All the hype right now is the craze of taking out a loan by putting your crypto up for collateral.

The theory is, you give a crypto banking company Salt Lending or Unchained Capitol or Nexo your crypto, then they give you 50%-70% of it’s value as a loan.

If crypto goes up, the coin is still yours. So when the loan is done, you pay back your loan with interest, and the token is still yours and now worth more.

But when I heard crypto loans were a thing, I was imagining like a real loan… I would be able to take out more than what I had (isn’t that the reason for a loan?)

There’s now a place that’s doing exactly that! Deposit 1 BTC and take out 2 BTC worth of cash!

Just like the others, you don’t even need to give your personal info, your token is your collateral.

For example, right now if you put up:

1 BTC on Nexo — You could get $2900 out.

1 BTC here instead — You get $11,000+

It works because they will issue you $200 daily for 2 months, until you have your $11,000. This daily payment can be set to any wallet address you want, mine goes straight to coinbase, which is linked to my paypal, which means I have instant access to the USD.

Then — you just keep the money. Don’t even worry about paying back a loan.

How? By giving you the daily payments, they’re earning a profit on the funds they’re holding still. Simple concept.

Check it out for yourself here!