Loan

SHIBA INU

Loan

SHIBA INU loans.
Borrow against SHIB.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is SHIBA INU?

SHIBA INU is an ERC-20 token named after the Shiba Inu dog, which serves as the community's symbol currency. The tokens are referred to as Meme Coins on the platform's official website. Shiba Inu is also referred to as the "doge-killer"

How do loans secured by SHIB work?

Lending through crypto means is one of the simplest methods for both the borrowers and the lenders to use. Different crypto assets can be used in transactions, such as SHIBA INU (SHIB) in which a borrower can get the loan in USDT and at the same time keep the ownership of digital assets. The said method omits the need for labor-intensive credit checks and paperwork, thus making the process to run faster and ultimately cutting down costs.

Lenders are the ones who can take advantage of this by transferring their cryptocurrencies such as SHIBA INU (SHIB) into a special account on the Cropty platform. The platform manager is the one who oversees the transactions between the borrowers and the lenders. Ergo, the platform is extra security. Moreover, the platform acts as a trusted middleman to the whole transaction between the two parties.

It is a beneficial option for the borrowers because it helps them to access cash while the digital assets are in their possession and they don't have to sell them. As such, it is most advantageous when the market is stable. In this way, the indebted can escape potential money problems. Besides that, this lending-fiscal system also makes borrowing easier and helps to avoid raising the credit through checks.

Those lenders who deposit cryptocurrencies which are utilized for the borrower's loan repayment system may earn interest on these deposits. In this way, the lenders may have the best use of their digital assets. Moreover, this scheme is beneficial to the two desks since borrowers may realize the opportunity of taking out loans, while lenders become the winners because they earn some profit from it.

The digital platform Cropty which is the relationship manager between the borrowers and the lenders, employs blockchain technology to ensure secured transactions without any intermediaries. This technology drastically diminishes the probability of cheating and sets a safe lending zone.

SHIBA INU Loan Calculator

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Loan amount

USDT

Collateral Required

Interest rate

15% per year

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Cropty platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on SHIBA INU? Borrow usd against SHIBA INU on Cropty

The process of getting an SHIBA INU cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers SHIBA INU cryptocurrency lending services. Then, you need to provide your SHIB as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that SHIBA INU cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on SHIBA INU? Borrow usd against SHIBA INU on Cropty

To authorize an SHIBA INU Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about SHIB Crypto Loans

SHIBA INU Loans

Nowadays, Loans backed by SHIBA INU have become the popular and reasonable alternative for the owners of this digital currency, to get money at hand. Investors in their SHIBA INU assets via crypto loan program permit themselves to have immediate cash flow without the need of selling their tokens for fiat money. Such loan, backed up by the value of the borrower’s SHIB tokens, provides absolute security and stability. So, now borrowers can easily get a SHIB loan and have the money for whatever they want, be it for investing, bill paying, or starting a new business. This one-of-a-kind method of SHIB borrowing paves the way for users to tap into the rich potential of their SHIBA INU holdings to satisfy their pressing financial needs.

SHIB as collateral

SHIBA INU, or SHIB as it is usually referred to, has become one of the best candidates for crypto lending. There are platforms that are exclusively providing SHIBA INU lending services and they allow users to either lend their SHIBA INU in order to earn interest or use their SHIBA INU as a base to borrow. These types of loans give users cash on hand right away without actually giving up their assets. Borrowers even have the opportunity of taking out loans in US dollars against their SHIB assets, thereby, achieving maximum liquidity and flexibility. Then, what is the method of SHIBA INU-backed lending? In a nutshell, people deposit their SHIB as security and can get a loan against it. These on-the-spot crypto loans become a viable option for those who need money quickly but want to keep their SHIBA INU holdings.

Loans secured by SHIBA INU interest rates

At Cropty, we are aware of the importance of competitive interest rates which is why we have designed our cryptocurrency lending program with a very attractive rate of just 9%. If you stabilize the demand for money in your personal or business life, our low-interest loans will be a very appropriate way to get cash without selling you valuable crypto.

An amazing and different feature of Cropty's crypto-lending viewpoint is that of the pledge or the collateral. In the case of a loan default, the SHIB that was put up as a pledge will be held by Cropty, and the borrower will keep the obtained Tether USDT dollars. This way, the loan recovery system is balanced and fair, thereby, both parties will benefit.

In the case of a revaluation of SHIBA INU, Cropty has an automatic liquidation process. When the value of the collateral drops under a specific minimum threshold, the loan liquidation process is activated so that both the borrower and the lender are shielded from losses caused by the market volatility.

Transparency and convenience are the main benefits of Cropty. The platform is very accessible to all borrowers and it has a very user-friendly interface for the loan status tracking. Moreover, the collateral increase, loan repayment acceleration, and loan amount calculation with grouped interest are the additional features that provide our borrowers with flexibility.

In case you are looking for different ways to take a loan with the help of cryptocurrencies, I would suggest you to check out Cropty and our instant coin loans. SHIBA INU will be your asset to borrow against and you will receive Tether USDT, whereas our secured crypto loans are one of the fastest and easiest ways to take care of your financial needs.

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Why choose SHIBA INU Cropty Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Cropty SHIBA INU Crypto Loan?

Cropty SHIBA INU Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Cropty, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Cropty SHIBA INU Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Cropty SHIBA INU Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Cropty will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Cropty provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Cropty Crypto Loan?

Cropty Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Cropty SHIBA INU Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Cropty as security for the repayment of your loan.

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