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Home Cryptocurrency Promotions

SALT Lending Crypto-Backed Loans Promotions: $50 First-Loan Bonus & Give $50, Get $50 Referrals

Diana Mason by Diana Mason
July 15, 2023 6:30 am CDT
in Cryptocurrency Promotions
0
Interactive Brokers Logo Click here to see why Interactive Brokers is the #1 brokerage for serious investors!

Secured Automated Lending Technology, or SALT (saltlending.com), is welcoming new borrowers with a $50 Bitcoin bonus (referral link or code required). You’ll get an additional $50 in free Bitcoin for every person who claims their welcome bonus with your unique referral link. More referral deals here.

SALT is a lending platform where members can put up their blockchain assets as collateral for cash loans. For more on SALT and their current offers, keep reading.

Click here to check where SALT lends.

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SALT Lending $50 First-Loan Bonus

Get a $50 bonus in Bitcoin when you join SALT with this referral link (or enter the referral code sUXH3ltZd), apply for your first crypto-backed loan from SALT, and have an active loan status. They’ll deposit your bonus to your SALT wallet, and then it’s yours to withdraw or use as you wish. This bonus is valid for first-time borrowers only.


Alpha Picks summer sale 2025

SALT Give $50, Get $50 Referral Program

Share SALT with your friends and, once they have an active loan status, you’ll both receive a $50 Bitcoin bonus each. To qualify, your referrals must use your unique referral link or code when they register for a SALT account or apply for their first SALT loan.

You can earn a maximum of 10 referral rewards or $500 in referral bonuses.


SALT Features

Loan AmountsStarting from $5,000
Credit Check?No
Funding Time24 – 48 hours

In short, SALT provides USD loans to users who hold cryptocurrency. To do so, you need to create an account, verify your identity, and deposit your crypto of choice to use as collateral for your loan. Supported crypto assets include Bitcoin, Ether, Bitcoin Cash, Litecoin, Dash, Dogecoin, Ripple, SALT, USDC, PAX, TUSD and PAX Gold.

Interest rates start at 5.95% and depend on a variety of factors, including the lender who is contributing capital and current market conditions (more in the rate and fees section below).

Your loan-to-value ratio (LTV) will affect how much you can borrow via SALT. You’ll be warned of any potential margin calls before liquidation takes place, with an initial alert sent once the LTV reaches 75%. Forced liquidation will only take place when the LTV climbs to 90.91%.

In addition to crypto-backed loans, SALT also features:

  • A portfolio management tool that makes it easy to manage all your crypto holdings in one place.
  • Payout in fiat or stablecoin.
  • Notifications sent out via SMS, email, phone call and push notifications.
  • 100% insurance on crypto assets that are used as collateral for loans against crime.
  • 24/7/365 customer support via email. Phone support is available during normal business hours.

SALT Rates & Terms

Loan Terms3 – 12 months
Origination Fee0%
Withdrawal Fee0%
Prepayment Fee0%
Bounced ACH Fee0%

Your interest rate depends on the loan-to-value (LTV):

LTVAPR
30%5.95%
40%8.95%
50%10.95%
60%15.95%

Rates and terms are subject to change and may vary based on loan amount, qualifications, jurisdiction and collateral profile.


Bottom Line

SALT provides crypto-backed loans for fast access to cash. Use this referral link to sign up for an account and get a $50 Bitcoin bonus on your first SALT loan.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Interactive Brokers Logo Click here to see why Interactive Brokers is the #1 brokerage for serious investors!

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Diana Mason

Diana Mason

My passion for travel eventually led me away from the 9 to 5 office life and into the embrace of freelance work. Born in Cali and raised in Philly, I am a creative professional with a delightful knack for words. When I'm not gallivanting across the globe, you can find me writing (of course), teaching yoga, and dreaming of my next big adventure.

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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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