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To summarize, the main problem with decentralized loans is how to process a default without introducing easily as we discussed, using excess collateral is a natural approach—and it works rather.
The borrower needs to return the original borrowed amount + a small fee (0.09% currently). Fiat loans with crypto collateral. The loan procedure is as simple as possible. I hope now you are clear and would like to ponder upon this idea of not selling your crypto holdings and instead collateralize it to get instant loans. Get loans in eur, usd, chf and gbp and withdraw instantly to credit card and personal banks. To summarize, the main problem with decentralized loans is how to process a default without introducing easily as we discussed, using excess collateral is a natural approach—and it works rather. If the collateral == value of the loan then what's the point in taking out a loan? Get instant crypto and cash loans as well in eur, usd, usdt, or in btc depending on your collateral. Put crypto down as collateral and borrow fiat. This fee is then split between the platform and lenders. But still, there is some website that claims that you can get a crypto loan without collateral and can get bitcoin loan fast but this website is either scam or misleading you. Traders often miss opportunities to take advantage of price divides across platforms. Get a crypto loan from the platform that gives you the most.
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Other lenders give fast, instant bitcoin loans while others give bitcoin micro.
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