While the general public is stuck working with banks, cryptocurrency owners have access to funds at rates much better.
At the same time, banks have lowered their interest rates to a level that makes it almost impossible to earn from depositing your funds with them. While the crypto world continues it's high payout interest earning options for crypto owners.
Crypto Owners Have The Advantage:
Even with all that coming from the government - it may not be enough.
Or, you may not be in the United States and currently need as much help as you can get!
If that's the case, now is the time to take advantage of two factors that highlight the benefits of a crypto or bitcoin loan.
First - the low interest rates.
Typically, a small fraction in interest compare to loans from a bank.
Second - the current low price of Bitcoin and other cryptocurrencies.
Most analysis believe it's going up from here, so as your loan matures your assets will likely increase in value. This could easily cover all of your interest (something I've had happen multiple times).
Recommended Bitcoin & Crypto Loan Providers:
If you're outside the US: YouHodler.
Inside the US: BlockFi.
Both have solid reputations, and enough past/present users saying everything went as described on their websites.
-------If you're outside the US: YouHodler.
Inside the US: BlockFi.
Both have solid reputations, and enough past/present users saying everything went as described on their websites.
Author: Matt Miller
London News Desk
CryptocurrencyLoans Reporter
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