Managing wealth with crypto just got easier. Wirex Private, a platform tailored for high-net-worth individuals, has launched crypto-backed loans—allowing clients to borrow up to $10 million without liquidating their digital assets. This new service provides a practical way to access liquidity while maintaining long-term investments in Bitcoin (BTC), Ethereum (ETH), XRP, and other major cryptocurrencies.
How Do Crypto-Backed Loans Work?
Crypto-backed loans function similarly to traditional secured loans but use cryptocurrency as collateral instead of real estate or stocks. This means borrowers can unlock funds while retaining ownership of their crypto assets, avoiding the tax implications and potential market timing risks of selling.
Key Features and Benefits
Custom Loan Terms: Clients can tailor their loan structure to match their financial needs and investment strategies.
Flexible Repayment Options: There are no penalties for early repayments, providing greater financial control.
Strategic Liquidity Access: Borrowers can leverage their crypto assets without selling, preserving long-term gains.
Secure and Compliant: Wirex operates under strict financial regulations to ensure client protection and security.
Who Can Benefit from Crypto-Backed Loans?
This lending solution is ideal for investors who need liquidity but want to continue holding their crypto for potential long-term appreciation. Some common use cases include:
Portfolio Diversification: Access capital for new investment opportunities without selling crypto holdings.
Business Expansion: Secure funding for business growth while keeping assets intact.
Real Estate Investments: Use crypto to fund property purchases without liquidating digital assets.
Tax Efficiency: Avoid potential capital gains taxes by borrowing against crypto instead of selling it.
Learn More
Crypto-backed loans offer a strategic way to access liquidity while preserving your crypto investments. To explore how Wirex Private’s lending solutions can fit your financial strategy, visit the official Wirex Private website.