How do Crypto Loans Work and Are They Similar to Personal Loans
A crypto loan is a kind of secured loan where a lender offers you liquidity in exchange for your cryptocurrency holdings acting as collateral
There are 2 types of crypto loans, Centralized finance (CeFi) loans and Decentralized finance (DeFi) loans
Like a personal loan, you can use a crypto loan however you see fit. You can use it for any significant purchases