Best escrow option? | Bitcointalksearch.org

SureLockLoans

sr. member

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Merit: 250

Quote from: Gronthaing on January 16, 2015, 03:47:05 PM

Quote from: SureLockLoans on January 16, 2015, 01:54:05 PM

I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

You have a list of trusted escrows in https://bitcointalksearch.org/topic/escrow-list-108716
It's maintained by squall1066 and was updated recently.

thx for that list! this is what im looking for!

Gronthaing

legendary

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Quote from: SureLockLoans on January 16, 2015, 01:54:05 PM

I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

You have a list of trusted escrows in https://bitcointalksearch.org/topic/escrow-list-108716
It's maintained by squall1066 and was updated recently.

Quickseller

copper member

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Generally speaking when receiving established alt coins you should receive at least 120% worth of the altcoin of the total loan amount

Sammal

full member

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i'd Say Doge even better than LTC because LTC is not so stable If im wrong, Sorry

But Read the post '''What Is a Valid Colleteral'''

abstream

member

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Merit: 10

I am doing a small research on the topic, I am interested in your requirements. Do you mind if I ask a couple of simple questions:

1)What do you mean by reasonable escrow fee, for example would 1% suit you as a lender? There could be another 1% fee for the borrower(splitting the fee 50/50)
I think the fee shall be split as both the lender and the borrower are putting money on the table(loan,collateral). Do you think this is fair?

2)How would you tolerate different collateral amounts? For example, an industry standard for secured loans is to get a loan equal to 50% of the collateral.
In the crypto space though collaterals are quite volatile in price. How would you rate different collaterals, for example:

Collateral , Loan as % of Collateral Value

LTC 80%
NMC 70%
DOGE 65%

Does it make sense?

Quote from: SureLockLoans on January 16, 2015, 01:54:05 PM

I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

SureLockLoans

sr. member

Activity: 280

Merit: 250

I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

Topic: Best escrow option? (Read 430 times)