SALT Lending Review – Are These Cryptocurrency Loans Legit?


If you’re at the cryptocurrency space you might have known about SALT Lending. SALT Lending is an agency that enable ‘s its users utilize cryptocurrency as security to start loans. Are you really curious? Before you jump ahead and purchase, browse our review of SALT Lending and decide for your self whether that agency is ideal for you personally.

About SALT Lending

The cryptocurrency business has been able to reinvent the wheel of several legacy financial techniques. While holding cryptocurrencies empowers somebody to become their particular custodian and also “bank” of this capital, many services utilized in banks (for instance, loans, getting interest in holdings, etc.) are inaccessible. As luck would have it, it has changed, since a has seen massive advancement in the field of decentralized or blockchain-based fund. SALT Lending is among those services, that makes it possible for users to start out loans and utilize their own holdings of crypto as security, effortlessly lending crypto holders a means to use the money to cover things in fiat and never needing to promote their shares. This sounds to be a perfect service on newspaper, however legitimate and effective would be SALT Lending, also is it worth one’s hope? SALT Main

A History Of SALT Lending

SALT Lending is established in Denver, Colorado, where it had been launched in 2016 with an assignment to conceive a way allowing cryptocurrency holders to keep up their longterm speculation and investments without needing to sacrifice/sell their holdings to get short-term way (for instance, paying invoices ). Ever since that time, the corporation has assembled their own new, offering individual and company loans worldwide.

SALT Lending Product Offerings

Both business and individual loans are offered through SALT. Clients have the ability to open loans contrary to their cryptocurrency holdings in trade for USD, in addition to stablecoins such as: USDT, PAX, and TUSD. The business has plans to incorporate greater federal monies and encourage more cryptocurrencies.

Loans is found between $5,000 and $25,000,000 using a repayment window 3 to 12 months, and also a Loan-to-Value between 30-70 percent. Repayments are for sale as Interest Only payments, or Interest-plus-Principal payment options. A suitable Loan Calculator is seen on SALT’s internet site to ascertain specific prices. SALT Calculations

Currently, clients can provide these cryptocurrencies as security: Bitcoin; Ethereum; Bitcoin Cash; Litecoin; Dash; Dogecoin; Ripple (XRP); TUSD; USDC; PAX; PAX Gold; and SALT (the stage ‘s own token). SALT Assets

SALT Platform Security

The capital users bet as security would be AES 256 encoded, then stored offline on Level 3 supported FIPS 140-2 hardware. SALT’s approaches meet up with the Cryptocurrency Security Standard’s compliance to guarantee user safety. The business tries to make use of multi-signature pockets whenever potential. SALT Security

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One specific feature that SALT offers is full charge to get customer capital. SALT offers both Crime Insurance (within case of rights or infrastructure problems ), in addition to Cyber Liability Insurance (within case of a violation or hazard ). This assists put clients ‘ minds at ease, as SALT claims that user funds are 100% safe as long as they are held on the SALT platform. SALT Insurance

Getting Started on SALT Lending

The process of opening an account on SALT is easy, and is similar to the sign-up process found on many other cryptocurrency services around the web. To begin, simply click the “Sign Up” button found at the top header of SALT’s website. The website will then ask for a valid email address, a password, re-entry of password for confirmation, and an invite code if the new user has one. SALT Signup - Email

SALT will then send a verification email to the address provided. Within the email, SALT will provide a 6-digit code that must be entered into the provided box within 24 hrs of the time the code was sent in the email (a new code is generated if not entered within the given window). SALT Signup - Email Verification

After the code is profitably entered into the box, SALT will then have the new customer set up 2-Factor Authentication (2FA). A QR Code will be provided, which is scanned with any authenticator application such as Authy or Google Authenticator. This application will link with your account, generating unique codes every 30 seconds. 2FA is a necessary step in personal account security, helping the service verify the user’s identity. SALT Signup - Authenticator

Once 2FA is set up profitably, SALT will ask the customer to provide their name, and residing country. To verify the user’s identity, SALT will then ask the customer for a form of identification, which is in the form of a passport, and in some regions, an identity card, or driver’s license. SALT Signup - Identity Verification

Next, the user must read, understand, and give their consent to the Membership Agreement proposed by SALT by checking the box and clicking the “Submit” button. SALT Signup - Agreement

From here, SALT will ask the customer whether their account is for personal or business use. Users are able to conceive up to 7 different accounts, with only 1 personal account per user. SALT Signup - Account Type

Once the appropriate account type is selected, the user will be taken to their account overview, from which they can complete their personal profile, and apply for a loan.

Both business and individual loans are offered in: Brazil; Switzerland; United Arab Emirates; Hong Kong; New Zealand; and the United States (Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; the District of Columbia; Florida; Georgia; Hawaii; Illinois; Indiana; Iowa; Kansas; Kentucky; Maine; Maryland; Massachusetts; Missouri; Nebraska; New Hampshire; New Jersey; New Mexico; North Carolina; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; Tennessee; Texas; Utah; Virginia; Wisconsin; Wyoming).

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Business loans (only) are offered in: the United Kingdom; Australia; Canada (Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland and Labrador; Nova Scotia; Ontario; Prince Edward Island; Saskatchewan; Northwest Territories; Nunavut; Yukon); and the United States (Alabama; Idaho; Louisiana; Michigan; Mississippi; Montana; Vermont; Washington; West Virginia).

SALT Lending Fees

The fees one will be paying for SALT’s services and loans greatly depends on the type of loan opened, the amount of money the loan is worth, the location of the customer’s residence, and the repayment window duration. A handy calculator is found on SALT’s website to obtain a good idea of how a lot of one might be paying depending on the different variables unique to each individual. When applying for a loan, SALT will use this information to be transparent to the customer regarding the rates they will be paying, and the total collateral needed to fulfill the loan. SALT Calculator

Customers living in certain areas can receive confirmation within 24 hours, with the waiting time heavily dependent on the customer’s location of residence. Once the loan is approved, fiat funds is expected to be transferred into a bank account within 1-7 days, with stablecoin payments able to be sent within the equal day as confirmation. SALT loans will not affect an individual’s credit, as SALT does not perform credit checks, nor do they report information to any outside party unless required by law mandate.

SALT Customer Resources

SALT provides a few different resources for customers and curious individuals to learn about their platform, and how their services work. For starters, SALT offers their “Newsroom” page, featuring articles and press releases relating to SALT. SALT Newsroom

Next, SALT offers a video series called “Worth Your Salt,” which features industry leaders giving their perspective on cryptocurrency topics. SALT Worth Your SaltSALT Worth Your Salt Episodes

An extensive FAQ is also provided for customers, answering many common questions one may have when using SALT’s services. SALT FAQ

A mobile application is available to customers, allowing them to monitor the status of their loans, as well as the ability to make deposits and withdrawals, and more. SALT Mobile

Handy SMS alerts, email alerts, phone calls, and push notifications is set up to notify the customer of actions and reminders. This is a great feature as it allows the customer to remain completely aware and in control of their portfolio. SALT Notifications

SALT Customer Service

In an industry where customer service is largely lacking when it comes to providing many different options for contact (and being present for them), SALT has decided to go the extra mile concerning their contact information. Should a customer have any questions about which loan may be right for them, they are free to contact SALT’s loan manager via a provided telephone number, or by email. SALT Customer Support

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Technical issues can also be resolved by contacting their customer support team via their provided phone number and email address. A Live Chat feature is also provided to engage convenient interaction between user and support. SALT Support Technical Issues

Is SALT Legitimate and Trustworthy?

SALT is a legitimate company, registered in countries worldwide. The company has been building a solid reputation for providing crypto-backed loans after all their launch. SALT takes all necessary measures to secure user keys by using encrypted off-line hardware, multi-sig wallets, and full insurance for any funds on the SALT platform. One should be wary of the inherent risks involved in taking out a loan with a lending platform, as loans themselves is risky if a user is ill-equipped to pay back the loan.

Conclusions For SALT Lending

SALT is a great option for the inevitable costly life events, where the cryptocurrency holder that doesn’t desire to market their own bags of crypto to cover costs or even invoices. As the cryptocurrency business remains relatively fresh, lending systems have been in existence for a fantastic amount of years. SALT is like just one of many most customary financing systems (like LendingTree), however, accommodated to cryptocurrencies. 1 stand out note to put focus on maybe your scope of SALT’s customer services. Very rarely does one cryptocurrency companion set a cell phone number; SALT has recorded individual amounts for their Customer Support group, and also their Loan Support group, in addition to the hours that the mobiles are going to be in service. In a variety of ways, cryptocurrency organizations have started to reevaluate the wheel of heritage fund. SALT Lending is among these businesses, with becoming a steady participant at the before all else tide of fresh fund.





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  • Can buy capital in USD or backed stablecoins
  • No credit checks demanded
  • Can make use of a composite of distinct cryptocurrencies to bet as security for that loan
  • User funding stored offline together with multi-sig pockets utilized once potential
  • Confirmation can arrive at twenty-four hours both Crime Insurance and Cyber Liability Insurance is found


  • Loans might necessitate larger repayment rates compared to conventional loans provided by a bank
  • Small window of repayment (3-12 months just )
  • Loans could incur considerable debts or even handled correctly
  • Staking crypto as collateral to get financing is inherently insecure

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