Must-know facts about a P2P Crypto lending exchange

P2P crypto lending exchange

Since all the transactions occur through the blockchain network, security, reliability and transparency are ensured.

Flexibility is ensured in disbursal of the amounts needed and fixation of the time duration of the loan. It will have to be repaid along with a pre-determined interest rate which is calculated by the exchange.

How a P2P crypto lending exchange works?

Borrowers can be either an individual or an entity. Unlike banks, the borrower’s credit rating is not analyzed. This leads to a higher demand in the market. The lender will most likely be an individual and will offer funds to the most needed parties on a priority basis. Both borrowers and lenders would be required to create their respective profiles on the platform.

Details to submit in a P2P crypto lending exchange

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