How does being a creditor in the cryptocurrency market work?

1 answers

• Akash M.VMay 08, 2022 · 3 years ago
  At BYDFi, we offer a lending program where you can become a creditor in the cryptocurrency market. It's a simple process - you deposit your digital assets into our lending pool, and we lend them out to traders who need funds. In return, you receive interest payments on a regular basis. It's a great way to earn passive income with your cryptocurrencies. However, like any investment, there are risks involved. The borrower may default on their loan, or the value of your assets may decrease. That's why it's important to carefully consider the risks and choose a lending platform that has a strong track record and security measures in place.
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