Can I use BlockFi's million credit facility to borrow against my cryptocurrency holdings?

3 answers

• anouar marwaAug 19, 2020 · 5 years ago
  Yes, BlockFi offers a credit facility that allows you to borrow against your cryptocurrency holdings. This means you can use your crypto assets as collateral to secure a loan from BlockFi. The credit facility provides you with access to funds without having to sell your crypto holdings, allowing you to benefit from potential price appreciation while still accessing liquidity. It's a convenient option for individuals who want to unlock the value of their crypto assets without losing ownership.
  497

  249
• GauravB007Dec 14, 2023 · 2 years ago
  Definitely! BlockFi's credit facility is a great way to leverage your cryptocurrency holdings. By using your crypto as collateral, you can access funds without selling your assets. This is especially useful if you believe the value of your crypto will increase in the future. With BlockFi's credit facility, you can borrow against your holdings and still participate in the potential upside of the market. It's a win-win situation!
  431

  144
• Alvaro VidalSep 02, 2021 · 4 years ago
  Yes, you can use BlockFi's million credit facility to borrow against your cryptocurrency holdings. By collateralizing your crypto assets, you can access funds while still maintaining ownership of your cryptocurrencies. BlockFi offers competitive interest rates and flexible repayment terms, making it an attractive option for individuals looking to unlock the value of their crypto holdings. Keep in mind that the loan amount will depend on the value of your collateral and BlockFi's loan-to-value ratio.
  504

  126