Salt Lending

Crypto Backed Loans
Borrow cash using your cryptocurrency as collateral with the Salt Lending app.


SALT lending is a crypto lending platform that provides loans to users looking to borrow against their cryptocurrency assets, using them as collateral. This allows crypto investors to hodl their crypto assets instead of selling them. With no origination fees or prepayment fees, SALT offers an innovative solution for cryptocurrency hodlers to use them as collateral assets against a loan.

What is SALT Lending?

SALT lending started its journey in 2017 as an innovative platform by launching its native token as a Salt Token (SALT). Salt smart contracts run on the Ethereum blockchain. Its token’s utility lies in the fact that it can be used to pay membership fees and gain benefits on the platform. However, it is only applicable to its members.

SALT is based out of Denver, CO, and was founded with the goal of providing a solution to the crypto holder by keeping their long-term speculations and investments while avoiding selling their cryptocurrencies for the short term.

The SALT Lending team is one of the most successful teams in the crypto space. They have been able to raise over $100 million in funding. This is due to their unique approach to providing liquidity to the crypto market. Their goal is to provide a decentralized alternative to traditional financial institutions. They believe that there needs to be a better way to lend money to people who want to invest in cryptocurrencies.

How Does SALT Lending Work?

The SALT lending platform covers its digital assets through extensive insurance used for loans. Their lending system uses blockchain technology to secure the digital assets that serve as collateral. Further, the crypto collateral lists are held in cold storage, and the crypto holdings are insured against theft and crimes.

In addition to providing liquidity to borrowers, SALT Lending aims to make borrowing easier for people who might otherwise find traditional funding sources inaccessible due to a lack of credit history or poor financial standing. By leveraging blockchain technology, SALT Lending seeks to streamline the process of asset securitization and disintermediate the loan origination process.

How Does SALT Compare to Other Crypto Loans?

The SALT platform is also one of the premier cryptocurrency lending solutions out there today. The platform offers competitive pricing compared to other crypto-backed lenders, with no origination or prepayment fees, APRs as low as 0.52% and terms of up to 60 months. The crypto lending platform is designed to help investors keep their cryptocurrency assets longer and benefit from the potential earnings of holding to crypto assets for longer. The SALT platform also lets you track all your assets in one place.

What Features Does SALT Offer?

The SALT platform offers a variety of tools that make it easier for investors to manage their crypto portfolios. This includes a wallet that stores both fiat currency and cryptocurrencies, a loan application form, and a dashboard where you can monitor your investments.

The SALT Lending platform also offers a wide range of products, including loan financing, margin trading, and even ICO funding.

In addition to providing access to cryptocurrency holdings, SALT Lending also insures those assets against theft and loss. All funds stored in cold wallets are protected against hacks, while the coins themselves are covered by insurance policies. There is no reason why you cannot use your crypto to buy things online while still being protected by FDIC insurance.

You can manage your crypto loans and assets by logging into your account on their website or downloading the convenient mobile app.

The Pros and Cons of the SALT Crypto Lending Platform

Let’s now review the advantages and disadvantages of SALT loans and the crypto lending platform:

Pros of SALT

There are many advantages of using your crypto as collateral for loans, and these are the pros of doing so using the SALT platform:

  • There are no hidden costs involved in the platform. Every single transaction is transparent, and there are no extra fees.
  • You don’t need to provide any personal information while signing up. However, if you plan to borrow, you just need to provide some basic information about yourself, including your name, address, email id, occupation, income, etc.
  • Borrowing doesn’t require a credit check.
  • They offer competitive rates compared to traditional lenders.
  • They are one of the few platforms that do not charge any origination fees.
  • They allow you to use your cryptocurrency to pay off your loans.

Cons of SALT

Consider these cons before applying for a crypto-backed loan in SALT:

  • SALT doesn’t allow loans above $10,000 as a basic member.
  • They only accept assets as collateral.
  • 3. Although SALT does not charge any origination fee, they do charge an annual maintenance fee of 0.75%.

How Much Can You Borrow with SALT?

How much you can borrow depends on the membership you avail of. The SALT lending platform offers three different types of memberships. Basic members are able to borrow up to $10k, while big organizations can borrow up to $1 million each.

SALT Lending uses a unique algorithm to determine how much money you qualify for and what interest rates you’ll pay. Users can select the loan term length, ranging from 3 months to 2 years. All repayments must be paid within 30 days, although there is flexibility around how long it takes to pay off the loan. Repayment options include monthly payments, biweekly, weekly, fortnightly, quarterly, semiannual, annual, and lump sums.

How to Get Started with SALT

The process is simple and fast; visit the SALT website and open an account. After your complete, the process, see here how to request a crypto-backed loan:

  1. To apply for a loan, fill out the form and submit it. Once approved, you will receive an email confirmation from them. You can expect to get a response within 24 hours.
  2. Once approved, the money is deposited directly into your bank account within 24 hours. There are no hidden costs or prepayment penalties.
  3. If you decide to withdraw your collateral, you’ll be required to fill out a withdrawal form on their website. After that, you’ll receive a notice via email informing you when your collateral has been released back to you.

FAQs About SALT (5)

  • Is SALT safe?

    Yes, SALT is fully compliant with Know Your Customer regulations. They use multi-signature technology, meaning that they require multiple signatures before releasing funds.
    They also make sure that all transactions are secured through SSL encryption. Furthermore, they follow strict KYC/AML guidelines, meaning that they verify each applicant’s identity before granting them access to their services.

  • How does SALT protect your crypto assets?

    All funds deposited into the SALT Lending system are held in cold storage. Cold storage refers to keeping your funds offline, which makes it harder for hackers to steal your money. The company uses multi-signature technology to ensure that all transactions are secure.
    Do you need to provide proof of income for a SALT loan?

  • Do you need to provide proof of income for a SALT loan?

    No, SALT does not ask applicants for proof of income. However, if you do choose to provide proof of income, you may be required to provide additional documentation.

  • What credit score do you need to get a loan from SALT?

    SALT does not perform a credit check to decide on providing loans. This means your credit score will not be affected when your borrow through SALT.

  • Are there any fees associated with using SALT?

    Yes, SALT charges a fee for every transaction. Their fees vary depending on the type of loan being applied for.

Salt Lending

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Salt Lending Products and Services


SALT Crypto-Backed Loans

SALT offers personal loans to help people accomplish their goals. Consolidate credit card debt, buy a car, renovate your home, or re-invest or trade your crypto assets.

Learn more

Why Us

Easy Application Process and Instant Approval

They make applying for a loan easy by allowing you to apply online in less than five minutes. You'll receive instant approval after submitting your details. You won't have to wait days or weeks for us to approve your loan.

No Origination and Prepayment Fees

They don't charge any origination fees or prepayment penalties, so borrowers never have to worry about paying extra fees if they need to borrow more money.

Flexible Repayments

Repaying your loan early doesn't mean having to pay higher interest rates. They let you set flexible repayment terms, including monthly installments, biweekly payments, weekly payments, and even fortnightly payments.

Borrow Against Your Crypto

Use your cryptocurrency as security for a loan without worrying about losing your assets.

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