Crypto Lending & Borrowing Platform Reviews

Every day we analyze offers from a dozen different platforms to find the best conditions and tell you about it!

View best loans platforms
Get Loan
Earn Interest
I want to borrow
Collateral amount
Platform with best rate
Not found
Total Interest Amount 0,00 USDC
Interest Rate 0%
Repayment Amount 0,00 USDC
Deposit amount
Platform with best rate
Not found
Total Interest Amount 0,00 USDC
Interest Rate 0%
Repayment Amount 0,00 USDC

How It Works

How Crypto loans work
How the Crypto Loan Interest Works
1
Sign up

A user should sign up to the site and indicate the amount they need.

2
Deposit a collateral

in the platform specify the deposit prerequisite amount as collateral. The comparison with the deposited collateral is automatic.

3
Loan approval

Once the platform approves the loan it is deposited on the borrower’s account.

1
Deposit Assets

After depositing the user receives a maximum interest of 10%. The maximum deposit is unlimited while the minimum term of the deposit is limited.

2
Earn Interest from your Assets

Upon deposit, interests are made. Interest also increases each day and is deposited in the user’s wallet.

3
Withdraw Whenever you want

Around the clock, one is eligible for depositing or withdrawing their cryptos. The accounts are at no given time locked.

Explore best rates

Loans rates
Earn Interest Rates
  • Chainlink
  • EOS
  • Ripple
  • DAI
  • Tron
  • Monero
  • Litecoin
  • Bitcoin Cash
  • USD Coin
  • Bitcoin
  • Ethereum
  • Tether
Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Constant
Lending Platform
30-180 days
4
3.9
Short review

Is MyConstant really a legit money-making platform?
MyConstant reviews always seem to be positive. But as we know, the P2P crypto-lending market can be quite deceiving. That's why we have taken the responsibility of providing you with an unbiased MyConstant review. We will analyze every aspect of MyConstant, and provide you the right information to make informed decisions.

Pros

Earn money just like a savings account

Varied investment options

Assured collaterals and guarantees

Great support and transparency

Free and easy withdrawals

Cons

Some reports of delayed credits

KYC requirements for fiat transfers

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Crypto.com
Lending Platform
30-180 days
8
4
Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Crypto.com
Lending Platform
30-180 days
8
4
Compound Finance 
Lending Platform
1-360 days
9
4.2
Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Crypto.com
Lending Platform
30-180 days
8
4
Constant
Lending Platform
30-180 days
4
3.9
Short review

Is MyConstant really a legit money-making platform?
MyConstant reviews always seem to be positive. But as we know, the P2P crypto-lending market can be quite deceiving. That's why we have taken the responsibility of providing you with an unbiased MyConstant review. We will analyze every aspect of MyConstant, and provide you the right information to make informed decisions.

Pros

Earn money just like a savings account

Varied investment options

Assured collaterals and guarantees

Great support and transparency

Free and easy withdrawals

Cons

Some reports of delayed credits

KYC requirements for fiat transfers

Compound Finance 
Lending Platform
1-360 days
9
4.2
coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Constant
Lending Platform
30-180 days
4
3.9
Short review

Is MyConstant really a legit money-making platform?
MyConstant reviews always seem to be positive. But as we know, the P2P crypto-lending market can be quite deceiving. That's why we have taken the responsibility of providing you with an unbiased MyConstant review. We will analyze every aspect of MyConstant, and provide you the right information to make informed decisions.

Pros

Earn money just like a savings account

Varied investment options

Assured collaterals and guarantees

Great support and transparency

Free and easy withdrawals

Cons

Some reports of delayed credits

KYC requirements for fiat transfers

coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

  • Ethereum
  • Bitcoin
  • Tether
  • XRP
  • Bitcoin Cash
Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Crypto.com
Lending Platform
30-180 days
8
4
coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Crypto.com
Lending Platform
30-180 days
8
4
Compound Finance 
Lending Platform
1-360 days
9
4.2
coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Constant
Lending Platform
30-180 days
4
3.9
Short review

Is MyConstant really a legit money-making platform?
MyConstant reviews always seem to be positive. But as we know, the P2P crypto-lending market can be quite deceiving. That's why we have taken the responsibility of providing you with an unbiased MyConstant review. We will analyze every aspect of MyConstant, and provide you the right information to make informed decisions.

Pros

Earn money just like a savings account

Varied investment options

Assured collaterals and guarantees

Great support and transparency

Free and easy withdrawals

Cons

Some reports of delayed credits

KYC requirements for fiat transfers

coinloan logo CoinLoan.io
Lending Platform
14-360 days
4
4.5
Short review

CoinLoan is the platform where anyone can lend or borrow crypto coins. It is the first peer-to-peer (P2P) lending platform that offers you cryptoassets backed loans. Simply put, you can borrow, exchange fiat currency, cryptocurrencies, and earn interests from any part of the world all at one place.

Pros

Unlock Potential of Idle Assets

Reasonable Rates

Easy Withdrawal

Easy Loans

Variety of Currencies

Cons

Market Volatility

High Default Rate

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Platform
Category
Duration
Rate
Rank
Celsius
Lending Platform
6 - 36 Months
5
4.8
Short review

Celsius Network has been on the financial headlines with its big promise, attracting massive attention from crypto traders. Guaranteeing a 4-10% APY annual return is quite a big promise to make to stakeholders, which many have termed as unreal. However, in this article, you get an in-depth overview of Celsius services, highlighting both the good, the bad and the hype. By the end of this review, you will understand clearly whether the company can deliver its big agenda to the members or not and if it does, how it does it.

Pros

There is no minimum deposit.

No withdrawal fee feature.

Freedom to choose how to receive or pay your interest.

Celsius Network does not lock the funds of the users.

No Credit Check

Cons

$25k Limit on Immediate Withdrawals

They do not offer a downloadable earning statement.

Nexo
1-360 days
3
4
Short review

Is Nexo worth the hype? Discover the good, the bad, and the outright amazing aspects of Nexo.io. So, use this opportunity to make an informed decision concerning your future with Nexo

Pros

The Nexo online platform is user-friendly.

The Nexo card makes it easy to access funds in the Nexo wallet.

Client funds are secured and insured.

Nexo.io offers affordable interest rates on both loans and deposits.

Nexo supports over 45 fiat currencies and 12 cryptocurrencies.

Cons

Margin calls are possible in case the value of your cryptocurrency security drops.

Nexo.io offers limited interest on cryptocurrency deposits.

Proof of identity is a must, making it unsuitable for people who prefer to remain anonymous in the crypto-exchange space.

Aave
Lending Platform
1-360 days
3
4.5
Short review

Crypto lending is opening up a new range of possibilities for depositors and borrowers. Several crypto-lending platforms are competing to come up with innovative solutions to attract investors.
Among them, Aave is making a wave in the market with its most extensive options of assets for lending and borrowing. On top of that, you can also take advantage of loans without collateral.
Excited to know more? Let's find out more in our Aave review!

Pros

Great rates in the industry

Pioneers of the DeFi movement

A wide range of assets to lend and borrow

Used by a huge number of people

Zero collateral loans

Cons

Not very user-friendly

Need technical knowledge to avail flash loans

Constant
Lending Platform
30-180 days
4
3.9
Short review

Is MyConstant really a legit money-making platform?
MyConstant reviews always seem to be positive. But as we know, the P2P crypto-lending market can be quite deceiving. That's why we have taken the responsibility of providing you with an unbiased MyConstant review. We will analyze every aspect of MyConstant, and provide you the right information to make informed decisions.

Pros

Earn money just like a savings account

Varied investment options

Assured collaterals and guarantees

Great support and transparency

Free and easy withdrawals

Cons

Some reports of delayed credits

KYC requirements for fiat transfers

De-Fi. What is it? How does it work?

De-Fi can also be referred to as Decentralized Finance which are digital assets built on financial protocols like Bitcoin loans. All these run on smart blockchain applications that can generate specific commands. It eliminates the need for brokers and any official procedure that is necessary during the process of taking credit. Smart contracts usually replace all these and make the process almost impossible to stop. 

De-Fi works and aims at offering financial structures to anyone who does not need authorities to snoop on their financial transactions. The Decentralized Finance system makes use of cryptocurrencies, the internet, and also blockchains. All these are free from interception by authorities.

All these De-Fi applications majorly rely on Bitcoin loan blockchains which is a popular and programmable currency.  Bitcoin loan has a network connection that keeps a shared ledger containing a digital value that is decentralized. A developer can come up with a program that can easily create, manage, and also store digital assets on the said blockchains. 

The applications are known as decentralized apps. There are agreements built on the blockchains which are irreversible and do not need a middle party to enforce them. De-Fi helps in bringing transparency in the financial sector. Most of them are built using open-source programs and a user can choose what works best for them.

What is a crypto loan?

A crypto loan or crypto lending is where a cryptocurrency user can borrow crypto loans and offer collaterals to get a crypto loan. A lender always offers a loan at a particular interest rate which is agreed upon by the two. A lender can have a cryptocurrency reserve which they are not planning to use and can offer crypto lending services. Some companies offer crypto loans to individuals who need these coins.

How do crypto loans work? 

Crypto loans usually work like any other P2P lending platform. The crypto lending applications usually connect a borrower to a lender where the whole process takes place on an online platform. The crypto lending platforms usually trade on cryptocurrencies and not money. A lender offers the assets to a borrower on collateral. The pledger pays the loan and the lender profits from the interest attached to the loan. 

The crypto loans allow a borrower to attach physical assets like a property as collateral to the loan. Some crypto lenders also allow borrowers to attach any intangible resources like cryptocurrencies. Their operational interests and agreement may differ from one company to another but generally, the concept of crypto lending is similar. The interest rates may differ on the various platforms offering the loans.

A borrower can get a crypto loan to trade on the platform if they believe the particular currency will increase in value. They can look for a lender who can grant some funds they can use. After the stipulated duration, the borrower should return the funds with an interest. 

What is Cryptocurrency Interest-Earning? How it works

An individual who has an amount of cryptocurrency which they are not using can make use of it to generate an extra income. Through crypto lending platforms, a user can loan out some of their coins to generate interest. The high return rates usually encourage currency holders to lend their assets instead of storing them on personal wallets. 

The demand for the assets is high which boosts the interest rates on the cryptocurrencies. It helps in creating market activity from the funds which could be idle. The sector is still growing and it has high volatility and interest rate variance are some of the signs a lender should watch. The rates possibly can vary up to a four percent rate and can change from one platform to the other. 

The rate variance is compounded depending on the supply and demand for the numerous assets on the platform. Some platforms offer loaning options which can generate an interest rate up to 10% per annum. An example is if one deposits two Bitcoin, they can generate interest of up to 4% in a year.

How the industry has been developing over the years

The interest surrounding De-Fi and crypto lending platforms has increased a lot by giving people control over their assets or money. Nowadays, people have come to realize many exciting ways of using their assets. The truth is that a centralized financial system has long locked out people of modest means. The best instruments have always been reserved for people with more funds, increasing the wealth gap. 

Many projects supported by De-Fi or crypto lending or loaning platforms aim to make trading and investment more accessible. Investors can make lower minimum investments as the platforms are easy to use so long as an individual has a smartphone. With an internet connection, an individual can access the crypto loaning platforms regardless of the geographical location.

Again, cryptocurrency has proven to be a disruptive concept. The method is an alternative to fiat currency, which is presently used in common monetary systems. Currently, the cryptocurrency market is valued at $1.03 billion, and the amount is projected to reach $1.4 billion by 2024. The percentage growth rate is estimated to be 6.18%. 

The market of cryptocurrency will grow at a pace set by the main participants. The growth is expected to be characterized by spurts of legitimacy from the same participants, and this will bring an issue known as a credentialing moment. Therefore, for the market to reach the next phase of evolution, the key market participants will have to play a role. Consumers and merchants, investors, regulators, tech developers, and financial institutions are expected to gear crypto loaning and lending towards stable expansion and mainstream acceptance.

Cryptocurrencies offer cheaper and faster peer-to-peer payment alternatives than the ones offered by traditional money services. Furthermore, there is no need to provide personal details, and this has made the method continue gaining acceptance as a payment option. Opportunity for speculative investments and price volatility has encouraged many consumers not to use their cryptos to purchase services and goods but rather for trading.

Pros and Cons or crypto loans

Pros

  • Huge potential for returns 
  • Increased liquidity
  • Shorter time horizon.
  • Clear directions or instructions for execution. 

Cons

  • Potential network stall.
  • Potential mismanagement.
  • Potential Shortage of resources.
  • Increased volatility.

How to get a crypto loan

Due to the increase in demand for crypto loans, it is now easier for a borrower to get a crypto loan. Therefore, a borrower needs to understand what is a crypto loan? And how they can access one. Crypto loans are an efficient way to manage cryptocurrencies. A client can apply for particular loan amounts and offer any necessary identification information for verification. Also, a client does not need any soft checks to see if they qualify for a loan since some platforms do not take any collaterals while others it is necessary. 

Borrowers need to check the interest rates which vary depending on the loan amount. After using a crypto lending platform for some time, a client can benefit from non-collateral loans. Consequently, non-collateral loans usually reduce the collateral amount gradually in proportion to the interest rates paid. Failure to meet the repayment terms a borrower goes back to crypto-backed loans. 

Crypto users can enjoy flash loans which can be requested and repaid in one transaction. Therefore, a borrower does not need collateral for the flash loan and they need to return the borrowed amount plus the interest. Failure to do so, the amount is reverted and the borrower pays some amount of fee.

Can you get a loan without collateral? How does it work?

Before, it was not possible to get crypto loans without collateral. However, with ever changing technology, people can get a crypto loan without collateral. Investors were encouraged to use their cryptocurrencies as collateral. The use of cryptocurrency allows investors to maintain the borrowers’ funds as they gain access to the dollars. The same dollars can be used to fund other projects.

There is a lending protocol referred to as Credit Delegation. The feature encourages users to provide peer-to-peer crypto loans without having formal collateral requirements. No collateral feature relies on peers to enter into agreements allowing borrowers to use the lender’s credit line freely.

The parties entering into a loan agreement without collateral must make a formal legal code that defines interest, repayment schedule, and any other necessary condition. Depending on peer-to-peer intermediaries, encourage limitations that are inherent to De-Fi. In that case, the protocol followed cannot recover the loan of the borrowed outside the blockchain. Additionally, many lending platforms require posting of more collateral than what is borrowed. However, encouraging non-collateral lending can limit the cases of blockchain lending. 

The model for an uncollateralized loan could bring De-Fi into the mainstream because it makes crypto loans more flexible. The purpose of initiating models for uncollateralized loans is to support the matching credit delegators with borrowers, which are either businesses or institutions. Such kinds of limitations make the process of loan repayment much more manageable.

Is it safe to get crypto loans?

Crypto loans are safe, but they depend on the platforms used by both borrowers and lenders. Because of that, it is imperative to keep your cryptos safe and away from attackers or hackers. Otherwise, you will be earning nothing when your crypto assets are just sitting in a hardware wallet. The process of crypto lending allows subscribers to put their cryptocurrency as the collateral for fiat loans. 

You may need to unlock your crypto value to buy a car or use it for some house bills. However, if you still believe that BTC will experience another bull run, you will probably don’t want to sell any of your assets. Using your cryptocurrency as collateral, you can get loans of lower interest than what you will get from the bank. For instance, platforms such as Celsius Network charges an interest rate of 9% on loans. The interest is backed by crypto. The interest rate is lower than the percentage offered by credit card companies (20 -25%).

Furthermore, crypto lending platforms do not care about people who have a bad credit history or horrible purchasing history. So long as they have crypto collateral, they have the right to access loans.

 Verdict

With the existence of loans backed with cryptocurrency, I still believe that there is a gap in the market between the service targeting many businesses and hopes to provide a mechanism that blends traditional financing methods with modern solutions. Cryptocurrency represents the start of a new phase of technology-driven markets. The technology of crypto loaning has the potential of disrupting conventional market strategies, outstanding business methods, and established regulatory perspectives. The primary objective is to benefit consumers while exhibiting a broader macroeconomic efficiency. Furthermore, cryptocurrencies allow consumers to access the global payment method, anytime, anywhere, and so be a credit.

Dmitry Leiko
Author

My name is Dim. I am a marketer and cryptocurrency enthusiast. I have consulted on SEO issues for companies such as u.today, cointelegraph and other major media. I am interested in DeFi and cryptocurrency loans. I study this field, test different companies and share honest experience on this site.

Frequently Asked Questions

1. What is De-Fi?

De-Fi is also known as decentralized finance, which is the fast-growing sector for cryptocurrency. Even though cryptocurrency coins create a decentralized store of value separated from fiat currency backed by any government, De-Fi still develops decentralized financial systems, which are separate from the traditional centralized organizations. De-Fi includes smart contracts, protocols, and digital assets, which are built on a blockchain. Therefore, investors should think of De-Fi as an open financial system, where they can develop multiple small financial services and means in a decentralized approach.

2. What is a crypto loan?

A Crypto loan is a stablecoin, or fiat borrowers can obtain by using their crypto assets as collateral. On the other hand, lenders can provide the assets requested for loans at the agreed interest rate. Lenders get their investments back after borrowers have paid back the loan. Many businesses use cryptocurrencies as collaterals to get stable coin loans from lending platforms.

3. How do crypto loans work?

The principle of crypto loan works just like any other loan. The lender is allowed to loan his or her bitcoin to the borrower. In the process, the borrower is expected to repay the loan with interest at an agreed rate. The same bitcoin loan can be transferred as a private loan between two parties that have bitcoin wallets.

4. How to get interest in crypto?

Getting an interest in crypto is simple. The process is about three steps away. You only need to deposit assets into your account and earn about 10% interest. Interests are earned daily, and they can be withdrawn anytime because your cryptos are never locked.

5. How to get a Bitcoin loan?

The process of getting a bitcoin loan is simple. You only need to sign up for a crypto account and get started. The process takes a few seconds. After securing an account, specify the amount of collateral that you want to deposit because the loan amount calculation is automatic. The bitcoin loan is deposited to the account of the borrower upon approval.

6. What is cryptoloan.guru?

Cryptoloan guru is a platform that provides users with unbiased reviews and compare other companies offering cryptoloans in the market. Cryptoloan.guru understands the technology of crypto loaning and does reviews on other crypto loan companies. They can explain what is going on with the process, and their information can be helpful. The platform's main objective is to deliver guidance to people interested in crypto loaning or lending.

7. Is there any crypto risk?

Crypto loans have special risks you would not see with conventional bank loans. Since it is a volatile financial asset, the collateral given for this loan may be deemed a margin. This means that if your coin price decreases in value as collateral, you will lose any or all of the collateral after you have paid off the loan. When the whole loan is called for a discount, you no longer owe the money, but cannot recover your coins too.