You can borrow against Bitcoin without selling it, but there’s a catch
Bitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network. Many blockchain lending applications run on Ethereum, which keeps its […] The post You can borrow against Bitcoin without selling it, but there’s a catch appeared first on CryptoSlate.
Key Takeaways
- Bitcoin holders who need cash do not necessarily have to sell their BTC.
- They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan.
- The complication is that the loan they want may exist on another network.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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