after a bit of reading im still a bit confused just wondering if someone is able to answer me a few things about bitcoin
1. where do you buy it (i see so many when searching)
2. what is a trusted escrow are they just other members on here or actual sites/business
3. i see people post using their acc as collateral (are they talking about this forum acc or a different acc)
4. if you had bitcoin to use as collateral wouldnt you just sell it instead of borrowing bitcoins to sell and paying interest.
5. how fast do you have to supply or get a loan (timeframe)
6. are the interest whatever you ask or willing to pay?
sorry if they sound like noob questions but they are ^^. more questions will come up once i think of them
hopefully forum is noob friendly.
1. where do you buy it (i see so many when searching)
2. what is a trusted escrow are they just other members on here or actual sites/business
3. i see people post using their acc as collateral (are they talking about this forum acc or a different acc)
4. if you had bitcoin to use as collateral wouldnt you just sell it instead of borrowing bitcoins to sell and paying interest.
5. how fast do you have to supply or get a loan (timeframe)
6. are the interest whatever you ask or willing to pay?
sorry if they sound like noob questions but they are ^^. more questions will come up once i think of them
hopefully forum is noob friendly.I will give it a try and explain fast enough...
1. Exchangers, individuals, forums.
2. Escrow is some member, trustful that holds the collateral. You can check here or do your own research : https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
3. This for start but they are lenders that accept and other accounts as well. Look here : https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765
4. I dont know, really.
5. From 15' to...never!
6. The average interest for a one week loan is 10%. Still you can make a discussion with a lender for a better rate.
Cheers, i hope that i help you in some way...
