Discussion: Using Bitcoin as Collateral

Hi, can anyone share an example of where they have used bitcoin as collateral for a loan through a traditional bank?

I’m in Australia where they don’t offer this yet so I’m keen to hear from others who have been down this road before.

How much did you borrow?

To pay for what?

What’s your interest rate and repayments?

During the life of the loan how much did your bitcoin appreciate?

How much did you actually pay the bank in the end?

And did how much you paid in repayments end up being less than your bitcoin appreciation?

Let’s discuss