This is how you can remove the barrier between cryptocurrencies and fiat currencies
Nebeus is a European app that bridges the gap between cryptocurrencies and cash
This post is also available in: Español (Spanish)
The growing popularity of cryptocurrencies has spawned rapid growth in products that bridge the gap between traditional financial markets and digital currencies.
At the time of writing, there are more than 3,000 encrypted assets available on the market, worth approximately two billion dollars, and new cryptocurrencies are born every day.
This phenomenon is due to the fact that world economies are tightening, causing higher inflation.
Even the value of traditional savings accounts has reached an all-time low, and the Covid-19 pandemic has not helped the situation much.
Currently, cryptocurrency secured loans present an interesting alternative for deciding between selling or saving.
Thus, you can choose to use digital currencies as collateral in exchange for loans.
This has caused more and more people to turn away from traditional banking, trading platforms and online wallets and towards the crypto sphere. With a special focus on platforms that allow them to use their crypto to borrow, exchange, earn, and keep their assets safe and secure.
Since the platforms have started offering these exciting new services, the global crypto collateralization market has seen 1170% growth, with almost $ 30 billion leveraged as collateral.
One such app that is making headlines for all the right reasons is Nebeus, a European cryptocurrency app that bridges the gap between digital currencies and cash with instant crypto-backed loans and a suite of complementary cryptocurrency services.
Since its launch in 2014 (making it one of the longest-running cryptocurrency companies), the platform has allowed its users to instantly borrow using their cryptocurrencies, seamlessly buy, sell, and exchange currencies, earn passive returns, and acquire safe for your Bitcoin and Ethereum.
The London and Barcelona-based company has grown significantly over the years and continues to expand its products, services and features.
What does Nebeus offer?
Nebeus offers crypto-backed loans, trading, earnings, insurance, and an extremely well-designed and easy-to-use wallet.
All this under the highest possible security, because it is a company regulated by the Bank of Spain and is registered in the “Sepblac”, the Supervisory Authority against Money Laundering of the Bank of Spain.
Nebeus is also a member of the Spanish Fintech & Insurtech Association, which means that it receives regular support from the Spanish Fintech ecosystem.
The firm currently offers two options for insured vaults:
- Unique insurance at 4 euros per month for one of your cryptocurrencies (BTC or ETH).
- Full insurance at 6.90 euros per month for your full vault and both BTC and ETH.
How to open an account at Nebeus?
Opening a Nebeus account is quick and easy, and you can use the PC program or download the Nebeus app for Android or iOS.
After going through a few standard registration steps, you will have access to Nebeus and can begin to explore all that can be done.
Next, you must go through an identity verification process before depositing money into your account. Account verification is very simple and usually takes a few hours.
Deposit FIAT and crypto at Nebeus
Nebeus offers a wide variety of payment channels, far more than many competing crypto applications.
All cryptocurrency deposits are free, and Nebeus currently supports more than 10 different currencies. If you want to deposit FIAT, you have 4 options:
- You can deposit directly with your Visa or Mastercard with a fee of 2.90% per transaction.
- You can deposit for free by making a SEPA transfer in euros.
- You can also deposit for free using a supercharged open banking technology transfer. The best thing is that this option is instantaneous!
- You can also deposit at a physical point of sale called the Cash Collection Point for a 6.50% commission.
How to get a loan backed by cryptocurrencies in Nebeus?
Cryptocurrency-backed loans are becoming more and more popular because they allow people to get money without having to sell their cryptocurrencies.
The use cases are also becoming more diverse, as many people get money to pay expenses and others use their loans to reinvest in other assets.
Nebeus currently offers two loan options:
- Nebeus Quick Loans
Quick loans are instant loans that you can get with the push of a few buttons.
They are set at 50% loan-to-value (LTV) and are capped at up to 500 FIAT or Stablecoins. The best thing is that they have a 0% interest and are always locked to three months.
The only cost is a 2.5% loan origination fee, which makes this loan option a winner for anyone looking to leverage their cryptocurrencies for quick cash.
- Nebeus flexible loans
Nebeus Flexible Loans offer one of the most advanced cryptocurrency-backed loan services in the industry.
To make the description of this product easier to understand, let me break everything down into bullets:
- Customizable LTV from 50% to 80%
- The loan terms range from 1 month to 36 months.
- Interest rates range between 6% and 13.5%.
- You can borrow FIAT or Stablecoins.
- You can ask for a loan of up to 250,000.
- Free $ 100 million insurance for your Lloyd’s of London warranty.
- Option to release excess collateral (option to release excess collateral if cryptocurrency prices increase).
- Automatic margin management (Nebeus will automatically monitor volatility and add collateral to your main account if / when it approaches a profit margin).
- Zero Risk Loans: Nebeus gives you 10 days to save your cryptocurrency and lend in the event of a margin call.
In combination, all of these options offer you a unique cryptocurrency-backed loan service, which explains the rise in popularity of Nebeus.
Earning in Nebeus with the crypto rental
If you don’t want to use Nebeus for crypto-backed loans but are interested in earning a passive income from your crypto investments, then crypto-rental is what you are looking for.
When you open a crypto-rental program, you are renting your crypto directly to Nebeus, which pays you monthly or daily in FIAT or Stablecoins for the use of your coins.
Nebeus currently accepts Bitcoin and Ethereum for its crypto rental programs, which offer returns of up to 6.75% per year.
As for stablecoin rental, Nebeus accepts USDT and USDC, offering a colossal 12.85% annual return on its programs. The lockdown periods for these programs are a maximum of 4 months, and you can withdraw your funds at any time after the end of the lockdown period.
Buy, sell and trade crypto on Nebeus
Most cryptocurrency exchanges are difficult to use, such as Binance or Kukoin, or have extremely high commissions, sometimes hovering as high as 2.5% per trade like on Coinbase.
Nebeus solves both problems by offering an easy-to-use exchange in its application, with fees always set at 0.35% per trade. You can currently trade BTC, ETH, LTC, DASH, XRP, XLM, BCH, USDT, USDC, and 3 FIAT currencies: EUR, GBP, and USD.
Have you ever heard of the insurance you can buy for your cryptocurrencies? Probably not, and this type of insurance has always been reserved for institutions.
But Nebeus has changed all that by offering you the possibility of buying a subscription to a secured vault, in which you can deposit your Bitcoin and Ethereum, to have them safely stored cold and covered by an insurance policy of 100 million dollars of Lloyds of London.
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.
This post is also available in: Español (Spanish)