I make all my money in Sats already. I am looking to set it up to take a loan against some of it, because I need a vehicle. Last one gave out, and don't want to sell any corn, if I can help it.
Discussion
Oh that! You just hit the cash tab at the bottom right, and then there’s a big section that says bitcoin backed loans. You just need to scroll down a touch:
I am guessing that I won't get that tab until I set up PYMT method?
I’d assume that if you aren’t seeing it yet, that could be the only reason why.
The interest rate decreases the larger the loan you’re looking for, but these are the smallest options for either monthly payments or payments at maturity.
10k is the minimum you can borrow? Does that trigger the SAR if deposited in your bank account?
At this point just assume everything does.
I mean, I assume everything you do on a Bitcoin KYC exchange is heavily monitored.
Yes, that’s the minimum amount which has lowered at least from when I first checked it out.
But no, I don’t think that it would trigger as illicit activity or anything. I’m sure Mallers is on top of all the AML policies he has to abide by.
That said, If you have decent credit and some fiat flow, you might find a lower APR with a bank on just a personal loan. And then your Bitcoin will be more private and at your disposal throughout the repayment.