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Crypto loans are generally cheaper than traditional personal loans and credit cards and obviously require no credit checks. That to me is where it all stops. Th
by sakopov 5y ago
Crypto loans are generally cheaper than traditional personal loans and credit cards and obviously require no credit checks. That to me is where it all stops. The volatility makes borrowing crazy scary to me. Getting margin-called when the market tanks and having a couple of days to prop up your original collateral is not for the faint of heart. With that said, this doesn't seem to deter some. I know some folks who borrowed against their crypto to fund certain investments with recurring revenue which end up paying for the loan.