How To Borrow Against Your Bitcoin (Using Aave)

Описание: If you own Bitcoin and need access to cash, the best way to do that is by not selling your Bitcoin. In this video, I'm going to show you how to take out a Bitcoin-backed loan so you can have that cash without triggering a taxable event.

For more strategies on how to borrow against your Bitcoin visit: https://milkroad.com/borrow/btc/

0:00 – How to Borrow Against Your Bitcoin (Intro)
0:30 – What You Need: Wallet, Wrapped Bitcoin, ETH
1:10 – Connecting Wallet and Choosing Blockchain on Aave
2:00 – Supplying Bitcoin as Collateral (Step-by-Step)
3:40 – Borrowing USDC Against Your Bitcoin
5:30 – Repaying Your Loan and Getting Bitcoin Back

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📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. The speakers are not licensed financial advisors or registered investment advisors. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. The speakers do not guarantee any specific outcome or profit. Viewers should consult with a qualified financial professional before making any investment decisions.