- From the Homepage, select the Account (if you have multiple accounts) where you want to withdraw your crypto assets from by clicking the “CONTINUE” button
- Click the “Custody/Collateral” tab
- Select the asset you want to withdraw
- Click the “SEND” button
- Select “Withdrawal”
- Enter the destination wallet address where you want to send your crypto assets and click “NEXT”
- Enter the amount you want to withdraw, then click the “NEXT” button
- Review your withdrawal request (amount and wallet address). If everything is correct, enter your 2FA code, and click the ‘CONFIRM WITHDRAWAL” button
CRYZA provides crypto-backed loans. In simpler terms, you provide crypto as collateral, and we’ll give you fiat or stablecoins in as little as 1 – 2 business days. You can use a portfolio of our supported cryptocurrency assets as collateral to secure a loan paid out in fiat or stablecoin as an innovative way for HODLers to access liquidity without having to sell your crypto. We offer 12-month loan terms with the ability to pay off your loan early without any pre-payment penalty.
You can withdraw your assets at any time unless it is being used as collateral for an active loan. To withdraw your crypto assets, please follow these steps:
To deposit crypto assets to your CRYZA account, you will need to complete the Identity Verification process. Once completed, please follow the steps below:
- From the Homepage, select the Account (if you have multiple accounts) where you would like to deposit crypto assets to by clicking the “CONTINUE” button
- Click the “Custody/Collateral” tab to see the list of supported crypto assets
- Select the asset you want to deposit
- Click the “DEPOSIT” button
- Scan the QR code or copy your Wallet Address
- Go to the source platform/wallet from which you will be sending crypto assets and paste your CRYZA wallet address
- After sending, your deposit will be reflected in your CRYZA account when it reaches the required number of blockchain confirmations
CRYZA loans are collateral-backed, which means crypto is your credit. Your collateral has the same value to our lenders as any other collateral on the platform, regardless of your credit score. Apart from having collateral to leverage, members need only pass AML/KYC verification and our internal eligibility and suitability screening during the application process.
Due to the nature of digital currency protocols, transactions cannot be canceled or altered after they have been initiated. Merchants can thus accept digital currency with confidence, knowing there is no chargeback threat. It also means users must be careful when they send funds, as transactions cannot be undone.
Withdrawals can take up to 48 business hours (5 business days) to be approved and sent. You’ll receive an automated email from the platform once the transaction has been completed. Please note that if you recently paid off your loan, please allow up to 5 business days (depending on payment method) for your final payment to be processed. Once your final payment is cleared and your loan is closed, your withdrawal request(s) will be included in the queue.
Unlike a margin account on an exchange, CRYZA loan proceeds can be used to purchase anything, not just additional tokens. With CRYZA, your collateral is held in a distributed manner, reducing counterparty risk. Our loan terms offer borrowers greater customization and flexibility than exchange margin accounts.
Yes! CRYZA users can have up to 7 accounts/loans (1 personal and 6 business) under a single registered email address.
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