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Have you looked into any of the lending platforms? These are pretty well controlled for. Crypto loans are typically collateralized, so that below a certain loan
by lowdest 4y ago
Have you looked into any of the lending platforms? These are pretty well controlled for. Crypto loans are typically collateralized, so that below a certain loan-to-value ratio, the collateral belongs to the loan provider and the borrower can keep what was borrowed. The exact rules vary place to place. It's a calculated risk that is competitive with other investments.
People borrow to avoid triggering capital gains, or to gain leverage or to short.