Community Discussions
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How do you choose the best crypto loan platform?
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Hello everyone! Have a quick question
I’ve tried crypto loans a few times, and with so many platforms available, choosing the right one can be overwhelming. Recently, I came across some useful insights on what to consider when picking a lending platform:
- Interest rates – Comparing rates helps find the best deal.
- Loan terms – Flexible repayment schedules matter.
- Collateral requirements – Some platforms require high over-collateralization.
- Customer support – Quick response times can be crucial.
- Reputation – Well-established platforms feel safer.
Curious to hear from others—what factors do you consider most important when choosing a platform for crypto loans?
Top Comment: As a lender only - only safety of the platform. I stick to Aave, and if I want better APY, i just look for the chain having the best stablecoin yield APY.
Genesis Global Trading's Crypto Lending Arm Halts Withdrawals, $2.8B in Active Loans : CryptoCurrency
Main Post: Genesis Global Trading's Crypto Lending Arm Halts Withdrawals, $2.8B in Active Loans : CryptoCurrency
Polyamory, penthouses and plenty of loans: inside the crazy world of FTX
Main Post: Polyamory, penthouses and plenty of loans: inside the crazy world of FTX
Top Comment:
West world without robots I guess. Also a lot more ugly.
The first crypto based mortgages & home loans just hit the market!
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BankSocial just released the first ever crypto based mortgages (US), home and hard money loans (worldwide)!
They are really interesting products, among them one where you can get a home loan and keep your crypto.
Check out the loans and let's talk in the comments:
- Do you think a home loan (where you can keep your crypto and buy a house) will be welcomed or largely ignored by current holders?
- Do you think blockchain based mortgages and hard money loans have a future in general or not?
- What do you think of the planned ecosystem (read below of what's to come)
More in the works, the entire ecosystem (rest soon to be released) will contain:
- Staking into the social liquidity pool (SLP) for the profits
- CeX
- Mastercards with rewards
- Interest bearing FIAT debit accounts: Yes, basically a bank account that actually pays YOU an interest for keeping your money there... Like it should be. And like it have been completely normal... A few decades ago.
- Fiat on and offramp for the token (BSL)
- And more...
The token itself:
- Is available on erc and bsc chains, with the same token address.
- Has an anti-scam measure built in, meaning if you lose your tokens, the team can get them back (and have demonstrated doing so in several occasions when someone got scammed)
- Is a relatively new, 9 months old project, who did zero marketing so far, because they didn't want to get a pump&dump (and marketing before utility always results in quick pump&dumps), so they are kind of the best kept secret in crypto, with a super low mc for now.
DYOR links:
https://twitter.com/BANKSOCIALio/status/1494642979797143684https://www.todayinbanking.com/article/563373526-banksocial-introduces-blockchain-based-home-loanshttps://www.banksocial.io/ (check out the products tab)https://www.banksocial.io/personal/crypto-home-loanshttps://www.banksocial.io/business/crypto-hard-money-loanhttps://www.banksocial.io/licenses-registrationshttps://www.banksocial.io/bsl-token-infohttps://my.banksocial.io (This is NOT LIVE, this is just a demo to show you what's coming soon. I think the live version will come within weeks, but that's just a personal guess, as a simple holder, I don't have exact release date information.)https://www.dextools.io/app/ether/pair-explorer/0xec5409816efe7151b809c1214b4780131d5f251bhttps://www.dextools.io/app/bsc/pair-explorer/0x10a4d4d435cbba8e85a506ae6b1f116098ddb849https://coinmarketcap.com/currencies/banksocial/ (Ignore the price here, low volume CeX-es mess it up completely, absolutely unreliable)To apply for a loan: https://loans.banksocial.io/
FYI: I'm not part of the team! I'm just an investor (not even a whale) who has been following the project from day one.
Top Comment:
Idk if this is good or bad news...
Flash loans + Arbitrage
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Howdy!
I've been going down the flash loan rabbit hole and have a few questions:
- They seem too good to be true, on paper. What's the catch? Why aren't more people taking advantage?
- Can they be deployed on Polygon?
- Anyone have any good tutorials for them? Specifically hooking them up to an arbitrage bot so you can take advantage of arbitrage quickly? I've seen a few (incl. Patdick Collins) but they mainly focus on the flash loan only.
- Anyone use Furucombo successfully? Any tips/tricks?
Thanks!! :)
Top Comment:
I assume because most people don’t want to be glory holed when a stretch of volatility comes and kills your margins.
Crypto Loans
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So I've been invested for quite some time and made some nice profits. However, I never converted to fiat to avoid taxes. I plan to travel a bit and thought about using some of my profits to do so, but I'd like to avoid selling my crypto. What options do I have to make use of my money without selling? Is a crypto loan my best option and where can I get one? Are crypto loans regulated on a national Level?
Top Comment: Regulation depends on your citizenship/residency, but usually no tax on loans. Crypto loans are definitely useful, I used decentralized (e.g. aave) and centralized (basically any major exchange) options. Be aware that rates will fluctuate and keep LTV at 50-70% at most to avoid liquidation.
Can anyone shed some light on Crypto-Backed Lending ?
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Hey everyone,
I’ve been diving into the world of crypto lending and wanted to see if anyone here has experience with using Bitcoin or other cryptocurrencies as collateral to get a loan in the U.S. Essentially, I’m looking for a way to leverage my crypto holdings without having to sell them—keeping the upside potential intact while still accessing cash when needed.
For those of you who’ve gone through the process or know about it: 1. How does it work in practice? Are there specific platforms you’ve used, and how smooth was the process? 2. What are the major drawbacks? From my limited research, it seems like risks could include high interest rates, potential liquidation if the value of your collateral drops, and maybe limited options compared to traditional loans. Am I missing anything? 3. What could be improved about crypto-collateralized loans? For example, are there things like better LTV (loan-to-value) ratios, lower rates, or more flexible repayment terms you’d like to see in the space?
I feel like this is such an innovative concept, but I’m curious how it stacks up against more traditional forms of borrowing in terms of convenience, cost, and risk.
I’d love to hear your input, especially if you’ve borrowed against your crypto or looked into doing so! What was your experience like, and would you recommend it?
Thanks in advance!
Top Comment: What you are missing is that you are GIVING your coins to the company that is facilitating the lending. If they go busto so do you and they keep your coins because they own them. Look up Block-Fi, Celsius, Voyager as a small example of crypto lending companies that went bankrupt and took all their customers down with them.
BTC backed loans - Platforms?
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What are good options of non-custodial platforms for borrowing against bitcoin?
I came across Firefish and there's an explanation on their website about their protocol (using multisig escrow etc etc). How can I verify that it's safe for use?
There's Hodl Hodl as well. Anyone had experience using any of these or other platforms?
Top Comment: Strike
What's a good rule of thumb for crypto loans?
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As I've recently learned, you can loan USDC by using your crypto as collateral. I'd like to ask the veterans pf this subreddit on what percentage of your collateral do you loan? Is 40% of your total collateral (in this case WBTC), safe or is it too risky?
I'm planning on buying property with the loaned USDC and I wont be using it to buy more WBTC for a compounding effect.
Advanced thanks for all your insights!
Top Comment: My rule of thumb is to never use the borrowed money in a way that isnt instantly accessible to repay the loan in case the collateral crashes. Arbitraging, LPing stable pairs, etc. But buying illiquid assets like real estate? Thats not just borrowing anymore, that turns it into leverage. I keep my LTV for btc/eth at 80%, to answer succinctly, but thats because I can pay it back in 1 minute's notice and have a contract set up to sell very small amounts of my collateral to repay the loans in case of an overnight crash. YMMV, but if using the loan for an illuquid asset, an 80% LTV is pretty much gauranteed liquidation.
What's your experience with the crypto-backed loan feature?
Main Post: What's your experience with the crypto-backed loan feature?
Top Comment: I used Coinbase Borrow with half my BTC stack as collateral. It was super simple - did it all in the app in under 5 minutes. Got 50% LTV in USDC. Transferred the USDC to my bank. Then I invested the USD into multiple dividend paying ETFs, many of them tied to BTC. I can monitor my loan in the app and add more collateral or borrow more USDC any time I want. The loan has no payback date so the interest just accrues on the loan monthly. Interest rate is sub 6% which is half of traditional BTC lenders like Ledn. Looks like Coinbase added a much simpler UX on top of the Morphos DeFi lending platform is all. Really no complaints so far. Only mild anxiety that Coinbase rugs me, but at least I got some of their money in hand.