Unchained Capital is a Bitcoin-focused financial services provider. It is distinctive in its offerings and stands out in the rapidly expanding digital and cryptocurrency markets. The company’s goal is to create a native ecosystem for Bitcoin, which offers security and an interactivity platform.
What is Unchained Capital?
Unchained, a company based in Austin Texas, was founded in 2016 and is led by Joe Kelly, Dhruv Pansal, and Dhruv Bahsal. Unchained raised $2.995 Million in seed financing to help build the company and develop its wealth management products.
Unchained offers a concierge service that provides professional support for customers looking to set up their shared custody wallets and loans. It costs $2,000 per annum, but it is worth it for those who are looking to borrow more Bitcoin.
What does Unchained Capital do?
Unchained Capital, a Bitcoin-focused financial services company, provides numerous services to both novice and experienced crypto traders. Their multi-institution solutions are suitable for both business and personal users. Cold storage and multi-institution cold wallets offer the highest level of security.
Users can keep two of the three private keys that control their Bitcoin. For multi-institutions, users only manage one key. Loans based on cryptocurrency are subject to a cap. This dampens the market’s rise. Unchained Capital offers reasonable and competitive pricing for their services, making it a good choice for many people.
Unchained Capital Types Of Loans
Cryptocurrency collateral-based loans
After following the three steps, you could get as much as $1,000,000 from the company in one business day.
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78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.
CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Apply for Loan: The first step is to complete a secure online application.
- Sign the Contract: Once your application has been accepted, you will be eligible to apply for a loan and can receive it.
- Receive cash: Unchained Capital will provide you with a unique address that you can use to track your collateral during your loan.
As a client you have the option to choose one of these predetermined loan plans.
- 3-months
- 6-months
- 1-year
- 2-years
- 3-years
Unchained Capital policies are simple and transparent:
- Loan term: 3 – 60 months
- LTV (Loan-to-value ratio): 35 – 50 %
- Minimum amount (US citizens only): $10,000
- Commercial minimum amount (international): $100,000
Personal Loans
The company provides Unchained Capital loans, which are blockchain-based. No credit checks are required. Although traditional fiat loans may appear intimidating to many people, Bitcoin-backed loans are available through an easy and simple process. Unchained loans allow the user to keep two-thirds of their private keys. This gives them more control over the assets. The vault can be used to safeguard their assets and collateral. They can also use their hardware wallets to upload their keys. The platform’s Concierge makes applying for a personal loan even easier.
Commercial Loans
Unchained Capital loans to businesses can be an effective and powerful tool for any commercial enterprise. It is easy to use and supports joint custody for up to 15 members of the asset management system. The collaborative custody of Unchained can be used by users at many financial institutions, while they still retain full control over the keys.
Benefits from Unchained Capital Loans
- You only need Liberty – Ether (or bitcoin) to make money.
- Your credit score doesn’t matter.
If you default on your loan payment, either your Bitcoin (BTC), Ether (ETH), or both will be deposited to the address provided by the company. The loan approval is all you need to receive funds in one day. This is an amazing deal compared to traditional finance. Even though funds were transferred within 24hrs, it can take up to 48 hours before funds are deposited into the bank account.
Apply for Unchained Capital
Making an account is simple and straightforward. New users must first log in to the company website to create an account. Users must enter their names, email addresses, phone numbers, and other information to comply with industry-standard KYC.
Unchained Capital provides Bitcoin loans. Unchained claims to provide one of the best services and has locations in all 50 states. Unchained provides secure services in a number of states across the United States. Personal loans are limited to $10,000, but businesses can borrow up to $100,000. This may exclude some of their intended audience. If you do not meet this requirement, you should continue looking for your ideal platform.
Borrowing Limits
The loan type determines the amount you can borrow. For domestic loans, you can borrow between $10,000 and $1,000,000. You can borrow international loans from $100,000 to $1,000,000
Interest Rates on Unchained Capital
Unchained Capital is known for offering rate cards and competitive prices. Unchained Capital has had to deal with Decentralized Finance (DeFi), which has caused problems. If you are able to get the amount you want within the company’s offering, you may be eligible for attractive rates. Average interest rates for loans with a term of up to 1 years are around 11%. This includes the origination charge and the interest rate. These rates can change according to the purpose of each loan. A 40% Loan-to Value rate applies to loans. Rates & interest vary from one area to another.
Conclusion
Unchained Capital, one of the most trusted bitcoin lending sites, has a security mechanism that protects your collateral should the bitcoin price fluctuate. If there is a significant price change in bitcoin, you will receive an email alert. If bitcoin’s value is in danger of liquidation, you will be informed. In such a scenario, you would need to deposit additional collateral or make a principal repayment in USD. If the price of bitcoin skyrockets, you can obtain a collateral return if the principal-to-collateral ratio surpasses 250 percent. Your request will be processed within 30 days from the loan’s beginning date and the last margin call.
