The B2X program is amazing. As an active crypto user, I have used many similar platforms. I like that I can essentially double my Bitcoin position immediately. In contrast to normal crypto loans, with this program instead of giving you 50% of whatever you've contributed as the loan, what they do is they take your collateral made by an equal amount, effectively doubling your position and leaving you with the same 50% loan to value that you would find in any other crypto loan. Review collected by and hosted on G2.com.
There are several:
1. Like any of these services, they hold your keys so, in simplest terms, they own your crypto not you so if anything happens to them you will lose everything with little to no recourse. After having been through multiple experiences where companies collapse, there's almost no recourse so you basically lose everything. It's a double-edged sword where yes you get a good yield on your crypto, but the risk is you lose everything for a small percentage gain.
2. They have alerts for their loan positions, however, during big market fluctuations, those alerts are useless. For example, I was liquidated out of a $20,000 position while I was trying to pay off the loan during one of the last big crashes.
3. After more than a year of telling me so, they still don't have partial payment options. So if you do take out a big position, you have to pay the entire thing off at once you can't pay down little chunks meaning when there is a huge market swing you're at a much more serious risk of loss. Review collected by and hosted on G2.com.
The reviewer uploaded a screenshot or submitted the review in-app verifying them as current user.
Validated through a business email account
This reviewer was offered a nominal gift card as thank you for completing this review.
Invitation from G2. This reviewer was offered a nominal gift card as thank you for completing this review.
