Borrow Against Bitcoin with Fast and Secure Crypto Loans
Transform Your Crypto Assets into Fiat with Easy-to-Access Loans.
Credit Cards And Personal IBANs Coming Soon!
Exciting news! Borrowers will soon enjoy the convenience of VISA credit cards and personal IBANs, enhancing their financial freedom with FinForta. With these new offerings, managing funds and transactions will be easier and more seamless than ever before.
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Frequently Asked
Questions
Whether you're new to crypto lending or an experienced investor, our FAQ section is designed to provide you with essential information, valuable insights, and a comprehensive understanding of our platform's functionality.
FinForta is a crypto lending platform that allows you to borrow money quickly and conveniently by using your digital assets, such as Bitcoin and Ethereum, as collateral. We offer flexible loan-to-value (LTV) options and accept popular cryptocurrencies like BTC, ETH, WETH, and WBTC. Our Bitcoin-backed loans are designed to help individuals and businesses unlock liquidity from their crypto holdings without needing to sell them, providing a simple way to borrow against Bitcoin or Ethereum.
A crypto-backed loan is a financial service where you use your cryptocurrency holdings, such as Bitcoin, as collateral to secure a loan. This allows you to access liquidity without having to sell your digital assets. With FinForta, you can take advantage of crypto-backed loans, including Bitcoin collateral loans, to turn your crypto into usable funds while still holding onto your investment.
Both private individuals and legal entities can apply for loans with FinForta. Our crypto lending platform is designed to make borrowing against Bitcoin and other cryptocurrencies accessible for a wide range of users, offering a flexible way to tap into the value of your crypto holdings.
The process involves several key steps:
- Registration: Sign up using your email or Google account.
- Identity Verification (KYC): Verify your identity with our partner, Verif, using a valid ID and smartphone. This step is crucial for security.
- Collateral Deposit: Deposit your digital assets into your FinForta wallet.
- Loan Application: Choose your loan-to-value ratio and submit your application.
- Instant Funding: Once approved, funds are transferred instantly to your FinForta account for withdrawal.
No, we do not perform traditional credit checks. Your cryptocurrency collateral is the primary factor in securing the loan.
We accept BTC, ETH, WETH, and WBTC as collateral for your crypto-backed loan.
We prioritize the security of your collateral. It is stored in secure wallets, and our crypto lending platform operates within an EU-regulated structure. Our customers have 24/7 access to view their assets in their wallets, providing an extra layer of security and transparency.
If your loan-to-value ratio (LTV) rises to 85%, we will notify you promptly so you can take action to manage your risk. This may include repaying part of the loan, adding more collateral, or discharging the loan.
The LTV ratio represents the percentage of the loan amount in relation to the value of the collateral. Different cryptocurrencies may have different LTV ratios. Please refer to our platform for specific details.
Repayment terms are flexible and tailored to your needs, with clear terms provided upfront for your crypto-backed loan.
No, FinForta does not charge any fees or penalties for repaying your loan early. You are free to pay off your loan at any time.
If you miss a repayment, please contact us immediately to discuss your options. We aim to work with you to find a solution that avoids the liquidation of your collateral.
The interest rates range from 11% to 15% per year, depending on the loan-to-value (LTV) ratio. If the LTV is 20%, the interest rate is 11%. If the LTV is 50%, the interest rate is 13%, and if the LTV is 70%, the interest rate is 15%.
FinForta charges a 1% commission for each applied loan at the time of issuance.
You have the option to accelerate loan repayment and increase borrowing based on your collateral's value.
If your loan reaches 80% loan-to-value (LTV), you will receive a notice to take action to decrease it. If your loan reaches 90% LTV, it will be closed, and the collateral will be liquidated.
FinForta aims to incorporate a wide range of cryptocurrencies. By 2024, we intend to include the most popular ERC20 chain cryptocurrencies, and by 2025, we plan to add the most popular cryptocurrencies from another chain.
No.
No.
The loan you receive in fiat (e.g., EUR) must be repaid in fiat, but you can always exchange your cryptocurrency to repay the loan.
FinForta has developed an internal liquidation and monitoring tool that tracks the value of cryptocurrencies on Binance and takes immediate action when necessary.
If your loan reaches 80% loan-to-value (LTV), you will receive a notice to take action to decrease it. If your loan reaches 90% LTV, it will be closed, and the collateral will be liquidated.
When you receive the loan, it will appear on your FinForta profile. From there, you choose the withdraw option and write in your bank account details; then, funds will be sent directly to your bank.
Yes, FinForta operates in compliance with all relevant financial regulations. We are committed to maintaining the highest standards of legal and ethical practice in the crypto lending industry.
We take your privacy seriously. All personal information is handled with strict confidentiality and is protected by advanced encryption technology.
FinForta has offices in Spain, the Czech Republic, and Hong Kong, serving clients globally with a focus on security and efficiency in providing Bitcoin-backed loans and other crypto-backed loans.
Regulatory
Finforta S.L.U. is a consumer loan provider that operates under the regulations of Law of Spain and EU.
Our business, is legally registered and compliant with the current Czech regulations for providing services related to virtual assets (VASP), license: Ref. No. UMCP1 055661/2022.
This allows us to credit clients in EU and Globally.
About us
Our crypto-backed loans, always on-chain and fully transparent, are designed to unlock liquidity without selling your valuable assets—whether you're a crypto enthusiast or a business owner. With a strong focus on safety and transparency, we ensure that your Bitcoin-backed loan or crypto loan is handled with the highest level of care and security.
Our platform offers fast access to funds in less than 3 minutes through flexible loan-to-value (LTV) options, giving you the ability to make the most of your crypto holdings without compromising on your financial goals.
With offices in Spain, Czech Republic, and Hong Kong, we're here to serve you globally.
We're committed to efficiency, simplicity, and world-class security with our on-chain solutions.
Choose Finforta—a trusted partner in the crypto lending space that cuts through the nonsense. Need a Bitcoin loan or a crypto-backed loan? We've got you covered—no delays, no credit checks, and no unnecessary questions.
Fast Funding
Get instant access to loan funds as soon as your application and verification are complete, allowing you to quickly borrow against crypto or other digital assets like ETH and WBTC.
Top-Tier Security
Your crypto assets are stored in secure wallets, and our advanced security protocols ensure your crypto-backend loan is always protected
Flexible Loan Options
At FinForta, individuals can borrow up to €2800, while businesses can access up ot €100,000. With customizable loan-to-value (LTV) ratios, you can easily borrow against Bitcoin, ETH, or WBTC, unlocking liquidity from your crypto assets for personal or business needs.
Credit Cards And Personal IBANs Coming Soon!
Exciting news! Borrowers will soon enjoy the convenience of VISA credit cards and personal IBANs, enhancing their financial freedom with FinForta. With these new offerings, managing funds and transactions will be easier and more seamless than ever before.
