Can I borrow digital currencies on Coinbase without collateral?

3 answers

• Jan 13, 2022 · 3 years ago
  No, currently Coinbase does not offer a borrowing service for digital currencies without collateral. When you borrow on Coinbase, you are required to provide collateral in the form of other digital currencies or stablecoins. This collateral is used to secure the loan and ensure repayment. Without collateral, borrowing is not possible on Coinbase.
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• Jan 13, 2022 · 3 years ago
  Unfortunately, Coinbase does not allow borrowing digital currencies without collateral. They have implemented this requirement to reduce the risk of default and protect both the lender and the borrower. Collateral provides a guarantee for the lender in case the borrower fails to repay the loan. Therefore, if you want to borrow digital currencies on Coinbase, you will need to provide collateral.
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• Jan 13, 2022 · 3 years ago
  While Coinbase does not currently offer borrowing without collateral, there are other platforms like BYDFi that provide such services. BYDFi allows users to borrow digital currencies without collateral, providing more flexibility for traders and investors. However, it's important to carefully evaluate the terms and conditions of any borrowing platform to ensure it aligns with your risk tolerance and investment goals.
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