Getting a Crypto Loan in Bitcoin, Ethereum, and More
Getting a Crypto Loan in Bitcoin, Ethereum, and More A crypto loan is a type of loan where borrowers use cryptocurrency assets as collateral. Collateral is any asset that borrowers pledge for their chosen lender to approve the loan. Collateral is a vital part of the loan process as it reduces the level of risk borne by lenders. For instance, if a borrower fails to repay their loan, then lenders can offset these losses by seizing the borrower’s collateral. Collateral…