How does lending and borrowing crypto work?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, our lending and borrowing platform allows users to lend and borrow cryptocurrencies with ease. Lenders can earn interest on their lent assets, while borrowers can access the crypto assets they need by providing collateral. Our platform ensures secure transactions and competitive interest rates. When lending or borrowing crypto, it's important to consider factors such as the reputation of the platform, interest rates, and collateral requirements. Always do your own research and assess the risks before participating in lending or borrowing activities.
  565283