Post
Topic
Board Lending
Merits 1 from 1 user
Re: Why borrow here when you have a collateral?
by
suchmoon
on 24/12/2019, 23:41:14 UTC
⭐ Merited by Steamtyme (1)
Local lenders offer pretty cheap rates. Credit unions, etc.

Are there  advantages when it comes to loans here?

If you need a loan in fiat then you should not borrow here. It's very risky due to the volatility of exchange rates. But if you need e.g. some Bitcoins temporarily and you have some ETH that you don't want to sell right now - that's when you can use a collateral-backed loan here.