How to start lending Crypto and FIAT on the Bitlocus Platform?
Product

Last Updated: July 29, 2022

How to start lending Crypto and FIAT on the Bitlocus Platform?

This week, Bitlocus launched a new product feature - lending. We have prepared a step-by-step guide to explain the process.

1. Log in

First of all, you must log in to the Bitlocus Platform at app.bitlocus.com/login.

2. Deposit

Now, the lending process is possible in crypto and fiat currencies: a) DAI & USDC (Crypto), b) EUR (Fiat),
We will show how to deposit both.

a) DAI and/or USDC (Crypto)

Once you log into Bitlocus platform, you’ll be taken to the Balances tab. Please make sure that you enabled the ‘Show all assets’ function. 


Here you can deposit your DAI tokens by clicking the ‘Deposit’ button.


Make sure that you choose the asset you want to deposit (in our case, DAI) and the correct transfer method from a new menu that will appear. Our system will provide the deposit address to which you must send your tokens once you have successfully selected the asset and the method.


The same way applies to USDC, just change it from DAI to USDC.

b) EUR (Fiat)

Once you log into Bitlocus platform, you’ll be taken to the Balances tab. Find the ‘EUR’ option from the list and click on the ‘Deposit’ button.


Select payment method from the list, accept the Terms & Conditions and click ‘Proceed’


Now, put the information to your bank account and make the payment. The funds should reach you in a day.


3. Lend

Now that your USDC, DAI or EUR assets are in your Bitlocus portfolio, you’re ready to lend them on our platform. We will cover all lending options.

a) DAI and/or USDC (Crypto)

Click on the ‘DeFi Marketplace’ button.



Here you have to choose the ‘Lending’ tab and press the ‘Lend’ button.



A new menu will pop up on your screen, asking you to select the currency you want to invest in. Select DAI and continue by pressing ‘Proceed’.



Your next step is to select how many tokens you want to lend. Pick the amount and once again press ‘Proceed’.


Finally, the last step. Accept Terms & Conditions to proceed and press ‘Submit for lending’



The same way applies to USDC, just change it from DAI to USDC and follow the same steps.

a) EUR (Fiat)

Following the steps above, choose ‘EUR’ as a lending currency and click ‘Proceed’

Choose the lending amount and click ‘Proceed’


Now, confirm the exchange from EUR to DAI. Click on ’Confirm exchange’.


The last step is to submit your process. Click on “Submit for lending”


That’s it! Easy as that! You can check your order status by clicking on ‘View order status’

5. Kick back and relax - your tokens are working for you.

This step is the most important - just relax and earn money while chilling.