How does a loan against crypto assets work?

3 answers

• May 18, 2022 · 3 years ago
  Sure! When you take out a loan against your crypto assets, you essentially use your digital assets as collateral for the loan. This means that if you fail to repay the loan, the lender has the right to sell your crypto assets to recover their funds. The loan amount you can get depends on the value of your crypto assets and the loan-to-value ratio set by the lender. It's important to note that the interest rates for crypto asset loans are typically higher than traditional loans due to the higher risk involved.
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• May 18, 2022 · 3 years ago
  Getting a loan against crypto assets is a convenient way to access liquidity without having to sell your digital assets. This can be especially useful if you believe that the value of your crypto assets will increase in the future. By using your crypto assets as collateral, you can unlock the value of your holdings without actually selling them. This can be particularly beneficial for long-term investors who want to hold onto their digital assets while still having access to funds when needed.
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• May 18, 2022 · 3 years ago
  At BYDFi, we offer loan services against crypto assets. With our platform, you can easily apply for a loan by providing the necessary information and collateral. Our team will evaluate your application and determine the loan amount and terms. Once approved, you'll receive the loan amount in your preferred currency. Repayment terms will be agreed upon, and you can repay the loan in installments. If you're interested in getting a loan against your crypto assets, feel free to reach out to us for more information!
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