Great questions! Salt Lending is great, but they are limited on the number of cryptocurrencies they can loan against (like 5 currencies) whereas we can loan against over 30 cryptocurrencies. Second, Salt is going to charge you 10-14% interest and only loan up to 50% LTV. The investment bank that we use can loan at 3-5% interest and up to 65% LTV.
To clarify, I am a BROKER, not a LENDER. We connect people that need loans with lenders. I consider our firm to be a 'wholesale broker' meaning we don't charge any upfront fees, require any phony contracts, and we aren't going to charge you an arm and a leg. Most of our business is referrals. If Salt can give you a better deal then I'd encourage you to go with them.
Most of our deals our $5mm+. There are a couple of reasons why people get a loan against their cryptos instead of selling them. 1)They are still bullish on the upside potential of their cryptos, and don't want to sell them and miss out on potential upside. 2)Selling them triggers a tax liability. 3)If they can get funds at 5% interest and make a return of 10%+ a year then you can probably see why they'd take out a loan. Most of my clients taking out loans against their cryptos have been developers, and they have projects which they are using the funds and they have crazy returns.
I appreciate the questions and criticism. For kicks and giggles, you can send me an email at
dylan@jdconsultingco.com and I'll send you a NDA, and then introduce you to the investment bank that we use. Then you can decide for yourself if it's legit.
All questions and comments are appreciated!