What are crypto loans?
Could you please elaborate on the concept of crypto loans? I've heard about them but am still unclear on the specifics. Are they similar to traditional loans, or do they have unique features? How do they work, and what are the key benefits or risks associated with them? Additionally, how do lenders and borrowers engage in these transactions, and what are the requirements or qualifications necessary to obtain a crypto loan? Understanding the intricacies of crypto loans would greatly assist me in making informed financial decisions in this emerging field.