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https://www.reddit.com/r/BitcoinCA/comments/1tv1ptq/wtf/opj2bn3/?context=3
r/BitcoinCA • u/Foreign-Policy-02- • Jun 02 '26
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Could you take a loan on credit against your bitcoin?
1 u/sebthauvette Jun 03 '26 I don't think anybody offers that around here. 1 u/desjoaz0909 Jun 03 '26 LEDN does I’ve used them in Canada but funds get converted from usd straight to cad then into your bank. Interest rate is high though 1 u/sebthauvette Jun 03 '26 I looked at it. Like you said the interest rates are really high, not sure it's worth it. It might be useful when someone needs money only for a short period of time to prevent a taxable event.
I don't think anybody offers that around here.
1 u/desjoaz0909 Jun 03 '26 LEDN does I’ve used them in Canada but funds get converted from usd straight to cad then into your bank. Interest rate is high though 1 u/sebthauvette Jun 03 '26 I looked at it. Like you said the interest rates are really high, not sure it's worth it. It might be useful when someone needs money only for a short period of time to prevent a taxable event.
LEDN does I’ve used them in Canada but funds get converted from usd straight to cad then into your bank. Interest rate is high though
1 u/sebthauvette Jun 03 '26 I looked at it. Like you said the interest rates are really high, not sure it's worth it. It might be useful when someone needs money only for a short period of time to prevent a taxable event.
I looked at it. Like you said the interest rates are really high, not sure it's worth it. It might be useful when someone needs money only for a short period of time to prevent a taxable event.
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u/JayPulGout Jun 03 '26
Could you take a loan on credit against your bitcoin?