<aside> 🏷️ DISCOUNT: NO ORIGINATION FEES FOR THE BLACK FRIDAY 🎁🥳

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<aside> ⚠️ When creating your account on Lendasat, you will be prompted to create:

• A password to access your personal account.
• A contract secret used to encrypt the contract and financial interactions related to it, in case someone gains physical access to your computer or browser.

It is important to store this contract secret in a safe place. The account password can be changed and reset via email, but the contract secret cannot.

</aside>

General

• How can I try the closed Beta?
• What is Lendasat?
• Why Lendasat
• Who provides loans at Lendasat?
• What amount of Bitcoin do I need for a loan?
• What are the origination fees?

Borrowing and Contract Terms

ℹ️ In closed beta we 3 types of loan offers available: $500, $1000 and $5000.

• What is LTV? (Loan-to-Value ratio)
• What is APR? (Annual Percentage Rate) / Interest Rate
• When borrowing against my Bitcoin, what currency will I receive in return?
• On which blockchain network will I receive the principal of my loan?
• How can I choose to have my loan disbursed in stable coins or on a Virtual Visa Debit Card?
• How should I repay the loan?
• Who should I repay the loan to if I requested to receive a Virtual Visa Debit Card?
• How will I receive my collateral back?
• Can my collateral be liquidated?