Whether you’re a crypto billionaire or just another enthusiast out there, one thing is for certain: traditional banks do not recognize your worth in digital assets.
If we’re talking about loans, you cannot get one just by telling the loan officer: “Hey, there is nothing to worry about... I have plenty of Bitcoin to use as collateral”. Unfair, right?
Nowadays, loans play an important role in our financial lives. They are a tool designed to manage expenses when savings simply aren't enough or they are intended for something else.
All we do at Crypterium is intended to make the life of crypto holders easier. We believe crypto should be easy to buy, spend, transfer, convert, and even used as a loan collateral.
With this in mind, we’re introducing C•LEVER — a new product of the Crypterium Family that allows anyone to get a crypto-backed loan in minutes at a transparent, fixed low interest rate.
It makes no difference. Whether you live in the middle of a concrete jungle or in a remote island, you can get a C•LEVER loan from anywhere in the world. All you need is an internet connection.
The approval of a loan can take several days or even weeks in the traditional banking system. With C•LEVER, it’s only a matter of minutes. As soon as we receive your collateral, your loan is automatically transferred to your wallet.
Let’s imagine you request a $1000 personal loan (in local currency) from an Argentinean bank. According to HSBC loan calculator, you would have to pay a 69% interest rate for a 12-month period. Residents in the UK, on the contrary, would only only have to pay 11%. These differences are directly related to the borrower’s credit score, but also to country-specific factors such as inflation, foreign exchange rates, economic performance, etc.
For Beta Testing purposes, we’re offering C•LEVER loans at an ultra-competitive 0.1% monthly interest rate. We will increase the interest rate following the trial, while making sure it remains a convenient choice to all our clients.
What can I use a crypto-backed loan for?
Crypterium is making it really easy for you to spend your digital assets. You can either transfer them to a bank account or use them to top up your Crypterium Card. The question is: do you really want to do that?
As the 2020 Bitcoin Halving is getting closer, expectation for higher prices is building up among crypto holders. Many retail investors are starting to think twice before liquidating their digital assets to cover minor expenses. Here is where crypto-backed loans fit right in.
C•LEVER enables you, the borrower, to get an instant loan in stablecoins by locking your liquid assets, such as Bitcoin and Ethereum, for a selected period of time (0 to 12 months). Once you repay the loan, you receive your assets back.
These loans are also a good alternative for crypto traders. No matter if you’re going long or short, C•LEVER allows you to seize market opportunities by offering fast liquidity.
Ok... How does it work?
Step 1: Set your loan preferences
The first step is to decide how much would like to borrow and for what period of time.
The loan amount is calculated as 50% of your collateral
You have up to 12 months to repay your loan
We accept BTC and ETH as collaterals. More options to be added soon.
Step 2: Registration
Enter your full name, email, phone number and create a password. Yes, that’s all!
Step 3: Review your loan application
Verify that the selected loan amount, period and interest rate are correct. Please read our Terms and Conditions carefully and confirm.
Step 4: Transfer the collateral
You have 12 hours to transfer the collateral in BTC or ETH to the provided wallet address. If you do not transfer the full collateral within 12 hours, your loan application is automatically cancelled. But no worries, you can try again later!
Step 5: Get your loan
Your loan will be sent to your wallet upon the reception of the collateral.
Step 6: Repay it!
Pay back your loan in fixed monthly instalments. Check your debt status and payment schedule in 'My Loans' section.
Ready To Become A Beta Tester?
We’re giving our Beta Testers a chance to get a 1.000 USDT loan at a monthly interest rate of 0.1 percent for up to 12 months. Interested? Here is what you need to do:
1. Join our Telegram chat for beta testers. Report bugs, ask questions and communicate ideas!
2. Visit the C•LEVER official website
3. Get a loan secured with BTC and/or ETH (from 20 USDT to 1.000 USDT)
4. Withdraw your loan in USDT
5. Pay it back and close it!
6. Send us your feedback on Telegram
Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.
Our goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.
The team is led by former General Manager of Visa Central & Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.
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