Written by
Kanga
Published on
Do you believe that the price of the cryptocurrency you own will increase, but you urgently need money? Kanga Exchange offers a revolutionary solution in the form of Kanga Loan!
Kanga Loan offers opportunities to secure funds against cryptocurrencies. If you want to learn more, feel free to dive into our resources!
Kanga Loan – Discover the full potential of crypto!
Kanga Loan is a service through which you can borrow oPLN, pledging your ethereum and bitcoins. How does it work? You pledge your cryptocurrencies, and in return, you receive a certain amount of oPLN. You can take out this loan in literally minutes.
The idea of the Kanga Loan, regardless of its simplicity, opens the door to unprecedented possibilities. Suppose you want to do a bathroom renovation, but you prefer not to sell your bitcoin now, at the current price. This is because you are convinced that its value will increase significantly in the coming months. In such a situation, you can use Kanga Loan. This allows you to spend omega pln on bathroom renovations, while the bitcoins are safe as a pledge.
Not to mention the favorable interest rate of 2% (now 1% per month, as at the time of creating the entry the promotion continues). Based on an example – with a loan of 1,000 omega pln, the daily amount of interest is 33 pennies. Doesn’t sound so bad, right?
But what would happen if the exchange rate of the cryptocurrency securing the loan falls below the liquidation level? Then a sale of the collateral takes place, and the surplus goes to the owner – that is, you. This way no one is at a loss. Of course, you can add more BTC to the pledge at any time to ensure the whole operation is properly secured.
How to use Kanga Loan?
First of all, we go to the “Loan” tab, which is located on our exchange. Then carefully read the terms and conditions, after which click the “take a loan” button. The next step is to select the amount of the loan, choose the currency of the collateral and the currency of the network fee. If everything has been done, the loan application should appear, with all the details. After a thorough review, click “send.” Then you will receive an email. After accepting the loan, the page should refresh.
Boom boom boom! You just managed to take your first cryptocurrency loan!
If you have any problems, please contact us at the email address: [email protected]