SALT is a cryptocurrency lending platform that offers Bitcoin and crypto-backed loans. It allows individuals to borrow against their crypto assets without selling them, using them as collateral for a line of credit. Unlike traditional loans that rely on credit scores, SALT loans are asset-backed, meaning that the borrower’s crypto assets act as collateral. This approach gives borrowers access to liquidity while retaining ownership of their digital assets. The loans offered by SALT have competitive rates and terms, starting from $1,000 with APRs of 0.52% and terms from 12 to 60 months. No origination or prepayment fees are associated with SALT loans, and borrowers can choose stablecoin payouts. The platform is designed to help borrowers hold on to their crypto investments and leverage them to meet their financial needs.

One of the key features of SALT is the StackWise program, which allows borrowers to receive a portion of their monthly loan payment back to their crypto wallet through crypto rewards. These rewards are available in Bitcoin, Ether, or USD Coin, allowing borrowers to choose their preferred cryptocurrency. SALT also offers a range of loan products to cater to different financial strategies, including personal and business loans. The platform provides a simple and streamlined loan application process, allowing borrowers to customize their borrowing preferences and submit their applications online. SALT accepts a variety of cryptocurrencies as collateral, giving borrowers the option to use multiple cryptocurrencies to secure their loans.

SALT prioritizes security and reliability in its platform. It has partnered with Fireblocks, a trusted custody management platform, to ensure the safe transfer of collateral assets. SALT also maintains cyber insurance to protect against cyber-related incidents and theft of crypto assets. The platform follows a custody-agnostic approach, distributing risk and enhancing security. Access to assets is authorized by multiple users, providing an additional layer of protection. Borrowers have praised SALT loans for their ease of application and the platform’s user-friendly interface. The company has a strong commitment to customer service, ensuring that borrowers have access to support and assistance throughout the loan process.