Acceptable Collateral - page 2. | Bitcointalksearch.org

MaritiJames3

sr. member

Activity: 448

Merit: 250

Quote from: FruitsBasket on December 07, 2015, 04:57:49 PM

Quote from: wolfsoprano on December 07, 2015, 04:55:02 PM

Hello,

New user to the site, and have traded on other exchanges. Curious to know what are acceptable forms of collateral for lending out bitcoins. (I would lend the bitcoins)

The best collateral is altcoins which are known and sell wuickly, like DOGEcoin and Litecoin.
Also bitcointalk accounts have value, but don't over estimate it.
Don't accept giftcards because they sell at 30-50% of the value or they won't sell if the loan is defaulted.

Good luck!

I would go for that too. Altcoins with a large daily volume. Accounts, be it BCT or from other sites is just too much of a hassle. People can retrieve it or the account is worth nothing, so you can't sell it.

Lending money with money as collateral.

Sir_lagsalot

sr. member

Activity: 392

Merit: 251

It is what collateral is. A stablely priced good that can be resold in the case of a scam, so the lender can make back the money he/she lost. It's that simple. You really don't have to worry. Look at other threads, and see what people have offered as collateral and see if they've been denied.

Some valid forms of collateral are:
- Bitcointalk accounts; provided there is a signed message
- Stable altcoins
- Anything that is easy to sell, and has a consistent value.

btcdevil

legendary

Activity: 1302

Merit: 1027

Quote from: wolfsoprano on December 07, 2015, 04:55:02 PM

Hello,

New user to the site, and have traded on other exchanges. Curious to know what are acceptable forms of collateral for lending out bitcoins. (I would lend the bitcoins)

collateral for lending out bitcoins are some told of altcoins, but be carefull that they are saleable altcoins because he defults it and when you go for sale in market then their should be seller for that. you can have bitcointalk account as collateral but for that you should be knowing some process like get signed message from the address mentioned in that bitcointalk account which he/she is going to give you in collateral if you have any doubt you can use escrow service in this process so that in future no one can come and scam you.

Dobmader

full member

Activity: 165

Merit: 100

Quote from: uknohowwedo on December 07, 2015, 04:58:28 PM

acceptable collateral when loaning " full members" is usually just their word for it. a man is nothing without his word

A full member account is just worth around 0.05-0.08. The price dropped since the bitcoin price has risen.

wolfsoprano

newbie

Activity: 8

Merit: 0

Alright cool Ill take a look.

Thanks for the responses.

uknohowwedo

full member

Activity: 166

Merit: 100

acceptable collateral when loaning " full members" is usually just their word for it. a man is nothing without his word

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: wolfsoprano on December 07, 2015, 04:55:02 PM

Hello,

New user to the site, and have traded on other exchanges. Curious to know what are acceptable forms of collateral for lending out bitcoins. (I would lend the bitcoins)

The best collateral is altcoins which are known and sell wuickly, like DOGEcoin and Litecoin.
Also bitcointalk accounts have value, but don't over estimate it.
Don't accept giftcards because they sell at 30-50% of the value or they won't sell if the loan is defaulted.

Good luck!

Uncleft.

newbie

Activity: 22

Merit: 0

https://bitcointalksearch.org/topic/m.6311902

wolfsoprano

newbie

Activity: 8

Merit: 0

Hello,

New user to the site, and have traded on other exchanges. Curious to know what are acceptable forms of collateral for lending out bitcoins. (I would lend the bitcoins)

Topic: Acceptable Collateral - page 2. (Read 1957 times)