Crypto lending is a decentralized finance service that allows investors to lend out their crypto holdings to borrowers. Lenders then receive regular crypto interest, similar to interest payments earned in a traditional savings account. Loan crypto You deposit your crypto in the platform’s wallet, and the platform lends it out to borrowers, which could include individuals and institutions. The platform decides the crypto interest rate, crypto collateral requirements, and other aspects of the Bitcoin loan agreement. The borrowers pay the platform interest, which is then distributed among the lenders by the platform.
Don’t sell your crypto Follow us on Twitter If you’re considering a crypto loan, it’s important to understand how crypto lending works, the types of crypto loans available and what crypto loan is best suited for your needs. In many cases, a personal loan may be a better option.