#Binance! Loans (crypto loans)

If you think your bank is crazy - look at the conditions from the exchange😁

Let's simulate a situation. You have 1 $BTC but you don't want to sell it, but you urgently need 65000$USDC , just for example. The situation will not change from the amount and the rearrangement of the terms. So, in order to borrow 65k, you must have a collateral of 1.2 BTC! And if suddenly, bitcoin falls in price by half, then you will have to add the same amount of BTC to the collateral so that your position is not liquidated.😁 I'm not even talking about the percentage of debt accrual, hourly, daily and annual. You can see for yourself in the picture below. In any case, it would probably be safer to borrow from some huckster operating in the basement of a Khrushchev-era building in the Ghetto.

Write in the comments what other topic to discuss in the next post