Topic: 0.008 BTC loan. 15$ iTunes card for collateral (Read 501 times)
Your gift card is not valid collateral and is useless here. You be better keeping trying to sell it, for no one will loan against that here. Also not a good idea to try to get a loan for what you once attempted to sell. Bad for business.
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
You have 48 negative feedbacks and you're telling me? Lmao
what does it matter with your useless gift cards?
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
You have 48 negative feedbacks and you're telling me? Lmao
He may have negative feedback but he is speaking the truth, and since you know about the system, you should already know that isnt a valid collateral. If you present valid collateral that worth 120% of that you are asking, people will cover the loan request. Without that, youre out of luck and you may also get flagged soon if you dont provide collateral or lock this thread.
EDIT: Looks like OP is trying to sell the gift card that he is also trying to use as collateral for the loan. http://archive.is/1C7J8 http://archive.is/T1LAV
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
You have 48 negative feedbacks and you're telling me? Lmao
Gift card is indeed not a valid collateral as QS mentioned.
A valid collateral should be irreversible and the lender doesn't need to trust the person taking out the loan to not spend the collateral. With a gift card code you can spend the gift card as soon as you receive the bitcoins.
I suggest you try go to digital goods and sell your gift card instead.
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
You have 48 negative feedbacks and you're telling me? Lmao
Maybe thats why he told you that...?
you are a newbie here perhaps you should read what would consider a valid collateral.
https://bitcointalksearch.org/topic/m.6311902
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
You have 48 negative feedbacks and you're telling me? Lmao
Gift cards cannot be used as collateral because the lender will need to redeem the gift card in order to check its value (and to prevent someone else from redeeming it).
Plz PM or message here
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