Who is BitcoinzTech?

Since the onset of cryptocurrencies, participants in the industry have been on the lookout for safer means of investing in digital assets. More often than not, cryptocurrencies go hand in hand with volatile market conditions. This can be witnessed in the various incidents that have shaken up the space in the years since its inception. 

Given this reality, it does make sense that users have turned to more secure alternatives, a prime example of which is BitcoinzTech. BitcoinzTech is a crypto savings platform that provides investors with a secure means of storing their virtual assets. Despite the risks, a considerable factor driving interest in the crypto industry is the large returns traders stand to receive.

BitcoinzTech ensures users don't miss out on that experience as it offers higher interest rates than traditional banking services. The company provides up to 10% APR on the world's largest digital currency (BTC); with features such as this, investors can make lifelong passive income. 

Crypto Loans

Notably, BitcoinzTech's quality service offerings do not end at savings; it also functions as a crypto lending platform. The company allows users to take out crypto loans; besides secure savings, this is another phenomenon that has grown popular in crypto circles.

Loans on crypto assets are secured loans where the borrower deposits assets to obtain funding. With crypto loans, the collateralized assets are given to the lender in digital currency. Thanks to lending platforms like BitcoinzTech, when crypto users need financing, they don't have to sell off their holdings.

A viable alternative is using the crypto in their portfolio to borrow stablecoins or a fiat currency like the US dollar. Bitcoinztech stores the deposit securely, and investors get to retain their assets. They can wait for the collateralized funds to appreciate. Also, they can even enjoy the platform's high returns on cryptocurrency in the meantime. 

Another option is to use the borrowed stablecoins (or other currency) to purchase different tokens that appeal to them. They can then hold ahead of a price increase and, through this, make profits. BitcoinzTech offers a wide range of borrower options; let's take a look at these.

Options for Borrowers

It's important to note that the interest rates on the company's loans are tied to the collateral deposit. If the borrower chooses to pay lower interest on the borrowed funds, they must deposit a higher quantity of the collateral asset.

BitcoinzTech's 1% rate per year requires users to put down 4X the worth of the coins as collateral. This means that if an individual wishes to borrow $100 worth of a stablecoin at 1% interest yearly, they must deposit $400 worth of their assets as collateral for the loan.

Likewise, BitcoinzTech's 6% rate per year requires users to put down 3.03X worth of coins as collateral. To borrow $100 worth of stablecoins with a 6% interest rate, the borrower has to deposit $303 worth of their coins as the collateral.

BitcoinzTech's lending service also offers an 8% yearly interest rate, and this option incurs 2X the worth of the borrowed asset as collateral. To borrow $100 worth of stablecoins, the borrower must put down a deposit totalling $200. As stated earlier, a lower rate will incur a higher collateral deposit.

Bottomline

Crypto loans are generally beneficial; however, it's essential to consider that they can come with certain risks. This runs back to the crypto price fluctuations, but a reliable platform can go a long way to mitigate the dangers, and one of those is BitcoinzTech. They employ methods such as cold storage and online and offline transaction verification, ensuring funds are securely kept. They also offer high yields on deposits and run a very rewarding affiliate program.