in exchange for cryptocurrency collateral.
Bitpin digital currency exchange, officially from its new service, Bitloan, unveiled This service is a privilege provided to Bitpin digital currency exchange through the Vanci platform.
Vansi is a platform that obtains credit from banks and some prosperity innovation funds by pledging agreed items such as property and promissory notes, and then offers this credit to the Bitpin exchange in the form of loan pois. Bitpin exchange also provides the user with a loan provided by the Vansi platform by taking collateral in the form of digital currency from the user. Bitpin users can, by using the Bitloan service, by depositing some digital currencies, in the form of Online And in The shortest time possiblereceive their requested credit, if a user does not pay his loan installme on time for any reason, Bitpin exchange will have the authority to sell the pledged digital currency to reduce the lending ratio of digital currency to the asset value. .
Since the emergence of digital currencies uil today, the global economy has experienced many changes and significa changes have been made in the financial markets; Lending with digital currencies is also an example of these changes and developmes, and it is expected that these types of loans will gradually replace traditional loans.
In the process of getting a digital currency loan, people can get crypto loans from exchanges by depositing specified cryptocurrencies. This type of lending is one of the thousands of applications of blockchain technology in the field of DeFi (deceralized finance) and with its increasing developme, the use of crypto loans among active users in this field is increasing. Advaages of taking a loan with digital currencies High security, Low ierest rate, Diversity in the choice of cryptocurrencies And The high speed of receiving these loans Is.
What is Bitloan service?
Bitpin digital currency exchange, benefiting from strong security infrastructure, always tries to provide new services in the field of blockchain and especially in DeFi matters, and in this regard, it has officially unveiled the new Bitloan service. Bitloan serviceOne of the new Bitpin services for users of this platform is the possibility of receiving crypto loans up to The ceiling is 40 million tomans in exchange for depositing specified digital currencies – currely, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC, BUSD and DAI – Provide.
Getting a crypto loan with the Bitloan service is as fast as possible and online, and as soon as the loan is received, the deposited digital currency will be locked and cannot be traded or withdrawn uil the full settleme and payme of all installmes. In fact, uil the full settleme of the loan, Bitpin will be the custodian of the user’s cryptocurrencies, and the locked balance will not be removed from the user’s accou in any way.
What are the conditions for receiving Bitloan?
Bitpin users will need to:
- Register and verify your ideity in Bitpin digital currency exchange Level 3And higher Do.
- specified digital currencies and the required amou of them to receive a crypto loan, In Bitpin wallet have their own
Terms of payme of installmes and full settleme of Bitloan
Bitpin users, for Paying mohly installmes, they will not need to go to the bank portal and can settle the installmes using only the balance of their wallet. Of course, if the balance of the user’s wallet is not enough, it is possible to pay the installmes directly through the bank portal. Users can settle their loan and release their deposited digital currency by paying off the loan moh by moh uil the end of the repayme period. In addition, it will be possible to repay the loan at any time by paying the sum of all the installmes. Full settleme to do
In the process of taking a loan with digital currency, when the value of the deposit falls below a certain threshold, the Bitpin exchange will ask the user to increase the digital asset of his accou to maiain the loan (Margin Call) and Add to your margin; Since digital currencies are very unstable in the short term, the probability of this happening is high, and in such a situation, it is even possible that the lending exchange may transfer some of the user’s digital currencies with prior notice and to reduce the lending ratio of the digital currency to the asset value. to sell
Of course, Bitpin digital currency exchange has taken various measures to solve this concern:
If the time to pay the installmes of the received loan is approaching, Bitpin experts and support team, via email and SMS inform the user and even if the se email or SMS does not reach the user for any reason, the Bitpin call ceer team will coact him and Necessary information and guidance will provide him with In addition, dear Bitpin users can reduce the risk of their loan deposit being liquidated by increasing the amou of the deposit at any time.
Guide to receiving Bitloan in Bitpin
After completing all the steps and conditions necessary to receive a Bitpin crypto loan, to start registering and receiving a loan, the user must first eer the Bitloan page, which is indicated by the term “insta loan” on the Bitpin platform, and click on the term “loan request”. .
In the next step, select and record the requested amou by moving the bar lever and the amou of guaraee for the loan from among the digital currencies in your wallet. The user can change the loan repayme period from 3 to 9 mohs depending on their conditions and view the mohly installmes, the total installmes and the operational cost in real time according to the requested amou and guaraees.
After registering the request, the user can get a digital currency loan at waiting list will be placed in the face Verification of information, will be directed to the stage of “providing a guaraee”. Finally, after reading the text of the crypto loan coract and confirming it, the user must Code received in email And eer the SMS and go signing agreemeto click After completing the registration process, the crypto loan is deposited io the user’s accou as soon as possible, and the user can transfer this credit to his bank card; The payme of crypto loan installmes will also be done from the same panel of Insta Bitpin loan.
Final speech
In this article, we iroduced Bitloan, the digital currency lending service of Bitpin exchange; This service is suitable for digital currency holders who need money very quickly and at the same time do not wa to sell their digital assets. These holders can use the Bitloan service after registering in the BitPin exchange and depositing Specified digital currenciesuil the 40 million ceiling Toman, In the shortest possible time and as Online get a loan
Bitpin users will not need to visit a bank portal to pay installmes and can settle their installmes using only their wallet balance. In addition, it is possible for the user to settle his loan at any time by paying the sum of all installmes; Bitpin uil the loan is fully settled. Custodian of the user’s digital currencies and will not remove the locked balance from his accou in any way.
Frequely Asked Questions
Bitloan is a type of digital currency lending service of the Bitpin exchange, which provides the possibility of receiving Rial loans up to 40 million Tomans in exchange for pledging some digital currencies, completely online.
- What are the conditions for receiving Bitloan?
In order to receive a BitLoan crypto loan, users must register with the BitPin exchange, autheicate to level 3 or higher, and have some listed cryptocurrency in their BitPin accou.
- What happens if the asset reaches the threshold of liquidation of the collateral?
In such a situation, the borrower must increase the amou of digital assets in his accou to maiain the loan; In some situations, the lending exchange may sell some of the collateralized digital currency to reduce the LTV ratio.
- What digital currencies can be pledged to benefit from Bitloan?
Users of the BitPin exchange can deposit specified, promine and popular digital currencies to receive BitLoan crypto loans. Currely, these cryptocurrencies are: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC, BUSD, and DAI.
