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Borrow USD With BTC As Collateral - Business - Nairaland

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Borrow USD With BTC As Collateral by winny4u: 2:37pm On Apr 30, 2020
Blockchain.com is the most trusted and fastest growing crypto wallet,

Blockchain.com gives users the ability to borrow USD (more currencies to come) whenever they want, using bitcoin as collateral.

To Start Borrowing:
All you need to start borrowing is to be Gold verified in the Blockchain.com Wallet

NOTE: users in the United States, Canada, and the United Kingdom are not eligible for loans at this time.

Go to the Borrow section of your Wallet and input the amount of USD you want to borrow. The maximum amount you can borrow is based on your available collateral (your BTC balance) There are no limits on the term length of your borrow,

NOTE: if you close your loan after less than 30 days, a month’s worth of interest will be deducted from your collateral balance.

Interest:
The interest rate for your loan will be given in the loan creation form.

Collateral:
At this time, Blockchain.com only accept collateral in bitcoin (BTC),

https://kryptolink..com/2020/04/you-can-know-borrow-usd-with-btc-as.html?m=1

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