In the crypto world, we know that the "HODL" strategy is sacred to many. However, life happens—an unexpected expense, a major purchase, or a new investment opportunity might require immediate liquidity. Did you know that with Bit2Me, you don't have to sell your crypto to access cash? With Bit2Me Loan, our crypto-backed lending service, you can unlock liquidity in just a few clicks.
Read on to discover how it works and learn about our latest collateral addition.
What is Bit2Me Loan and how does it work?
Bit2Me Loan is our cryptocurrency-backed lending service. Instead of selling your assets—which would mean losing your market position or potentially triggering a taxable event—you use them as a guarantee, known as collateral.
The process is simple, transparent, and efficient:
- Provide your guarantee: Choose which cryptocurrency to deposit as collateral.
- Receive immediate liquidity: Get stablecoins pegged to Euros or Dollars directly into your account instantly.
- No endless paperwork: Since the loan is secured by your own assets, the process is significantly faster and more agile than traditional banking.
Once you repay the loan, you get your cryptocurrencies back in full. It is the ideal way to make your wealth work for you without having to let go of it.
To simulate or apply for a loan, simply head to the Loan section on your dashboard (via web or app) and follow the instructions to select your amounts and collateral currency.
Which currencies can you use as collateral?
At Bit2Me, we carefully select the most robust assets to serve as collateral, ensuring you can operate with total confidence. Our available options include:
- Bitcoin (BTC): The ultimate safe-haven asset.
- Ethereum (ETH): The leading smart contract network.
- XRP: A cryptocurrency with extensive institutional adoption.
- NEW! Solana (SOL): An ultra-fast currency from a high-performance network.
We are excited to announce that Solana (SOL) is now available as a new collateral option for your crypto loans.
Why is this great news for you?
Solana has established itself as one of the fastest, most efficient, and fastest-growing networks in the ecosystem. By allowing you to use $SOL as collateral, we are offering:
- Greater Flexibility: If you are a firm believer in the Solana ecosystem, you no longer have to choose between holding your $SOL and having liquidity.
- Diversification: You now have more options to manage your financial strategy within our suite of products.
- Optimised Assets: If you hold Solana in your Wallet, Earn, or Card, your tokens now have direct financial utility beyond simple holding or staking.
At Bit2Me, we continue to develop financial tools that adapt to your real-world needs. With Bit2Me Loan, you hold the key to unlocking the value of your crypto without saying goodbye to it. The addition of Solana is just one more step in our commitment to bringing you the best the industry has to offer.
Do you have $SOL in your Wallet and need liquidity? We invite you to explore the terms on our platform and discover how easy it is to request your first crypto loan. Maximise your crypto strategy today!
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