Some consumers may know Megapawnshop as a financial institution for lending, which it has been since 2012. However, they have managed to keep up with the current demands of the financial world, allowing consumers to use their services for cryptocurrency as well. With their steadfast performance, they have been able to maintain their stance in the industry.
The Main Purpose Of MegaPawnshop
Clients that work with Megapawnshop will have the opportunity to request and receive any dollar amount in funds, for the sake of preserving their digital currency. Since cryptocurrency ATMs are still not as widespread as they could be, this exchange allows consumers to instantly have access to funds when they need it urgently.
The company’s website shows that they are understanding of the special circumstances that the general consumer can experience at any time.
According to their promise, they say,
“That's why we work 24/7 and strive to reduce the time for consideration of each request to a minimum. The funds will be transferred to your balance faster than you can imagine.”
How MegaPawnshop Crypto Loans & Lending Services Works
The process for customers of Megapawnshop is fairly straightforward and user-friendly, though there are some stipulations. Their loan allows clients to get up to 70% of the value of the crypto tokens that the user transfers, which means there is a 30% fee. However, the user does not have to wait long to get the deposit, and there are no other documents that they have to provide.
The ease of use is their selling point, since the application process is fairly simple. Though they do not give a length of time about how long it takes to make a decision on the approval, they said they will “consider your request as fast as possible.”
The services are available to anyone that holds cryptocurrency, allowing users to take out funds at any time from a personal account. While the company holds onto the tokens, they maintain the security of the funds, and even provide insurance to protect the user from loss or theft.
In order to get the Bitcoin back in the user’s digital wallet, they must pay back the full loan amount. The company does not “freeze” any funds of the user, and they have a quick response when replenishing the tokens.
If there are other concerns about this service, consumers can either visit the official website at megapawnshop.com or submit their question through their online form.
This product can be downloaded via Google Play or the App Store on any smart device.