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There are different ways to make money in the crypto market. Lending could be a great tool to increase the available amount of your funds, as in traditional finance. Only in this case, it is not a bank but a lending platform of cryptocurrency assets who acts as a lending institution. Digital coin and token lending offers issuing loans against crypto at interest. At the same time, the difference and advantage of crypto lending against the regular banking system is the lower annual rates than traditional banks. Cryptocurrency lending can be a great tool to increase your income, if you know where you can perform a profitable investment with the loaned fund. Crypto lending is the tool which lets you save your crypto funds while spending the loaned funds on the promising assets. Crypto lending works usually with collateral and the best way is when it works without KYC and credit checks which makes the receiving of the loan extremely fast. Such a fast and credible loan is possible to get from the platform CoinRabbit.
The speed is highly important for the crypto market because this market core characteristic is volatility, which could be taken as disadvantage, but smart investors know how to turn it into advantage with trading tools.
Hodl is a strategy that traders often use to make large profits. You simply have to buy digital currency without setting a take profit or stop loss. It is important to think through the risks before you buy any digital asset: cryptocurrency, NFT, IoT.
Suppose you buy BTC, and its price goes up 15% on the second or third day after the purchase. You will make a good profit even in that short time, but if the price goes down drastically in a month, you will lose. That's why traders usually prefer to use hodl strategy which offers holding the assets for a long period. In this scheme the amount of your holdings goes up almost 90% of cases, so this scheme will extremely tend to not hurt your budget.
This strategy is suitable for beginners as it does not require much experience and knowledge in trading crypto or any other special skills — you simply buy crypto currency at a low price, hold it for a long period until the price soar and sell it with the maximum profit.
Crypto lending is a great tool for implementing this strategy, because the crypto lending has flexible terms and you can keep the loaned funds as long as you prefer, while the bought asset’s price rises up. While your collateral will still be yours even if your funds are on the lending platform. At the best platforms the collaterals are staked in the called wallet for the solid safety. And the borrower can get back his collateral in any moment he prefers. For receiving the collateral back, the borrower has to return the loan amount at that rate at which he invested it in the platform as collateral. If the collateral rate has increased during this period all the extra gains are at the borrower's disposal. This feature makes the crypto lending even more profitable tool for the hodling strategy.
High liquidity of the crypto coins is ideal for the crypto holders. Crypto lending platforms offer the loans in the most liquid currencies as stablecoins for a wider range of use cases. Cryptocurrency liquidity is measured by possible spending and exchange options for each currency. This is crucial information for comprehending why lending platforms provide the highly liquid currencies for crypto lending.
As the crypto lending platforms provide the loan funds against the collateral, which belongs to the crypto holder even when it is stake in the cold wallet of the lending platform. This way lending provides free liquidity for day trading and enlarge trading value, which makes crypto lending extremely profitable for traders.
Day trading crypto is a strategy that involves opening and closing buying-selling positions on the same trading day. Because trading occurs on the same day, this method is sometimes referred to as intraday trading. This strategy is used for seeking profit from price changes that occur within a financial instrument during a day.
Day trading in cryptocurrency can be very profitable using cryptocurrency loans. You can take out loans and use them for increasing day trading value. Most of the crypto lending platforms provide loans against a very limited range of crypto currencies. Here we can suggest looking for this information on each platform separately.
As Ethereum coin became the second largest token by Market Cap. For lending against Ethereum currency, you can borrow crypto on the top lending platform CoinRabbit, which offers 140+ currencies for loaning against, apart from the ethereum loan.
Cryptocurrency lending as a way of earning allows you to invest in cryptocurrency and get some profit from it. The profitability depends on different factors, but the main is your ability to choose the right investment strategy from those we went through above. Also important to be aware of the common lending mistakes, which you can check in this article. You can start with any amount, but the larger the initial capital, the greater the potential earnings of the investor.
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