SALT Lending - Cash loans for Bitcoin collateral - NO CREDIT CHECK - EMPLOYMENT NOT REQUIRED - Saltlending.com
SALT coin and Saltlending.com
At some point in October (2017) I learned of SALT after watching, for the very first time, Bix Weir's RoadtoRoota youtube channel.
Apparently at some point in 2018 members at Saltlending.com will be able to secure cash loans (i.e., USD, GBP, YEN, CHF and RMB) by putting up any of the following coins as collateral:
(1) Bitcoin
(2) Ethereum
(3) Litecoin
(4) Dash
(5) NEM
It appears that loans are based strictly on collateral. There are no credit checks and employment is not a requirement.
Sometimes many of us regular people (even a Nandi Bear) may need a bit of cash. Cashing out (i.e., selling) Bitcoin doesn't always feel so great when the price of Bitcoin goes up by a few thousand dollars in the days following the sale!
A cash loan at SALT seems like a spectacular and thought-provoking idea. Some reasons in support of that position are, though not limited to, the following:
(a.) We don't need to sell our Bitcoin!
(b.) There's a chance that by the time a loan is paid back that the price of Bitcoin will have risen by a dollar amount equal to, or even well beyond, the dollar amount of the loan!
The SALT platform, wallets and where to buy SALT
Here's a quick look inside the SALT platform. They offer three (3) different memberships. Membership fee is paid annually.
Base = 1 SALT (may borrow up to $10,000.)
Premier = 10 SALT (may borrow up to $100,000.)
Enterprise = 100 SALT (may borrow over $1,000,000.)
You may have noticed that within their platform they value each SALT coin at $25.00 USD (UPDATE: now at $27.50). However, you may buy SALT on an exchange at a much better price.
You might also consider holding your SALT coins in a desktop software wallet (rather than within your SALT account) such as Exodus.io.
Later on you may, if you wish, send any amount of SALT from your Exodus wallet to your web wallet within your SALT account.
The Nandi Bear bought SALT coins through the ShapeShift.io exchange. At the time the price of SALT was at around $4.50 - $5.50.
Today the SALT price listed at Coinmarketcap.com is just a little above $8.00 (UPDATE: now at $10.81).
and Bitcoin.com forum and ReSteem.life
This was about 10:30 PM last night (December 28, 2017) when I logged into my SALT account at saltlending.com and for the first time I saw the new feature Request a Loan and the 42365 active members and $2,380,000 in funded loans.(see image below)
Also keep in mind that you don't need to keep your SALT within the Salt platform. For example, you may use Exodus. (see image below)
Exodus.io wallet:
SALT almost sounds too good to be true. I mean, I believe it. It just sounds like its too good to be true. Getting that kind of a loan is big, way big. Keep posting more valuable posts about this sort of thing! Solid info, Nandi!
2 hours ago (December 27th, 2017) - SALT Loans are Live:
https://blog.saltlending.com/salt-loans-are-live-cf0f7c8e5d69
Good info .. I have some salt as well, Loaning against coins so peple dont have to sell could be huge ,, Usa tax situation could get ugly under new laws . this may be a great alternate for many .. upvoted
Hi @jkenny thanks for stopping by and sharing your thoughts regarding Salt! It's fantastic to hear from others who have salt and are interested in the Salt platform!
thanks for sharing