How to borrow money against Bitcoin?

Once your account is established, the next step is to verify your crypto holdings. This typically involves linking your crypto wallet or providing access to your digital assets so that the lender can assess the value of your collateral.

Identity verification is also crucial for borrowing against crypto. This process usually involves uploading government-issued identification documents, such as a passport or driver's license, to ensure that you are a legitimate borrower.

With your crypto holdings and identity verified, you can now select the desired loan amount. This decision should be based on the value of your collateral and your preferred repayment term. It's important to choose a loan amount that you are comfortable repaying within the agreed-upon timeframe.

To borrow against crypto, the initial step is to create an account with a lending platform of your choice. This involves providing necessary personal information and setting up a secure profile.

After determining the loan amount, you can proceed to submit your loan application. This step usually involves filling out a form with additional details about your loan request, such as the specific crypto you plan to use as collateral and the desired loan duration.