The latest #Bitcoin crash has been rough, especially for anyone with BTC-backed loans. One thing that helped a lot of our members at Xapo Bank is that we restrict loans to 40% of their Bitcoin’s value – it gives an extra buffer when the market suddenly drops. But even with that, liquidations can still happen if you don’t stay on top of your loan health. We’ve put together a short, practical breakdown of 5 ways to reduce your liquidation risk (things like how much to borrow, keeping spare BTC aside, and reacting quickly when your Loan-to-Value (#LTV) moves). If you’re using your Bitcoin as collateral or thinking about it, this might be useful: 5 ways to protect your Bitcoin from liquidation: https://www.xapobank.com/en/blog/avoid-btc-loan-liquidations

Miker ser. Thank you for your service.

It's what has to be done when working in the UK 🇬🇧

There was a mix of people there for sure. Tradfi people, crypto business owners but also maxis. Next time we have one I'll be sure to introduce you.

Thanks for the mention. Love #nostr 🫡

It was great to meet you Mike, thanks for coming.

Just make sure you have a good time Mr Hardcastle and remember to raise a glass for me...

Haha thanks for that Mike 👊

Good question. For fiat FX on card spend we use the card network’s rate with 0% FX fee from us, no hidden markup. For BTC↔USD conversions in-app, we quote you live pricing with a small, transparent spread (around 0.10%) included in the quote, and you see it before you confirm.

Great to hear this feedback. To be here as long as we have and to have this level of service and keeping it human in an ever changing world 🙏 It's what hopefully sets us apart, well this and the levels of security we go to.