Want to borrow some cash using your domain names or website as collateral? Well, you can with the services of a digital asset lender. These digital asset loans have been around for several years, but they have never made it to the mainstream.
So, what are digital assets? A digital asset is something of value that exists in the virtual world like domain names, websites, trademarks, or other types of intellectual property. Based on the appraised value of these assets, the lender will extend a loan to you. But keep in mind, that the loan amount you qualify for will be based on a certain percentage of the lender’s appraised value. For example, a digital asset lender may loan up to 50% of the value of your domain or website.
If you own premium domains, chances are you will qualify for a decent loan. If you have a bunch of pigeon doo-doo domains, you will most likely be declined.
Digital asset loans have several advantages over other types of loans:
- No lengthy contracts or applications.
- There are no credit, employment, or reference checks needed.
- Interest rates are reasonable — much better than a payday or “bad credit” loan.
- Access to higher loan amounts.
For your convenience, I have listed some digital asset lenders below:
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Do you have any experiences with a digital asset lender? If so, please share your experiences here.