Unlock the full potential of your cryptocurrency assets with the innovative features of the 1inch Card. Designed to enhance your interaction with crypto in daily life, the 1inch Card goes beyond simple transactions. It offers unique borrowing options through Cryptodraft and Stableloans, allowing you to leverage your assets without selling them, achieve tax efficiency, and enjoy a range of other benefits.

Introduction to 1inch Card

The 1inch Card, powered by Crypto Life, is a game-changer for crypto enthusiasts. It provides a seamless way to spend cryptocurrency while also enabling users to borrow against their crypto assets at 0% APR. This dual functionality not only preserves your investments but also offers substantial tax advantages. Let’s dive into the specifics of Cryptodraft and Stableloans and see how they can revolutionize your crypto experience.

Understanding Cryptodraft

Cryptodraft is designed for users who value flexibility and need quick access to funds without selling their crypto assets. By depositing BTC or ETH, users can borrow up to 60% of their collateral’s value. The first 10% Loan-to-Value (LTV) is interest-free, while the remaining 50% is subject to a minimal 1% monthly percentage rate (MPR).

Key Features of Cryptodraft

• Interest-Free Threshold: Users can keep their LTV below 10% and enjoy cost-effective spending.
• Flexible Repayment: Partial or full repayments are possible, allowing users to manage their finances according to their needs.
• High Borrowing Limit: Borrow up to 60% of the collateral value, providing significant spending power.
• Adaptable Terms: No fixed borrowing period means users can extend their Cryptodraft as needed.

Exploring Stableloans

For those who prefer a more structured borrowing approach, Stableloans offer fixed-term loans with clear terms and conditions. Users can set the loan amount and period, ranging from 6 to 24 months, providing better financial planning and transparency.

Key Features of Stableloans

• Fixed Terms: Loan periods of 6, 12, 18, or 24 months for better financial planning.
• Transparent Pricing: Interest rates are displayed upfront, ensuring clarity on borrowing costs.
• Interest-Free Portion: Users select their desired LTV when applying for the loan, and this choice remains fixed.
• Available Crypto Assets: Users can currently select from USDC, USDT, or EURT.
• Multiple Active Loans: Users can have multiple active Stableloans simultaneously.

Smart Finance with 1inch Card

Preserve Your Investments

One of the significant advantages of using Cryptodraft and Stableloans is the ability to access funds without selling your cryptocurrency. This is particularly valuable for those who believe in the long-term potential of their crypto assets. By using crypto as collateral instead of selling it, you maintain your position in the volatile cryptocurrency market. The 1inch Card provides a buffer against market downturns, allowing you to access funds without forced sales.

Achieve Tax Efficiency

In many jurisdictions, selling cryptocurrency to pay for goods or services can trigger a taxable event, subject to capital gains tax. However, using Cryptodraft or Stableloans allows you to borrow against your crypto without selling it, thus avoiding immediate tax liabilities. This can result in substantial tax savings, making the 1inch Card a smart choice for tax-efficient borrowing.

Summary

The 1inch Card, with its Cryptodraft and Stableloans features, offers innovative solutions for maximizing your crypto savings. Whether you need flexible borrowing or structured loans, the 1inch Card enables you to unlock the full potential of your cryptocurrency assets for everyday use. Preserve your investments, achieve tax efficiency, and enjoy the benefits of smart finance with the 1inch Card.

Unlock the full potential of your crypto assets today with the 1inch Card.

The author does not own or have any interest in the securities discussed in the article.