Xapo Bank, a licensed bitcoin bank, now offers loans using your bitcoin as collateral! This means you can borrow money without selling your bitcoin. It's a new way for people to use their crypto assets.
- You can borrow up to $1,000,000.
- Loans are repaid in 30 days to 1 year.
- No penalties for early repayment.
- Xapo aims to offer safer loans compared to other platforms.
| Feature | Details |
|---|---|
| Maximum Loan | $1,000,000 |
| Loan-to-Value Ratio | 20-40% |
| Repayment Terms | 30 days to 1 year |
Bitcoin price changes could impact your loan, so be careful. Experts recommend being cautious when borrowing against crypto.
