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Economics
Re: Bitcoin collateral loan under $1,000
by
ShadowBits
on
08/02/2019, 15:05:51 UTC
Quote from: crash123 on February 05, 2019, 12:20:31 AM
I would like to borrow ~$500 USD using my Bitcoin as collateral but can't find a company that will make a bitcoin collateral loan for less than $1,000.
https://blockfi.com/
minimum is $2,000
https://saltlending.com/
minimum is $5,000
https://www.unchained-capital.com/
minimum is $10,000
https://nexo.io/
minimum is $1,000
https://www.cryptocredex.com/
minimum $1,000 (website looks super sketchy)
Can anyone recommend a company that will lend only $500?
I don't think that it is a good thing to use Bitcoin as collateral because they cannot really know when the price of Bitcoin will become valuable.