Does anyone know what will happened to my loan if

Question

Celsius Community

Crypto Newbie 🇵🇭

Does anyone know what will happened to my loan if

it matures and I did not pay the loan value, what will happened to my collateral?

0

04.07.2022

3 ответов

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Crypto Newbie 🇵🇭 Автор вопроса

I guess that the better option rather than depositing without knowing if you will get your btc back

0

04.07.2022

Marko

Best to connect with the loans team at loans@celsius.network and they will provide more information. Make sure you are writing from your Celsius account related email.

0

04.07.2022

R · Accepted Answer

R

Crypto Newbie 🇵🇭
I guess that the better option rather than deposit...

Yes absolutely, take the 3% hit and immediately use the principal you would have paid to Celsius and buy spot btc on strike or something. Withdrawal to cold storage, not your seed phrase/not your keys/not your coins

0

04.07.2022

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