No, Non-collateral loans are unlikely to be offered by legal crypto lenders because they expose them to losses if borrowers fail to return their debts. However, some crypto lenders may do so in exchange for exorbitant interest rates, lower amounts of lendable assets, or shorter payback terms BUT there are some platforms that offer crypto loans without collateral . However, you need to be aware of some facts before getting such loans . Firstly, the value of what you borrow in real-world fiat currency may wind up being lower than it was when you took out the loan due to the extreme volatility of cryptocurrencies. All cryptocurrency loans are true to this .
Secondly, it's very possible that you could end up becoming a victim of a scam. You must be cautious not to provide information that can put you or your funds in danger, and you must ensure that the company offering the crypto loan does not have a history of misleading customers . Thirdly, collateral-free crypto loans can frequently have interest rates that are significantly higher than those of ordinary crypto loans, making them potentially quite expensive in the long term.
If you want legit Crypto loan platforms, please checkout my recent posts. I simply breakdown everything you need to know .
Reference
https://taxguru.in/finance/bitcoin-loan-collateral.html#:~:text=Non%2Dcollateral%20loans%20are%20unlikely,assets%2C%20or%20shorter%20payback%20terms.
https://www.reddit.com/r/binance/comments/uyjwnp/can_i_get_a_crypto_loan_without_collateral_on/
