In a nutshell, no, we are not able to sell (or liquidate) your collateral to pay back a loan.
Celsius is a HODLing platform, which means that it is in our users best interest to have the coins stored in their wallet.
Paying back the loan by selling collateral is something that we don't currently offer.
However, there are 2 situations in which we can liquidate collateral.
- When there is interest payment default. This means you are not paying your interest payments.
- When there is a margin call default. This means that you are unable to resolve the margin call. More about margin calls can be found here
For more information on how to close a loan, please follow our guides - here for stablecoins loan and here for USD loans.
You can also watch the video below which explains how you can pay off a loan early.
If you have any questions, please contact our loan support team at email@example.com. We are here to help!