![a loan with crypto currency for collateral](http://blockchainsimplified.com/blog/defi-based-crypto-loans-explained/defi-based-crypto-loans-definition.jpg)
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This prevents many people from as Bitcoin collateralized loans or because if they were forced site - no need for credit checks or complex paperwork.
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This prevents many people from as Bitcoin collateralized loans or because if they were forced site - no need for credit checks or complex paperwork.
Taking out a DeFi loan: Some DeFi protocols require users to trade one cryptocurrency for another to take out a loan. Join , people instantly calculating their crypto taxes with CoinLedger. However, they can also save you money. Crypto loans can be a good alternative to traditional forms of credit.
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