Remitano launches “Crypto Lending" - A powerful tool that allows the borrowing or lending of cryptocurrencies

1. What is Crypto Lending?

From 06/10/2022, Remitano launches “Crypto Lending" that allows our users to borrow or lend cryptocurrencies and fiat currencies easily & instantly.

• Borrowers borrow assets and pay interest fees
• Lenders will supply these assets and receive interests
• Remitano connects these two parties, acts as a guardian for the collaterals, and guarantees the transactions are safe.

Unique Selling Points:

• Fiat-token service: You can deposit NGNR and borrow BTC, or vice versa - deposit BTC and borrow NGNR.
• Speed: No credit scoring, no application to borrow. Receive assets instantly. Lenders can receive interest rates in as fast as 1 hour.
• Safety: We only do over-collateralization. The Remitano KYC system verifies identity.
• Flexibility: No borrowing/lending terms. Payback whenever you want and receive your collateral back (*)

(*) Borrowers must maintain the Loan to value (LTV) under 85% so the loan will not be liquidated.

2. How to use Crypto Lending

You may also like: Key terms of Crypto Lending

1. How to borrow

Step 1: Supply

Deposit crypto to use as loan collateral

From homepage => click “Crypto Lending"

In the Lending page => Click “Supply" => Choose the token you want to deposit

Enter the supply amount

Step 2: Borrow
Borrow crypto and fiat instantly; no approval required.

Back to Lending page => Choose “Borrow"

Enter the borrowing amount you want

Step 3: Repay
Repay the loan and get your assets back. No repayment schedule forever (*)

(*) Users will need to maintain an LTV below 85% to prevent liquidation.

2. How to supply

Step 1: Supply

Deposit crypto to our secured Lending pool.

From homepage => click “Crypto Lending"

In the Lending page => Click “Supply" => Choose the token you want to supply

Enter the supply amount

Step 2: Earn
Sit back and relax while your portfolio earns income from Borrowers.

In Lending page => Choose “My assets"

On the “My assets” page, you can see the amount of your supply, APY, and how much you have earned

Step 3: Profit!
Keep assets in the pool to earn or withdraw when necessary. No commitment is needed.

3. Free borrowing fee and liquidation fee in 30 first launching days

Remitano will offer a FREE borrowing fee and liquidation fee for all users in 30 first days to celebrate our special Crypto Lending launching event.

Validity period: from 06/10/2022 to 04/11/2022, users will not have to pay any borrowing fee or liquidation fee when borrowing cryptocurrency or fiat in “Crypto Lending."

4. How to earn with “Crypto Lending"?

Crypto Lending is a solution to instantly borrow money for investment in real estate, gold, developing business, generating capital, or margin trading...

You may also like:
How to deposit BTC to get an investment loan?
3 steps to deposit BTC to borrow NGNR?

In addition, you can borrow FIAT and become our FIAT agency with a very attractive bonus package. You can see more detail HERE.

With Crypto Lending, Remitano hopes to bring more value to our users and give holders a powerful tool to help them receive more passive income.

If you have any concerns about “Crypto Lending," please contact our Customer Support or contact us directly via our chatbox. We are more than happy to support you 24/7.