Unchained Capital – Secure Bitcoin Collateral $USD Cash Loans?

What Is Unchained Capital?

Unchained Capital is a platform that offers loans to people and businesses based on using Bitcoin as a collateral. They offer Fiat in the form of USD to entities who can prove their Bitcoin value. They also have very competitive interest rates that are said to be help their clients gain equity without having to let go of their current holdings.

The offering operates through many different analogues and through traditional finance. It works through security backed lines of credit as well as home equity credit lines. They only accept Bitcoin for collateral as of now. But they claim to be opening up to emerging markets in the future.

How Does Unchained Capital Work?

They work by given loans based on using Bitcoin as Collateral. They are a new emerging company that is going to attempt to circulate Bitcoin and use it rather than have it sit around doing nothing. As of now, about 60% of all Bitcoin sits and does nothing. But Unchained Capital wants to change the way that Bitcoin functions in our world. They have two basic loans they give out.

Personal Loans

These are for people who are afraid to sell their Bitcoin but need finances. You can apply for a personal loan at anytime and you’ll still be able to keep your coins.

  • This is ideal for people who are looking to make large purchases.
  • It’s also a great option for people who want to avoid tax events.
  • Lastly, this is a great option for individuals looking to make investments.

Commercial Loans

This is designed for larger firms and people who need working capital that the company can assist. To apply for a commercial loan, simply contact the company and they will work with you apparently. They are good idea for firms that:

What Is The ICO On Unchained Capital?

Could not find the ICO, but it will likely be high as they are offering loans upwards of one million United States Dollars. One thing that is surprising is there is no credit check required to get the loan. It’s probably based on proof of your Bitcoin value. That means it’s also likely a very discreet operation that could fund a lot of businesses and agendas behind the scenes.

Who Is Behind Unchained Capital?

The company offers security for both your wallet and your network. They claim to use a unique address for each customer and also for per-loan, multi-signature P2SH addresses that are used as collateral. They work in a type of hierarchy that determines wallets and stores private key chains on different devices.

The software is said to be well-tested and perfect for open source software and the authors who create it as well as audit each transaction. They do not operate a network hot wallet of any type or for any purpose.

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