❓Crypto Loan FAQ: Everything You Need to Know
Still got questions about BetFury’s Crypto Loans? Rakey’s here to help you sort through the fine print and borrow like a pro.
🤔 What is a Crypto Loan?
A crypto loan lets you borrow stablecoins like USDT using your crypto (BTC, ETH, BFG) as collateral. You get instant liquidity without selling your assets.
💸 How Much Can I Borrow?
You can borrow up to 70% of your collateral’s value, but Rakey recommends staying below 60% to avoid liquidation if the market dips.
⌛ What Happens If I Don’t Repay?
If your loan isn’t repaid on time, or your collateral drops in value, it may be liquidated. That means your crypto gets sold to cover the debt.
🔐 Do I Need KYC?
Nope. Most BetFury crypto loans are KYC-free, making them fast and private—perfect for fast movers and degen planners.
📅 How Long Can I Keep the Loan?
Terms vary based on platform settings. BetFury lets you choose loan durations—just don’t forget to repay on time or Rakey will cry into his bonus box.
🧮 What Crypto Can I Use as Collateral?
- BTC (Bitcoin)
- ETH (Ethereum)
- BNB (Binance Coin)
- BFG (BetFury’s native token)
🦝 Rakey’s Tip:
“Crypto loans are like power tools—use ’em wisely or you’ll saw through your stash.”
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🏁 Final Word
Crypto loans aren’t complicated—but you do need to be smart about how you use them. This FAQ clears the fog so you can play, borrow, and build with confidence.
🦝 Rakey says: “No dumb questions—just missed opportunities if you don’t ask.”
🔥 Call to Action
Got more questions? Or ready to borrow like a pro?
