Post
Topic
Board Speculation
Re: get a loan and reinvest it
by
Febo
on 05/05/2021, 16:14:50 UTC
Hello. I see different platform like nexo, blockifi, etc... that can borrow you crypto or stablecoin. I'm here to ask if you have a strategy for example you borrow btc with an interest rate of 6% and then you use it on defi with 8% APR. Thanks for helpful. Cool Cool

Borrowing to invest in crypto is worst thing that you can do. You can get hacked and lose everything. But you will still have debt to repay. A lot things can happen then just coin price goes up or down. It is way to risky, please stay out of it.