Kanga Loan – earn cash without selling your BTC and ETH

Do you have Bitcoin or Ethereum and need cash? Don’t want to sell your crypto because you’re counting on growth or simply don’t want to close your position? That’s where Kanga Loan comes in. You borrow USDT, USDC, or PLN° (omegaPLN) against your cryptocurrency, use the funds, and pay them back when it’s convenient for you. How does it work step by step?

What is Kanga Loan?

The principle behind Kanga Loan is simple. Instead of selling BTC or ETH, you lock them as collateral and receive funds in PLN° (omegaPLN), USDT, or USDC. The borrowed money goes directly to your wallet on Kanga Exchange, and you can use it for any purpose.

This solution allows you to keep your cryptocurrencies and ensures liquidity at the same time. You don’t leave the market. You use the value you already have.

The process is simple, and the funds appear in your wallet in a few moments. Importantly, you can opt out at any time. You repay and receive your collateral back.

How to use Kanga Loan

To use Kanga Loan, you need an account on kanga.exchange. Go to the Loan tab in your profile – you will find all the information there.

The maximum amount you can receive is PLN 100,000/USDT/USDC. The interest rate is fixed. Currently, the interest rate is 1% per month for USDT/USDC and 1.2% per month for PLN.

1. Select the currency (PLN°/USDT/USDC) and enter the amount you want to borrow.

2. Select the network fee currency (it can be the loan currency or the collateral currency).

3. Once you have filled in all the details and accepted, you will see a summary including:

• loan amount,
• monthly interest rate,
• daily interest,
• collateral amount,
• network fee,
• current exchange rate,
• liquidation rate,
• loan period.

4. Select whether you want the loan to renew automatically. If you select this option, the loan will renew and continue to renew until you disable auto-renewal or until you repay, close, or liquidate it. Each renewal will be subject to the values of the parameters (network fee and interest rate) current for these parameters on the renewal date.

5. Click the “Send” button – you will receive an email asking you to confirm your intention to take out the loan.

6. Once your application is approved, the funds will appear in your account in the currency you have selected.

How to repay a Kanga Loan?

You can do this at a time that suits you.

To do so, simply click the “Repay” button in your loan administration panel and choose whether the repayment should be made from your wallet in the loan currency or from the collateral. If the repayment process is successful, you will receive an email with the relevant confirmation.

Please note that if the value of your collateral falls below the liquidation price due to a decline in the exchange rate, the loan will be automatically closed.

Loan auto-renewal – full control in your hands

Each loan at Kanga Loan has a specific duration. If you don’t want to bother with keeping track of the repayment date, you can use the auto-renewal option. In the loan panel, you will find a button that allows you to enable or disable this feature at any time.

When auto-renewal is enabled, the loan is automatically renewed for the same period. This continues until you decide to repay it, close it, or disable auto-renewal.

If you disable this option, the loan will end at the end of the period for which it was taken out, or at the end of the last period for which it was automatically renewed.

What to do when the value of your collateral drops

The cryptocurrency market can be volatile. If the price of BTC or ETH starts to fall, the value of your collateral will also decrease. In this situation, the risk of loan liquidation increases because the collateral has less and less value in relation to the amount borrowed.

Kanga Loan gives you the opportunity to react. In the active loan panel, you will find an “Add” button that allows you to increase your collateral. Enter the amount you want to increase it by and confirm the operation. The system will withdraw additional funds from your wallet, if available.

This will reduce the risk of liquidation and stabilize your loan without having to close it. It’s a simple tool that allows you to stay in control even in a difficult market.

Summary

Kanga Loan allows you to take advantage of the value of cryptocurrencies without having to sell them. You fill out the application yourself, manage your funds, and repay when you think the time is right. The whole process is simple and transparent, and the additional funds can be available in your wallet in just a few minutes.