Crypto Loans is a financial service that grants users access to liquidity in exchange for pledging their crypto assets.

This service may interest those who want to access liquidity (more liquid crypto-assets) while holding their crypto-assets.

For example, you own 1 BTC that you hold in your wallet. If you are currently in need of USDT, but you don't want to sell your BTC because you believe it will do x2 shortly. In this case, a crypto loan will help you solve your problem, because you can use your BTC as collateral and receive USDT right away without actually selling your BTC.

You may use the loan for any purpose, including but not limited to placing bets, using crypto swap, depositing into BetFury Earn products, or even withdrawing them from the platform. The collateral will remain with BetFury Crypto Loans as security for the return of the digital assets you’ve borrowed.

The minimum loan amount is $200.

The minimum collateral amount is $250.

BetFury Crypto Loans provides a range of the most popular loanable and collateral crypto assets with one of the lowest interest rates. You can loan USDT, BTC, ETH, BNB or TRX and you can choose the loan period: 7, 14, 30, 90, 180 or 365 days.

The same cryptocurrency collateral-loan pairs are not supported, hence, you cannot use BTC as collateral and borrow BTC within a single loan position. Please, refer to the loanable and collateral assets page for more information.
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You can create fixed-term loan positions with fixed interest rates throughout the loan terms. BetFury offers isolated loan positions meaning each collateral-loan pair positions holds its distinct Loan-to-Value (LTV) rations as well as margin call and liquidation LTV levels.

The collateral amount can be managed on the Active Loans page. You can increase your collateral at any time and decrease it only when the current LTV of your position is lower than the initial LTV set by BetFury.

Loan-to-Value, also commonly referred to as LTV, represents the ratio between the value of the loan, plus accrued interest, if any, relative to the value of the collateral. The ratio is calculated as follows:
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• LTV = Loan Value / Collateral Value
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• Loan Value = Outstanding Principle + Outstanding Interest + Outstanding Overdue Interest

Initial LTV represents the percentage of the collateral’s value that can be received as a loan. It’s an important indicator that determines the amount how much can be borrowed against the collateral.

Depending on the crypto asset you’re willing to use as a collateral, a different initial LTV may apply.

For example, assume the Initial LTV for USDT as collateral is 70%. If you use 1,000 USDT as collateral, you may borrow up to 700 USDT worth of loanable assets.

A margin call is a demand from a platform to increase the amount of collateral. It normally occurs when the value of the collateral used to secure the loan falls below a certain threshold.

When this happens, the lender issues a margin call, requiring the borrower to either provide additional collateral or repay a portion of the loan to restore the required level of collateralization. Users will be notified via personal notifications in the event of a margin call or liquidation. The notifications serve as a risk warning and cannot guarantee timely delivery.

It is strongly recommended for users to continue monitoring their accounts in case of risk alert delay or glitch. BetFury will not be held liable for liquidations resulting directly or indirectly from this alert feature’s malfunction.

Liquidation LTV is a threshold at which a borrower’s collateral falls below a certain level, triggering an automatic liquidation of the borrower’s assets to repay the outstanding loan. For instance, when the current LTV exceeds the liquidation, the lender has the right to trigger the liquidation process. Liquidation usually occurs when the collateral decreases in value or the value of the borrowed asset increases due to accrued interest over time or increase in price of the borrowed asset. Please note that the liquidation price displayed on the active loan page is for reference only. The actual liquidation price will be affected by market fluctuations, amount of liquidity and other factors. The final liquidation price is subject to the actual price the platform charges.

When the current LTV of the positions reaches the liquidation LTV level, the entire loan (including all accrued interests) will be repaid using the equivalent value of collateral for that loan position. Additionally, in the event of liquidation, users you will be charged a 2% liquidation fee based on your borrowed amount. It will deducted automatically from your collateral in accordance with the asset’s market price. Once the liquidation process is over, part of your collateral, if any, will be returned to your balance.

Upon a successful loan order, interest is accrued every hour based on the outstanding principle. Loan positions that are less than one full hour will be calculated as one hour. The interest rate starts to accrue at the time of borrowing. Hence, once the loan positions is opened, interest will be accrued immediately and then, once every hour.

If you fail to repay the loan by the agreed-upon due date, the loan enters into an overdue status. BetFury gives an overdue duration of 48 hours for loan terms 7 days, 72 hours for loan terms 14 days and 168 hours for loan terms of 30 days and above. During this period, you will be charged 3 times the standard interest. If you do not repay after the overdue duration, BetFury will liquidate your collateral to repay your loan.

Your loan can be repaid either with the borrowed token, or you can also use your collateral to repay the loan. Please be aware that loan repayment with collateral asset is subject to 2% exchange fee.

Unlike Staking, in the Crypto Loans, no fines will be applied for early closing of positions. Thus, if you take a loan for 30 days and decide to close this position earlier than 30 days, then you can safely do so by returning the full amount of the loan.

Please make sure to read the Crypto Loans Terms of Services for more information and to be fully aware of how the feature works for whether you accept the provided conditions 🙏