You can borrow against Bitcoin without selling it, but there’s a catch
They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan.
Useful takeaways from this story.
They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan.
Bitcoin holders who need cash do not necessarily have to sell their BTC.
The complication is that the loan they want may exist on another network.
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The useful part
They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. Bitcoin holders who need cash do not necessarily have to sell their BTC. The complication is that the loan they want may exist on another network.
How it works
- The complication is that the loan they want may exist on another network.
Details worth keeping
Bitcoin holders who need cash do not necessarily have to sell their BTC. Many blockchain lending applications run on Ethereum, which keeps its […]
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