Last Updated: April 2025
Before using the services provided by Bitloan LLC., it is essential to understand the risks involved. Cryptocurrency markets are highly volatile, and engaging in lending or borrowing activities carries inherent risks. By using our platform, you acknowledge and accept the following risks:
The value of Bitcoin (BTC) and DAI can fluctuate significantly. A decline in the value of your collateral may result in liquidation if the Loan-to-Value (LTV) ratio reaches 90%.
If the LTV ratio exceeds 90%, your collateral will be automatically liquidated to cover the outstanding loan amount. This process is irreversible and may result in partial or total loss of your deposited Bitcoin.
Interest rates are subject to change based on market conditions and the selected LTV ratio. Borrowers should carefully consider the cost of borrowing before entering into a loan agreement.
Issues related to the Lightning Network, blockchain technology, or smart contracts may affect the execution of transactions. While we implement robust security measures, unforeseen technical failures may occur.
Cryptocurrency regulations vary by jurisdiction and may change over time. Users are responsible for ensuring compliance with applicable laws and regulations in their respective regions.
We do not guarantee the performance, reliability, or availability of our services. All transactions are conducted on a best-effort basis, and users bear full responsibility for their actions.
By using our platform, you acknowledge that you have read, understood, and accepted the risks associated with cryptocurrency lending and borrowing. You agree to hold Bitloan LLC. harmless from any losses or damages resulting from your use of our services.
For further clarification or assistance, contact us at [email protected].