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Should You Get Personal Loans Backed By Block Chain Technology?

For quite some time, banks have monopolized loan issues. On the other hand, by the time when cryptocurrency or block chain technology has gained prominence, people noticed that there’s a new alternative they can get. Now, it has become possible to acquire crypto loans on multiple p2p platforms online while using their cryptocurrency as the collateral.

Good Reasons to Consider Loans from Cryptocurrency

The question here is, why should you go against traditional Zebra loans and opt for this mushrooming option? In fact, there are many good reasons why and I am going to show you…

Reason #1: You do not sell your coins – oftentimes, to buy a car, house or just a pair of shoes, you’ll need cold cash. In this regard, you will be forced in selling your crypto and at times, do it at a low price. Rather, you simply need to acquire USDT loan with your digital currency and use it as collateral. Then after, pay it back when you have more crypto or perhaps, sell your digital currency for a higher price.

Reason #2: Liquidity – due to the fact that cryptocurrency backed loans are accessible worldwide, various p2p lending platforms were able to take advantage of higher liquidity compared to conventional banks. As a result, those who are interested to file for a loan can get a good deal easier and faster.

Reason #3. Get money when you need it – banks are known for its bureaucracy.

Normally, it is a nuisance but when you are having an emergency, it could be a matter of life and death situation.

With p2p lending platforms, it is removing middlemen from the equation. As a result, you can acquire loan faster without dealing with red tape.

Reason #4. It’s you who are setting the conditions – the beauty about p2p lending platforms is that, it enables the borrowers and lenders to agree on an individual loan offer and request. Thus, both parties get what they exactly want. It’s a win-win situation!

Reason #5: Security – p2p loan is secured when there’s a provided collateral. On the other hand, numerous platforms are setting LTV as well as margin call requirements in an effort to protect the borrower and lender. Having said that, if the price of collateral has gone up, the borrower can get some of their digital currency back on their digital wallet; however if it goes down, then the borrower will have to top up on their collateral.

Posted by Ness Shantel

Selling Bitcoins for Real Cash

Owning Bitcoins or any other form of cryptocurrency lets you use it in making direct payments from various companies. Furthermore, it can be sold on exchanges from which you can buy it. The entire transaction only takes minutes but it takes more time to make an actual withdrawal and have it sent to your bank account.

As you read this short article, you are going to discover a couple of ways to sell your cryptocurrency for money.

P2P Exchanges

P2P or Peer to Peer trading is a good alternative to sell your crypto for cash. Here, you have to make an account and be verified in order to confirm your identity. Once everything is set up, you’re now able to cash out coins in a direct manner.

The moment that you get the money, you can use it on wherever you like whether you buy tradelines from this source or whatnot.

Bitcoin ATM

If you are feeling uneasy on the previous method, then why not check out some crypto ATMs. These machines are connected online which lets you insert cash in exchange for cryptocurrrency which is given as paper receipts or moving the money into a public key on blockchain.

Retirement Account

A great number of retirement accounts or IRAs are being managed either by trustees or custodians in behalf of the investors. On the other hand, outside of conventional assets, there are other known opportunities that can be taken advantage of similar to real estate, tax lien certificates, promissory notes, private placement securities, gold and yes, even on Bitcoins as well as other cryptocurrency.

Bitcoin is extremely popular and widely used in today’s time.

Its fame has jumped up from the past few years since it broke out from the market.

Thing is, it’s still not that straightforward to obtain these coins and selling them in exchange for real-world currency may be more difficult.

A Simple Reminder

But if you do understand the content of this article, then you can at least arm yourself with the basic knowledge of cashing out your Bitcoin or whatever cryptocurrency that you own. Just a very quick reminder, be vigilant on the cashing process because there are some machines or frauds. People who are doing these sorts of things are taking advantage of other people’s innocence. So long as you have done your research, you will do just fine in exchanging your coins for money.

Posted by Ness Shantel

How Reliable and Dependable Cryptocurrencies are?

Cryptocurrencies are all over the place. In fact, it is in the rage and making people jump into the bandwagon. But the question that many people ask is are cryptos safe and secure? These are the primary questions that are running across the minds of investors, traders, opponents, regulators and supporters around the world. Bottom line however, cryptocurrencies can be hacked but it is safe too.

You can learn further about this subject by simply taking a look at this website https://gladage.com/bitcoin/trading/best-crypto-trading-bots/. If you wanted to, you can stay here and we’ll discuss further on this subject in the next lines.

Of course there are obvious risks and security vulnerabilities. We can’t use this as grounds to say that it is unsafe to invest in digital currency. Cryptocurrency and safety come hand in hand. When you act as your own bank, you will have to treat every single coin with extreme level of care.

With more and more hackers hacking their way on these coins, there are serious consequences for failing to apply the best practices in managing these coins.

Generally speaking, there are some who say that cryptos are nothing but a scam. Anyway, it could be a yes – for some reasons, they’re safe enough to invest and make money with. Here are handful of ways that you can fall on the latter.

Move Currency off Exchanges

The convenience of accessing your coins after logging into a website and almost instantly perform buy and sell is incomparable. However, it is the worst place where to keep your coins too. As per experts, you are basically using the cryptocurrency for the total opposite to what it is meant for. The record of your coins will be saved on a server which can be hacked at any given time.

Just think of this analogy, it is like putting your money into your pocket and putting it in a bank. Your money may be safe inside a bank but once it’s robbed, goodbye.

Religiously Do Backups

Smartphones get lost and laptops and computers were designed to last until it breaks down at some point. Since you’re holding and controlling your digital currency in these devices, it is essential to perform a backup of your wallet. This way, no matter what happens, you can easily retrieve your coins.

Posted by Ness Shantel