Loan

Binance USD

Loan

Binance USD loans.
Borrow against BUSD.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Binance USD?

Binance USD (BUSD) is a fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. BUSD are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD held in Paxos-owned US bank accounts. BUSD is also the one of three stablecoins approved by Wall Street regulators, alongside GUSD and PAX.

How do loans backed by BUSD works

We have our own dashboard, which guarantees simplicity and ease for both investors and borrowers. You can take a loan secured by your own BUSD, while you do not encounter any bureaucracy, all the usual checks of your creditworthiness are absent on our platform. Cropty Wallet provides an ideal service, regardless of whether you want to earn by providing your own coins, or, on the contrary, take a loan secured by them. We are a reliable partner, a mediator who takes into account the interests of all parties. Our main goal is to provide you with a user-friendly experience that will allow you to use our tools on the path to your financial freedom even more often.

A borrower can put his own BUSD funds as collateral and receive a loan as collateral, which can be repaid in parts.

Investors accumulate interest depending on their deposit. This is an incredibly profitable way to use your cryptocurrency wisely, enjoying timely dividends paid from the returned loan parts.

Cropty, in turn, guarantees you simplicity and transparency of conditions, using technology and advanced lending tools. We minimize your risks and minimize any attempts at fraud, protecting both sides of the process.

Binance USD Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

18% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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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 Binance USD? Borrow usd against Binance USD on Cropty

The process of getting an Binance USD cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers Binance USD cryptocurrency lending services. Then, you need to provide your BUSD 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 Binance USD 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 Binance USD? Borrow usd against Binance USD on Cropty

To authorize an Binance USD 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 BUSD Crypto Loans

Binance USD lending

Taking a loan against BUSD is a great tool if you know how to use it. These favorable loans are good for getting an instant loan for your business development, a new investment or paying bills. We have created a completely safe environment for both borrowers and lenders. You can lend your BUSD at interest, acting as a lender and earning on your assets - a smart decision for any investor. Or, taking an instant loan against your coins, which is also very appropriate, especially when you need tokens here and now. Due to the lack of volatility of BUSD, it may seem that lending against USDT may not be so effective, but you can still do it, for example, to diversify risks. Let's say you need BUSD in the future, because you want to use it to secure something. Or you can stake USDT on one of the exchanges more profitably than BUSD.

BUSD as a collateral

Binance USD, abbreviated as BUSD, is an excellent alternative to loans backed by cryptocurrencies. Those platforms, which provide Binance USD loans, allow the users to choose either to lend their BUSD and get a certain return or to borrow against their BUSD. Such lending opportunities make it possible to get money instantly, which is a very convenient option if one does not want to sell their assets. Borrowing in USD against BUSD with the convenience and liquidity that come with it offers customers unquestionable advantages. The common method of taking out a loan in Binance USD is that the user gives their BUSD as collateral and, based on the value, gets a loan. Above all, these fast crypto loans have great significance as a timely solution for emergencies when one has not yet relinquished their Binance USD holding but needs cash quickly.

Interest rates for loans secured by Binance USD

You can take a loan secured by your BUSD with an attractive interest rate of 9%. Regardless of your goals, this is a modest percentage that will allow you to use your capital here and now, without parting with your valuable cryptocurrency - you retain absolutely all ownership rights to your collateral.

Our collateralisation procedure guarantees the safety of all parties: if the borrower does not want to repay his loan, his funds will go to Cropty, but at the same time, he will retain all the USDT received. This is a fair and honest method that takes into account the interests of all participants in the process. We also use automatic liquidation of your assets in case of strong market volatility. Such a tool protects both borrowers and investors. You can rest assured - the borrower keeps all the borrowed money, and we, in turn, take the damage from losses on ourselves.

You can always track the status of your loan using our convenient platform. We have prepared a special dashboard that will give you the opportunity not only to use classic repayment by installments, but also early repayment. Cropty is your reliable tool on the way to financial independence. Using Cropty, you can be sure that your funds are safe and working for your financial well-being.

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Why choose Binance USD 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 Binance USD Crypto Loan?

Cropty Binance USD 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 Binance USD 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 Binance USD 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 Binance USD 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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