FAQ

Q1. What qualification does the user have to meet to borrow on Cryptovest Loan?

A1. As long as you are a registered user of Mycryptovest, you can borrow on Mycryptovest Loan.

Q2. What crypto can users borrow on Mycryptovest Loan?

A2. Cryptovest Loan supports the borrowing of several cryptos, including Bitcoin, Etherium, Litecoin, BNB and USDT. You can check out the Borrow page on Cryptovest Loan for more information.

Q3. How long are the loan terms for Mycryptovest Loan?

A3. Loan terms of 7, 14, 30 and 90 days are available. You can always repay in advance and the interest is calculated based on the hours borrowed.

Q4. How is the interest calculated?

A4. Interest is calculated hourly, and less than one hour is calculated as one hour. The interest rate is determined by the time you make the loan.

Q5. How do I repay the interest and principal?

A5. You have to repay them manually on the Deposit page. The interest has to be repaid before the principal.

Q6. Can I make a full repayment before the due date?

A6. You can always repay in advance, and the interest is calculated based on the hours borrowed.

Q7. What happens if my loan repayment is overdue?

A7. We give an overdue duration of 72 hours (for loan term 7 days and 14 days) or 168 hours (for loan term 30 days and 90 days), during which you will be charged 3 times the hourly interest. If you do not repay after overdue duration, we will deduct your wallet balance and add 10% as penal fee.

Q8. Can I use the crypto I borrow to trade in Margin and Futures? Can I withdraw them?

A8. Yes, you can trade and Invest on Cryptovest using the loan you make as long as you meet the qualification for using the services. Yes, you can withdraw them as well.

Please read carefully and agree to Cryptovest Loan Services Agreement before you use Cryptovest Loans.

Cryptovest Loans Services Agreement

This Cryptovest Loans Service Agreement (the “Agreement”) constitutes part of the Cryptovest Terms of Use (the “Terms of Use”). Unless otherwise provided herein, the terms used herein shall have the meanings specified in the Terms of Use and matters not expressly stipulated herein shall be subject to the provisions in the Terms of Use.

The Agreement is a contract made and entered into by and between Cryptovest operators and users on matters such as Cryptovest’s provision of loans service to users (the “Service”) and charging of corresponding fees. Cryptovest offers the Service to address Users’ need for holding and using a specific digital currency and other digital assets, without requiring users to provide corresponding digital asset margins (the “pledged asset”) as the prerequisite for the loans. For convenience, “we” hereinafter refers to Cryptovest and operators of Cryptovest, and “you” refers to an individual user who utilizes the Service and enters into the Agreement.

Please read the Agreement in its entirety carefully and use the Service only after you have fully read and understood it in its entirety. Your use of any service provided by the Cryptovest loans platform means that you know, understand, and agree to all terms hereof and all terms of the Terms and Policy, including any modification and update to the Agreement made by us at any time.