SpectroCoin has joined the growing number of exchanges that allow traders to loan or borrow digital currency to maximize their earning power. How do you lend crypto on SpectroCoin? How do loans work on the platform? You can learn more about SpectroCoin's lending platform by contacting customer support here. Below is information regarding lending your digital currency on the exchange.
Unfortunately, SpectroCoin does not have a lending option on its platform for traders to back loans with their personal digital currency. SpectroCoin only has a borrowing program allowing borrows to use their own currency as collateral against a loan.
If the loan is not repaid, the collateral is deducted from the holding wallet to the exchange to satisfy the unpaid portion of the loan.
While you cannot lend your assets on SpectroCoin, you can use your current assets as collateral to take out a loan. You can then use your loan assets to invest and grow your holdings. To take a loan on SpectroCoin follow these steps:
You can repay your loan through your account by clicking the "Repay the loan" link. Loans with SpectroCoin have minimum maturity of one year. You control how and when you repay your loan, and there are no penalties for early payment. If you don't repay in a year and extend your loan terms for an additional year, your interest rate will increase.
If you cannot repay your loan, you can contact customer support here for assistance. Additionally, if you don't repay your loan or set up a plan with customer support, you forfeit your collateral.
While SpectroCoin does not allow traders to lend their currency on the platform, there are options to borrow to increase profits. For more information or assistance, contact SpectroCoin customer support here.
GetHuman has been working for over 10 years on sourcing information about big organizations like Comcast in order to help customers resolve customer service issues faster. We started with contact information and fastest ways to reach a human at big companies. Particularly ones with slow or complicated IVR or phone menu systems. Or companies that have self-serve help forums instead of a customer service department. From there, we realized that consumers still needed more detailed help solving the most common problems, so we expanded to this set of guides, which grows every day. And if you spot any issues with our What do I do if my Xfinity TV or internet is out? guide, please let us know by sending us feedback. We want to be as helpful as possible. If you appreciated this guide, please share it with your favorite people. Our free information and tools is powered by you, the customer. The more people that use it, the better it gets.
After helping consumers for 10 years, we realized that you need an impartial, live person you can talk to about comparing the various TV, cable, Internet and phone plans in your area- somebody who can compare the best deals across telecom providers. So we created a free concierge service you can call at the phone number below.
Call Anytime: 888-379-2546Our concierge is unaffiliated and therefore able to compare deals across many companies