Don’t want to KYC and mess with all that garbage? Btcpop has you covered.
You can get a Bitcoin Loan at Btcpop without having to give any personal information and identification. Skipping this whole process for Verification and all these prerequisites turned what used to often take days to just minutes!
Convenience and speed matters. In today’s fast moving world we have gotten accustomed to being able to get things quickly. Convenience stores, walk in haircuts, payday loans, and a variety of other services get us what we want quickly.
The tradeoff of course is a slightly higher price for convenience. Sure groceries cost the most at the convenience store, but it’s worth the extra $0.90 sometimes for a missing ingredient in a recipe without going to the supermarket.
Btcpop gets that… Which is why it offers Anonymous Bitcoin Loans for those times you need Bitcoin quickly and without nonsense KYC verification delay.
How to get an Anonymous Bitcoin Loan Instantly with Collateral?
The only way you will be able to get a truly “Anonymous Bitcoin Loan” is by using Altcoins as collateral. This feature is called a “Instant Collateral Loans” on Btcpop. The process is very simple
- Sign up
- Deposit Accepted Altcoins
- Select Collateral and terms
- Get an Anonymous Bitcoin loan
NO Identification! NO Verification!
All you need is an email and to create a simple secure account at Btcpop ( highly recommend securing with 2fa).
Depending on what collateral you deposit ( some altcoins take longer to reach required confirmations ) you can get your Anonymous Bitcoin Loan in minutes.
Altcoin Collateral
Below is a table with the current forms of Collateral Btcpop accepts for Anonymous loans and how much you can borrow against that collateral. If you are not familiar with the term, collateral is simply something pledged as security for repayment of a loan, to be forfeited in the event of a default.
So if for example you deposit 1 ETH, you would be able to Anonymously borrow 25% of that coins value in BTC in an Anonymous loan. At current prices (.04 Btc) you would be able to Anonymously borrow .01 BTC using that 1 ETH as collateral .
| Altcoin | Percentage of Coin value you can borrow in instant loan |
|---|---|
| BCH | 25% |
| ETH | 25% |
| LTC | 25% |
| CLAM | 25% |
Terms
Btcpop offers set terms for non verified Anonymous loans.
- 30 Days
- 25% APR
The 2 choices you get to choose from are:
- What collateral you want to lock
- What percentage of the maximum loan you want to take.
When you select collateral, Btcpop will automatically fill in the maximum loan its willing to lend you. You then can select the % of the maximum available you wish to borrow.
Fees
There are 2 fees for this process
- A flat 3% loan fee taken out of borrowed amount
- Interest at the 25% APR
Btcpop then calculates those terms out and gives the costs denominated in BTC as well as a total repayable amount.
Loans against P2P Shares
Btcpop.co has the feature of P2P Shares and IPO ’s. The shares can then be bought and sold on Btcpop’s exchange. These shares can also be used as collateral for Anonymous Bitcoin loans.
Like Altcoins a set % of BTC value can be borrowed against Btcpop P2P Shares:
| P2P Share Ticker | Percentage of share value you can borrow in instant loan |
|---|---|
| POP | 80% |
| INSTA1 | 80% |
| BTCM | 75% |
Users if they choose can lock a combination of Altcoins and P2P shares as collateral for Anonymous Bitcoin loans. There is a current maximum of 2.5 BTC for Anonymous loans. Higher loans require verification and need to be borrowed P2P through a custom bitcoin loan.
Verified Anonymous Collateral Loans
If you don’t need a Anonymous Bitcoin loan Anonymously there are other options. If you verify your Btcpop account by submitting identification documents, link phone number, and get a letter in the mail. Once verified at Btcpop users are able to do a much wider variety of P2P lending. Completely Custom loans , bonds , and even P2P Shares . To learn more Follow the above links.
Once verified your Anonymous collateral loans terms are reduced to:
- A flat 2% loan fee taken out of borrowed amount
- Interest at the 15% APR