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Better question is when you borrow how do you turn

the borrowed money into fiat similar to a nexo loan?

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For me personally to get GBP in my U.K. bank account, I borrow BUSD in Kava Loan, send the BUSD to Binance, convert to USDT, send the USDT to Uphold then convert to GBP and withdraw to my bank account.

zZN13T25CH3Zz- Автор вопроса
Matt Hamilton
For me personally to get GBP in my U.K. bank acco...

in the us if we go through a cex we have to pay taxes but if u simply borrow against ur crypto holdings u pay a fee but no taxes since u are not cashing out

Binance is an exchange and Nexo is a bank

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