As President Donald Trump recently met with “Supreme Leader” Kim Jong Un, the world watched in awe. Was this the beginning of North Korean leaders giving up their reign and joining the rest of the world in cooperation? Probably not. North Korea is still up to their same old tricks. Allegedly the country is using hacking techniques to avoid economic sanctions.
NORTH KOREA USING CRYPTO TO FUND NUCLEAR PROGRAM?
As a result of its nuclear program, North Korea has had intense economic sanctions put on them. As a result, this has impacted its exports of coal and foreign exchange earnings. But they are a creative bunch over there. Allegedly, Kim Jong Un is using illegal cryptocurrency activities to go around the sanctions and receive money. Furthermore, it’s well known they are hacking exchanges to receive funding. So how can you be sure your crypto is safe on an exchange? Well, here is a solution.
USE BITCOIN MICRO LOANS TO AVOID NORTH KOREA HACKERS
If you are afraid of keeping your money on exchanges, then that’s a good thing. You shouldn’t have crypto on an exchange anyway. It’s now common knowledge to keep your crypto secure it an offline, cold wallet or even better, an external wallet like a Ledger or Trezor.
But what if you want to get cash for your crypto? Another option to get cash without even selling your crypto on an exchange is crypto lending platforms. These platforms let you do bitcoin micro loans or even large crypto backed loans in exchange for your crypto as collateral. You can use this money to invest in more crypto, pay mining expenses or anything you can think off. After paying back the loan, you get your crypto returned.
WHAT IS THE BEST BITCOIN MICRO LOANS?
There are a variety of crypto lending platforms, but if you want the best one to keep you safe from North Korea, then try YouHodler. Ok, maybe they cannot guarantee protection from North Korea but they do offer the most collateral options, highest loan to value ratio and most convenient deposit/withdrawal options. So if you’re looking to get cash without selling your crypto, then check them out today.