Published On: Thu, Aug 17th, 2017

How to Release Equity and Still Hold on to Your Crypto Assets with SALT Lending

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Until now, finding ourselves with a wallet full of Bitcoin but devoid of cash has meant one thing. An intense period of holding on to our asses. I mean, nervously watching every price rise from the time we sold until we could afford to buy back in. Or in my case, never quite getting to that point.
Now there is a solution for those of us desperately HODLing who sometimes also find ourselves desperate for cash. A start-up called SALT Lending is promising loans secured on blockchain based collateral.

Not That It Applies to Me, But Go On
The concept is simple enough. SALT Lending, with their Secured Automated Lending Technology (SALT, you see?), connect you with a lender. You get a normal loan from a normal (FIAT) lender, and the cash is paid into your account within a few days. You make regular payments and the loan gets paid off.
Here’s Where It Gets Good
There is no credit check required because the loan is secured against the collateral in your cryptocurrency. You don’t need to sell your assets, so any price rise is all yours. And you can spend the money on …

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