What are crypto-backed loans?

What you'll learn: The basics of crypto-backed loans and why they're different from selling your crypto.

A crypto-backed loan lets you borrow funds by using your Bitcoin or Ethereum as collateral. Instead of selling your crypto to access cash, you pledge it as security for the loan and get the dollars you need while keeping your position.

Think of it less like a cash-out and more like a HELOC on your crypto: you keep your position, and the loan lets you use their value without giving them up.