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Comparing Crypto Loans: How to Get the Best One for You

Team Bitcoin Daily



Lend an ear. If you can’t do that, lend a little crypto.

Cryptocurrency is one of the fastest ways to earn money. Investing in Bitcoin and Ethereum diversifies your portfolio and lets you make exciting loans.

But loans are difficult. The terminology and protocols for making loans can be confusing. Once you learn them, you can compare profitable loans in no time.

Here is a quick guide to crypto loans.

The Terminology of Loans

There are a few basic terms you should understand before diving in.

The annual percentage rate is the annual rate charged for borrowing the loan. The rate is a function of the borrowed money, the initial charges, and the duration of the loan.

The interest rate is a rate charged for using the loan. The riskier a loan, the higher the interest rate is.

Amortized loans require lenders to pay interest and principal every month. Monthly payments are higher, but you will pay off your amortized loans faster.

Collateralized loans require lenders to give creditors some collateral upfront. The loan-to-value ratio determines the collateral you will pay.

Savings accounts are special bank accounts. When you deposit into a savings account, you give the bank permission to lend your money out to others. The bank cuts you into the loan, giving you interest for it.

Comparing Crypto Loans

Once you know the basic terms, you can begin comparing crypto loans to each other. A good rule of thumb is to select loans with a lower APR. The lower the APR, the less the lender has to pay.

If you have a lot of capital already, consider amortized loans for short-term investments. Collateralized loans are also a good option, especially if you want to build a long-lasting relationship with your creditor.

There are many kinds of crypto savings accounts. Bear in mind safety and security. Cryptocurrency is not insured, and the market is volatile, so you may lose money.

BlockFi is a wealth management system focused on crypto assets. BlockFi supports all major cryptocurrencies, with competitive APR and interest rates. BlockFi offers fast collateralized loans, and they are open to anyone with $15,000 or more in cryptocurrencies.

Nexo is a cryptocurrency project from FinTech. Nexo offers crypto-backed loan services that make obtaining fiat currencies easy. Their interest payments are simple, and they offer high security in cold storage.

The Celsius Network is a service that provides savings accounts and loans. They offer their own cryptocurrency, which has grown faster than Bitcoin in recent months. They support weekly interest rates, but you must pay them in their crypto to get higher rates.

If you are looking for high yields, BlockFi is your best bet. Their high-interest rates and strong security promote reliable returns on investment. Nexo and Celsius offer good services for regular payouts, but their payouts are small.

Get the Best Crypto Loans for You

Lend your name to good business. Cryptocurrencies are here to stay. Capitalize on the trend with crypto loans.

Understand the basic terms that determine loans. Then use those terms to distinguish between savings account providers. If you want high yields, go with BlockFi, but you can consider other services as well.

In this rapidly changing marketplace, get the best loans for you. Bitcompare offers a platform of services to help you find the best crypto loans. Tap into our tools today.

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Press Release

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Chain Wire



Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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Press Release

WEMADE and WEMIX Win “Best Web3 Gaming” at MENA Games Industry Awards 2024

Crypto Chain Wire



WEMADE and WEMIX were honored with the prestigious “BEST WEB3 GAMING ” award at the MENA Games Industry Awards 2024. The awards celebrate the best of the region’s thriving gaming sector, and as the sole web3-focused award, the “BEST WEB3 GAMING” category spotlights companies championing the integration of web3 technologies into gaming.

“We are honored to receive this prestigious award. It validates Wemade’s commitment to fostering growth and collaboration within the global web3 gaming landscape,” Wemade said in a statement. “This award motivates us to continue empowering developers and driving innovation in game design & development.

Wemade would like to congratulate all of the finalists and winners at this year’s MENA Games Industry Awards. Their dedication and passion for innovation are shaping the future of gaming.

About Wemade

Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 mainnet, the WEMIX PLAY blockchain game platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit for more information. 

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Press Release

Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire



Metarise is forging new paths in the metaverse landscape, building an immersive digital universe that blends high-quality, low-poly graphics with the robust capabilities of the M20 Chain blockchain, all powered by Unreal Engine. This innovative platform merges reality with virtual spaces to create an interactive environment where users can live, work, and play.

Vibrant Digital Ecosystems: Cityland and Funland 

At the heart of Metarise lies Cityland, the bustling urban core that serves as the central hub for commerce, art, and social interaction. With its vibrant streets lined with shops, showrooms, galleries, and more, Cityland is where creativity meets community. Not far from the urban excitement is Funland, a sanctuary of joy and entertainment, offering a retreat where users can engage in games, sports, and various leisure activities. Both these areas are anchored by the iconic Metarise Tower, a towering structure that stands as a testament to the possibilities of virtual architecture and the central node from which all activity in Metarise radiates.

The Role of Riser Token in Metarise 

The pulse of this digital universe is the Riser Token ($RIS), a metaverse utility token that facilitates not only commerce but also enables a variety of interactions and transactions within the Metarise ecosystem. From purchasing virtual land to trading goods and accessing exclusive services, the Riser Token is essential for navigating and leveraging the full potential of Metarise.

Empowering Users and Businesses 

Metarise is more than just a virtual space; it is a versatile platform designed to accommodate the diverse needs of individuals and businesses alike. Users can escape the monotony of traditional digital interactions and immerse themselves in a vibrant 3D environment that offers an enriched form of social connectivity. For businesses, Metarise provides a range of tools and spaces for virtual offices, allowing companies to maintain operations, host conferences, and interact with clients without geographical constraints.

Innovative Real Estate and Investment Opportunities 

One of the standout features of Metarise is its approach to virtual real estate. Through its Initial Land Offering (ILO), users have the opportunity to invest in virtual land, represented as unique NFTs on the M20 blockchain. This allows for the development of personalized real estate projects, from digital offices and private properties to commercial spaces, which can be further monetized through rentals or providing specialized services.

MetaRise is excited to announce the opening of our Initial Land Offering (ILO), a unique opportunity for early adopters to participate in the early stages of our expansive metaverse. This early phase of development offers potential for growth as the platform evolves, though it’s important to remember that all investments carry inherent risks and returns are not guaranteed. As you consider joining us in shaping the future of MetaRise, we encourage you to make informed decisions.

A Hub for Brands and Creators 

Metarise serves as a dynamic marketing tool for brands looking to enhance their identity and user engagement through immersive experiences. It’s a platform where brands can interact with their audience in meaningful ways, leveraging the unique capabilities of virtual reality, augmented reality, and AI to deliver memorable brand experiences.

Conclusion: The Future of Digital Connectivity 

Metarise envisions a world where digital and physical realities converge to create a seamless universe of endless possibilities. It’s not just about creating a space for users to interact; it’s about redefining the essence of community and connectivity. As Metarise continues to expand and evolve, it invites users from all corners of the globe to explore its myriad offerings, engage with its vibrant community, and contribute to the ever-growing expanse of this digital frontier.

Discover Metarise and step into a world where your digital life transcends boundaries, offering new ways to interact, explore, and impact the world around you. Join us on this journey to redefine the future of the metaverse.

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