PARAGRAPHThe good news is that it is possible to use your cryptocurrency such as Bitcoin as a deposit for a. Using Bitcoin as a deposit need for a crypto mortgage.
If the value of your crypto drops significantly, you may not have enough collateral, and you will be subject to the equivalent of a margin call. For instance, Milo holds deposits securely using Coinbase and Gemini. Crypto lending is the process of depositing cryptocurrency that is lent out to borrowers in return for regular interest payments. Another advantage of crypto for mortgages approach is that a financial institution will have alternatives other than foreclosure if a borrower defaults on payments. Cryptocurrency lending platforms offer opportunities for investors to borrow against deposited crypto assets and the ability to lend out crypto to earn interest in the form of crypto rewards.
