31.01.2019: The CoinLoan Monthly Update
Hi everyone and welcome to the first monthly report of the year. CoinLoan is beginning 2019 on a high note — we had a lot of cool updates in January.
So let the story begin.
Longer Loan Terms
On January 9, we declared in the update that max. loan duration has tripled. Since the Platform launched, it was only possible to lend and borrow up to a maximum of 12 months. It’s time to go wider so now the maximum loan duration is 36 months or 3 years.
Moreover, Litecoin (LTC) became available for buying and selling on the CoinLoan Instant Exchange!
If Attacked by a Bear, Play Dead
We’ve collected some opinions and possible ways on how to reduce the negative impact of the crypto bear market and even generate some positive income for those, who believe crypto is here to stay and don’t want to give it up.
According to your experience and willingness to take a risk, you may want to bet on the overall market trend, make guesses on micro-trends, or just hold and make passive income. The other possibility is to borrow against your crypto to get instant cash and save assets for a long-term investment.
According to our little Twitter poll, CoinLoaners prefer to HODL, lending against crypto is the second popular option and there were almost no fans of short selling. If you have any opinion on this, let us know in responses under the post!
Depositing Will Be a Piece of Cake Now
Аre you wondering how to add funds to your CoinLoan wallet, don’t worry, because it’s an easy process. You can deposit to the Platform using not only a bank transfer (SWIFT, SEPA), it’s also possible to add funds via a bank card. It might be the most convenient way. However, some users are either unaware of this opportunity or just don’t know how to use it.
Visit our Help Center to learn how to put funds into your CoinLoan wallet as fast as possible in the cheapest way. There are multiple convenient opportunities for you to choose from.
Collateral Update, Short Term Loans and Beyond
A short while ago, the CoinLoan Team issued another development update consisted of three good news. The first and foremost, it is possible for a borrower to withdraw excess collateral from the overcollateralized active loan.
Apart from that, we went shorter with short-time loans, loan duration has been cut twice and now it’s seven days only. Also, TUSD became the first but not the last stablecoin available on the CoinLoan Instant Exchange.
Keep up with CoinLoan’s latest product updates and feature releases with our monthly product update. Follow official channels and stay tuned: