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CoinLoan Welcomes Bitcoin Cash to Their List of Collateral Currencies

CoinLoan is among the first to offer loans secured by Bitcoin Cash

Keep in mind:

  • BCH is now available for deposit and withdrawal in the My Wallet tab.
  • Users can deposit BCH to use as loan collateral. However, users cannot lend or borrow BCH coins.
  • BCH deposits are free of charge.
  • BCH withdrawals are subject to a fixed fee of 0.001 BCH.

What Is Bitcoin Cash?

Bitcoin Cash is a cryptocurrency and a P2P payment system, which entered the crypto market as a Bitcoin hard fork product on August 1, 2017. Currently, BCH has a market capitalization rate exceeding $6 billion.

Why Is Introducing BCH to CoinLoan Vital?

First, this update means the extension of the CoinLoan list of cryptocurrencies. The more cryptocurrencies available, the more likely users are to come to the CoinLoan platform to benefit from their cryptoassets without selling them.

How Does BCH Work on CoinLoan?

From now, BCH is available for deposit and withdrawal from CoinLoan in the My Wallet tab. To upload BCH on your account, open the My Wallet tab, find BCH, and hit the Deposit button.


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