How to borrow ETH to buy BTC?

[Greg Tonoski]

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.

[Nwada001]

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.

[btctalk-memeboss]

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.

[zonefloor]

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.

[MainIbem]

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.

[X-ray]

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.

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.

[bluebit25]

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.

[Wexnident]

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.

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.

[adaseb]

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.

[Apocollapse]

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, 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.

[Farma]

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.

[blockman]

May I ask you to share your experience and advise about how to borrow ETH to buy BTC, please?

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

I'm interested in taking adventage of price action so could be settled off-chain.

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.

[OcTradism]

May I ask you to share your experience and advise about how to borrow ETH to buy BTC, please?

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.

[glendall]

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?

[MiF]

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.

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.

[Coyster]

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.

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.

[lepbagong]

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.

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.

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.

[wxa7115]

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.

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.

[bettercrypto]

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.

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

[ahoenk]

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.

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