Which cryptocurrencies can I use as collateral for loans on BlockFi?
Reina BaginaDec 18, 2021 · 3 years ago3 answers
I'm interested in using my cryptocurrencies as collateral for loans on BlockFi. Can you tell me which cryptocurrencies are accepted as collateral on the platform?
3 answers
- Dec 18, 2021 · 3 years agoSure! BlockFi accepts a variety of cryptocurrencies as collateral for loans. Some of the popular cryptocurrencies that you can use as collateral include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Chainlink (LINK). These cryptocurrencies have high liquidity and are widely accepted in the market, making them suitable for collateralizing loans on BlockFi.
- Dec 18, 2021 · 3 years agoAbsolutely! BlockFi allows you to use several cryptocurrencies as collateral for loans. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Chainlink (LINK). By using these cryptocurrencies as collateral, you can unlock the value of your digital assets while still holding onto them. It's a convenient way to access liquidity without selling your cryptocurrencies.
- Dec 18, 2021 · 3 years agoYou're in luck! BlockFi accepts a range of cryptocurrencies as collateral for loans. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Chainlink (LINK) are among the cryptocurrencies that you can use as collateral. By using these cryptocurrencies as collateral, you can secure a loan while still benefiting from any potential price appreciation. It's a win-win situation!
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