w Glaxo | FAQ

Frequently Asked Questions

What coins are accepted as collateral?

You can deposit the following crypto assets: BTC, BNA and ETH as collateral. Support for other major altcoins is coming later in 2021. We have more than 40 applications from companies who want their tokens to be added as collateral. We are very particular about who we work with and give priority to projects with integrity and a significant impact on the ecosystem as a whole.

Is my asset secured?

Your funds are secured at all times by asset-backed portfolios of overcollateralized loans. The collateral of each loan is subject to custodial insurance of $100 million provided by the world’s leading audited custodian BitGo and the insurance leader Lloyd’s of London.

How can I earn risk-free interest with Glaxo?

Glaxo offers you the ability to earn risk-free compounding and investment interest from 2% daily to 20% daily on your crypto Assets. You can also earn by staking GLAX Tokens.

Start Earning Interest in 3 Easy Steps:

  1. Open Your Account.
  2. Fund Your Glaxo Account using Bitcoin, Eth or Binace Coin.
  3. Buy A Plan And Start Earning High-Yielding Passive Income with 100% Asset-Backed Guarantee.
How to apply for a loan

Transfer your crypto assets to your Glaxo account and get an instant crypto loan (credit line), which you can immediately access.

Here are the simple steps:

  1. Sign up for your Glaxo account.
  2. Deposit your crypto assets. The platform only supports BTC, BNA and ETH crypto assets as collateral.
  3. Go to “Withdraw Loan” where you can submit a loan request.
  4. Enjoy spending your Glaxo Loan.
Is Glaxo interest rates 100% guaranteed?

Glaxo is the world’s largest and most trusted lending institution in the decentralized finance space and has already processed more than $700 million for 170,000 clients in 200+ countries. All funds that you put up with Glaxo go towards the financing of new overcollateralized loans with insured collateral. In simple terms - for every $1 we lend, we receive at least $4 in insured collateral, making your investments virtually risk-free.

What is the interest rate of my loan?

Annual Percentage Rate (APR) is 5.9% per year on what you use. Interest on invested asset is added to your outstanding balance daily at 00:00 CET.

What is the minimum and maximum loan amount I can borrow?

The minimum loan amount you can take/withdraw is $1000. The maximum loan amount is $2,000,000

What happens if I don’t repay my Glaxo loan?

As long as you maintain a balanced Loan-to-Value ratio or have an "Available Funds from Credit Line" with Glaxo, you don't need to make any repayments.

Am I eligible for a Glaxo loan?

As long as you are registered and have added money to your account, you are eligible for a loan. Deposit your collateral into the Glaxo account you will receive a credit line immediately. There are no credit checks. We accept loan requests globally.

Why choose Glaxo?
  1. Glaxo has an award-winning team whose business has continuously been audited.
  2. 100% automated platform. Deposit your assets, withdraw loans, and repay them on your own.
  3. You are in full control. You can repay your loan at any time. You can repay it in crypto ethrum.
  4. $100,000,000.00 insurance. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd's, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here and here).
  5. Truly a global platform. You can withdraw an instant loan to bitcoin wallet.
  6. You can invest your assets and earn up to 20% on daily profits.
  7. The Glaxo Advisory Board includes prominent industry experts such as the founders and Team.
  8. Live Automated Platform. Glaxo has a fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption.
  9. Insured custodian. Glaxo partners withto secure all crypto assets. BitGo investors include Goldman Sachs and the platform is SOC 2 Type 2 certified. BitGo Custody carries $100 million USD in insurance protections.
  10. Thousands of happy Glaxo customers - read some of their testimonials on TRUST PILOT(Trust Pilot) or FACEBOOK(Facebook)
How is my data protected?

Glaxo system do not ask for personal information from our clients. Email provided during registeration are used as contact method to reach you.

Is Glaxo System Registered?

Glaxo system LTD is licenced and registered in London, UK with the Company registration number "13412555" VIEW LICENCE(Link to PDF).

Is Glaxo System Activities Legal?

Absolutely. We fully meet all the UK law obligations regarding compliance with commercial deals and tax payment.

Can anyone visit the Glaxo Office in London?

As it was pointed out on several occasions, the company's office is directly designed for performing tasks related to our business. At the moment due to the pandemic, we do not have a staff who can work immediately with clients as we all work from home.

How long does it take to process my withdrawals?

Withdrawals takes from 1 hour to 48hours to process.. We do not process withdrawals on weekends.

How long Glaxo System Established?

Answer: The final establishment of the company's modern business wаs completed in 2021.

My Question Is Not Answered Here,

Can't find your question here? Glaxo customer support is online 24/7 to help with your needs. Please feel free to contact us via our email; support@glaxo.io or chat with a live representative.