Which cryptocurrencies can I use as collateral for a BlockFi loan?

3 answers

• Shubham MahulkarSep 13, 2023 · 2 years ago
  Sure! BlockFi accepts several cryptocurrencies as collateral for their loans. Some of the popular ones include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Chainlink (LINK). These cryptocurrencies have a high market value and are widely accepted in the crypto community. By using them as collateral, you can secure a loan with BlockFi and still hold onto your crypto assets. It's a great way to access liquidity without selling your cryptocurrencies.
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• herewebitcoinOct 07, 2022 · 3 years ago
  Absolutely! BlockFi allows you to use a variety of cryptocurrencies as collateral for their loans. This includes popular options like Bitcoin, Ethereum, Litecoin, and Chainlink. By using these cryptocurrencies as collateral, you can unlock the value of your holdings without having to sell them. It's a convenient way to access funds while still maintaining ownership of your digital assets. Just make sure to check the specific loan-to-value ratio and terms for each cryptocurrency before applying for a loan with BlockFi.
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• cmmattinglyJul 19, 2024 · a year ago
  Yes, you can use a range of cryptocurrencies as collateral for a BlockFi loan. Bitcoin, Ethereum, Litecoin, and Chainlink are among the supported cryptocurrencies. These are well-established and widely recognized in the crypto space, making them ideal choices for collateral. However, keep in mind that the loan-to-value ratio may vary for each cryptocurrency, so it's important to review the terms and conditions provided by BlockFi. Additionally, it's always a good idea to consider the potential risks and benefits before using your crypto as collateral for a loan.
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