Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral

By Bitcoin.com - 2 anos atrás - Tempo de leitura: 2 minutos

Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral

The Nasdaq-listed crypto exchange Coinbase is now letting customers borrow up to $1 million using bitcoin as collateral. The company charges 8% APR but there is no credit check. The exchange said that the bitcoin used as collateral “remains safely held by Coinbase,” emphasizing, “It’s not lent out or used for any other purpose.”

Customers Can Borrow up to $1M With Bitcoin as Collateral From Coinbase

Troca de criptomoedas que Coinbase anunciou terça-feira:

Temos o prazer de anunciar que os clientes qualificados agora podem emprestar até $ 1 milhão de dólares da Coinbase.

On its website, the Nasdaq-listed crypto exchange explained that eligible customers can “Borrow cash using bitcoin as collateral,” noting that borrowers will “Pay just 8% APR with no credit check.”

The company explained that customers can borrow as much as 40% of the value of the bitcoin in their account, up to $1 million. “Each month you only need to pay the interest due ($10 min),” Coinbase said, adding that there is no prepayment or late fees.

“Esta linha de crédito tem um recurso de demanda e é reembolsável em 2 anos após a abertura”, continuou Coinbase, elaborando:

A bitcoin you use as collateral remains safely held by Coinbase. It’s not lent out or used for any other purpose.

A linha de crédito oferecida pela Coinbase está atualmente disponível para residentes dos seguintes estados dos EUA: AK, AR, AZ, CA, FL, ID, IL, NC, NE, NH, NJ, NY, OH, OR, TN, TX, UT, VA, WA e WY.

A Coinbase abandonou recentemente seu plano de lançar um programa de empréstimos após a Securities and Exchange Commission (SEC) dos Estados Unidos ameaçou processar a empresa se prosseguiu com o lançamento. A troca então publicou um proposta para regulação de criptomoeda com quatro recomendações principais.

What do you think about Coinbase letting customers borrow up to $1 million with bitcoin as collateral? Let us know in the comments section below.

Fonte original: Bitcoin.com