“HODLing” has become a tenant of the faith for true crypto believers, and given how astronomical the returns have been in recent years for those who held onto their Bitcoin, it’s not surprising. There will only ever be 21 million BTC, which means that this asset can only increase in value in the long term. If every millionaire in the world wanted a Bitcoin, there wouldn’t be enough to go around.
Of course, there’s a thing called “life” that doesn’t care about your plans for holding and selling when the time is right. Financial problems have a way of popping up at the worst possible times. One day everything’s going fine, then suddenly you get laid off, or your hours are reduced at work. Then your car gets damaged and needs a major repair, or a bill you forgot about comes due. Before you know it, you’re at risk of going into debt (or deeper in debt).
Or maybe things aren’t so bad, but there are some luxuries that out of reach at the moment. You see your friends going on vacation somewhere sunny and warm, but you’re stuck at home because your budget is a bit tight at the moment. It’s not a good feeling to be left out of those experiences. The temptation to sell your cryptocurrency now for quick cash is real, but if the price shoots back up in the future, you’ll be filled with buyer’s (or seller’s) remorse.
It’s a real dilemma, and one shared by countless people around the world. Is there any way you can gain access to liquidity when you need it, without missing out on potential high returns for your crypto investments in the future?
There is now.
Introducing Bitcoin Advance for Baanx
You need cash, for whatever reason. You have cryptocurrency, but don’t want to sell because you know the price could go up dramatically in the future. If there is an emergency, however, you may have no choice but to sell.
We get it. That’s why we created Bitcoin Advance, a new addition to the Baanx family of crypto financial services which offers you a way out of this mess.
With Bitcoin Advance, you can collateralize your Bitcoin or other cryptocurrency assets in exchange for fast cash. There’s no credit checks, and you can instantly receive the USD you need, when you need it.
Here’s how it works:
· Go to https://www.baanxapp.com/advance and fill out our Crypto Advance Request Form. You’ll just need to tell us who you are, how much cash you need, and which crypto asset you wish to offer as collateral.
· After submitting your request, you’ll be contacted by our support team to discuss the options. They’ll let you know exactly how much of that crypto asset you’ll need to collateralise.
· You’ll then deposit the necessary amount of cryptocurrency into your Baanx Wallet. After completing standard KYC/AML verification, you’ll be all set. Your cash will be quickly deposited into your account.
· Your original crypto asset will remain “locked” in your Baanx Wallet until the advance is repaid.
Our cash advances are available for periods of up to 12 months, with a fixed rate of 9.95%
Why choose Bitcoin Advance with us?
We’ve been providing high quality financial services to millions of customers for years. Baanx subsidiaries have given out millions in consumer loans throughout the European Union. Our team has combined 100 years of banking experience working with names like UBS, Bank of America, the Royal Bank of Scotland and more, and with new agreements in place to provide over 1.3 million customers with our mobile wallet and crypto banking services, we have the experience, competence, and legal qualifications to offer the best crypto-based financial services in the market.
