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Sorry, taxes comment was out of place. Just frustrated. The loans aren't interest free, they have a variable rate determined by supply and demand. For USDC its
by almostkorean 4y ago
Sorry, taxes comment was out of place. Just frustrated.
The loans aren't interest free, they have a variable rate determined by supply and demand. For USDC its been pretty steady around 3%. There was a day or two last year where it spiked to 40% when Justin Sun removed billions of his capital.
In response to wire transfer, I was more complaining about having to be at a physical bank branch to do it. Not sure if that is unusual either.
edit: Just remembered that normally I wouldn't have to physically go to the bank. I had to do so to make sure it arrived in time for the signing. I think they told me it would take a day or two if I did it online/over phone? But being there in person they said it would "probably" arrive in a couple hours
- omni 4y agoI was referring to your loan to your family member, not the interest-bearing crypto loan.