We provide Crypto Financing or crypto loans for people holding cryptocurrency either as a long term investment or short term investment horizons. A cryptocurrency can be easily defined as a digital currency. However, the concept behind the value and security of cryptocurrency is quite abstract and esoteric. Some people are confused about what makes cryptocurrency valuable and what makes it efficient as a means of storing and transferring value. Cryptocurrencies are also sometimes known as “altcoins” – short for alternative coins. The most famous of all cryptocurrencies is Bitcoin, although there are many new contenders to the market, known as altcoins. We do the complicated filing and processing for you, and we can help support you on your way to success with our competitively priced cryptocurrency lending and terms. Our asset lending capital features highly competitive interest based on the present prime rates. Plus, our loans extend anywhere from 3 months to 10 years, which is an ideal amount of time for many individuals seeking a good amount of capital and a reasonable amount of time to make payments on their loans.
Platinum Global Stock Loans provides cryptofinance equity release to anyone with a crypto currency holding balance. Our specialty is cryptocurrency lending, using your existing cryptocurrency wallet value as the only collateral. A typical cryptocurrency loan would be a 3 to 5 year interest only loan with a super competitive interest rate based on prime interest rate. With over 10 years of experience in lending, trading and cryptocurrency relations, we are poised to help you find the right type of crypto lending for your needs.
Crypto Loans Term Criteria
- Loan Terms Within 24 Hours
- Loan Rates From 5%
- Up to 65% LTV
- Crypto Loan Funding Completed and In 2 Weeks
- Early Repayments Allowed
- Stage Payment Draw Down If Needed
- Further Advance Allowed if Coins Appreciate
How Do Crypto Loans Work?
Sometimes referred to as crypto financing or cryptocurrency loans, these are short to mid term loans and are available to help cryptocurrency holder and investors keep the cryptocurrency asset they own while having access to fast cash they need to make other hard asset investments or to pay off debt.
Our cryptocurrency loan amounts are dependent on the security, the liquidity, number of coins held, price, volatility, trading volume and additional criteria determined to secure, approve and fund the loan. We offer several options for interest payments including monthly and quarterly during the life of the loan. We keep the process easy as pie, once you fully repay the loan, your crypto or alternative coins are transferred back to you in full.
How Do I Qualify for Crypto Loans?
Any owner of a cryptocurrency wallet is eligible and can be approved for a loan. The size of the crypto loan can vary greatly depending on the borrower’s ability to handle the payments and structure of the loan. The loan process is quick, and turnaround times to money are usually within 48 hours of closing.
The Main Advantages of our Crypto Loans.
With cryptocurrency, it’s all about flexibility. Cryptocurrency loans gives the borrower the opportunity to walk away from the loan at any time without affecting the borrowers credit score or liability. These types of loans are much more appealing than traditional loans due to no liability issues and the fact that these loans wont harm your credit score. The cryptocurrency loans structure is set up where no collateral and no personal guarantee is required by the cryptocurrency loans lender.
What Can My Crypto Loans Be used For?
Basic Requirements for a Crypto Loans
✓ Minimum loan amount of $250,000 USD to $500,000,000
✓ Your cryptocurrency must be free-trading free of restrictions or trading suspensions
✓ Private cryptocurrency that is not currently residing in a cryptocurrency wallet is not eligible
✓ Loans are available to all cryptocurrency holders worldwide regardless of country
✓ All loans are non-recourse with zero liability to the borrower
Crypto Loans Terms
✓ Loan to Value up to 65% depending on individual crypto coins held
✓ Interest Only terms with competitive rates with lock up period
✓ Terms 3 months to 10 years
✓ Crytocurrency must be secure in a crypto wallet and not in a trading account.
As a direct lender, the only collateral is your cryptocurrency wallet with no background checks or personal liability. We offer competitive loan-to-value ratios, based on market conditions, sector, cryptocurrency performance and future performance. Typical loan-to-value ratios can range from 45-65%.
We offer competitive rates based on the current prime interest rate and loan terms 3 months to 10 years. Your privacy is important to us, so your transaction is always kept confidential with all personal information securely stored.
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1. Crypto Loans
Platinum Global provides crypto financing loans secured against your cryptocurrency wallet. Typically the interest rats start at 5% based on the collateral provided in your cryptocurrency wallet as collateral.
2. What Are Crypto Loans?
If you are the owner, CEO or significant or holder of Cryptocurrency you will be able to pledge the coins that you own in exchange for capital without selling them. Cryptocurrency pledge financing or crypto pledge financing loans are by privately held liquidity solutions providers for many South East Asian Countries as well as Europe, UK, Canada, Thailand, Singapore, Malaysia and Indonesia. We provide funding against the Cryptocurrency you or your company owns. This allows you to raise capital quickly and easily and at a low interest rate with share pledge financing. Platinum Global Cryptocurrency Loans works closely with owners of Cryptocurrency holders to bring liquidity quickly and easily.
3. What Are Crypto Loans?
A cryptocurrency loan means that no personal guarantees are required by the applicant. This means that in the event of non -payment used by the borrower, the assets will be used to settle the arrears of the loan. If the asset value is insufficient to cover the outstanding amount of the loan, Platinum Global Cryptocurrency Loans will absorb the difference and no additional payments by the borrower are required.
4. What Are The Benefits Of Crypto Loans?
Cryptocurrency loans enable you to obtain crypto finance by pledging alt coins that you own in a public traded cryptocurrency such as Bitcoin or Etheream for immediate liquidity and funding.
Funds can be used for working capital, recapitalising the company or for personal investment.
At Platinum Global Cryptocurrency Loans we do not limit how funds should be used.
5. How Much Can I Loan?
Platinum Global Cryptocurrency Loans can provide financing from $500,000 USD to $50,000,000 USD.
Depending on the underlying cryptocurrency used as collateral, the crypto loans LTV or Loan to Value can range from 45% to 65% of the value of the share pledged.
6. How Long Can I Loan For?
Platinum Global Cryptocurrency Loans can structure loan programs between 3 months to 10 years on a renewable basis.
The applicant can opt for interest only payments on a monthly basis, or principle plus interest payments.
We are also able to structure customized payment plans according to your requirements such as quarterly or semi-annual payments
7. How Fast Will I Be Able To Receive Funds?
We are able to give you an in-principle approval within 24 hours and an confirmed offer within 2 working days for crypto finance and crypto refinancing.
The assessment process is quick and easy with no documentation required other than the loan amount requested, the amount of shares and the ticker name for collateralized Cryptocurrency loans.
For example, if you would like to see if your stock can be used for pledge, simply let us know
- Amount of Cryptocurrency balance in your crypto wallet
- Loan Amount Required
- Cryptocurrency description
And we will be able to let you know the amount approved within 24 hours, but most likely sooner
8. How Will I Receive The Funds?
Once you have signed our offer letter the following steps take place
- Offer Letter Signed
- Custodian Forms and KYC are sent to you to sign and complete
- Custodian Forms and KYC is completed and returned
- Within 3- 5 working days a custodian account is opened for you to make the transfer of the Cryptocurrency you wish to pledge
- Securities are transferred to the custodian and the loan amount is simultaneously transferred via a Delivery –versus-Payment Process (DvP)
- The loan transaction is now completed and payment is made according to the payment schedule
How Can We Help You?
The markets can be confusing and difficult to navigate when you need liquidity. This is where Platinum Global Cryptocurrency Loans can help. When a traditional bank or lender cannot help you with your Cryptocurrency lending, we are here to get you the funds you need. Our goal is to expand your access to liquidity, whether you are an individual or a business. Our solutions are fast and secure, aiding you in your journey to financial diversification. Investing in using a Cryptocurrency lender can yield plenty of reward, if you only know how to secure one.
What Are Cryptocurrencies?
Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.
Crypto Lending Platforms
There are many crypto lending platforms out there on the market offering cryptocurrency lending with with sky high interest rates. Our net work of private crypto funders can provide interest rates as low as 5% depending on the crypto coin and the volume trading. All thats required is to transfer the value of the coins into a shared crypto wallet and these coins are returned once the crypto loan is repaid.
The first Bitcoin alternative on our list, Ethereum, is a decentralized software platform that enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can have free access to, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.
The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ether, launched in 2015, is currently the second-largest digital currency by market cap after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. As of January 2021, ether’s market cap is roughly 19% of Bitcoin’s size.
In 2014, Ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in the age of the initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). As of January 2021, Ethereum (ETH) had a market cap of $138.3 billion and a per token value of $1,218.59.
In 2021 Ethereum plans to change its consensus algorithm from proof-of-work to proof-of-stake. This move will allow Ethereum’s network to run itself with far less energy as well as improved transaction speed. Proof-of-stake allows network participants to “stake” their ether to the network. This process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism where miners are rewarded more Bitcoin for processing transactions. We offer Ethereum loans via our network of private lenders.
2. Litecoin (LTC)
Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer-grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants who accept Litecoin. As of January 2021, Litecoin had a market cap of $10.1 billion and a per token value of $153.88, making it the sixth-largest cryptocurrency in the world. We offer Litecoin Loans via our network of private lenders.
3. Cardano (ADA)
Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and later helped to create Cardano.
The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written over 90 papers on blockchain technology across a range of topics. This research is the backbone of Cardano.
Due to this rigorous process, Cardano seems to stand out among its proof-of-stake peers as well as other large cryptocurrencies. Cardano has also been dubbed the “Ethereum killer” as its blockchain is said to be capable of more. That said, Cardano is still in its early stages. While it has beaten Ethereum to the proof-of-stake consensus model it still has a long way to go in terms of decentralized financial applications.
Cardano aims to be the financial operating system of the world by establishing decentralized financial products similarly to Ethereum as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. As of January 2021, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31. We offer Cardano Loans via our network of private lenders.
4. Polkadot (DOT)
Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.
Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.
Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as the larger a blockchain the more security it has. This concept in Polkadot is known as shared security.
Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project’s future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54. We offer Polkadot Loans via our network of private lenders.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original Bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.
When different factions can’t come to an agreement, sometimes the digital currency is split, with the original chain remaining true to its original code and the new chain beginning life as a new version of the prior coin, complete with changes to its code.
BCH began its life in August of 2017 as a result of one of these splits. The debate that led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a limit on the size of blocks: one megabyte (MB). BCH increases the block size from one MB to eight MB, with the idea being that larger blocks can hold more transactions within them, and therefore the transaction speed would be increased. It also makes other changes, including the removal of the Segregated Witness protocol which impacts block space. As of January 2021, BCH had a market cap of $8.9 billion and a value per token of $513.45. We offer Bitcoin Loans via our network of private lenders.
6. Stellar (XLM)
Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.
While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.
Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021. We offer Stellar Loans via our network of private lenders.
Chainlink is a decentralized oracle network that bridges the gap between smart contracts, like the ones on Ethereum, and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to.
Chainlink’s blog details a number of use cases for its system. One of the many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city’s water with the incoming data from the oracle.
Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink’s market capitalization is $8.6 billion, and one LINK is valued at $21.53. We offer Chainlink Loans via our network of private lenders.
8. Binance Coin (BNB)
Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount. Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on. The Binance exchange was founded by Changpeng Zhao and the exchange is one of the most widely used exchanges in the world based on trading volumes.
Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26. We offer Binance Loans via our network of private lenders.
9. Tether (USDT)
Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.
Launched in 2014, Tether describes itself as “a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.” Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00. We offer Tether Loans via our network of private lenders.
10. Monero (XMR)
Monero is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation based and community driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”
With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, Monero has developed something of an unsavory reputation—it has been linked to criminal operations around the world. While this is a prime candidate for making criminal transactions anonymously, the privacy inherent in Monero is also helpful to dissidents of oppressive regimes around the world. As of January 2021, Monero had a market cap of $2.8 billion and a per-token value of $158.37. We offer Monero Loans via our network of private lenders.