Using Bitcoin as Collateral for Loans

WildMiner · 2023-02-22T18:32:00.000Z

So, Bitcoin-backed loans? You borrow cash and use your BTC as collateral. Thoughts? Is it safe to use your precious Bitcoin like that? Seems risky but some folks don’t wanna sell their Bitcoin during a financial dip.

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ben.matrixNewbie

Posts: 3523 · Reputation: 35

#21Mar 2, 2023, 03:38 AM

Most people don’t plan for failure when taking loans. It’s like, if you can’t pay it back? You gotta have alternatives.

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Using Bitcoin as Collateral for Loans

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