Have you ever taken the crypto loans?

[Stardom22]

I have seen that most of the centralised exchanges give loans to the users depending on the crypto holdings as the collateral. So did you manage to withdraw the credit to your bank account?

 

[Suba]

I have never taken a crypto loan but instead I gave my crypto to be borrowed by activating the Earn feature on crypto exchanges as well as on the Uphold wallet.

 

[eLdavis]

I have always tried to avoid the regular loan, so I doubt I would want to give the crypto loan an option.

 

[Stardom22]

I think the crypto loan is not ideal for me too. I have realized that they give a very small amounts of money in terms of the crypto that couldn't do anything for that matter.

 

[Nomad]

I have started using crypto loan to invest in crypto. I m paying 6 percent interest on average and hopefully I will earn better with my investment

 

[Stardom22]

What exchange did you used to take the loans from. I have seen the Binance loans not that appealing to me.

I have started using crypto loan to invest in crypto. I m paying 6 percent interest on average and hopefully I will earn better with my investment

 

[Fidelia]

I have started using crypto loan to invest in crypto. I m paying 6 percent interest on average and hopefully I will earn better with my investment

How do these loans handle liquidity when the prices of crypto crashes massively? I don't seem to understand the crypto loan thing.

 

[riberet19]

I have never taken any loan, not in fiat money, much less in cryptocurrencies.