Home is where most of life happens, and it is rarely finished. There is the renovation you have planned for years, the panels you have been meaning to put on the roof, and the damage after a storm that cannot wait.
With a Bitcoin-backed loan, the Bitcoin you hold becomes security for a fixed-rate loan in Australian dollars. It is held in a segregated wallet uniquely generated for you, and released back to you once the loan is repaid in full.
So the work can start without selling first. Understand the terms before you borrow. 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.
