If you believe in your crypto, selling it to cover a short-term cash need is the one move you'd rather not make. No sale, and because borrowing isn't a sale, generally no capital-gains event (this isn't tax advice—check with a professional on your situation). The CeFi lender collapses of 2022 taught the market a hard lesson: "crypto lender" and "licensed lender" are not the same thing. Figure Lending LLC is a licensed lender (NMLS #1717824)—a materially different risk profile than an unregulated offshore platform holding your coins. Crypto-backed loans aren't for everyone—if a margin call would keep you up at night, this isn't your tool.