# Hello Hive 


![Screenshot_20220829041919.png](https://i.imgur.com/JuMykow.png)


Crypto and blockchain is something that we all have taking great courage to join in order to earn more or keep our monies in decentralized states within the control of our finger tips. 

Crypto is meant to liberate us rather than cake us in lifetime of debt. 
Most starters may not have enough capital or knowledge of Crypto and we have exchanges and platforms seeking to borrow people Crypto loans in order to make profit and pay back their token of the borrowers amount and a percentage of the interest. 

Taking loans has never been an appropriate way to attain financial freedom,  Crypto loans inclusive. 
One of the reasons is the interest rate that accumulate in no time. 
The exchanges who borrowed you loans are waiting for their money and interest back,  meanwhile you are really still new in Crypto and yet to understand the volatility of market. 

Every Crypto newbie may end up losing the borrowed Crypto amount if he makes a wrong trade with no guide. 
A bigger problem then emerges and the race to source for the borrowed tokens begins. 

Taking loans to start any business including Crypto trading is not advisable if you don't want to land in eternity of debt instead of financial freedom. 

A better approach is to seek for capital and patiently observe and learn more about the markets before while waiting before investing and hence proceeding to make your first trade. 


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@monica-ene/limitations-of-crypto-loans-and-how-one-can-end-up-in-lifetime-debt)