How to Buy Proton Loan Crypto (LOAN)

What is Proton Loan (LOAN)?

According to Coingecko, Proton Loan is : "Proton Loan is a new decentralized lending market built on the Proton blockchain. Utilizing the cross-chain capabilities of Proton wrapped xTokens, Proton Loan makes it possible to deposit cryptocurrency into lending pools to earn interest, and to take collateralized loans from cryptocurrency pools. With support for BTC, ETH, USDC, DOGE, XPR and XMT, and with zero gas fees on the Proton blockchain, Proton Loan ensures DeFi lending remains accessible and affordable. Proton Loan opens up a new possibility for borrowing and lending against multiple blockchains that were not previously accessible on Ethereum or other blockchain protocols. By using a system of smart contracts powered by the Proton blockchain, users can request and fulfill loans using cryptocurrency without the need for a central mediator and without regard for the parent blockchain protocol of the requested asset. The LOAN token will be used to vote on governance decisions for the Proton Loan platform, such as which tokens can be collateralized on the protocol to borrow and lend, as well as the interest rate curves for borrowing. "

Where can I buy LOAN Crypto?

The best website to buy Proton Loan is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Proton Loan on Simpleswap

To buy Proton Loan on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select LOAN, just like in this example:

Once you selected the currency you want to pay in, and LOAN, you need to paste your respective wallet address where you want to receive your LOAN.

With Simpleswap, you'll receive your Proton Loan directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.