More than Bitcoin: 7 New Altcoins Added To Nebeus Crypto-Backed Loans

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Nebeus, is a cryptocurrency app from Spain that provides a whole ecosystem of crypto services allowing people to borrow, earn, exchange, and insure their digital assets. One of the most used Nebeus services is crypto-backed loans: a service that allows Nebeus users to instantly borrow stablecoins (USDT or USDC) or Fiat money (GBP, EUR, or USD) without selling their cryptocurrency. 

Crypto-backed loans are loans that people can secure using their cryptocurrencies as collateral. The demand for such loans has increased dramatically in the past two years as you can hold onto your assets and get instant money. Crypto-backed loans enable people to do more with their crypto, such as:

Best of all, you don’t have to worry about taxes. The same tax rules don’t apply with crypto-backed loans compared to if you sold your crypto outright.

If you need more information about the purpose and benefits of using crypto to get loans, there’s a summary here.

Now — Nebeus has taken their crypto-backed lending game to the next level: Nebeus has added 7 new coins to their list of accepted cryptocurrencies that can be used as collateral for Nebeus Flexible Loans. Along with the previously available Ethereum (ETH) and Bitcoin (BTC), the new incorporations of DASH (DASH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), Avalanche (AVAX), Bitcoin Cash (BCH) and EOS (EOS) will allow a greater number of people to access crypto-backed loans. 

These flexible loans are tailored to your individual needs as you can borrow up to 80% LTV up to a maximum of 250,000 in fiat or stablecoins. Plus, with customisable terms ranging from 1 to 36 months, you are in total