Crypto backed loans are one of the most cost-effective and efficient ways to manage your cryptocurrencies when you need access to fiat. Tokenomy users can take up these loans for a number of different purposes, including:
- Buying a home – traditional lenders do not allow you to finance the purchase of a home with crypto
- Leveraging on investments - taking a reasonable size of loan to enhance your portfolio returns with additional leverage, or simply diversify your holdings with lower risk investments
- Paying off travel expenses – use your crypto to go on vacation or holidays
- Paying off high-cost debt – pay off your credit cards debts or student loans
- Funding a business – gain access to credit for your business