What is EasiCoin Crypto Loans?
EasiCoin Collateral Loan is a cutting-edge smart lending service that enables users to borrow cryptocurrencies by staking their existing crypto assets (e.g., BTC, ETH) as collateral, without having to sell them. Whether you’re looking to enhance assets liquidity, leverage your investments, or optimize assets allocation, EasiCoin Collateral Loan offers a seamless and efficient solution to meet your needs.
What assets are supported as collateral?
EasiCoin Collateral Loan supports various mainstream cryptos including BTC and ETH. Check the Loan Info page for full asset list.
What loan terms are supported?
Flexible-term lending: No fixed term, borrow and repay anytime with no penalty, offering maximum flexibility.
Fixed-term lending: Supports two fixed terms of 7 and 30 days, helping you better plan your borrowing needs.
What can the borrowed crypto assets be used for?
You have unrestricted access to the borrowed crypto assets, which can be used for a variety of purposes, including but not limited to:
Trading: Engage in spot or futures trading to seize market opportunities and maximize profits.
Savings: Subscribe to EasiCoin Savings products for steady recurring returns.
Withdrawal: Withdraw funds directly to other exchanges or external addresses, including on-chain wallets, without restrictions.
How is interest calculated?
Interest is calculated hourly based on the following rules:
Interest Method: Interest is calculated every hour. Less than one hour is counted as one hour.
Interest Formula: Principal ✖️ Hourly Interest Rate ✖️ Borrowing Duration (in hours).
Flexible-term Lending: Fixed interest rates, borrow and repay anytime with no penalties.
Fixed-term Lending: Fixed interest rates, with a penalty fee for early repayment.
Whether you choose fixed-term or flexible-term lending, you can manage your borrowing costs with ease and enjoy a convenient lending experience.
What are the consequences of failing to make repayments on time?
In the event of overdue payments, the system will handle them according to the following rules:
Overdue Interest: During the overdue period, interest will be charged at three times the normal rate.
Forced Liquidation: Loans overdue by more than 7 days will trigger collateral liquidation and incur an additional 3% liquidation fee.
Borrowers are advised to repay on schedule to avoid extra losses from overdue status.
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