Bitcoin Forum

May I ask you to share your experience and advise about how to borrow ETH to buy BTC, please? I'm interested in taking adventage of price action so could be settled off-chain.

Do you mean borrowing money from someone? I mean borrowing ETH from any lender or platform offering to loan out ETH and using it to actually buy Bitcoin. Or do you mean staking your ETH to borrow some stable coins that you could use to acquire Bitcoin?

If that's what you mean, I believe you will need some kind of collateral in order to be approved for a loan, which you could also possibly use to acquire your required crypto.

Not sure if the price of 27K warrants to be taken advantage off. IF you know what I mean.
Sure it was 69K at one point for a short time, but for a much longer time it was 10k and 2k and 1k.

If I remember correctly, some platforms were doing this, but the credits they gave were not so high. In this, you are asked to keep their tokens or similar things. But overall, it's a very difficult prospect. Also, by borrowing, I think you mean a kind of credit system. There is no such thing as a loan in credit systems, they will ask you for interest in any case. If you say that you will do something like this, if you have the opportunity, it is most logical to apply for bank loans. But I must state that you should definitely not invest with borrowed money. The probability of losing is very high.

This is not a good advise to borrow money because investment involving borrowing of money to buy cryptocurrency is very risky, beside you as a member may not have that free chance to borrow money on this platform, sometimes depending on the kind of amount you may wants to borrow. There are few people who give out money as loan why not check the lending sections to see if you meet their criterial.

It's not always like that. You can try to borrow ethereum through some defi sites like Aave but the problem is, do you have collateral for doing it? i meant you shall have collateral to get approven borrowing ethereum to be used to buy bitcoin.
If you have no collateral and you cannot do it. It's caused by the platform will ask your collateral first before you will be able to borrow ethereum from there.
There are so many lending sites in crypto. You can try to take a look at this article

https://learn.bybit.com/defi/best-crypto-lending-platforms/

It gives you lots of lending sites in the crypto, but to be honest, you will be doing a high-risk decision.

Are you serious, I usually see people mortgage less volatile assets to borrow money and then invest in volatile assets. You are referring to ETH (altcoin) and BTC, maybe you have also researched some DEFI lending platforms, honestly it is quite simple and has nothing to share, you can check the requirements yourself. request and accept participation. But from my experience with crypto loans, I would mortgage less volatile ones like BTC and ETH to borrow stablecoins and use stablecoins to buy altcoins and make short-term profits but there will be risks, and not recommended for those Who does not know proper capital management. Currently the market is having bad fluctuations, so please limit borrowing and investing, it is better to study and accumulate over time until things get better.

So if I'm right, the plan is to get an ETH loan, buy BTC with it and hope that ETH falls and BTC rises so you can get the best of both worlds? Sounds solid only if it wasn't such a dumb idea really. Taking a loan to invest, especially in a highly volatile investment sounds dumb, and you want to do it in both sides?

Even the idea of getting a loan sounds dumb already imo. Just DCA if you really want to invest, no need to rush your investments. The only thing that's rushing id your demise.

Hard to understand exactly what you are asking but if you are asking to lend your ETH and buy BTC you can do this with Curve defi I think. You use your ETH as collateral and you get BTC to do what you wish. Your margin is like 80% however so there is no leverage.

If you use a CEX then you can do this with any platform that uses ETH as collateral which is most of them. Just becareful and monitor your liquidation levels.

Why not directly borrow BTC? it doesn't make sense you need to borrow ETH and then use it to buy BTC because you will need to pay trading fees.

But if you mean you have ETH as a collateral and you want to borrow BTC, you can post your offer in this thread Lending (https://bitcointalk.org/index.php?board=65.0), if you want to ask a non collateral loan I don't think it's possible since you don't have a good reputation or trading history in your profile.

why would you want to borrow ethereum, when you can borrow money from your relatives, at the bank, or elsewhere to buy bitcoins. It is very difficult to find people to lend you ethereum. Other than that, the strategy you're using is quite odd, which is to buy ethereum for bitcoins. why don't you look for a more reasonable coin stable loan. However, when it comes to loans, I think finding someone close to you who believes in you will be easier than looking for loans on the internet.

If you want to borrow ETH and want to convert it into BTC why not just go borrow directly?

But before borrowing, this is like an arbitrage that you want to do. I don't think that someone will be easy on you and will just allow you to borrow money. Just a tip, I've seen people that have borrowed money to invest in crypto and then they've ended up with a bad fate.
Or you can explain more about your plans but still, I doubt it that there's a platform that you'll be ever allowed to borrow without a guaranteed collateral even if you put this plan on their table.

Borrowing money to invest or to trade is risky. It contains more risk than trading or investing with your own money.

Because you will have to pay loan interest and a bigger risk from liquidation from a loan service provider or an exchange. My advice is don't borrow money in person or with leverage on exchanges.

Why do you need to borrow ETH to buy BTC?
The market works like this, Bitcoin leads it so if Bitcoin falls, ETH falls and it will decrease your loan collateral that will cause bigger risk of forced liquidation.

Why should you borrow ETH to buy BTC, my suggestion is better you buy as much as you can, here you look you want to have instant having large amounts of BTC / ETH with the aim of making a profit, try to think of the worst risk of your loan if the market is not improved And does not provide benefits as you expect?

borrowing ETH is just like borrowing money o don't think there is someone or platform that can give you eth without any interest,you need to pay interest on it and that was totally risky because we don't know what will going to happen next after you borrow eth,because eth price os also moving up and down same with btc so i think it is not a good idea.

Of course the currenct price is something to take advantage of, you might never see the price as low as 10k, 2k or 1k again, thus 27k can be considered as a low price to accumulate. If you think Bitcoin price stays low for a longer time, then sell whenever it appreciates and you accrue ROI on the amount you bought. The thing is, OP's proposed strategy isn't advisable, do not accumulate with borrowed funds, or through staking and other whatnots, DCA strategy is there to enable one buy conveniently if you do not have money to buy with a lump sum. Thus there is no reason to borrow or engage with risky earning platforms to acquire Bitcoin, buy periodically and with the money that you can afford.

actually the same pattern when borrowing eth to buy btc, as if borrowing money to buy btc. I think the colleague above is very correct, so that you also take into account how much interest you have to pay for the eth loan, especially if the loan has to be paid with eth, then it doesn't seem like it will be maximized because eth will also increase when btc goes up. it would be better to just borrow money if you really want to do it but always do research since when you started borrowing, so it doesn't take too long and you can get a price increase quickly and on time. as long as borrowing is used properly, I think it's good to do.

If you want to buy bitcoin then just do it, avoid trying to make a series of complicated moves as this will not only decrease your profits but it could produce massive losses if you do not know what you are doing.

As I doubt there is going to be a lot of people willing to lend you ETH so you can buy bitcoin, since lenders are very suspicious of those kind of offers that sound too good to be true and several lending platforms have disappeared over the years.

There are centralized exchanges that lend cryptocurrency such as Binance, just so you must have collateral that will not be approved for what you will lend on the platform if you do not have it, and the requested collateral is also crypto on their platform depending on what they need.

If you don't have any collateral, there is a lending section here on this forum platform, but with the condition of your account, your chances are low from what I can see literally, but you have other collateral to show, maybe the lender will trust you, here's the link LENDING (https://bitcointalk.org/index.php?board=65.0)

you need collateral to borrow it, at least you have USDT/USDC or other stable coin. today you can buy BTC easily from anywhere. where did you live ? in my country it is so easy to buy bitcoin but not with borrowing eth without collateral. ethereum, bitcoin and other altcoin with big liquidity is still a money. no one will give you loan without collateral mate

I do not understand the point of borrowing here. do you want to borrow ETH from someone to buy BTC ? if this is true, maybe you should borrow BTC directly because the ETH gas fee is very high. To be honest I do not recommend investing in this way because this investment is high risk, you should participate in bounties or airdrops and start investing from the money you get.

Why not just find a daily job, keep a percent of your salary, and just buy Bitcoin?
I mean why taking a loan if you don't have any collateral at all? Maybe go to a bank, put anything that you own as a collateral to get a loan, and use that loan to buy Bitcoin. Why putting yourself in so much stress to the point that you want to borrow ETH just to buy Bitcoin?

I can't understand the logic behind the OP's question. Why borrow ETH to buy BTC? It doesn't make any sense at all. I also don't know if some lenders here will let you borrow money just by looking at your rank alone. Overall, just go to work, and use that money to buy Bitcoin.

a question too, why should you borrow eth to buy btc? apart from what you said is the high cost of gas and it seems unusual why not just go straight to borrow btc which there will be no more transactions after borrowing.
good advice from you to also be able to participate through airdops and bounties, but there are problems if you rely on those two, it will be difficult to get btc with a unit value, because we know bounties alone cannot produce fantastic value at this time. Borrowing is not a bad option, as long as it is done with proper analysis when borrowing, because the upgrade time is still quite long and of course there is a loan fee that must be paid every month.

There's really no point.

This is a vague strategy for someone who's about to invest in Bitcoin. Buy Bitcoin with your own money and don't take a loan why it has to go through ETH? I think that OP and some other folks have been misled about Bitcoin going on different chains as well as with the wrapped versions. Better not to borrow money or eth for investing into bitcoin and even it's btc, don't borrow to invest in a volatile market.

OP I didn't understand your question well at first then after thinking for a long time I realized that you are talking about borrowing ETH to buy BTC but I personally think borrowing ETH to buy BTC is not good at all because ETH has high gas fees  Because of this, there is no possibility of profit without loss if you borrow it. And there's no need to put yourself under so much pressure for Bitcoin investment, it's better for you to work on the bounti section first. Then you can invest the BTC you get with no chance of loss.

You're right. Working the daily grind and pocketing some change for Bitcoin investment is a practical and safe bet. It reins in risk and ensures you're not biting off more than you can chew financially.

Borrowing ETH, a shaky asset, to acquire Bitcoin adds an extra level of risk and intricacy. It might be a no-go zone for many, particularly those dipping their toes into the crypto pool. These assets' volatility could spell hefty losses.

Securing a loan with collateral to dive into Bitcoin? That's a dangerous move. Given the wild nature of the crypto scene, it's possible to wipe out the investment and collateral. So, sticking to your day job and saving for Bitcoin? That's playing it smart.

I don't think there's an offer for this from exchanges to lend you cryptocurrency but they can always help you exchange the one you have for another which is very common through trading, if i may ask for the reason why you wanted to borrow for an investment, it's more better if you don't have a cryptocurrency to learn how you can earn it than borrowing, this shouldn't be your priority to look after because it will not land you well at the end with the experience you will be having with doing so.

That is not a good advice to borrow money towards cryptocurrency, because anything can happen, and become under a financial pressure by not meeting up or market turn against your prediction, secondly we all expecting Bull Run, but has not yet set, but rather cryptocurrency market is still in Bear market.

Borrowing ETH? From where?
Forget about the conditions where you use it for what, but until now I have never heard of any special loans such as ETH or other coins.
Even if it is possible that it exists but in the end I don't think anyone would suggest such a thing because the conditions remain the same. Borrowing to buy other investments is certainly not recommended. Apart from the fact that we really have to mess around with payments every month, on the other hand I think using my own money is far more worth it for investment compared to having to borrow and spending more on interest.

Just ask lenders from your locality and make your BTC investment as collateral, maybe they will consider it. But I was thinking deeply about why you need to borrow ETH which in fact you can directly buy BTC in any exchange. However, talking about borrowing money was not advisable but of course, if you don't have any option in order to have capital then that might push you to do that. But the problem is if there is someone or any lending institution that will help you.

Wait, what do you mean by this? What this means is that you want to invest in Bitcoin but don't have the money or funds to buy it, and in the end, who do you imagine borrowing ETH from? And use it for Bitcoin? Honestly I'm still confused with this concept. However, because this is related to loans, I disagree and will not make ETH loans to buy Bitcoin, this is really problematic and risky. Especially if one day Bitcoin goes up, then ETH will also go up, so the comparison is the same.

Honestly I could not figure out the core reason. Everyone tried to help because they wanted to answer the question, but nobody asked why would anyone want to do that? I understand that you may think that ETH could value a lot higher in the future, but how could bitcoin and ETH, the two coins at the very top have so much difference?

There will be miniscule differences between them that doesn't really need anything like this at all. I hope that people end up realizing that ETH is not far superior than bitcoin, that will never happen. I think it is smarter to just sell your eth, get btc, do whatever you have to do and if you want to go back then sell your btc and get eth as well when you get back, you will still have similar amount of ETH aside from trading fee.

What do you mean by borrowing ETH? The price of ETH is far below bitcoin. Borrowing money to invest in bitcoin is very risky. Market prices in crypto are highly volatile. So it is strongly discouraged to borrow money for investment in crypto.

I think OP was trying to ask which platform you can borrow and take a loan.
Well, upon stumbling and having a quick research here is what I have found, but remember I didn't affiliate with them just hoping it will help OP but of course, it's OP's responsibility to have research first.  But if you mean you can borrow without collateral, that's unlikely will happen.

Borrow Against Ethereum With The Best ETH Loan Rates (https://milkroad.com/borrow/eth/)

To tell you OP, borrowing money to invest in this crypto space is a very crucial idea, seems like you're holding a double edge source that anytime could harm you.  It should be money to invest is the amount that you can afford to lose not borrowing from anyone else or anywhere else.
So good luck to you OP.

Why would you, I don't think it's a good idea because of the market volatility and trading fees this is risky you should study the advantage and the disadvantage honestly I have not thought of this and I guess no one will do this method.

I discourage taking a loan to invest, but I very much discourage this one there's no logic in this one, if you don't have an option and the market is doing great why not borrow fiat and invest in Bitcoin, much easier than doing this than what you're planning.

Borrowing money to invest is a form of risk rather than a return. With unexpected results, your investment experience when not borrowing and when borrowing is not the same as you think. Besides, there is psychological pressure to repay, especially with short-term debts, which will weigh on your investment decisions. In many cases, the closer you get to the repayment date, the more likely you are to make wrong, ill-considered, and hasty decisions. Another thing that I realized when taking out a loan is that the amount in your account is larger than the amount you actually have. However, our brain will preferentially think "The money in the account is my money". This is why, when it comes to paying off a loan, many people procrastinate and feel their money is lost, even though it's a liability.

Borrowing money to engage in cryptocurrency trading carries high risks and can cause financial losses if not managed carefully. Before engaging in any lending activity, make sure you understand the terms, note the interest rates, and thoroughly evaluate your ability to pay. In case of inexperience or uncertainty, I recommend that you seek advice from a financial professional or investor before making any trades. There are several crypto exchanges like Binance, Crypto.com, Bitfinex, Coinlist,... that support the borrowing feature. Learn about these exchanges, review their advantages, disadvantages and loan terms.

I think you can research about flash loan and how to take advantage of flash loan to borrow and trade and return the loan and take profit on the same trade, you can search for some youtube videos that can help you to achieve that, Don't forget to share your finding with us

Borrowing ETH to buy BTC? I've never heard of anything like it. Think someone will lend us their ETH then we buy BTC with it? How to get profit with it? How much interest is requested by the borrower? How can you be so bold as to borrow something volatile and then buy something else volatile?
I think borrowing money from a bank or someone to just buy Crypto is a high risk thing.
Of course you don't want the money you borrowed to disappear because you suffered a loss on your trade, right?