Since the last few years, cryptocurrency has come a long way. You will find a wide range of services provided by different companies, thereby connecting the bridge between traditional financial markets and digital assets. One of these services that have skyrocketed in popularity today is crypto-based fiat loans. This means that you can make use of different platforms where cryptocurrency like Bitcoin can be used as collateral to obtain fiat loans.
Nebeus is a company that is known to provide crypto-backed loans and also other crypto-based financial services to its customers in many different countries.
What is Nebeus?
Nebeus is a platform that has grown substantially since its inception in 2014. Apart from instant crypto-based loans, Nebeus also provides other cryptocurrency-related services like buying/selling cryptocurrency, cold vault storage, savings account, etc.
Nebeus’s main benefit is crypto-based loans. These loans are quite easy to deal with and you will be able to transfer the fiat loan directly to your bank’s cards; additionally, the service is available to more than 100 countries around the world.
The overall working of the process is fairly simple. All you need to do is create a Nebeus account; the process is fast (does not take more than a few minutes), requires minimal paperwork, and completely free.
Nebeus also requires only the following cryptocurrencies as collateral for the loan:
- Nebeus token
The loan is worth the mention because the LTV (Loan-to-Value) ratio is 72% at its lowest and can go up as high as 80%. You can choose the length terms and Nebeus also does not change the interest rate of interest based on your loan term. Thanks to this, you can choose a lengthier term for larger loans and repay the value whenever you want without having to worry about late penalties.
Lastly, you will be able to withdraw the loan amount to your bank’s credit card instantly. While the loans are issued in Euros, you can also select dollars, pounds, or the local currency of over 90 supported countries.
Overall, Nebeus is a crypto platform that is filled with features and services that you can take advantage of. While platforms like BlockFi have been around for much longer, Nebeus has proved to provide much better LTV ratios and other crypto-services. Since the company has based its operation in the UK, it follows strict data protection policies and regulations, thereby making it quite a safe platform.