BorrowOnBitcoin on Nostr: Three things worth checking before you sign anything on a bitcoin-backed loan: Who ...
Three things worth checking before you sign anything on a bitcoin-backed loan:
Who actually holds your bitcoin. The lender, or a qualified custodian. Those are very different answers.
Whether they can rehypothecate. Meaning: can they lend out your collateral while it's sitting there. Often yes. Often buried in the terms.
At what LTV you get margin-called, and at what LTV they sell. Read both numbers. Know the gap.
Rates are easy to compare. These three are where people get hurt.
Published at
2026-05-21 13:00:10 UTCEvent JSON
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