What's the story on #CryptoLoans. Here's a pro/con lesson from our blog page:. (1/4).
30 Oct 2023, 17:35
What's the story on #CryptoLoans? Here's a pro/con lesson from our blog page:
(1/4) 🧵
Borrowing against your crypto assets involves risks. For most borrowers, the pros outweigh the cons, especially if you repay the loan according to the lending…
Same news in other sources
230 Oct 2023, 17:38
(4/4) 🧵
Choosing a trustworthy lender can guarantee reasonable and transparent terms if you’re looking to take a #CryptoBackedLoan. So, spend time researching how to borrow against crypto and find the best lenders and terms.
Our site has plenty of details on SALT's…
(4/4).
(4/4) 🧵
Choosing a trustworthy lender can guarantee reasonable and transparent terms if you’re looking to take a #CryptoBackedLoan. So, spend time researching how to borrow against crypto and find the best lenders and terms.
Our site has plenty of details on SALT's…
30 Oct 2023, 17:36
(3/4) 🧵
CONS 👎
✅Price Drops: If the current value of your cryptocurrency drops, you’ll need additional crypto to cover the loan.
✅ Potential Liquidation: The lender may initiate partial liquidation of your crypto asset if you fail to make payment or default.
✅ Less…
(3/4). Price Drops: If the current value of your cryptocurrency drops, you'll need additional crypto to cover the loan.
(3/4) 🧵
CONS 👎
✅Price Drops: If the current value of your cryptocurrency drops, you’ll need additional crypto to cover the loan.
✅ Potential Liquidation: The lender may initiate partial liquidation of your crypto asset if you fail to make payment or default.
✅ Less…