CoinRabbit Review 2022 – Earn Interest on Stablecoins USDT, USDC, and BUSD

CoinRabbit is one of the best crypto lending and borrowing online platforms.

Here, you can deposit your savings and earn some of the best crypto stablecoin interest rates you can find.

No Financial Advice, Information only. Do your own research

What is CoinRabbit?

CoinRabbit is one of the simplest and fastest crypto loan and savings platforms. The service does not require KYC or any credit checks and has great support and a user-friendly design.

Here, you can deposit your crypto stablecoin savings to earn a high APY interest rate.

CoinRabbit Stablecoin Interest Rates

CoinRabbit offers stablecoin interest-earning accounts for USDT, USDC, and BUSD. Here, you can earn 10% compounding APY on your crypto stablecoin holdings.

Crypto

APY

Is Coinrabbit Safe?

CoinRabbit uses cold multi-signature wallets for its services. The cold crypto wallets are not used in any internal operations.

CoinRabbit uses a risk-control system that checks the economy every second and also terminates all the transactions if anything is inaccurate.

This risk-control system provides CoinRabbit with an additional security layer against hacking attacks.

What is A Coinrabbit Savings Account?

CoinRabbit Earnings provides an opportunity to earn profits while holding cryptocurrency assets.

You start earning your Annual Percentage Yield (APY) from the moment of making your deposit.

At the moment, CoinRabbit supports USDT (TRX, ETH, BSC), USDC, and BUSD stablecoins for deposits.

Advantages of CoinRabbit Savings Account

No lock-up periods. You can withdraw your deposit at any time
NO withdrawal fees
Maximum deposit amount is $1,000,000
The minimum deposit amount is $100
You can increase your deposit amount at any time and earn more
The accumulated reward amount is updated on your dashboard daily with compounding interest
The current annual percentage yield is 10%

What is Coinrabbit Loan?

CoinRabbit crypto-backed loan means that a borrower deposits a cryptocurrency as security for the lenders in exchange for stablecoin or fiat loans.

It means that you can deposit any of the cryptocurrencies in the table below and get a stablecoin loan from CoinRabbit.

CoinRabbit Collateral Cryptocurrencies

How quickly can I get a crypto loan?

You will receive your loan after passing all security checks. It takes about an hour, but usually, the wait time is 10-15 minutes.

How quickly will you refund me the collateral?

You will receive your loan after passing all security checks. It takes about an hour, but usually, the wait time is 10-15 minutes.

What is your APR and how is it calculated?

The annual percentage rate on your loan depends on the collateral cryptocurrency and the LTV (Loan to value) ratio. The APR ranges from 12% to 16%.

The interest is calculated monthly from the time the loan was taken and is included in the repayment amount.

How to Apply for a Coinrabbit Loan?

The process to apply for a loan at CoinRabbit is easy:

Open the CoinRabbit homepage
You will see two different tabs: “Loans” and “Savings”. Click on the “Loans” tab, and select any coin you want as collateral
Once you enter the amount, you’ll see the exact amount of crypto that you can get for your collateral
To proceed further, click on the “Get Loan” button. After entering your mobile number and wallet address, you can go ahead and confirm the loan terms

Success! You will receive your loan in several minutes.

Calculate your crypto loan

First, calculate your loan using different cryptocurrencies as collateral and other LTV options (50% or 70%).

In the example in the screenshot below, we have used Bitcoin as collateral, 50% LTV and USDT as loan currency. You see the monthly cost and the liquidation level. You can calculate a 16% APR interest for the loan on the given numbers.

Specify your payout address where you want to receive the loan funds.

Confirm it by phone or email.

In the example in the screenshot below we have used Bitcoin as collateral, 50% LTV and USDT as loan currency. You see the monthly cost and the liquidation level. You can calculate a 16% APR interest for the loan on the given numbers.

Get crypto loan within minutes

Send the collateral to CoinRabbit generated safe address and you will receive the loan amount on your payout address without any KYC, delays or additional credit checks.

Start spending

You can use your loan as long as you want. CoinRabbit will just draw your attention to the rate of your collateral cryptocurrency in time.

Get back your collateral

At any moment you can get your collateral back.

To release your collateral and get it back, you need to pay the full loan back and when CoinRabbit receives it, they return your collateral.

The post CoinRabbit Review 2022 – Earn Interest on Stablecoins USDT, USDC, and BUSD appeared first on Cryptocoinzone.

Original source: https://www.cryptocoinzone.com/passive-income/coinrabbit-review-2022-earn-interest-on-stablecoins-usdt-usdc-and-busd/