Borrowing against your crypto: underrated or risky?

I’ve noticed that not many people talk about borrowing against their crypto, but it’s something I’ve started doing recently to manage liquidity without selling my BTC.

I’ve been using CoinRabbit(https://go.coinrabbit.io/rt)—it’s quick, doesn’t require credit checks, and lets me hold onto my crypto even when I need funds. For me, it feels like a good balance of flexibility and security.

What do you think about crypto-backed loans? Are they worth it, or do they carry too much risk?