Welcome to Debifi, where the phrase “Own your money” takes a new meaning. We’re a movement towards financial freedom and independence, leveraging Bitcoin as a super collateral. Our services are designed to let you “Never sell. Borrow,” ensuring you can leverage your Bitcoin holdings without parting with your assets.
As the leading platform in non-custodial, Bitcoin-backed lending, we’re here to guide you through every step of the borrowing process. Whether you’re new to Debifi or looking to deepen your understanding of our services, this guide will provide you with all the information you need to securely and efficiently use our platform.
How Debifi Works: From Escrow Creation to Loan Repayment
Escrow Creation
Taking out a loan with Debifi means your Bitcoin collateral is securely held in a ¾ multisig escrow, ensuring it remains dedicated solely to securing your loan. This approach provides a transparent and safe lending experience.
Loan Origination and Repayment
The Debifi App is at the heart of our secure loan origination process, facilitating a seamless signing process. When it’s time to repay your loan, the process is direct and transparent, with your Bitcoin collateral returned upon successful repayment.
How to Get Started with Debifi: Your 6-Step Guide to Borrowing
This step-by-step guide will walk you through the process of setting up your account and initiating your first loan, ensuring a smooth and secure experience.
Step 1: Download the App & Create Your Account
The first step to unlocking the power of Debifi is to download our app from debifi.com/app, currently only available for Android users. After installation, create an account using your email. This is crucial for establishing a secure foundation for your transactions on Debifi.
Key Point: Secure your account by setting up a strong PIN code and enabling Two-Factor Authentication (2FA), adding an extra layer of security to your account.
Step 2: Secure Your Account & Back Up Your Seed Phrase
Security is our top priority. Following your account creation, you’ll be prompted to secure your account with a PIN code and set up 2FA. Next, back up your 12-word seed phrase by writing it down on paper and storing it securely. This phrase is vital for account recovery and maintaining control over your funds.
Step 3: Link Your Device & Prepare for Web Interaction
With your account secured, the next step involves linking your device to your account with the 2FA code. This ensures a secure connection between the Debifi mobile app and our web platform, facilitating a seamless interaction with loan offers and account management.
Step 4: Navigate to Our Website & Explore Loan Offers
Once your device is linked, visit https://debifi.com/ to explore available loan offers. Our platform connects you with institutional-grade liquidity, offering a range of options to suit your needs.
Step 5: Initiate the Loan Process
After selecting a loan offer that meets your requirements, use the Debifi app to initiate the loan process. This involves signing the loan contract securely through the app, providing your public keys, and establishing a multisig escrow for your Bitcoin collateral, enhancing the security of your transaction.
Step 6: Deposit Collateral & Receive Your Funds
The final step is to deposit your Bitcoin collateral into the designated multisig escrow system. This action finalizes the loan transaction, ensuring your collateral is securely locked away. Upon confirmation of your deposit, the lender will disburse the loan amount to your specified address, completing the transaction and granting you access to the funds you need.
Debifi stands on the principles of security, transparency, and innovation. We are here to provide a unique lending experience. Navigate your financial path with confidence and insight.
Explore what Debifi has to offer. Download the Debifi app and look into our loan options, you’re not just taking steps towards financial flexibility; you’re also joining a community that values the principle of Bitcoin in shaping a more empowered future.
It’s about more than just loans; it’s about being part of a movement that prioritizes control over your assets and smart financial planning. At Debifi, we’re excited to support you as you explore the possibilities of Bitcoin-backed lending.
