Deposit your BTC to instantly secure a loan. 

With Crypto Credit, you decide your own repayment terms within a 12-month period. 

  • NO fixed repayment schedule
  • NO monthly late fees or deadlines

Repay any amount, at any time, in the 12 months upon the start of their credit term. 

How to participate? 

  1. Tap ‘Learn More’ on the Crypto Credit promotion on the homepage

Or Super App Menu

2.  In the App’s Crypto Credit screen, select the cryptocurrency (BTC) you wish to deposit as collateral and key in the amount. 

3.  It will then show the amount of credit you can receive in a stablecoin of your
choice (TUSD or PAX).

4.  Once confirmed, the loan sum will be credited and ready for use immediately.

5.  When the loan and interest incurred is repaid, the collateral will be deposited
back into your crypto wallet.

Who can participate in Crypto Credit?

Crypto.com Wallet & Card App approved users except citizens and residents of Hong Kong SAR, Singapore, Switzerland, Malta, or the United States of America. Efforts are underway to make these products available to these jurisdictions.

I am eligible to participate in Crypto Credit but why don't I see it in the app?

App version 3.23 or newer is required.

What is the APR?

With MCO Tokens staked, users can enjoy lower annual interest rate (APR):

What is Loan-to-Value (LTV) Ratio?

A Loan-to-Value (LTV) ratio is an indicator representing the size of a loan compared to the value of the assets securing the loan. (e.g. if your loan’s outstanding balance is $4,000 and the value of your BTC collateral securing the loan is $10,000, the LTV ratio is 4,000 ÷ 10,000 = 40%.)

How is the LTV ratio calculated after the loan has been granted?

(Total unpaid value of principal + Total unpaid interest) / Collateral Market Value

What is ‘Collateral Health’?

Collateral Health indicates whether your collateral is at risk of being liquidated, based on your current Loan-to-Value (LTV) ratio. 

The different Collateral Health thresholds are as follows: 

If your Collateral Health reaches the Poor/Critical threshold, a Margin Call will be triggered to notify you to rebalance your loan by depositing additional collateral or make a repayment. 

When the LTV goes beyond the 80% threshold, 100% of your collateral will be liquidated. 

What is a Margin Call?

If the value of your collateral falls below a certain threshold (and as a consequence, your LTV ratio rises above a certain amount), you will be notified and prompted to rebalance your loan by depositing additional collateral or make a repayment as described above. 

How do I rebalance my loan?

You can choose between the following options to resume the status of a ‘Good’ Collateral Health

  • Depositing additional collateral (Top-up your collateral)
  • Making a repayment

When is the daily interest charged?

The interest is charged at 12:00am UTC. 

How is the daily interest calculated?

APR/365 (or 366 in a leap year).

Is there a minimum and maximum loan amount I can secure?

The minimum loan amount is $100 while the maximum loan amount is $1,000,000 in stablecoins. (amount is in USD equivalent)

Will I require a certain credit score to secure a loan?

No credit scores required.

Can I repay the loan in a different currency?

Repayment needs to be made in the same currency as the one you received as credit, i.e. you choose to receive the loan in TUSD, your repayment will be made in TUSD. 

What happens if I don’t meet my loan repayment after 12 months?

Crypto.com will liquidate your collateral.

When and how will I get my collateral back when I’ve repaid my loan with no outstanding balance?

Your collateral will be automatically deposited back into your crypto wallet when there is no outstanding balance. 

Can I take out two loans (or more) at a time?

No. You can only take out one loan at a time.

Can I top up my collateral to secure a larger loan amount?

No. You can’t top it up after you’ve secured a loan. If you wish to secure a larger loan, you will need to complete repayment of your existing loan before proceeding to a new one. 

What happens when the APR or LTV Ratio changes?

Existing loan will follow the previous terms, and new loans will adhere to the new terms. 

Why is PAX and TUSD the only available stablecoins?

We are working on extending the list of supported cryptocurrencies. 

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