This is a step-by-step of how to get USDT from the GIFA Exchange. In this users' guide , you will learn what crypto lending is, and...
There is plenty of information to learn how to borrow and repay cryptocurrencies or renew the already taken USDT from GIFA Exchange. The company makes it easy for its users as well as any customer who wants to get this benefit without considering their financial histories. Don't worry about collateral, you can borrow crypto assets from $10,000 (USDT) up to $100,000 (USDT) offered by GIFA Exchange while ‘HODLing’ your favorite digital coins without losing them.
What is GIFA Exchange Crypto Lending?
GIFA Exchange ''Crypto USDT Lending'' is an innovative crypto product allowing users to borrow crypto assets, mainly Tether (USDT) without any collateral. In fact, there are several advantages to borrowing with GIFA Exchange. Unlike the traditional financial industry, which heavily relies on an individual’s credit history to determine their creditworthiness, crypto lending bypass the whole credit history feature.
The main difference between centralized and decentralized finance (DeFi) is that the custodians care about who you are versus what you have, respectively. The latter opens up more opportunities for financial inclusion, which is the biggest draw of DeFi compared to its conventional counterpart.
Why do customers Borrowing Crypto?
The reasons why individuals borrow cryptocurrency vary from person to person, but the most typical are as follows:
- Provide liquidity – crypto-assets can be held over the long term for increased returns, and selling them midterm may not be ideal for some people. Therefore to avoid selling their assets, some people opt to use them as collateral to take up USDT which gives them the required liquidity.
- Hedge against financial risks – cryptocurrencies are considered highly volatile, and stablecoins have successfully been used to hedge against any potential losses from value erosion.
- Accessibility – sometimes, people turn to crypto assets because they cannot get funds with traditional credit institutions because they lack a credit history or their credit scores make it expensive to get conventional monetry.
- Convenience – traditional credit facilities have several requirements to fulfill before qualifying for financial assistance, whereas crypto products do not. A decentralized crypto network such as GIFA Exchange might require users to comply with identity verification before getting USDT approved.
Why borrow with GIFA Exchange?
There are several reasons why a borrower may want to take USDT from GIFA Exchange over other places. These reasons include:
- Security – GIFA Exchange is the most secured crypto trading platform that has never suffered any cyber attack or intrusion. Over 890,500 users and 632 institutional investors have invested in the platform. With GIFA Token, in particular, you also get peace of mind knowing that your assets are insured, and there are significantly fewer chances that an exit scammer will con you.
- Part of an ecosystem – the exchange has created a diverse ecosystem of several products, services, and mobile apps, allowing its customers to interact with all of its features from anywhere in the world. With a verified GIFA account, the user can buy, trade, exchange, sell, hold, lend and borrow crypto, among other functions.
- Cost – crypto assets are typically less expensive compared to conventional monetry funds from the bank, the rates charged by GIFA Exchange are even competitive within the crypto space.
- Convenience – GIFA Exchange offers a better user experience through its easy-to-use mobile interface, ideal for beginners and experts alike.
How to apply for USDT?
Applying for the GIFA Exchange's stablecoins is done online may be a much easier process than you expected, but it could be daunting for most beginners to understand all the concepts. But, you need to read the open source and step-by-step guide to educate yourself. GIFA Exchange crypto USDT’s interest rates are much lower, making them cheaper to service and easier to access.
GIFA Exchange charges only 3% interest rates per annum and the repayment term is up to 5 years, which is cost-effective for borrowers because you only get to pay for what you have borrowed. Interest rates vary from exchange to exchange that lending crypto depending on the asset borrowed and the duration.
Conclusion
Anyone with a verified GIFA account can enjoy this benefit. You can repay your USDT after expiration date according to the terms and conditions of the agreement. The ''Terms'' starts from 1 year to 5 years, you can repay what you have borrow fast and save more. Borrowing from GIFA Exchange is very simple and only takes 30 minutes for the USDT to get approved.
As we have outlined in the video and users' guide above. Borrowing stablecoin has several advantages over conventional banking lensing, including cost-effectiveness, ease of accessibility, and convenience.
Furthermore, GIFA Exchange is one of the best places to borrow USDT due to its intuitive interface, low-interest rates, and reliability. Please read through the application form about the conditions and terms. If you are yet to borrow any cryptocurrency asset from the company please, try it out by following the Applying Link: https://bit.ly/3vEjVdv.