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Top 4 Blockchain and Cryptocurrency Lending Platforms for 2018

There is an interesting correlation between cryptocurrencies and lending. Various companies have come and gone in this regard, some more legitimate than others. The following four companies providing true cryptocurrency lending services are ranked in terms of overall market dominance. Each company offers its own advantages and potential drawbacks, which makes them all worth keeping tabs on.

#4 Kiva

It has to be said, Kiva is a very different company when it comes to cryptocurrency-backed loans. More specifically, this company lets cryptocurrency users extend loans to those in need, primarily people suffering from the lack of access to financial services. The company boasts a 96.9% repayment rate, which is a very high number in terms of cryptocurrency-related loans. These loans are usually extended to fund agriculture, education, art ventures, among other things.

#3 BTCPop

btcpop logo

btcpop logo

Introducing Bitcoin peer-to-peer banking is an interesting business model, albeit one difficult to pull off. BTCPop has been around for several years now, and the company offers a few interesting business models. More specifically, there is the reputation-based Bitcoin lending, which removes the need for credit scores. Another option is to fund business ideas, but without relying on the ICO business model.

BTCPop also provides an exchange service, which lets users exchange cryptocurrencies to other assets alike. It doesn’t support fiat currencies as of right now, but the functionality can still be appealing to the right individuals. Perhaps the oddest service is the proof-of-stake option. Users can put their altcoins in a pool to increase their staking rewards alike. For now, BTCPop is mainly of interest for its lending services, as that is the bread and butter of their service.

#2 Nexo

nexo logo

nexo logo

Nexo is positioning itself as the world’s first instant crypto-backed loans provider. The firm is confident there is no reason for enthusiasts to sell their crypto holdings. Instead, they should use it for loan services to capitalize on the momentum of cryptocurrencies. Users who apply for a loan through Nexo will benefit from the guaranteed approval process without hidden fees and flexible repayment options. Nexo also prides itself on using strict KYC and AML compliance standards.

#1 SALT

salt lending

salt lending

Blockchain-backed loans are seemingly becoming a lot more commonplace in this day and age. It is expected SALT will play a very big role in this regard, as the company specializes in streamlining the loan application process as a whole. Users can get verified the same day and customize their loan as they see fit. Similar to all other platforms on this list, there is no credit score or credit history requirement.

SALT allows users to leverage their blockchain assets to secure cash loans. The cash is deposited directly into one’s bank account. At this time, SALT can legally operate in 30 jurisdictions worldwide, and that number is expected to increase as more time progresses. Furthermore, users’ digital assets are kept in multisig wallets for safekeeping, which offers an extra layer of security for SALT clients.

What is your favorite lending platform? Let us know in the comment section below!

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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