Looking to borrow bitcoin

[leen93]

Looking to borrow about 20 BTC for a year. I do have 150k usd cash as collateral. I find a lot of websites that let you borrow cash for btc collateral but I am looking for the exact opposite. Does anyone know of any website that offers this service ? Have been thinking of buying 20 BTC and in the mean time shorting 20 BTC somewhere or is there a better way?

[PrimeNumber7]

Are you able to convert your cash into a stablecoin?

What interest rate are you offering?

What is the purpose of your loan?

I don't understand why you would want to use $150k to buy 20 BTC, and subsequently short 20 BTC. Why would you not just use the $150k to buy whatever it is you wanted to buy

[bill gator]

I'm somewhat confused. Tell me if I have this correct. You want to borrow BTC for long-term and you have more than enough USD to outright buy the BTC which you are offering as collateral?

I don't know about anybody else, but I would happily take USD as collateral, tie the loan to BTC and once the loan is done you repay the BTC and get your cash back. Granted, I am not working with the kind of money you're looking to play with. I'm just confused how you would have a hard time finding some company or individual to do this. There's quite literally no risk, if collateral is received before filling the loan. Am I missing something?

Tying loans to USD is normally where lenders jump ship, and so maybe using that as collateral essentially does the same thing and I'm just to exhausted to do logic.

[leen93]

I'm somewhat confused. Tell me if I have this correct. You want to borrow BTC for long-term and you have more than enough USD to outright buy the BTC which you are offering as collateral?

I don't know about anybody else, but I would happily take USD as collateral, tie the loan to BTC and once the loan is done you repay the BTC and get your cash back. Granted, I am not working with the kind of money you're looking to play with. I'm just confused how you would have a hard time finding some company or individual to do this. There's quite literally no risk, if collateral is received before filling the loan. Am I missing something?

Tying loans to USD is normally where lenders jump ship, and so maybe using that as collateral essentially does the same thing and I'm just to exhausted to do logic.

Correct. So I am interested in borrowing bitcoin for an investment but I am bearish on bitcoin, so I dont want to buy them although I could.

Any companies that do that? Or any safe way to do this? I dont feel I could trust no matter which person on here with this much cash as collateral.

Fyi. I am in the US

[Parodium]

Convert your cash into a stablecoin, then request a loan on a platform like NEXO or BitBond.

Note that you'll get completely rekt on the interest rate though, you'll probably get better offers from lenders here, many of which can easily be trusted with $150k.

[PrimeNumber7]

I am not sure if you have heard of google. It is this website that lets you search the internet based on keywords.

I searched "borrow against bitcoin" and the first three non-ad results were:
https://saltlending.com/
https://coinloan.io/
https://lendabit.com/

I have not done any kind of due diligence on any of the above companies. You will need to research any company you decide to use before entrusting them with your money.

I am also still confused why you would not just use USD, or even DAI to purchase your investment.

[leen93]

Convert your cash into a stablecoin, then request a loan on a platform like NEXO or BitBond.

Note that you'll get completely rekt on the interest rate though, you'll probably get better offers from lenders here, many of which can easily be trusted with $150k.

I just checked NEXO, not possible to borrow btc there and bitbond is only for businesses?

to make it clear, i want to borrow 20btc and owe someone 20 btc. if prices change either i will need to put it or get back some usd or btc. i am short on btc, i just am in need of some btc for an investment

what would be the best way to set up a loan with bitcointalk? i am shocked you recommend this, since this is quite a sum of money...
would like to have it rebalanced regularly based on the bitcoin rate. Currently 150k in stocks, but could have it in cash tomorrow but would like to keep it in stocks. i assume i could have someone else doing this investment so my usd arent just becoming worthless* but that makes all of it quite a bit harder
*this loan might be for over 5 years

no options without collateral correct? have a good creditscore, income, can proof identity




now i am thinking of buying some btc and taking a short position to limit my risk, just dont know where

here is an option (against someone else e.g. both me and another person on here thats long on bitcoin send e.g. 25k usd to an escrow, if bitcoin reaches 4000 first i get 50000, if bitcoin reaches 6000 first the other party gets the 50000 usd) and from time to time make more deals like this...

or somewhere else, issue is that i dont want to pay taxes, and these options always seems to bring me to sites like bitfinex etc. i already lost 80k usd there when their coins got stolen and i sold my bfx tokens, dont feel like touching them again

I am not sure if you have heard of google. It is this website that lets you search the internet based on keywords.

I searched "borrow against bitcoin" and the first three non-ad results were:
https://saltlending.com/
https://coinloan.io/
https://lendabit.com/

I have not done any kind of due diligence on any of the above companies. You will need to research any company you decide to use before entrusting them with your money.

I am also still confused why you would not just use USD, or even DAI to purchase your investment.

i googled and cant find anything
i dont want to borrow against bitcoin, i want to borrow bitcoin against usd. which isnt common

[bill gator]

If you are not willing to trust an individual with this kind of request, then what makes you more willing to trust a company? Companies are made up of and lead by individuals.

I'm not saying you should send $150,000 cash in the mail to some random user on the forum, but we've seen companies disappear with millions time and time again; it's quite a pattern for the largest exchanges, actually. Consider utilizing one of those 2-out-of-3 addresses or whatever they're called; you'll have to convert your cash into a coin (sorry) and then find 2-individuals that have a history and a reputation for these kinds of deals and of this magnitude.

You and the 2-escrows would have the keys and it require 2 of you in order to move the coin around. This means an individual wouldn't be in control of the coin, gives you more options for sourcing the loan and might get you a decent rate on interest.

P.S. If you're bearish on Bitcoin, then wouldn't the best move be to simply wait or put your money somewhere that you believe to be bullish until it is time to buy in?

[PrimeNumber7]

I am not sure if you have heard of google. It is this website that lets you search the internet based on keywords.

I searched "borrow against bitcoin" and the first three non-ad results were:
https://saltlending.com/
https://coinloan.io/
https://lendabit.com/

I have not done any kind of due diligence on any of the above companies. You will need to research any company you decide to use before entrusting them with your money.

I am also still confused why you would not just use USD, or even DAI to purchase your investment.

i googled and cant find anything
i dont want to borrow against bitcoin, i want to borrow bitcoin against usd. which isnt common

The first two platforms do not appear to offer the type of loan you are asking for, but for the amounts involved, they might try to work something out for you. I reviewed the FAQ on lendabit and it appears they offer BTC loans secured by USDT, but if I am reading their restrictions correctly, they will not do business with US residents.

[DayTrader27]

I'm somewhat confused. Tell me if I have this correct. You want to borrow BTC for long-term and you have more than enough USD to outright buy the BTC which you are offering as collateral?

I don't know about anybody else, but I would happily take USD as collateral, tie the loan to BTC and once the loan is done you repay the BTC and get your cash back. Granted, I am not working with the kind of money you're looking to play with. I'm just confused how you would have a hard time finding some company or individual to do this. There's quite literally no risk, if collateral is received before filling the loan. Am I missing something?

Tying loans to USD is normally where lenders jump ship, and so maybe using that as collateral essentially does the same thing and I'm just to exhausted to do logic.

Correct. So I am interested in borrowing bitcoin for an investment but I am bearish on bitcoin, so I dont want to buy them although I could.

Any companies that do that? Or any safe way to do this? I dont feel I could trust no matter which person on here with this much cash as collateral.

Fyi. I am in the US

Use a bitcoin ATM.

[ThatRandom8543]

If you have that much in cash, you might be better off putting it against various stocks and borrowing it against margin and using that towards bitcoin. Regardless, you may be better off just buying than borrowing, or what you could do is put the cash in stable coin like USDC and posting the collateral that way, or just buy into crypto and use nexo or similar services to get a loan.