Month: July 2019

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

Should You Invest In Cryptocurrency?

If you are interested in crypto coins or are hoping to gain some money with cryptocurrency, then you certainly have to consider getting into crypto signals as it does all the research as well as the difficult task for you while you sit back and relax.

But what are crypto signals? Crypto signals or crypto trading signals are suggestions on trade or ideas on trading to purchase or sell a specific crypto coin at a particular time and rate. These signals could be manually generated by a professional and practiced trader, or automatically wherein algorithms are traded and bots send the signals. These signals on crypto trading could be established on numerous factors like the current situation of the market, technical analysis, as well as recent reports, news and hearsays.

You could greatly benefit from these crypto signals only if they are reliable and hold a verified track record. If not, it would be best to do your own analysis of crypto trading charts since it will ultimately possibly bring about better and favorable results.

Benefits of Investing on Cryptocurrency

Why consider making an investment on cryptocurrency? The market on cryptocurrency has been on the rise at a very rapid pace and is making many individuals very wealthy. Recent rises in Bitcoin’s value have instituted cryptocurrency as a possible and feasible investment which could have a positive bearing on the mainstream investors’ trading practices – as well as on their wallets – across the globe. Furthermore, with the positive hype encompassing the technology on blockchain that supports it, cryptocurrency becomes and investment that is viable.

  • Invest and Earn Interest

Certain cryptocurrencies, such as bitcoins, are regarded as commodity money. Therefore, you could invest them similarly as you would a legal tender or fiat money. Similar to fiat money, interests are as well generated on this investment, hence holding some crytpocurrency allows you to make an investment and produce and earn interests. Additionally, as time passes, you could collect good returns as well at raised rates on your investment.

  • Accessibility

With cryptocurrency like Bitcoins, one isn’t obligated to bind their money in long-term financial plans to generate a profit. Relying on the amount of money being transferred over a cryptocurrency network, one could generate a profit in a short span of time. By itself, you could merely make an investment and make use of the generated interest for day-to-day transactions such as paying for groceries. This means that although it is invested, you are able to instantaneously gain access to your money for any financial transactions.

  • International Trade is made Easier

Currently national levels, although it is not generally regarded as a legal tender, by its very nature, cryptocurrencies aren’t bounded by transaction charges, exchange and interest rates, or any other levies enforced by a particular country or individual. Utilizing this P2P system of the blockchain technology, international transfers as well as transactions may be carried out without difficulties and impediments over fluctuations on currency exchange, and others akin to this.

  • Sole Ownership

Individual ownership is probably the ultimate advantage of cryptocurrency (unless you’ve authorized management and control of your wallet to an intermediary or third party). This means that you are the lone owner and holder of the private and public encryption keys that form your cryptocurrency address or network identity. Compared to a traditional banking system as well as a credit card system, you basically give a third party stewardship over your funds, wherein they could put into effect the command of life or death upon your assets or holdings. Accounts may possibly be closed without notice for infringements or breaches of the Terms of Service of a financial institution. This would entail the holder of the account to go through elaborate and complex processes so as to regain access and get back in the system.

Posted by Ned Queen in Cryptocurrency, Finance