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How Do I Lend Crypto on CoinRabbit?

Dec 9, 2022

CoinRabbit is one of the many exchanges that provides users with loan opportunities. However, it also allows traders to lend Bitcoin on its exchange. How do you lend crypto on CoinRabbit? You can learn more about CoinRabbit's lending program by contacting trader support here, and below is more about lending your coin to others.

Benefits of Lending on CoinRabbit

There are many benefits to using CoinRabbit to start lending Bitcoin. CoinRabbit doesn't offer peer-to-peer lending, so you cannot deposit coin on CoinRabbit for others to borrow, but you can use your current assets to lend on other exchanges. The benefits include the following:

  1. Interest Rates: CoinRabbit offers lenders up to 10% interest on their loaned coin. This annual interest rate is optimal for profit.
  2. Withdrawal Capabilities: With CoinRabbit your crypto isn't locked in once you add it to the lending pot. You can withdraw your Bitcoin any time you wish.
  3. Speediness: Your deposit starts earning interest within ten minutes of depositing it.
  4. Rating on Trustpilot: CoinRabbit has a 4.2 rating out of 5, making it one of the more trusted lending platforms.
  5. Loan-to-Value: CoinRabbit has a 50% LTV protecting your crypto from significant price drops in most situations.
  6. Interest Payments: Interest payments are collected when you withdraw collateral.
  7. Know-Your-Customer: CoinRabbit doesn't subject traders to extensive KYC checks because it values your privacy.

How to Lend on CoinRabbit

If you are ready to start lending crypto using CoinRabbit, follow the below steps:

  1. Get a Stablecoin loan to begin the lending process.
  2. Use the calculator on the main page to determine how much crypto you want to deposit for lending.
  3. Choose one of the following coins to lend:
    • Ethereum based Tether
    • Tron based Thether
    • USD Coin
  4. Select "Get loan."
  5. Confirm the information is correct and select "Confirm."
  6. Once you have received your Stablecoin, you can add it to a liquidity pool on an Ethereum-based lending platform.
  7. Use the money you earn to repay your CoinRabbit loan and start the process over again to increase profit.

While CoinRabbit doesn't allow peer-to-peer lending on its platform, it is still possible to use your CoinRabbit account to lend crypto by taking out a Stablecoin loan and applying that to a lending liquidity pool. For more information or assistance, contact CoinRabbit trade support here.

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Jeff truly believes that all customers deserve good service. He’s been building tools, inventing phone tree hacks and helping customers since before his days at GetHuman. He's also a Google GDE and involved in the Angular community.

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CoinRabbit

Best Phone Number for CoinRabbit More questions and solutions
Asked 3 years ago
Updated 3 years ago
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CoinRabbit provides Stablecoin loans to its traders so they can make money by placing the loan amount in a liquidity pool on a lending platform. Once you earn interest
you can pocket that amount
and pay off your CoinRabbit loan.

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