Crypto Loans: How to Borrow Against Crypto

October 05, 2023

Here's a simple overview of how borrowing against crypto works and all the essential information you need to know:What Is A Crypto LoanA crypto loan, as the name suggests, is a secured personal loan backed by your crypto assets. Compared to other financing options like personal loans and credit cards, crypto loans generally offer lower interest rates. For example, some crypto loan lenders, such as SALT lending offer rates starting from APRs from 0.95%*Types of Crypto LoansThere are two primary types of crypto loans: Centralized Finance (CeFi) and Decentralized Finance (DeFi). DeFi loans typically come with higher interest rates compared to CeFi crypto loans and the well documented smart contract risk. Crypto Loans Pros and ConsWhen researching how to borrow against crypto, weigh the pros and cons.

The source of this news is from SALT