Nobitex has recently launched a new service called ‘Credit for Purchasing Goods.’ Users can obtain up to $8,333 in purchasing credit by pledging their cryptocurrency assets with Nobitex, without paying any interest or fees. This credit can be used at selected stores, and repayment is to be made in two installments over 60 days.
How to Obtain Purchase Credit from Nobitex
Obtaining purchase credit from Nobitex is fully online and takes less than 10 minutes. Users do not need to provide checks, promissory notes, or guarantors. Instead, they only need to pledge collateral worth 30% more than the requested credit amount. For example, to receive $3,333 in purchase credit, users need to transfer an equivalent of $4,000 in cryptocurrency to their collateral wallet to receive the credit. The maximum credit limit is $8,333.
The cryptocurrencies accepted for collateral include BTC, USDT, USDC, DAI, ETH, DOGE, SHIB, and FTM. The repayment of this credit can be done in two installments over 60 days.
Why Does Nobitex Offer Purchase Credit?
The purpose of offering purchase credit is to provide cryptocurrency investors with financial services alongside holding their assets. Nobitex aims to address a broader range of user needs and offer a more diverse product portfolio to Iranian users by leveraging innovation and adhering to regulations through collateral management and support from providers.
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