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When applying for a Bitcoin loan, you typically need to pledge your Bitcoin as collateral. The credit limit will depend on the value of your collateral and the platform's lending policies. Costs on Bitcoin loans can vary widely based on factors such as the loan term, borrower creditworthiness, and market conditions.
- Be aware that
Make sure to conduct thorough research and contrast different platforms before choosing a lender. Thoroughly review the loan terms and conditions, including interest rates, repayment schedules, and any possible fees.
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