Cryptocurrency Q&A
What is a BTC loan?
What is a BTC loan?
Eleonora
Tue Nov 26 2024
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7 answers
1713
I'm interested in understanding what a BTC loan is. I want to know the basics of it, like how it works, what are the terms involved, and maybe some of the common use cases or scenarios where people might consider taking out a BTC loan.
7 answers
Lorenzo
Thu Nov 28 2024
Additionally, interest must be paid on top of the principal amount.
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Tommaso
Thu Nov 28 2024
But also an additional 0.16 bitcoins as interest over the loan's duration.
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CryptoVeteran
Thu Nov 28 2024
Let's illustrate this with an example: if you borrow 1 bitcoin.
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CoinPrince
Thu Nov 28 2024
When a loan is issued in bitcoin, the repayment terms are specific and unyielding.
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RainbowlitDelight
Thu Nov 28 2024
And the loan is for a period of 2 years at an annual interest rate of 8%.
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