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CEFI is one of the fastest growing areas of crypto as the large numbers of new crypto holders realise that there are familiar banking services on offer, with very attractive rates compared to their traditional savings accounts. Despite this growth the sector is relatively new, and because CEFI services are custodial – you aren’t in…

Research the rates charged on loans; sites like Coingecko and Coinmarketcap are helpful. Decide what crypto collateral you want to provide & what fiat/Stablecoin you want to borrow. Use an onsite tool to calculate how much you can borrow against your crypto.. You can reduce the interest rate by holding the Platform Token, the more you own, the…

Now you should have enough information to understand how CEFI works, here are the steps to get started. Decide what is important to you and DYOR (do you own research).  You might just want to earn passive interest, get the best cash back deals, get interest on a specific cryptocurrency or the best loan deal.…

These are a selection of popular providers. Learn Crypto doesn’t endorse any of them. They all have active communities on Reddit, Twitter and Medium where we encourage you to DYOR if you consider using any of them. Their interest rates are likely to be the biggest differentiator but be aware that some rates are offered…

This is less complex than it sounds. If you approach your traditional bank for a loan, they’ll assess your credit history, want a lot of information about your financial circumstances and give you plenty of forms to fill. Loans are either secured against something (a house) or unsecured and reliant on your ability to repay…

In a separate article about earning passive income we explained how interest rates are set in traditional banking – via a central bank. Crypto doesn’t have a central bank, instead rates are determined by demand. CEFI providers loan out deposited funds charging interest; the greater the demand for borrowing the greater the interest for savers. This is…

CEFI essentially takes familiar elements of retail banking and applies them to cryptocurrency. This element of familiarity means that CEFI is suited to those crypto users who are risk averse and want to earn passive income. CEFI isn’t however, without risk, as we’ll explain. Things CEFI has in common with traditional banking: You can earn…

What you’ll learn: What is crypto banking: CEFI vs DEFI.  The CEFI model vs traditional banking.  Popular CEFI providers.  Get started with CEFI earning crypto interest or taking a crypto loan The crypto ecosystem is evolving rapidly, with new services being created that enable you to do more with the cryptocurrency than just holding it.…