Getting a loan?
BlockwayFi allows clients to avoid selling their crypto to acquire USD by leveraging it against a loan. Furthermore, BlockwayFi loans can be an efficient approach to minimise your tax exposure while maximizing your potential long-term crypto investment gains. Customers can apply for a loan in under two minutes. We frequently get clients from application to finance in as little as 90 minutes.
FAQs
Learn more about BlockwayFi's Crypto-Backed Loans.
How Does a Crypto-Backed Loan Work?
BlockwayFi provides USD loans secured by your crypto holdings. What does this imply? So, we provide you USD and you give us Bitcoin (BTC), Ether (ETH), or Litecoin (LTC) as repayment security. It's actually that easy. Clients can request for a loan in less than 2 minutes and have funds deposited straight into their bank accounts or wallets in as little as 90 minutes in USD, GUSD, or USDC.
What is the Loan-to-Value (LTV) Ratio
LTV (%) = Loan Amount / Collateral Value. The loan-to-value (LTV) ratio defines the amount of crypto collateral required to obtain a loan. This figure only applies if you acquire a collateralized loan. Clients must provide the lender with an asset, in our instance digital currency, to hold until the loan is paid off. You will receive the full collateral back after the loan is paid off.
How to Make Major Purchases with a Crypto-Backed Loan
One of the most typical queries crypto users have is if they may use their crypto assets to make a large purchase, such as a house or a car. Because many mortgage lenders do not accept cryptocurrency as collateral, the answer can be tricky. One conceivable approach is to use crypto-backed loans to get funds for a large purchase. That's right: you may now utilize your crypto holdings to borrow money to accomplish a variety of financial objectives. Among these are placing a down payment on a home, investing in real estate, acquiring a car, starting a business, making home improvements, or refinancing high-interest debt.