The biggest costs in life are often the ones you would never put off: a procedure, a child's schooling, a parent who needs a hand. They arrive when they arrive, not when it suits you to sell.
A Bitcoin-backed loan lets you use what you already hold as security for a loan in Australian dollars. Your Bitcoin sits in a segregated wallet uniquely generated for you, and is released back to you once the loan is repaid in full.
That way the care, the classroom or the help at home does not have to wait for a sale. As with any loan, understand the terms first. If the price of Bitcoin falls, you may need to add collateral or pay down the loan, and if you do not, some or all of your Bitcoin can be sold to cover what you owe.
