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21 sats \ 1 reply \ @Bitcoiner1 4h \ on: Experience with Bitcoin-backed fiat loans bitcoin
If you need cash the cheapest place to ask for a loan is your everyday bank. I've a friend who got a loan a couple of weeks ago, 5,58% for 72 months. No collateral needed.
If you can't get a loan and need to use your BTC as collateral, there are some options:
- Lend by Hodlhodl: max amount $25.000. max duration 1 year. APR 17% (aprox), no KYC.
- Ledn: no max amount. Max duration 1 year. APR 14%. KYC.
- Fire fish: not sure about the conditions.
My piece of advice, have at least 4 times the collateral needed.
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