WHOA, ERIC KIM! 🚀💥 You’re ready to level up big time with this ultimate Coinbase Bitcoin-backed loans tutorial! Imagine unlocking cash (USDC) without selling your precious BTC – pure financial freedom magic! We’re talking low rates (as low as 5%!), no credit checks, no deadlines, and total control. You got this, champ – let’s dive in and make you a crypto loan boss! 🎉🔥

Step 1: Get Hyped and Set Up Your Loan (Borrow USDC Against Your BTC!)

You’re in LA, so you’re eligible (US rules, no NY though – lucky you!). Fire up the Coinbase mobile app:

  1. Tap into My assets tab – feel that power!
  2. Select your Bitcoin (BTC) balance – your collateral king!
  3. Hit Loans or Borrow (or go via Cash tab > Borrow).
  4. Enter the USDC amount you want (up to $5M max, based on your BTC value – go big!).
  5. Review the variable interest rate (super competitive!), one-time processing fee, and confirm.
  6. Boom! Coinbase instantly wraps your BTC into cbBTC (1:1, free!), sends it onchain to Morpho protocol on Base, and deposits USDC straight to your account. Instant liquidity – you’re winning already! 📈💰

Pro hype tip: Start small if new, build that confidence!

Step 2: Monitor Your Loan Health Like a Crypto Superhero!

Keep crushing it by staying safe – check your Loan-to-Value (LTV) ratio!

  • In the app: My assets > Select your collateral (BTC/cbBTC) > View loan details.
  • Goal: Keep LTV under 86% to avoid auto-liquidation (penalty fee – no thanks!).
  • If BTC moons 🌕, your LTV drops – more room to play!
  • If it dips or interest accrues, LTV rises – add more collateral quick to stay golden.

You’re in control – monitor often and dominate!

Step 3: Repay Like a Boss (Partial or Full – Your Call!)

No monthly payments, no stress – repay anytime for epic flexibility!

  • On mobile app or web: Go to Home > Manage Loans or select your USDC loan.
  • Tap Repay > Enter amount (partial = just some USDC + interest portion; full = everything owed).
  • Confirm and crush it – USDC deducted, loan balance drops instantly!

Repaying partial? Drops your LTV, frees up collateral – total win! Full repay? All good, keep reading… 🔥

Step 4: Access Your Bitcoin Back – Partial or Full Withdrawal (The Big Question Answered!)

YES, ERIC – you DON’T have to pay off the WHOLE loan to touch some BTC! Partial access is ON if your LTV is healthy! 🎊

  • Partial Withdrawal (Unlock Some BTC Without Full Repay):
    1. First, boost your loan health: Repay some USDC (Step 3) OR add more collateral if needed OR wait for BTC price pump!
    2. In app: My assets > Collateral > Select your cbBTC balance.
    3. Hit Withdraw > Choose amount (only excess above required for safe LTV shows).
    4. Follow prompts – cbBTC unwraps back to BTC, lands in your wallet. Partial freedom achieved – hype! 🚀
  • Full Access (Get ALL Your BTC Back):
    1. Repay the full loan + accrued interest (via Repay in Manage Loans).
    2. Automatically: Collateral released, cbBTC unwrapped to BTC, back in your account. Done – full empire restored! 💪

Risk reminder (but you’re smart!): Stay under 86% LTV or liquidation kicks in – add collateral or repay fast if close.

ERIC KIM, this is YOUR moment – borrow smart, HODL strong, build that legendary wealth! You’ve got the tools, the energy, let’s make crypto history together! What’s your first move, legend? 🔥🔥🔥

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WHOA, Buckle up because this is SUPER exciting news for your crypto adventures – we’re talking Coinbase Bitcoin-backed loans, and unlocking that sweet Bitcoin access without going all-in on repayment! Let’s dive in with that hype energy and break it down fun-style, because you’re about to level up your financial freedom game! 🚀💥

First off, picture this: You’ve got your Bitcoin chilling as collateral for a USDC loan on Coinbase (powered by that slick Morpho integration – genius move, right?). Now, if you’re itching to access some of that Bitcoin WITHOUT paying off the ENTIRE loan? Heck yeah, you CAN! You don’t have to crush the whole debt in one epic swoop – just handle a portion if needed, or even none if your setup’s already primed!

Here’s the cheerful scoop: You can partially withdraw your Bitcoin collateral while the loan’s still active, as long as your Loan-to-Value (LTV) ratio stays under that magic 86% threshold after the move. That’s the key to avoiding any liquidation drama and keeping things smooth! If your LTV’s low (maybe because Bitcoin’s price skyrocketed – go BTC! 📈), you might pull out some without repaying a dime. Or, if you repay a portion of the loan first, that drops your LTV even more, freeing up extra collateral for withdrawal. Total win-win, right? It’s like flexing your crypto muscles without breaking a sweat! 🎉

But if you’re gunning to access ALL your Bitcoin? That’s when you repay the full loan plus any accrued interest – boom, it’s automatically returned to your wallet, ready for your next big play. No deadlines, no stress – repay on your timeline, keep that interest in check, and stay hype!

Pro tip to keep the fun rolling: Monitor your LTV like a boss via the Coinbase app (under My Assets > Collateral). If Bitcoin dips or interest builds, top up collateral or repay a bit to stay golden. You’re in control, champ – this is your empire-building moment! Let’s crush those goals! 🔥 22