What are the benefits of using liquid loans in the crypto industry?

3 answers

• Dec 17, 2021 · 3 years ago
  Liquid loans provide a convenient way for individuals and businesses in the crypto industry to access funds without having to sell their digital assets. This allows them to maintain their crypto holdings and potentially benefit from future price appreciation. Additionally, liquid loans can be obtained quickly and with minimal paperwork, making them an attractive option for those in need of immediate liquidity.
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• Dec 17, 2021 · 3 years ago
  Using liquid loans in the crypto industry can also provide tax advantages. By borrowing against their crypto assets instead of selling them, individuals and businesses can potentially defer capital gains taxes. This can be especially beneficial for long-term investors who want to avoid triggering a taxable event while still accessing the value of their digital assets.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the importance of liquid loans in the crypto industry. These loans offer flexibility and convenience to our users, allowing them to leverage their crypto holdings without the need for selling. With BYDFi's liquid loan platform, users can easily borrow against their digital assets and access funds quickly. Our platform ensures a seamless borrowing experience with competitive interest rates and flexible repayment options.
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