Custodial Crypto Loans
While DeFi loans have their advantages, custodial loan platforms may offer more in terms of security than DeFi platforms. Custodial platforms also tend to offer lower crypto loan rates. Furthermore, DeFi is still a developing (thus risky) field.
BlockFi is a New Jersey based crypto asset management company. They service customers worldwide, including 47 U.S. states, with interest earning accounts and low cost USD loans backed by crypto.
To get a loan, you can put up bitcoin, litecoin, or ethereum as collateral.
The company currently offers up to a 50% loan to value (LTV) ratio on your crypto. This means to get a $10,000 worth of loaned assets, you need to put down $20,000 worth in collateral.