Blynex Crypto Loan

Blynex Loan lets you borrow one cryptocurrency by using another as collateral. Unlock liquidity without selling your assets, with flexible loan terms, competitive rates, and a wide range of supported crypto assets.

High Loan-to-Value (up to 50%)

Repay with 0 fees before Grace period

Borrow Account Overview

User Guide

Summary

Collateral coin balance -

Collateral amount -

Borrow Duration / Rate -

Borrow Percentage -

Borrow Amount (USDT) -

Total to be paid -

Grace - Start Date -

Grace Period -

Grace annualized interest rate -

Daily Interest Rate -

Collateral liquidation -

Collateral Price liquidation -

Choose Collateral

Remaining quota limit: -

Collateral amount

Loan duration

Borrow amount (in percent)

I have read and agree with the Crypto loan terms & conditions

How It Works

Apply for a Crypto Loan
Receive Borrowed Funds
Repay any time
Receive Collateral instantly

Frequently Asked Questions (FAQ)

What is a Deposit Loan on Blynex?

A Deposit Loan on Blynex allows users to borrow one cryptocurrency by using another as collateral. This helps users access funds without selling their existing crypto assets, making it useful for trading, investing, or other financial needs.

How long can I borrow for, and how much can I borrow?

Blynex offers four loan durations: 1 day, 1 week, 1 month, and 3 months. Users can borrow between 20% to 50% of their collateral's value, depending on the asset and loan terms.

Do I have to pay interest on my loan?

No interest is charged during the initial loan term. If you fail to repay on time, a grace period applies with a penalty interest rate. Example: 1-month = 30 days interest-free + 30 days penalty grace.

What happens if I don’t repay my loan on time?

If the loan is not repaid by the end of the penalty grace period, Blynex will liquidate your collateral at a risk-based price, usually between 30% and 40% of its value.

A Deposit Loan on Blynex is a service that allows users to borrow one cryptocurrency by using another as collateral. This feature enables users to unlock liquidity without having to sell their assets. Whether you're looking to access funds for trading, investments, or other purposes, Blynex Loans offer a flexible and convenient way to get a loan against your cryptocurrency holdings.

How Blynex Loans Work

1. Deposit or Purchase Collateral: Users can deposit a crypto asset they already hold, or purchase an asset directly from Blynex's spot market. This asset will serve as collateral for the loan.

2. Select Collateral and Amount: On the Loan page, users can choose the crypto asset they wish to use as collateral and the loan amount they wish to borrow. The platform offers four flexible loan durations (1 day, 1 week, 1 month, and 3 months), along with borrowing percentages ranging from 20% to 50% of the collateral value.

3. Flexible Loan Amounts: Depending on the chosen duration and borrowing percentage, users can tailor their loan to their specific needs. Blynex also offers a free period for all loans, meaning no interest is charged if the loan is repaid within the agreed-upon time.

4. Interest and Liquidation: For each loan duration, Blynex offers a grace period without interest, followed by a penalty phase if the loan is not closed on time:

• 1-Day Loan: If a user borrows for 1 day, no interest is charged during that period. If the loan is not closed by the end of the day, the user will have an additional 7-day grace period with a penalty interest rate applied.

• 1-Week Loan: Similarly, for a 1-week loan, there is no interest for the initial 7 days. If the loan remains unpaid after that, a further 7-day grace period with a penalty interest rate will be given.

• 1-Month Loan: A 1-month loan comes with a 30-day interest-free period. If not closed, an extra 30 days grace period with a penalty interest rate is provided.

If the loan is not closed by the end of these penalty periods, Blynex will proceed to liquidate the collateral. The liquidation price is calculated based on the asset's risk profile, typically between 30% and 40% of the collateral's value.

Blynex Crypto Loan

How It Works

Frequently Asked Questions (FAQ)

What is Blynex Loan?