Top Rated Crypto Lending Services
We've researched all of the Best Crypto Lending Services. Here are our favorites....
Top Rated
BlockFi
2
Nexo
3
SALT
4
ETHLend
5
Celsius
KYC/ALM Requirements | |||||
Overall Reputation | Excellent | Excellent | Excellent | Excellent | Excellent |
Customer Support | Very Responsive | Responsive | Responsive | Responsive | Responsive |
Regulatory Licenses | |||||
Security Rating | Excellent | Excellent | Excellent | Excellent | Excellent |
Fees | Starting at 4.5% | 8%-16% | Membership Fee | % + Withdrawal Fee | Starting at 4.95% |
Collateral Currencies Accepted | BTC, ETH, LTC | BTC, ETH, NEXO, BNB, XRP,LTC, ADA, EOS, etc. | BTC, ETH, LTC, DOGE, USDC, TUSD | BTC, ETH, LEND, and other ERC20 tokens | BTC, ETH, LTC, XRP, DASH, BTG |
Loan Amounts | $2000-Up | $1000-$2 Million | No Limits | No Limits | No Limits |
Minimum Collateral Requirement | $4000 | $200 | Depending on LTV ratio | Twice the loan amount | Depending on LTV ratio |
Loan-To-Value Ratios | Up to 50% | 20-50% | 30%-70% | 50% | Up to 50% |
Maximum Loan Term | 1 year | 1 year | 3 years | 1 year | 1 year |
What Crypto Lending Service Should I Use?
There are a few things to consider when choosing a crypto lending service. Out of the many platforms,some are definitely better than others. Here are some things to keep in mind before you decide which lender to trust your digital assets with:
- 1) What collateral currencies are accepted?
- 2) Repayment options
- 3) Withdrawal options
- 4) How do the margin calls work?
- 5) How responsive is their customer service?
- 6) Are they licensed?
- 7) How high are the withdrawal fees?
- 8) How high is the interest rate?