Taurus Coin is the place on which you are able to borrow from someone and lend to someone TaurusCoin. Like in the normal banking, the borrower promises a specific interest rate to the lender forgetting the TRC.
Because Lending is a Peer-to-Peer (P2P, or person-to-person), the platforms are there to structure the entire process in the fairest way possible.
Besides higher returns, investors have TRC lending a great opportunity to diversify their investments. These loans are borderless and you can spread your money all over the world in small (or not-so-small) chunks; in fact, doing so is strongly encouraged.
Commissions in
TRC lending platforms are usually smaller than in their flat counterparts, and given the nature of cryptocurrencies, you also save in deposit and withdrawal fees.
From the borrower’s perspective, TRC enables a huge market from where to get economic aid. Requisites are less and processing times faster, overcoming the long waiting periods, a big issue with traditional banking and their bureaucracy.
The volatility of cryptocurrencies also offers an interesting opportunity for borrowers and lenders alike: they can take/fund a loan today and pay less/receive more if the market moves in their favor, more or less like if they were trading.
TaurusCoin is a diverse cryptocurrency exchange that offers great liquidity for many AltCoins, which can be traded against TRC. The platform has been existing for years and is based Thailand. We have users from across the world.
More than 80 types of digital currencies are available and lending is available only to people looking for a margin loan. Asa means of security, the borrower cannot take their TRC until a trade is closed and the lender money is paid back.
The first big difference between fiat and BitCoin lending sites is the absence of credit scores that is both positive and negative for the involved parties. Many people are left out of the credit market for not having a credit score, but the lack of it also makes the decision of whom to lend harder for lenders and still difficult for unbanked individuals to borrow money
The tauruscoin process is very simple to use. The steps are as follows:Sign UpSign up for a Taurus Coin account to get started. The process takes only a few minutes.
Make paymentSpecify an amount of you need and make a payment with the yourpreferred payment method.
Receive TRCQuickly receive TRC to your TaurusCoin wallet. Spend your TRC on anything you like.
EasyTo UseThe process of receiving TRC is exactly the same as at an exchange. First, you give money to the lender. Then, he or she gives you TRC.But, as an added bonus, should you decide you do not need the TRC anymore, or you found a better exchange rate, you can return the TRC to the lender and get your deposited amount back.
Taurus Coin Lending Profits InterestTRC 1Lending Amount - $100.00 - $1000.00
Interest (Accrued Daily ) - up to 45% Per month
Capital Back - After 291 days
TRC 2Lending Amount - $1001.00 - $5000.00
Interest (Accrued Daily ) - up to 45% Per month + 0.10 % Daily
Capital Back - After 231 days
TRC 3Lending Amount - $5001.00 - $10000.00
Interest (Accrued Daily ) - up to 45% Per month + 0.20 % Daily
Capital Back - After 171 days
TRC 4Lending Amount - $10001.00 - $100000.00
Interest (Accrued Daily ) - up to 45% Per month + 0.20 % Daily
Capital Back - After 171 days
Low FeesAt TaurusCoin, lenders compete with each other to offer the lowest interest rates to you. The interest fee for a loan is paid as a one-time payment. The interest payment amount does not depend on the loan term. In addition to the interest fee, the borrower also pays the loan origination and payment processing or bank transfer fees.
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