Martino
Wed Jul 10 2024
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7 answers
1497
How do I get a cash loan with crypto collateral?
Can you elaborate on the process of obtaining a cash loan with cryptocurrency as collateral? I'm interested in understanding the steps involved, starting from identifying suitable lending platforms that accept crypto assets. What types of cryptocurrencies are typically accepted as collateral? Are there any specific requirements for the crypto holdings, such as a minimum value or duration of ownership? Also, how does the interest rate and repayment terms vary compared to traditional loans? And finally, are there any risks associated with this type of lending that borrowers should be aware of?
