If you’ve been following Michael Saylor’s strategy on living off bitcoin and never selling, you’ll be on the lookout for cheap rates on crypto loans.
The safest place to get 1% APR is Celsius. They have a choice of shitcoins to borrow, including their own token which gives an even better rate should you choose it. I suggest you take a look but stick with Bitcoin. Not financial advice.
Celsius crypto-backed loans have no origination fees, no credit checks, and they boast the lowest industry rates. I haven’t actually done a price comparison but compared to Binance the rates are much lower. Plus, Celsius gives you the option of going 25% LTV, meaning loan to value. That means that you need 2000 dollars worth of bitcoin to get a loan of 500 dollars at 1% APR. 500 Dollars is the lowest amount you can borrow, and it feels like the best rate out there.
25% LTV means the price of bitcoin would have to drop 75% before you get margin called. Bitcoin has dropped 80% in the past but now with the institutional investors waiting for a sale, it’s unlikely that we’ll ever see such a deep dive again. Out of all the risky stuff, this is one with the least risk. Of course there is always a risk.
The team behind Celsius is a serious one, it’s not some happy startup people, they have some real financiers and business people among them.
Why you should take a 1% loan from Celsius Network
- No 2% origination fee
- No closing cost
- Refi with no penalty at any time
- Pay 75% less interest than their closest competitor
- Low LTV protects you from the risk of liquidation
- Close the loan at any time.