Have you ever come across crypto loans? They're like borrowing money, but instead of traditional collateral, you use your cryptocurrency. While not widely discussed in web3 circles, they're catching the attention of major players.

With crypto loans, you can access cash without selling your digital assets, preserving your investments and sidestepping taxes. What's intriguing is that you're free to use the borrowed funds for anything—investing, covering expenses, or diversifying your crypto holdings. Plus, since these loans are backed by collateral, lenders face reduced risk, often offering better rates.

Now, how do crypto loans compare to DeFi loans? Let's delve into the differences.

Honestly, I prefer crypto loans to bank fiat loans because they let you borrow by collateralizing digital assets without selling and you can avoiding taxes as you've said . I recent saw an offer from Bitget with fixed rates, and we all know CEX loans have no gas fee like DeFi . And currently, Thier Apr looks good with pormos for USDT loans up to 1,000,000 USDT. You might want to check that if you genuinely prefer crypto loans.

I feel crypto loan is common to traders and traders usually take advantage it. I have on two occasions taking loan from Binance and multiple time on Bitget and tbh the convenience and accessibility in getting crypto loan makes it more preferred to loan from traditional banking system associated lots of paper work and bureaucratic bottle necks.