Is it possible for US customers to borrow money on Coinbase?

3 answers

• karthik reddyFeb 06, 2022 · 4 years ago
  Yes, US customers can borrow money on Coinbase through the Coinbase Borrow feature. To be eligible, users need to have a verified Coinbase account and meet certain criteria set by Coinbase. The borrowing limit and interest rates may vary based on factors such as creditworthiness and the amount borrowed. It's important to note that borrowing money for trading purposes involves risks and should be done responsibly.
  416

  208
• CHRISEMMANUEL575Jul 03, 2023 · 3 years ago
  Absolutely! Coinbase offers borrowing services to its US customers. To get started, you'll need to have a verified Coinbase account and meet the necessary requirements. The borrowing process is straightforward and can be done directly through the Coinbase platform. Just make sure to carefully review the terms and conditions before borrowing any funds.
  353

  118
• akhil varshAug 15, 2021 · 4 years ago
  Yes, US customers can borrow money on Coinbase. Coinbase Borrow allows users to access funds by using their crypto holdings as collateral. It's a convenient way to leverage your assets without having to sell them. However, it's important to consider the risks involved, such as potential liquidation of your collateral if the market moves against you. Make sure to understand the terms and conditions and only borrow what you can afford to repay.
  446

  112