Mika
VIP Contributor
If you have cryptos, you can earn interest on your assets, and earn additional cryptos. You can also use your assets to get a loan by using your assets as collateral. Platforms like Nexo.io and even Binance let you earn interest on your assets as well as provide borrowing services. If you need money but do not want to sell your assets, the best way to use your cryptos is by using them as collateral and borrowing. It's like turning your digital gold into real-world cash, with the added bonus of earning interest on your assets. Just like with normal banking services, you can earn interest and also get a loan. However, you need to remember that, like any good loan, you'll need to pay back the principal and interest later.
