BlockFi clients use our services for anything from diversifying investments and paying down debt to buying a car or purchasing real estate — all without having to sell their crypto. Using your BTC, ETH, or LTC towards a collateralized loan with BlockFi is fast, secure, and easy.
Obviously, with smart contracts it is better to require digital collaterals that exist in the blockchain, so that the smart contract itself handles the ownership of these assets based on what was agreed in the contract. For example, BlockFi's crypto-loan service allows you to "borrow funds against your crypto assets so you can get a loan while continuing to hold." If you fail to pay them back, they keep your coins. Source: about 3 years ago
You can get a quick idea of loan rates and the collateral required for them on our website: https://blockfi.com/crypto-loans. Source: about 3 years ago
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