SALT (saltlending.com), also known as Secured Automated Lending Technology, is a lending platform where members can put up their blockchain assets as collateral for cash loans. If sounds like it would be right up your alley, continue reading!
Compare SALT Promotions to other cryptocurrency offers from Coinbase, Gemini, Voyager, Swan, & more.
Current SALT Promotions
$50 First-Loan Bonus
$50 First-Loan Bonus
For new customers to SALT, you can earn a $50 First-Loan Bonus when you sign up through a referral link. All you have to do is apply for your first crypto-backed loan from SALT, and have an active loan status. Take advantage of this offer while it’s still available!
- Promotions: $50 First-Loan Bonus
- When it expires: Limited time offer
- Availability: New members only.
- How to earn it: Apply for your first crypto-backed loan from SALT, and have an active loan status.
- Terms: This bonus is valid for first-time borrowers only.
(Click to learn more at SALT)
Give $50, Get $50 Referral Program
If you’re loving this service, spread the joy by referring friends and family to SALT! Valid for a limited time, you can participate in the Give $50, Get $50 Referral Program, where you can earn a bonus for referring new members! All they have to do is complete the same sign up process that you did to earn a bonus.
- Promotions: Give $50, Get $50 Referral Program
- When it expires: Limited time offer
- Availability: Current members only.
- How to earn it:
- Sign into your account
- Share your unique referral link
- They must complete the same sign up process that you did.
- Terms: You can earn a maximum of 10 referral rewards or $500 in referral bonuses.
(Click to learn more at SALT)
SALT Features
| Loan Amounts | Starting from $5,000 |
| Credit Check | No |
| Funding Time | 24 – 48 hours |
Basically, SALT provides to customers USD loans to users who hold cryptocurrency. In order to get the loan, simply create an account, verify your identity, and deposit your crypto of choice to use as collateral for your loan. Supported crypto assets include Bitcoin, Ether, Bitcoin Cash, Litecoin, Dash, Dogecoin, Ripple, SALT, USDC, PAX, TUSD and PAX Gold.
Interest rates start at 5.95% and depend on a variety of factors, including the lender who is contributing capital and current market conditions (more in the rate and fees section below).
Your loan-to-value ratio (LTV) will affect how much you can borrow via SALT. You’ll be warned of any potential margin calls before liquidation takes place, with an initial alert sent once the LTV reaches 75%. Forced liquidation will only take place when the LTV climbs to 90.91%.
In addition to crypto-backed loans, SALT also features:
- A portfolio management tool that makes it easy to manage all your crypto holdings in one place.
- Payout in fiat or stablecoin.
- Notifications sent out via SMS, email, phone call and push notifications.
- 100% insurance on crypto assets that are used as collateral for loans against crime.
- 24/7/365 customer support via email. Phone support is available during normal business hours.
SALT Rates & Terms
| Loan Terms | 3 – 12 months |
| Origination Fee | 0% |
| Withdrawal Fee | 0% |
| Prepayment Fee | 0% |
| Bounced ACH Fee | 0% |
Your interest rate depends on the loan-to-value (LTV):
| LTV | APR |
| 30% | 5.95% |
| 40% | 8.95% |
| 50% | 10.95% |
| 60% | 15.95% |
Rates and terms are subject to change and may vary based on loan amount, qualifications, jurisdiction and collateral profile.
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Bottom Line
SALT is a great way to get loans if you currently hold cryptocurrency because it gives you access to quick cash. By using our promotions above, you can earn some nice bonuses to help with those loans.
If you are looking for free Bitcoin bonuses and other cryptocurrency promotions, check it out here on HMB!
