Don't do it, but if you need a secured loan against your Bitcoin, Xapo offers 10% interest and will loan you up to 40% of your secured Bitcoin.

In case you were wondering how offers you may have seen recently compare.

Xapo are a private bank that charge $1,000 a year for membership, that should also be a factor in your decision.

ONCE AGAIN DON'T DO THIS.

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It's a terrible idea. Can't wait to see how it plays out.

Would have to do the sums but one reason one might do this is to sidestep CGT.

πŸ‘€

I need a bigger calculator πŸ˜‚

Yep πŸ˜… It’s certainly messy and I need to see some working examples.

On nostr:nprofile1qqsg0wxgfhmw9z5w9a7j4h2ca6yqhwvrjgs8ws3z2qe72f9lls5vwvgjwqpz9 you can get a fixed-interest loan against your BTC. The interest varies in accordance with lender-borrower market conditions and depends on the payout stablecoin (usually 10-20%). You keep the keys to your collateralized BTC. The service aims to be decentralized and works based on the smart contract functionality of Rootstock, a BTC sidechain. It works reliably for years now. No KYC. Proper DeFi.

nostr:nprofile1qqsqcdcltmv4qanpx3p7svcufdsg9rkk00x7l2sknra4e6whkv59l7cppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshsnkhu0f offers a well-working bridge BTC <-> rBTC. Bitcoiners have thought about non-centralized services for secure loans against your BTC for years already. Comes with risks, no question. But if that's what you're looking for, it's right here.