A Deep Dive into Bitcoin Lending, its Interest Rates, and Evaluation of 5 Key Players

Written by julianhosp | Published 2020/05/04
Tech Story Tags: bitcoin | lending | blockchain | bitcoin-spotlight | defi | what-is-bitcoin-lending | can-i-borrow-bitcoin | hackernoon-top-story

TLDR Bitcoin Lending is a great way for investors, miners, hedge funds and people who don’t have a bank account to improve their finances by earning interest on their own Bitcoin holdings. The best thing to look for, is a platform that is completely transparent about how the return is generated and what costs or fees are incurred by the lender. The people who borrow the Bitcoins from you usually use them on crypto exchanges as collateral when trading. So they do not trade your borrowed Bitcoins directly, but rather use them as a so-called hedge when shorting or selling options.via the TL;DR App

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Written by julianhosp | Co-Founder CakeDeFi & I-Unlimited, Bestselling Author, Keynote Speaker, Medical Doctor, Athlete
Published by HackerNoon on 2020/05/04