Crypto Loans on Binance - The Easiest Way to Cash in your crypto gains

[@whitelfc]

Thank you very much for this helpful video! :)

[@mumo]

Thanks for taking the time to watch Kevin.

[@geoffreykipngetich4268]

But what's the benefit of taking a loan and locking your collateral? It makes no sense at all🤔

[@mumo]

Crypto loans are the easiest way to get liquidity on your crypto, especially in times when you have made a gain on their dollar value. They work well in a bull market, because you will only pay the dollar value of the loan and can still be left with quite a significant portion of your holdings, still. Plus in places where crypto gains are taxed, this is how to reduce or eliminate the tax burden.

[@raerodney65]

Very nice presentation

[@mumo]

Thank you! Cheers!

[@marynjuguna9434]

How do I withdraw the crypto loan into fiat currency

[@mumo]

kzbin.info/www/bejne/qIO5nWibnKyHfpY&ab_channel=Mumo You can find more info in these videos.

[@marynjuguna9434]

Can I borrow loan to buy crypto?

[@mumo]

Yes you can.

[@theultimateanalyst]

Can you use the collateral to trade. If you are unable to repay the loan will you loose the whole usdt used as collateral

[@mumo]

The collateral is locked and cant be used to trade. If you fail to pay the loan back, the correspondent value will be deducted from the collateral placed.