SALT Lending - Cash loans for Bitcoin collateral - NO CREDIT CHECK - EMPLOYMENT NOT REQUIRED -

December 11, 2017 - 2:34 am  
by Nandi Bear  
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SALT coin and

At some point in October (2017) I learned of SALT after watching, for the very first time, Bix Weir's RoadtoRoota youtube channel.

Apparently at some point in 2018 members at will be able to secure cash loans (i.e., USD, GBP, YEN, CHF and RMB) by putting up any of the following coins as collateral:

(1) Bitcoin

(2) Ethereum

(3) Litecoin

(4) Dash

(5) NEM

It appears that loans are based strictly on collateral. There are no credit checks and employment is not a requirement.

Sometimes many of us regular people (even a Nandi Bear) may need a bit of cash. Cashing out (i.e., selling) Bitcoin doesn't always feel so great when the price of Bitcoin goes up by a few thousand dollars in the days following the sale!

A cash loan at SALT seems like a spectacular and thought-provoking idea. Some reasons in support of that position are, though not limited to, the following:

(a.) We don't need to sell our Bitcoin!

(b.) There's a chance that by the time a loan is paid back that the price of Bitcoin will have risen by a dollar amount equal to, or even well beyond, the dollar amount of the loan!

The SALT platform, wallets and where to buy SALT

Here's a quick look inside the SALT platform. They offer three (3) different memberships. Membership fee is paid annually.

Base = 1 SALT (may borrow up to $10,000.)

Premier = 10 SALT (may borrow up to $100,000.)

Enterprise = 100 SALT (may borrow over $1,000,000.)

salt coin nandibear bitcoin platform account luke

You may have noticed that within their platform they value each SALT coin at $25.00 USD. However, you may buy SALT on an exchange at a much better price.

You might also consider holding your SALT coins in a desktop software wallet (rather than within your SALT account) such as

Later on you may, if you wish, send any amount of SALT from your Exodus wallet to your web wallet within your SALT account.

The Nandi Bear bought SALT coins through the exchange. At the time the price of SALT was at around $4.50 - $5.50.

Today the SALT price listed at is just a little above $8.00.

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Thanks for stopping by and reading!

PLEASE leave some comments! Talk a little!

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