Imagine a bank, but for Bitcoin! Onramp, a company that helps big investors use Bitcoin, is now letting people borrow money using their Bitcoin as a guarantee. This is like getting a loan, but instead of your house or car, your Bitcoin is the security.
- You can borrow up to half the value of your Bitcoin.
- Your Bitcoin is kept super safe and separate from everyone else's.
- The loan is for two years, and you can borrow more later.
| Feature | Detail |
|---|---|
| Loan-to-Value (LTV) | Up to 50% |
| Loan Term | 2 years |
| Early Repayment Penalty | None |
This is exciting news for people who own Bitcoin and want to use some of its value without selling it. It's all about making Bitcoin easier and safer to use.
