Crypto-Backed Loans, Explained: How to Unlock Cash Without Selling Your Bitcoin
If you believe in your crypto, selling it to cover a short-term cash need is the one move you'd rather not make. Sell, and you trigger a taxable event and give up any future upside. A crypto-backed loan offers another path: borrow cash against your holdings while keeping every coin. Here's the mechanics. You pledge Bitcoin, Ethereum, or Solana as collateral, and a lender advances you cash—with Figure it’s up to 75% of your collateral's value*. You keep ownership of the crypto the entire time. No...