How do I qualify for a crypto loan?

To qualify, you’ll need to pledge Bitcoin, Ethereum, or XRP as collateral. Bitcoin and Ethereum require a minimum 2:1 ratio to the loan amount, so borrowing $100,000 means pledging $200,000 worth of BTC or ETH. XRP requires 2.5:1, so the same $100,000 loan means pledging $250,000 worth of XRP. You’ll also need to complete Milo’s onboarding and KYC process. State restrictions also apply.

At this time, Milo’s crypto loan program is only available to borrowers with a valid U.S. ID, and funds can only be deposited into a U.S. bank account. Unlike a crypto mortgage, credit history is not part of the approval process.

Related questions

How do I qualify for a crypto mortgage?
What is the minimum loan amount for a crypto loan?
What type of loan products does Milo offer?

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