In 2017, Biterest was founded to help Bitcoin users to preserve their Bitcoin when they have a need to sell it. While others sell Bitcoin to cash it, you can apply for a USD loan against your Bitcoin.
The value of the collateral grows following the growth of the BTC price. Therefore, instead of selling Bitcoin at a disadvantageous rate, you HODL and make great profits when Bitcoin price rises.
We help you to save your profit as well as your time. Here are 4 simple steps how to get started
Why to get a loan is more profitable than selling Bitcoin?
No need to wait. You can receive a loan at any Bitcoin rate as you don't lose your crypto.
The interest of 1% will be accrued after a whole month, while a commission for selling Bitcoin is 1-5%.
After repaying the loan, you will receive your Bitcoin collateral back in full which could grow several times in price.
You can withdraw excess collateral from the balance or repay the loan with part of the collateral and get back the rest of it.
Here are a few reasons why you should choose Biterest
Only on Biterest, you can borrow up to 90% of your Bitcoin value
You can partially repay the loan at any time
You pay only accrued interest of 0,033% per day
No personality verification. No credit checks
You can check the preservation of your Bitcoin at any time
You need only an email address to sign up
Earn 30 USD rewards for the users joining the Biterest Affiliate Program
Generate your custom link
Share your link everywhere
Track earnings & Get paid
Biterest respects the privacy and does not require any personal information from the users. You only need your email address for registration.
To receive a USD loan against your Bitcoin, you should specify a loan amount, select a currency to receive funds, specify your payment details, and provide Bitcoin collateral by topping up your Biterest balance.
The collateral is calculated as a loan amount + 20%. This means that the required collateral on your balance has to be more than the amount of the requested loan. If the loan amount is 1000 USD, then the collateral on your balance needs to be a minimum of 1200 USD.
Currently, the funds can be sent directly to your crypto address in BTC and ETH. Regardless of the currency in which you receive the funds, the loan amount is always fixed in US dollars (USD).
Yes, you can withdraw Bitcoin from your balance which exceeds the required value of the collateral. The greater the price of BTC is, the greater amount of Bitcoin is available to withdraw without repaying a loan.
The collateral decreases in value significantly too, that is why you need to add more collateral to your balance. Otherwise, a Margin Call occurs, and your loan will be automatically repaid by Bitcoin from your balance. Margin Call happens when the balance value becomes only 10% higher than the used loan limit. For example, if your used loan limit is 1000 USD, the Magin Call will occur at the balance of 1100 USD.
You can the loan partially or in full - at your discretion. The equivalent part of collateral becomes available to your disposal and you can freely withdraw it from your balance. You can repay the loan with Bitcoin (BTC), Ethereum (ETH), and directly from your balance.
Biterest Support team is here to help you and make sure the platform suits your needs