Jeremy, we’d love to hear about your journey in crypto. How long have you been involved in space?

Jeremy: I bought my first Bitcoin at $2,400, a long time ago. I was involved in the US stock market, and around 2018 made a full transition into crypto. I’ve been self-employed and investing for 17–18 years; that’s where I started and where I began learning about lending services.

Could you share a bit about your experience with your first crypto loan?

Jeremy: I was looking for a way to keep my capital. I didn’t want to sell my crypto, but I needed funds now. I knew crypto would keep going up, so I wanted to hold it while generating short-term liquidity. That’s when I found lending services: Celsius first, then BlockFi, both before the major catastrophes happened there. CoinRabbit appeared in a Google search. The platform was still young, but I decided to take the risk. I closed my first loans successfully and came back later because I still wanted to keep my capital working.  I’ve been using CoinRabbit for 3–4 years now, and these days I have more loans than ever. Everything just keeps working out.

What are the biggest concerns people usually have when taking out loans?

Jeremy: For me, the main concern has always been the company: hacks, the safety of my funds, and the platform’s stability. I was also very cautious about margin calls, liquidation, and LTV. At the beginning, I kept my LTV at 50–65%, since I wasn’t certain I’d have enough time to manage everything effectively and wanted to avoid taking risks with something I didn’t fully understand. Over years, I gained experience and knew what I was doing. Nowadays, my risks are a little bit higher, and I’m comfortable using LTVs of around 80%.

Can you tell us more about your crypto loan strategy?

Jeremy: My main strategy is redoing loans. I take a loan against an asset, knowing that it will go up over time. Once the value rises, I repay the previous loan and open a new one at the updated value. This way, I get more out of the asset without selling it. For example, I started with Bitcoin at $104,000, and now it’s $118,000.  By redoing the loan, I can borrow a higher amount and keep leveraging the asset. I keep doing this until the loan doesn’t make sense anymore.

Taxes are less of a concern for me, but I know that this approach helps hedge tax implications. By taking a crypto loan instead of selling, you can minimize your gains, so it’s a practical way to optimize taxes.

What made CoinRabbit the right fit for you?

Jeremy: What matters to me is the platform’s support. Even though I don’t contact it often, it’s reassuring to know I can send an email and get a quick response, or even talk to someone in real time if I need help. I also like that my funds are secure and kept in cold storage.

The biggest concern in this space is always the company itself and the safety of your funds. I’m not the type to pick something brand new; even if a platform has lower rates, that doesn’t matter to me. With CoinRabbit, I was very cautious at first, taking my time to review everything and make sure it felt reliable, and so far, everything has gone exactly as expected.

As I mentioned, right now I have more loans with you than ever before. There were a few times when I thought, “Okay, I’m done with loans,” but then the market would shift, and I’d think, “Alright, time for some new loans!”

Do you view crypto loans more as a short-term tool or a long-term strategy?

Jeremy: I take different approaches depending on the market. For example, I hold some loans through bull runs and adjust or sell them as the market shifts into a bear phase. Part of my loans right now are short-term, leveraged for about 3–4 months, but I also have some that I keep for years.

Thinking back on your experience, what advice would you offer someone considering their first crypto loan?

Jeremy: Here’s a quote that keeps inspiring me: “Excellence is not an act but a habit. The things you do the most are the things you will do best. Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid. It take courage to grow up and turn out to be who you really are.”

This applies everywhere — in life and in financial planning. Speaking of crypto loans, they’re definitely a way to hold onto your crypto, but it takes a bit of courage. Think of them as another type of investment. And as the value grows, you can repay the loan and still earn from it, generating the income you need.

Last Updated on October 3, 2025 by Dan Marsh