Crypto Loans Unlock Cash, but They Carry Risks – Chanell Alexander

Like a house, car or other investment, your cryptocurrency can serve as collateral for crypto loans, which are loans that can have low interest rates, same-day funding and no credit check. The downside? If your crypto’s value falls, you may need to pledge more crypto. “That is going to be the main disadvantage of crypto,”…

Chanell Alexander writes for NerdWallet. Email: calexander@nerdwallet.com.

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