Cryptocurrency Q&A
How much can you borrow from Bitcoin?
How much can you borrow from Bitcoin?
Lorenzo
Tue Dec 17 2024
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5 answers
1255
I want to know the maximum amount of money I can borrow using Bitcoin as collateral or through some lending platform that accepts Bitcoin. Is there a limit to how much I can borrow based on my Bitcoin holdings?
5 answers
JejuSunshine
Thu Dec 19 2024
This ratio determines the percentage of your Bitcoin's value that you can borrow.
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Ilaria
Thu Dec 19 2024
For instance, if the platform offers an LTV ratio of 50%, it means you can borrow up to half the value of your Bitcoin.
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Caterina
Thu Dec 19 2024
To borrow a certain amount, you will need to deposit double that amount in Bitcoin, as the platform only lends out half of the deposited value.
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ethan_thompson_psychologist
Thu Dec 19 2024
The deposit requirement for Bitcoin varies based on the loan-to-value (LTV) ratio provided by the platform.
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CryptoAlly
Thu Dec 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
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