Have you seen loans and credit facilities offered in Bitcoin?

[Potuse]

A lot of people have talked about the loans and credit facilities that are offered in Bitcoin but I have not come across any because it will be a great privilege to take advantage of such opportunity . It's s another way to invest in Bitcoin as well.

 

[Planbizzle]

There is no concrete proof that loans or other credit products are presently being specifically offered in Bitcoin. However, there are mentions of cryptocurrencies, such as Bitcoin and other cryptocurrencies, as well as virtual money and crypto loans.

 

[Nomad]

There are a lot of companies that offer Bitcoin loan facilities. In order to avail of this facility, you need to fund your account with crypto assets and use your crypto as collateral. You can try Nexo.io. Even the Binance exchange provides Bitcoin loan facility.

 

[Heatman]

Getting loans is something that I have never done in my life and that is the reason why I've never been interested in exploring any kind of option that have to do with getting any kind of financial loan. I don't care whether it is cash money loans or other categories like cryptocurrency, I'm never interested in doing any one of them. I think I've seen something about Binance loan but I never looked into it.

 

[Nomad]

Getting loans is something that I have never done in my life and that is the reason why I've never been interested in exploring any kind of option that have to do with getting any kind of financial loan. I don't care whether it is cash money loans or other categories like cryptocurrency, I'm never interested in doing any one of them. I think I've seen something about Binance loan but I never looked into it.

I have also never accessed loan facilities using crypto, however, I use multiple platforms where I can get Bitcoin or any other crypto loan by using my crypto assets as collateral. Sometimes when you need money immediately but do not want to sell your coins, getting a loan and the paying back in time can help you avoid selling your assets.

 

[Timgab]

Access to crypto loan facilities is something I have never Encountered. Even with that, Ideally I don't promote the idea of loans. Not my thing sha. But that is cool for various variety of people also in relative to the task they need to do that requires them getting loans up to crypto zone.

 

[Heatman]

I have also never accessed loan facilities using crypto, however, I use multiple platforms where I can get Bitcoin or any other crypto loan by using my crypto assets as collateral. Sometimes when you need money immediately but do not want to sell your coins, getting a loan and the paying back in time can help you avoid selling your assets.

Binance offers something like this if I remember correctly and I think those who know how to go about it always make use of it to get the crypto that they want for whatever reason they needed it for and pay it back when it is time. I don't have any interest in doing it but I'm never against anyone who is doing it as long as they know what they're doing.

 

[Nomad]

Yes, Binance offers crypto loan facilities. You will have to use crypto as collateral. They have flexible repayment terms. However, just like you I have no interest in borrowing cryptro loan. If I need to money, I will consider selling off my crypto assets instead of getting a loan.

 

[Heatman]

Yes, Binance offers crypto loan facilities. You will have to use crypto as collateral. They have flexible repayment terms. However, just like you I have no interest in borrowing cryptro loan. If I need to money, I will consider selling off my crypto assets instead of getting a loan.

The first time I heard about being about to get cryptocurrency loan from Binance, I was a bit skeptical how they would do it in order to make sure borrowers doesn't default. I had to conclude that they will definitely leave some sort of collateral in order for that to work.