With Bitcoin, a credit request? Crypto-Exchange Coinbase offers new Service for users

Bitcoin has grown in the last few years of an interesting, but by the mass, belittled Asset to a real asset value approach. The shows not least of all the BTC News this week that the company, MicroStrategy has invested 250 million USD in your Corporate portfolio in Bitcoin.

Other News how to integrate the decision-making of hedge Fund legend Paul Tudor Jones, Bitcoin in its Investment strategy, to show which Standing has BTC now and what are the waves of the Asset. This development, away from a belittled Asset to a recognised asset, highlights the latest projects from Coinbase. The Crypto-Exchange to offer its users in the future, loans for which the own BTCs as a security can be stored.


Bitcoin Deposit – Coinbase credit get

In a Post on Twitter, Coinbase, announced to his followers on Thursday as one of the largest Crypto Exchanges in the world, that its users may soon be able to apply for loans in which Bitcoin as a security is accepted. During the Exchange accepts Crypto as a security, is paid the loan amount in Fiat money. So Coinbase says:

US-customers in selected States will soon be able to 30% of your Bitcoin holdings to borrow in cash. Eligible customers are invited to still on the waiting list for the early access to Coinbase login.

In the case of the sums, which can lend to users in the Bitcoin loans, is Coinbase but first, a little cautious. The new product sets a limit at 20,000 USD and the BTC loan at interest rate of 8% a year or less.

Trade on the worlds leading Social Trading platform!

Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!

Simplicity and competition from Square

The ultimate goal of Coinbase in the Bitcoin lending seems to be simplicity. Prospects for such a loan do not have to fill out long forms, or in the case of clerks audition. According to Coinbase, a credit with a couple of clicks to be able to be applied for. After authorisation the user will receive his money within 2-3 days on his Bank account.

Coinbase, however, is not the only company with the idea of a Bitcoin credit. The company’s Square to give his Cash App also work on users of short-term micro-loans.

The example of Coinbase and Square, shows that Bitcoin has grown in the last few years, more and more becoming a recognised asset approach, the two companies now accept even as a security for a loan. We can, therefore, be interesting to see what traditional banks offer such Bitcoin loans. Only recently became known that US banks are of BTC and co. for their customers to be able to manage.

If you are also the worldwide Adoption join now, so BTC want to buy should and your own in-depth Research did you do, make sure it is the correct selection of the Exchange or the broker. Your money and your Coins are only as safe as the Partner you trust in. According to our own Tests, we can recommend you and others because of the ease of use eToro as a focal point. In addition, you can set here not only rising, but also falling prices and so benefit from any market circumstances. Before, we promise you too much, click on the Button and see for you self!

75 % of private CFD accounts lose money. No EU investor protection.

(Image Source: Shutterstock)

The comments in this article do not represent any trading recommendations or investment advice.

Cryptocurrency Market