Best Bitcoin Lending Platform ? - page 2.

mk4

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Quote from: riverdip on November 24, 2019, 07:01:20 AM

Require KYC, thats a problem !

I mean, good luck looking for a legitimate and reputable lending platform that doesn't require KYC.. In fact, this is one of the cases that I'd probably look for a service that requires KYC, simply because you're entrusting your money to them(assuming I'm going to use a lending platform, which I never planned to).

pedrog

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You can also do it on Poloniex, don't think rates are appealing but at least it's trustworthy.

sheenshane

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Quote from: riverdip on November 24, 2019, 07:01:20 AM

Require KYC, thats a problem !

When you are going to take a loan in the bank it will require personal documents and I think it will the same process on cryptocurrency loan IF you dont have collateral. But usually, there are collateral needs, just like selective altcoins.

In addition to the given information above.
-- Salt Lending: https://saltlending.com/ with interest of 5.95% -- support 11 altcoin include bitcoin as your collateral.
-- YouHodler: https://www.youhodler.com/ with 12% interest --top 12 coins as collateral.
-- CoinLoan: https://coinloan.io/ you can set desired interest --selected 7 crypto altcoins as collateral.

Here in the forum, you can visit it here, Bitcoin Forum > Economy > Marketplace > Lending-- since you are a newbie you need collateral.
LIST] Bitcointalk's Lending Services for more info.

I'm not advertising any companies that I provided, and this is not financial advice. I haven't tried all of them but so far I didn't find any serious claimed about them.

TheUltraElite

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So anyway, I applied as a merit source :)

I see some members have suggested third party sites here. A word of caution because they need you to pass KYC which is a red flag, still whatever your take may be. Secondly putting your money into a "platform" does not necessarily mean that you are actually lending to someone legitimate in need of a loan. We have a number of fiat lending sites out in the internet doing the same but many eventually collapsed because they were hidden Ponzi/MLM schemes with fake loan originators and people invested in them. I am not saying all of them are bad but it is a point to ponder.

The safer (but still risky) thing to do is to set up your own lending marketplace. This could be a lending thread in this forum, check the other well known lenders here like @zazarb, @DireWolfM14, @shasan and you will get an idea.

But the biggest problem in running them is knowing how to lend. You will face manipulative people trying to squeeze money from you out of "friendship" gradually as you become popular. Always take a collateral secured loan to be safe if you wish to do this.

joniboini

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Quote from: riverdip on November 24, 2019, 07:01:20 AM

Require KYC, thats a problem !

If you're fine with converting your BTC to another token backed by BTC, then Instadapp or Compound is one of the platform which supports WBTC. The interest is really low and the liquidity is also not good.

If that's a no go, another solution is to run your own lending business in this forum.

nelson4lov

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Quote from: ?? on ??

Good thread to stumble upon. I am not sure how this lending works but I'll definitely check other details regarding this on how this one works.
Thanks for the recommendation!

Hello, FaithInCrypto. I'm glad you found my recommendations useful. About your question about lending, here you go:

Quote

Binance Lending products helps maximize your benefit. Just hold your funds in the Binance Lending product you are subscribed to and grow your wealth with accruing interest.

What this means, If you participate in any of their lending products, you'll earn interest for simply holding your assets. Binance usually announcement new lending products here: 🔗 https://t.me/binance_announcements

riverdip

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Quote from: nelson4lov on November 24, 2019, 06:56:12 AM

See the following platforms and their lending rates.

1. Binance Lending :
Currencies Supported: BNB, BTC, USDT, BUSD
Rate: 0.2% to 3% on Flexible deposits, up to 15% on fixed lending deposits

Require KYC, thats a problem !

nelson4lov

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See the following platforms and their lending rates.

1. Binance Lending
Currencies Supported: BNB, BTC, USDT, BUSD
Rate: 0.2% to 3% on Flexible deposits, up to 15% on fixed lending deposits
Website: https://www.binance.com/en/lending

2. Nexo
Currencies Supported : Stablecoins (BTC coming soon)
Rate: up to 8%
Website: https://nexo.io/?t=earn

3. Blockfi
Currencies Supported : Bitcoin, Ether or GUSD
Rates up to 8.6% annually
Website: https://blockfi.com

Aside from Lending, You can also earn some crypto for staking your assets. Binance Staking platforms supports XLM, TRX, ONE, FET to name a few. The rates for staking ONE or FET is as high as 10% annually.

Website : https://www.binance.com/en/staking/products

You should take the products market conditions into consideration as it can either be 50% down or 50% up from the time you start staking.

mk4

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As far as I know, the two most reputable platforms are:

BlockFi: https://blockfi.com/
Celsius Network: https://celsius.network/

I have listened to interviews from both platforms, so idk they're most probably trustworthy. I personally haven't tried either, so do your due diligence.

riverdip

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hey guys i am trying to lend some btc, i used to lend on casino, but profits are very low and casinos are getting unstable.

i used bitfinex in past too, but since volume is getting low, what are platforms you guys recommend !

What are the trusted platforms recommended by fellow bitcointalk memebers !

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