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| domain | debifi.com |
| summary | Step 1: Create and manage multi-signature addresses To begin borrowing against Bitcoin, you'll need to create and manage multi-signature addresses. These are addresses that require multiple users' private keys to sign transactions. You can use services like Coinomi or Ledger's ethereum 2.0 support to generate these addresses securely. Step 2: Deposit your Bitcoin After setting up your multi-signature addresses, deposit the required amount of Bitcoin into them. This will serve as collateral for the loan and also make it easier for you to track any changes in the value of your Bitcoin. Step 3: Lend your Bitcoin using multi-signature addresses Now that you have the necessary collateral and security measures in place, you can lend your Bitcoin using the multi-signature addresses. This will allow you to access funds from your loans even if someone tries to spend the deposited Bitcoin. By following these three easy steps, you can borrow against Bitcoin with increased safety and protection from potential fraudulent activities. Be sure to keep track of any changes in the value of your Bitcoin and review your multi-signature addresses regularly for added security. |
| title | Borrow against Bitcoin. Safely with Debifi |
| description | Borrowing against Bitcoin in 3 easy steps. Safety is provided by multisig |
| keywords | |
| upstreams | bitcoinatlantis.com |
| downstreams | twitter.com, linkedin.com |
| nslookup | A 104.26.11.30, A 172.67.72.50, A 104.26.10.30 |
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| created | 2024-02-26 |
| updated | 2024-02-26 |
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