How to borrow ETH to buy BTC?

[Ngemmeng]

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.

[LogitechMouse]

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.

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.

[yohananaomi]

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.

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.

[passwordnow]

I do not understand the point of borrowing here.

There's really no point.

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.

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.

[synchronym]

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.

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.

[Blitzboy]

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.

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.

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.

[Doan9269]

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.

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.

[Magic-Money]

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.

[Furious 7]

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? 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.

[Natalim]

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.

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.

[Rengga Jati]

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.

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.

[el kaka22]

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.

[deean_3one]

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.

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.

[sheenshane]

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

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.

[coin-investor]

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.

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.

[umbara ardian]

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.

[kaseygriffin]

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.

[Bolivar_Tony]

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.

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

[Rampagoe004]

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?