{"id":9575,"date":"2023-08-02T08:40:19","date_gmt":"2023-08-02T08:40:19","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9575"},"modified":"2025-02-14T15:50:03","modified_gmt":"2025-02-14T15:50:03","slug":"loans-with-bitcoin-guarantees","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/loans-with-bitcoin-guarantees","title":{"rendered":"Loans with Bitcoin guarantees"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/loans-with-bitcoin-guarantees\/#what_loans_with_bitcoin_guarantees_are\" >What loans with Bitcoin guarantees are?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/loans-with-bitcoin-guarantees\/#bitcoin_backed_loans_grow_but_do_not_explode_yet\" >Bitcoin backed loans grow but do not explode yet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/loans-with-bitcoin-guarantees\/#benefits_of_these_loans\" >Benefits of these loans<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-1916146998\" class=\"row row-collapse row-full-width align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><b>Loans backed up with Bitcoin<\/b>\u00a0are increasingly popular. This has to do with representing a truly<b>\u00a0interesting alternative to traditional loans<\/b>.<\/p>\n<p>There are many reasons why the\u00a0\u00a0<b>loans with Bitcoin guarantees<\/b>\u00a0are gaining ground to other financing options. Perhaps, one of the main reasons is the\u00a0<b>blocking technology that is used to support the loans<\/b>. This causes transparency and confidence to increase exponentially.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_loans_with_bitcoin_guarantees_are\"><\/span>What loans with Bitcoin guarantees are?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These are<b>\u00a0loans that are backed with Bitcoin<\/b>. To obtain these loans it is necessary to offer Bitcoin as a guarantee. The operation is carried out in a simple manner, without exhaustive documentation or large credit checks.<\/p>\n<p>Loans are granted to borrowers through\u00a0<b>decentralized Blockchain platforms<\/b>. In these platforms intelligent contracts are created with which all parties reach a mutual agreement. It is\u00a0<b>a simple and transparent process in which there are no hidden charges<\/b>. When the borrower returns his loan, he immediately recovers his\u00a0<b>Bitcoin<\/b>.<\/p>\n<p>Since all hundred currencies fluctuate, lenders are protected with guarantee. This can mean that the borrower may have to increase the guarantees and the value decreases considerably.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"bitcoin_backed_loans_grow_but_do_not_explode_yet\"><\/span>Bitcoin backed loans grow but do not explode yet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is true that the loans supported in this way are growing significantly. However, they have not yet completed the exploitation on the same level as the other cryptocurrency options.<\/p>\n<p>This has a lot to do with the fact that<b>\u00a0many people have not yet discovered the enormous potential of this type of loan<\/b>\u00a0and, of course, not even the advantages over traditional loans.<\/p>\n<p>On the other hand, it is true that there are still legal restrictions and pitfalls regarding these types of loans in certain legal sectors.<\/p>\n<p>And, being a relatively unknown environment, bad practices also revolve around the first steps of its implementation. Looking at one of the\u00a0<b>TechNode<\/b>\u00a0reports, we found that about a third of\u00a0<b>P2P loans operating in China<\/b>, just three years ago, included some kind of plan that ended with police investigations and users unable to withdraw their funds.<\/p>\n<p>Obviously, in these three years there has been considerable progress. However, when it comes to requesting loans of any kind, the reliability of companies is a fundamental element.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1287181520\" class=\"row row-collapse row-full-width align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<div id=\"image_1342571177\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"benefits_of_these_loans\"><\/span>Benefits of these loans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These are\u00a0<b>fast loans<\/b>, which can be obtained almost instantly. They do not include credit checks or other types of checks and are safe.<\/p>\n<p><b>The amount of bitcoin that supports these loans is kept in cold wallets\u00a0<\/b>until the borrower returns the financed amount.<\/p>\n<p>On the other hand, interest rates are low and holders do not need to sell assets. This way, they are not taxed, but you can even get benefits if the value of the assets increases.<\/p>\n<p>In essence, these are interesting,\u00a0<b>very profitable alternatives to traditional loans<\/b>. In fact it guarantees great benefits both for the borrower and for the person to be financed. It is true that it has not yet become a wide current, as happens with other Bitcoin-related options. But, of course, it has great potential in the medium and long term.<\/p>\n<p>If you are thinking of\u00a0<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\/\"><b>buying Bitcoins<\/b><\/a>, this is, without a doubt, another option that you should keep in mind.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Loans backed up with Bitcoin\u00a0are increasingly popular. This has to do with representing a truly\u00a0interesting alternative to traditional loans. There are many reasons why the\u00a0\u00a0loans with Bitcoin guarantees\u00a0are gaining ground to other financing options. Perhaps, one of the main reasons is the\u00a0blocking technology that is used to support the loans. This causes transparency and confidence [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9575"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7516"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}