Sign Up

Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.

Have an account? Sign In

Have an account? Sign In Now

Sign In

Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.

Sign Up Here

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

DoingBusiness.eu – Business Questions and Answers

DoingBusiness.eu – Business Questions and Answers Logo DoingBusiness.eu – Business Questions and Answers Logo
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Sign Up
  • About us
  • Contact us
  • FAQ
  • Magazine
Home/ Questions/Q 2388
Next
Answered
geekymi
  • 8
geekymiTeacher
Asked: February 12, 20222022-02-12T09:15:24+00:00 2022-02-12T09:15:24+00:00In: Doing Business

Are there benefits from borrowing against crypto for your business?

  • 8

Is borrowing against cryptocurrency assets not too risky? Is there any advantage to this?

bitcoinbusinesscrypto for businessselling crypto
  • 1 1 Answer
  • 26 Views
  • 0 Followers
  • 0
Share
  • Facebook
  • Report
Leave an answer

Leave an answer
Cancel reply

Browse

1 Answer

  • Voted
  • Oldest
  • Recent
  • Random
  1. Best Answer
    Sagavot Pundit
    2022-02-13T13:13:22+00:00Added an answer on February 13, 2022 at 1:13 pm

    (DISCLAIMER: NOT FINANCIAL ADVICE)
    Taking crypto loans is a good way to secure funding for your business–especially if you already accept crypto payments for your goods and services. It works best if you have a substantial amount of crypto which you want to liquidate without selling it or paying taxes on it. You can use the funds you secure with your digital funds to invest in or grow a business.
    Furthermore, crypto borrowers may see lower interest rates, but unlike personal loans, there are no credit checks. The absence of checks means people without a financial history or bank account can easily access it. Also, entrepreneurs who don’t meet a bank’s criteria for obtaining loans can get crypto loans. All that’s required is that you have sufficient assets for the loan you’re applying for. Also, clearing crypto business loans doesn’t take time; it is usually done instantly. This is unlike the old-fashioned loaning system where loan clearing can take several days.
    Meanwhile, cryptocurrency loans have certain downsides. The most prominent is the volatility of cryptocurrency; the price of digital coins fluctuates according to market trends. If the value on your coins depreciates, you will need to add more to maintain the value of the initial pledge.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report

Sidebar

Ask A Question

Stats

  • Popular
  • Answers
  • Anonymous

    What are the differences between business accounting and financial accounting?

    • 3 Answers
  • Bella

    E- Commerce Compliance

    • 2 Answers
  • Cassandra Manalo

    Is there a limitation on incoming payments?

    • 1 Answer
  • Naomi
    Naomi added an answer You can trust and hire a business broker when buying… March 25, 2023 at 9:14 am
  • Naomi
    Naomi added an answer A European Article Number (EAN) is a standard numbering system… March 21, 2023 at 4:41 pm
  • Naomi
    Naomi added an answer Single Euro Payments Area (SEPA) payments are cashless euro payments… March 21, 2023 at 4:14 pm

Related Questions

  • Company Liquidation

    • 0 Answers
  • Product Identification

    • 1 Answer
  • Business Registration

    • 1 Answer
  • Buying and Selling a Business

    • 1 Answer
  • Running a business

    • 1 Answer

Top Members

Jane from Rent-a-Company

Jane from Rent-a-Company

  • 0 Questions
  • 275 Points
Enlightened
Sagavot

Sagavot

  • 3 Questions
  • 108 Points
Pundit
Dedeva63

Dedeva63

  • 3 Questions
  • 97 Points
Teacher

Trending Tags

accounting bank account bitcoin business credit card cryptocurrency ecommerce legal money payments question rent a company rentacompany renting service rent service shopify taxation vat virtual company virtual office

Explore

  • Home
  • Communities
  • Questions
    • New Questions
    • Trending Questions
    • Must read Questions
    • Hot Questions
  • Polls
  • Tags
  • Badges

Footer

Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced business guru from all over the world. Answer questions from others and earn money.

ArabicChinese (Simplified)DutchEnglishFrenchGermanItalianPortugueseRussianSpanish

Questions

  • Ask a Question
  • Questions
  • New Questions
  • Trending Questions
  • Must read Questions
  • Hot Questions
  • Polls
  • Tags
  • Questions Feed

Navigation

  • Home
  • Communities
  • Add Community
  • Groups
  • Add Group
  • Badges & Points
  • Buy Points
  • Members

Information

  • Sign Up
  • About us
  • Contact us
  • FAQ
  • Magazine

Categories

  • Accounting ∙ Tax ∙ VAT
  • Banking ∙ Money
  • Company Setup
  • Compliance
  • Cryptocurrency
  • Doing Business
  • E-commerce
  • Notary24
  • Office ∙ Staff
  • Rent-a-Company

© 2023 Doing Business All Rights Reserved

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.