Where to Borrow Against Your Crypto: Platforms, Rates & What the Math Actually

To borrow against crypto in the US, you can use centralized platforms like Coinbase, Ledn, or Figure. These services let you pledge assets like Bitcoin or Ethereum as collateral for a cash loan, often without a credit check. The key metrics are the APR and the Loan-to-Value (LTV) ratio.

A crypto-backed loan allows you to borrow US dollars by using your digital assets, such as Bitcoin or Ethereum, as collateral. Instead of selling your crypto and creating a taxable event, you pledge it to a lender who gives you cash, which you repay with interest over time. This financial tool provides liquidity while allowing you to maintain your position in the crypto market. The core mechanics revolve around the loan-to-value (LTV) ratio, which determines how much you can borrow against the value of your holdings.

Key takeaways

• A crypto-backed loan lets you borrow cash against your digital assets without selling them, thus avoiding an immediate taxable event.
• The Loan-to-Value (LTV) ratio is the key metric, typically ranging from 25% to 60%, determining your maximum loan amount.
• If your collateral's value drops significantly, you'll face a margin call and potential forced liquidation, which is a taxable event.
• The IRS treats borrowing as non-taxable, but a lender's liquidation of your collateral is considered a sale and must be reported for capital gains tax purposes.
• New developments in 2026, like Fannie Mae's acceptance of crypto-backed mortgages, are expanding the use cases for this type of financing.

What It Actually Means to Borrow Against Crypto

A crypto-backed loan operates on the same principle as a traditional secured loan, like a home equity line of credit or an auto loan. You pledge an asset you own (cryptocurrency) to secure a loan in fiat currency (U.S. dollars). The key difference is the nature of the collateral. Instead of a physical house or car, you transfer digital assets to a lender's custody. This allows you to unlock the dollar value of your crypto holdings for other needs, like a down payment, business expense, or debt consolidation, without having to sell the underlying asset.

Comprendre le fonctionnement d'un crypto asset loan est essentiel pour naviguer sur ce marché.

The phrase "without selling" is critical. By borrowing, you retain ownership of your crypto. If the asset's price increases during the loan term, you benefit from that appreciation. Once you repay the loan plus interest, the lender returns your collateral in full. This structure is particularly attractive to long-term investors who want to access liquidity but believe their crypto assets will gain value over time and wish to avoid triggering capital gains taxes that would result from a sale. Lenders are willing to accept this volatile collateral because they manage their risk through conservative loan-to-value ratios and automated liquidation systems.

How Collateral Works vs. a Traditional Secured Loan

In a traditional secured loan, the collateral is typically a stable or appreciating asset like real estate. The lender assesses its value, places a lien on it, and initiates a lengthy, often manual, foreclosure process if you default. With a crypto loan, the collateral is a highly volatile digital asset. The process is almost entirely automated.

You transfer your crypto to a digital wallet controlled by the lender. They continuously monitor its market value against your loan balance. If the value drops to a predetermined threshold (the margin call level), the system automatically triggers warnings. If you don't add more collateral or pay down the loan, the system can automatically sell a portion or all of your crypto on the open market to repay the debt. This process, known as liquidation, is far faster and more impersonal than a traditional foreclosure.

Which Crypto Assets Are Accepted as Collateral in 2026

The range of accepted cryptocurrencies varies significantly by lender, but a few assets dominate the market. Bitcoin (BTC) and Ethereum (ETH) are the most widely accepted forms of collateral across almost all platforms, a fact noted by industry observers at Enness Global (2026). Their large market capitalizations and relatively established liquidity make them the most trusted digital assets for lenders.

Some platforms are expanding their offerings. For example, Figure, a US-based lender, explicitly accepts Bitcoin, Ethereum, and Solana (SOL) for its crypto-backed loans (Figure.com, 2026). Others, like Nexo, accept a broader range of altcoins, but often with lower loan-to-value ratios to compensate for their higher volatility. As of 2026, you will find it much easier to secure a loan against BTC or ETH than against less common tokens.

Where to Go: 5 US-Accessible Platforms for Crypto-Backed Loans

Finding a compliant and reliable platform is the most critical step for a U.S. borrower. While many international platforms exist, only a handful are fully accessible to U.S. residents due to regulatory constraints. The options range from large, publicly-traded exchanges to specialized crypto-lending firms.

According to a 2026 analysis from CoinLedger, the three crypto lenders most U.S. borrowers can realistically use are Coinbase, Ledn, and Nexo. These platforms have established a track record and navigated the complex state-by-state licensing requirements. Newer entrants and DeFi-powered services are also emerging, providing more options for borrowers who are comfortable with different risk profiles. When comparing platforms, look closely at the annual percentage rate (APR), maximum loan-to-value (LTV) ratio, accepted collateral types, and whether a credit check is required. For a detailed breakdown of providers, you can compare the best platforms to get a crypto loan in the USA.

Pour mieux comprendre les enjeux et les opportunités, il est utile de se pencher sur l'évolution du crypto lending en 2026.

Coinbase: Bitcoin-Backed Loans Starting at 5% APR

As one of the largest and most regulated exchanges in the U.S., Coinbase entered the lending market in January 2025 (Investopedia, Jan 16 2025). It offers a straightforward bitcoin-backed loan product for retail customers in select states.

• Interest Rates: Coinbase advertises rates starting as low as 5% APR, which it claims is "2x lower than other crypto-backed loan options" (Coinbase.com, 2026).
• Collateral: Currently, loans are collateralized by Bitcoin only.
• Key Features: The primary advantages are the convenience for existing Coinbase users and the platform's strong regulatory standing. There is no credit check required, and funds can be deposited directly into a bank account or PayPal.
• Caveat: Availability is limited by state regulations, so not all U.S. customers will have access.

Ledn Crypto: Bitcoin-Only Lending for US Borrowers

Ledn is a digital asset savings and credit platform that has carved out a niche by focusing primarily on Bitcoin. It offers what it calls "Bitcoin-backed dollar loans" to clients globally, including in the United States. Ledn crypto services are known for their transparency and focus on a single, high-quality collateral asset.

• Interest Rates: Rates are competitive but can vary based on the loan term and LTV ratio.
• Collateral: Ledn is a Bitcoin-centric platform, accepting only BTC for its dollar loans.
• Key Features: The platform emphasizes security and a simple, direct borrowing experience. It appeals to Bitcoin maximalists who prefer a specialized service over a multi-asset exchange.
• Caveat: Its focus on Bitcoin means it's not an option for those looking to borrow against Ethereum or other altcoins.

Pour les investisseurs intéressés par ces solutions, il peut être judicieux de se renseigner sur des offres spécifiques comme celles proposées par Lava Crypto Lending qui se concentrent sur les prêts adossés au Bitcoin.

Nexo Lending: Multi-Asset Collateral and Tiered Rates

Nexo is a global crypto lending institution that offers a broad suite of services, including borrowing, earning interest, and a crypto--backed credit card. Nexo lending is known for its flexibility in terms of both collateral and loan currency.

• Interest Rates: Nexo uses a tiered loyalty system. The APR you pay depends on the ratio of NEXO Tokens in your portfolio, with the lowest rates reserved for Platinum-tier users. Standard rates are higher.
• Collateral: Nexo accepts a wide range of cryptocurrencies as collateral, including BTC, ETH, XRP, and various stablecoins.
• Key Features: The platform's "Instant Crypto Credit Lines" allow you to borrow without a fixed repayment schedule, as long as your collateral health is maintained. It also offers the ability to borrow in cash or stablecoins.
• Caveat: To get the best rates, you must hold the platform's native NEXO Token, adding another layer of investment risk. The platform's full range of services can have varying availability in the U.S.

Figure Crypto: Same-Day Approval on BTC, ETH and SOL

Figure is a U.S.-based financial technology company that has expanded into crypto-backed lending. A key differentiator for Figure Crypto is its speed and simplicity, leveraging technology to streamline the loan origination process.

• Interest Rates: Rates are fixed and disclosed upfront during the application process.
• Collateral: Figure accepts Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
• Key Features: The platform advertises same-day approval and funding. Crucially, Figure states that no credit score is needed to qualify for a loan (Figure.com, 2026).
• Caveat: As a newer player focused specifically on mortgages and other loan products, its brand may be less familiar to crypto-native users compared to established exchanges.

LTV Math: How Much Can You Actually Borrow?

The Loan-to-Value (LTV) ratio is the single most important number in a crypto-backed loan. It represents the ratio of the loan amount to the market value of your collateral. Lenders use it to protect themselves from the price volatility of digital assets.

LTV is expressed as a percentage. For example, if you have $50,000 worth of Bitcoin and the lender offers a 50% LTV, the maximum you can borrow is $25,000.

Formula: Loan Amount = Market Value of Collateral × LTV Ratio

Understanding this calculation is the first step. The next is understanding how that ratio changes in real-time as your collateral's price fluctuates, and what that means for your loan's stability.

How Loan-to-Value Ratios Work for Crypto Collateral

Lenders typically offer LTV ratios ranging from 25% to 60% for crypto assets. The specific LTV depends on the quality and volatility of the collateral. Bitcoin and Ethereum usually command the highest LTVs, while smaller, more volatile altcoins will receive lower ratios, if they are accepted at all.

Let's walk through a concrete case:

• Collateral Pledged: 1 BTC, with a current market price of $50,000.
• Lender's LTV Ratio: 50%.
• Initial Loan Amount: $50,000 * 50% = $25,000.

You receive $25,000 in cash, and your loan begins. Your initial LTV is 50%. But this is not a static number. If Bitcoin's price changes, so does your LTV.

• If BTC price rises to $60,000: Your collateral is now worth $60,000. Your new LTV is ($25,000 / $60,000) = 41.7%. Your loan is safer.
• If BTC price drops to $40,000: Your collateral is now worth $40,000. Your new LTV is ($25,000 / $40,000) = 62.5%. Your loan is riskier, and you are likely approaching a margin call.

La gestion des risques est cruciale dans ce domaine, et il est important de savoir comment éviter légalement les impôts sur les cryptos pour optimiser ses investissements.

Calculating Your Liquidation Price Before You Borrow

Before you sign any loan agreement, you must calculate your liquidation price. This is the price your collateral asset (e.g., Bitcoin) can fall to before the lender is forced to sell it to cover your loan. Lenders have a specific liquidation LTV, often around 85% or 90%.

Formula: Liquidation Price = Loan Amount / (Liquidation LTV * Amount of Collateral)

Using our example:

• Loan Amount: $25,000.
• Collateral Amount: 1 BTC.
• Liquidation LTV: Let's assume the platform uses 85%.

Liquidation Price = $25,000 / (0.85 * 1 BTC) = $29,411

This means if the price of Bitcoin drops to $29,411, the platform has the right to start selling your BTC to repay the $25,000 loan. You would lose your collateral and any potential future gains, and the sale itself is a taxable event. Knowing this number is not optional; it's essential risk management.

Why Lenders Keep LTVs Conservative on Volatile Assets

The reason LTV ratios for crypto loans seem low compared to, say, a mortgage (where 80% LTV is common) comes down to one word: volatility. As Enness Global noted in a 2026 report, crypto prices can move dramatically in short periods, so lenders must maintain a substantial buffer to protect themselves.

A house price might drop 10% in a bad year. Bitcoin can drop 20% in a single day. A conservative initial LTV (like 50%) gives the lender room for the collateral's value to fall without immediately putting the loan underwater. This buffer is what makes the business model viable for lenders and is a non-negotiable feature of the crypto lending market. For borrowers, it means you can't unlock the full value of your crypto, but it also creates a safety margin that can prevent instant liquidation during a flash crash.

Liquidation Mechanics: What Happens When Prices Drop

The most dangerous aspect of a crypto-backed loan is a forced liquidation. This happens when the value of your collateral falls below a critical threshold and you fail to respond to a margin call. The classic mistake is to "set it and forget it." Unlike a traditional loan with fixed monthly payments, a crypto loan requires constant monitoring of your collateral's health, as markets operate 24/7.

Pour évaluer les risques associés à ces plateformes, il est pertinent de se demander à quel point Coinbase Lending est risqué.

A forced liquidation is not just a financial loss; it is a taxable event. The lender sells your crypto on your behalf to repay the debt. For tax purposes, this is identical to you selling it yourself. You will realize a capital gain or loss based on the difference between the sale price and your original cost basis for the crypto. Ignoring a margin call can lead to a cascade of negative consequences: permanent loss of your assets at a market bottom and an unexpected tax bill. This is why understanding how crypto loan companies structure their products is so important.

How to Avoid a Forced Liquidation: Buffers and Alerts

When your LTV ratio rises to a predetermined level (e.g., 70%), the lender's automated systems will initiate a margin call. The sequence is typically swift and programmatic.

1. Margin Call Warning: You will receive an automated notification, usually via email or app alert, that your LTV has breached the warning threshold. The message will urge you to take action to restore your LTV to a safer level.
2. Remediation Window: You are given a short period, sometimes just a few hours, to remedy the situation. You have two options:
   • Add more collateral to your loan wallet.
   • Pay down a portion of the loan principal with cash or stablecoins.
3. Partial Liquidation: If you fail to act and the price continues to drop, the system may begin selling small amounts of your collateral to bring the LTV back into compliance.
4. Full Liquidation: If a severe and rapid price drop occurs, or if you ignore all warnings and the liquidation LTV (e.g., 85%) is hit, the system will sell as much of your collateral as needed to close out the loan entirely. The process is automated and final.

How to Avoid a Forced Liquidation: Buffers and Alerts

The best way to manage liquidation risk is to be proactive. Avoide borrowing the maximum amount allowed.

• Maintain a Personal Buffer: If a platform offers a 50% LTV, consider borrowing at only 30% or 35%. This creates a much larger buffer before a margin call is even possible. A lower LTV means the asset price has to fall much further to trigger a warning.
• Set Personal Price Alerts: Don't rely solely on the lender's notifications. Use a third-party crypto price app to set alerts for your collateral asset at prices well above your calculated liquidation price. If your alert for Bitcoin at $35,000 goes off, you have time to act before it hits the liquidation price of $29,411.
• Keep Repayment Funds Ready: Have a plan for how you would respond to a margin call. Keep cash or stablecoins readily available so you can quickly pay down the loan principal if needed, rather than scrambling to sell other assets or deposit new funds, which can take time.

IRS Tax Treatment: Does Borrowing Trigger a Taxable Event?

One of the primary motivations for borrowing against crypto is tax efficiency. The Internal Revenue Service (IRS) provides guidance that clarifies the distinction between a loan and a sale. According to IRS Notice 2014-21, virtual currency is treated as property for federal tax purposes. This means the principles that apply to borrowing against stocks or real estate also apply here.

Taking on debt is not a disposal of property. When you receive a loan, you are not selling your crypto, so you do not trigger a taxable event. You realize no capital gains, and you don't have to report the transaction as income. This is a significant advantage over selling, which would require you to calculate and pay capital gains tax on any appreciation. However, this tax deferral only lasts as long as you maintain control of the loan and avoid liquidation. More details can be found by understanding crypto lending rates and IRS rules explained.

Borrowing vs. Selling: The Core Tax Distinction

The core tax distinction is simple: a loan is not a sale. When you take out a loan, you retain ownership of the collateral. You are simply using its value to secure debt. From the IRS's perspective, no property has changed hands in a way that realizes a gain or loss. This allows you to access the dollar value of your assets without incurring an immediate tax liability.

Contrast this with selling. If you sell $50,000 of Bitcoin that you originally purchased for $10,000, you have a $40,000 capital gain. You would owe taxes on that gain in the year you sell. By borrowing $25,000 against that same Bitcoin, you create no immediate tax obligation. You get the liquidity you need while your original investment continues its journey, for better or worse.

When Your Lender Liquidates Your Collateral: Capital Gains Apply

The tax-deferred status of a crypto loan shatters the moment your lender liquidates your collateral. If your LTV breaches the liquidation threshold and the lender sells your crypto to cover the debt, the IRS views this as a disposition of your property. At that moment, a taxable event is triggered.

The lender is effectively selling the asset on your behalf. You must calculate the capital gain or loss based on the difference between the fair market value of the crypto when it was sold and your original cost basis. The lender will typically provide you with a transaction record, but you are responsible for reporting this on your tax return. A sudden market crash can result in the double injury of losing your collateral and facing a significant, unplanned tax bill.

Face à ces risques, explorer des alternatives aux prêteurs de crypto peut être une solution pour diversifier ses options.

IRS Reporting Requirements for Digital Assets in 2026

The IRS is increasingly focused on digital asset transactions. On its website, the agency explicitly states, "You may have to report transactions involving digital assets such as cryptocurrency and NFTs on your tax return" (irs.gov). This includes sales, exchanges, and payments.

For the 2026 tax year, you will be required to answer a question on your Form 1040 about your digital asset activities. While simply taking out a loan is not a reportable transaction, the liquidation of your collateral by a lender absolutely is. You would report this sale on Form 8949, "Sales and Other Dispositions of Capital Assets," and carry the totals over to Schedule D. The IRS notes that its FAQs generally apply to transactions completed before January 1, 2025, and updated guidance may apply for later years, making professional consultation even more vital.

Crypto-Backed Mortgages: A New Use Case in 2026

A significant evolution in the crypto-backed loan space emerged in 2026 with the introduction of crypto-backed mortgages. This represents a major step in bridging the gap between digital asset wealth and traditional finance, particularly the real estate market. It allows crypto holders to use their assets for a down payment without having to liquidate large positions.

This development moves beyond short-term liquidity and into long-term, foundational financial planning. While the concept has been discussed for years, major institutional backing has made it a reality for some U.S. homebuyers. The structure allows borrowers to meet down payment requirements while keeping their crypto, hoping for future appreciation to offset the cost of the mortgage.

Fannie Mae's 2026 Policy Shift and What It Means for Buyers

In a landmark move, The Wall Street Journal reported in March 2026 that Fannie Mae, a government-sponsored enterprise that is a cornerstone of the U.S. housing market, will now accept crypto-backed mortgages. This policy shift was enabled through a partnership between Better Home & Finance and Coinbase.

Under this new program, homebuyers can pledge Bitcoin and other cryptocurrencies as collateral to secure the funds needed for a down payment on a home. This is a significant change, as previously, mortgage underwriters required funds to be "seasoned" in a bank account, which necessitated selling crypto well in advance. This new offering streamlines the process, though it is still in its early stages and regulatory details are evolving. It provides a powerful new tool for digitally-native buyers to enter the housing market.

Risks, Scams and Regulatory Flags to Know Before You Borrow

While borrowing against crypto offers unique benefits, it also comes with a distinct set of risks that differ from traditional finance. These risks range from the security of the platform itself to the potential for scams and the uncertain regulatory environment. Before you transfer collateral to any lender, you must understand these potential pitfalls.

The market is still maturing, and the protections available to consumers in traditional banking are not always present. The Federal Trade Commission (FTC) warns that cryptocurrencies generally lack the robust dispute-resolution processes that come with credit cards (consumer.ftc.gov). If you send your collateral to a fraudulent platform, there is often no way to get it back. Awareness and due diligence are your primary defenses.

Custody Risk: Who Holds Your Collateral?

When you take out a centralized crypto-backed loan, you are transferring your assets to the lender's control. This introduces custody risk. You are trusting that the platform has ironclad security to prevent hacks and that the company itself is financially solvent. If the lending platform goes bankrupt, your collateral could be tied up in lengthy legal proceedings, and you may not get it back in full.

This is not a theoretical risk; several large crypto lenders have failed in recent years, freezing customer assets. Before choosing a lender, research their custody solution (do they use a qualified third-party custodian?), their insurance policies, and their financial transparency (are they a publicly-traded company subject to audits?). Non-custodial DeFi lending protocols offer an alternative where you retain more control, but they come with their own smart contract and technical risks.

How to Spot a Fraudulent Crypto Lending Platform

The crypto space is a prime target for scammers who create sophisticated fake lending platforms. These sites often mimic legitimate services but are designed solely to steal your collateral.

• Red Flags: Be wary of platforms promising "guaranteed" high LTVs (e.g., 90% on BTC), unusually low interest rates with no fees, or pressure to act immediately.
• Check for Legitimacy: Verify the company's physical address and registration status. Look for a long-standing public presence, reviews on reputable financial sites, and transparent leadership.
• Phishing Scams: Be alert for unsolicited emails or social media messages directing you to a lending site. Always type the platform's URL directly into your browser or use a trusted bookmark.

The U.S. Securities and Exchange Commission (SEC) has also been active, issuing statements on tokenized securities and lending product disclosures as recently as January 2026 (sec.gov). This signals that regulators are watching closely, but enforcement does not always prevent fraud before it happens.

Step-by-Step: How to Apply for a Crypto-Backed Loan

Once you have compared platforms and understand the risks, the application process for a crypto-backed loan is typically faster and simpler than for a traditional loan. Because the loan is over-collateralized, lenders are less concerned with your credit history and more focused on the value of your digital assets. Most platforms feature a streamlined online application.

The entire process, from application to funding, can often be completed the same day. The key is to have your crypto ready to transfer and to have completed the platform's identity verification (KYC) process beforehand. The steps are generally consistent across all major centralized lenders.

Before You Apply: Checklist of What You Need

Before you begin an application, gather the necessary information and assets to ensure a smooth process.

1. Assess Your Collateral: Decide which crypto asset you will use (e.g., BTC, ETH) and how much you are willing to pledge. Remember to borrow less than the maximum LTV to create a safety buffer.
2. Choose a Platform: Based on APR, LTV, accepted assets, and security, select the lender that best fits your needs.
3. Complete Identity Verification (KYC): All compliant U.S.-based platforms will require you to verify your identity by providing a government-issued ID and personal information. Complete this step in advance.
4. Secure Your Account: Enable two-factor authentication (2FA) on your account for an essential layer of security.
5. Have Your Bank Details Ready: You will need to provide the account information for where you want the loan funds to be deposited.

After Funding: How to Monitor Your Loan Health

Receiving the funds is not the end of the process. A crypto-backed loan requires active management to protect your collateral.

• Bookmark Your Loan Dashboard: Keep the page that shows your current LTV easily accessible.
• Set Up Alerts: Make sure you have enabled all possible notifications from the lender (email, SMS, push notifications) so you are immediately aware of a margin call.
• Monitor the Market: Pay attention to the price of your collateral asset, especially during periods of high volatility. This allows you to be proactive rather than reactive.
• Plan Your Repayments: Understand your loan's interest rate and repayment terms. While some loans offer flexibility, regularly paying down interest or principal can help improve your LTV and reduce overall costs. Most platforms, including Figure and Uphold, do not require a credit check, making active loan management even more critical (Figure.com, 2026; Morningstar, 2026).

Strategies: When Borrowing Against Crypto Makes Sense (and When It Doesn't)

A crypto-backed loan is a specialized financial tool, not a one-size-fits-all solution. Using it effectively requires a clear strategy and an honest assessment of the risks. It makes sense in situations where accessing liquidity without selling is a top priority. However, in other scenarios, the risk of liquidation and the cost of interest may outweigh the benefits.

The decision to borrow should be driven by a specific, short-term funding need and a strong conviction in the long-term value of your collateral. Using the loan proceeds for speculative purposes, such as buying more volatile crypto assets, dramatically increases your risk profile and can lead to a rapid, cascading loss of your entire position.

Scenarios Where a Crypto-Backed Loan Fits

In certain contexts, a loan against crypto is a rational financial move. These scenarios typically prioritize tax efficiency and the retention of a core asset.

• Avoiding a Taxable Event: The most common use case. If you have a large, low-cost-basis crypto position, borrowing provides access to cash for a major purchase (like a car or home improvement) without incurring a large capital gains tax bill.
• Short-Term Business Funding: A business owner who needs to make payroll or purchase inventory can use a crypto loan as a bridge to cover short-term liquidity gaps without selling their personal investments.
• Real Estate Purchases: As highlighted by the new Fannie Mae policy (WSJ, 2026), using a crypto loan for a down payment is becoming a viable strategy. As one Reddit user noted in a top search result, "The best way to borrow against BTC is to hold BTC, THEN borrow to buy real estate against your income" (reddit.com, 2026). This keeps your crypto position intact while securing a traditional, income-based mortgage.

When the Risk-Reward Math Does Not Work in Your Favor

Conversely, there are times when taking out a crypto-backed loan is an extremely high-risk strategy that is likely to end poorly.

• Leveraged Trading: Using the loan proceeds to buy more cryptocurrency is a form of leverage. If the market turns against you, your original collateral is at risk of liquidation, and the new crypto you purchased will also lose value, creating a devastating double loss.
• Funding Consumption or Speculation: Borrowing to pay for vacations, luxury goods, or to speculate on high-risk ventures is generally unwise. The interest cost and liquidation risk are too high for non-essential spending.
• Borrowing Near Market Highs: If you take a loan when crypto prices are at an all-time high, your position is maximally vulnerable to a market correction. A sharp price drop could trigger a margin call almost immediately, giving you little time to react. It is often safer to borrow after a market has consolidated.

Sources

• irs.gov
• irs.gov
• consumer.ftc.gov
• sec.gov
• investopedia.com
• morningstar.com

The information provided here is general in nature and is not a substitute for advice from a licensed financial advisor. Review your situation with a professional before committing.