Topic: btc loan WITH COLLATERAL - page 2. (Read 1472 times)

People here would prefer using an escrow from this forum. Whats wrong with paying escrow fees?

you can pick any agent you feel comfortable with

https://www.bitrated.com/explore

but i would prefer the number 1 guy as opposed to charlie lee (founder of litecoin) because charlie charges a fee whereas others do not lol

Yes I would do this deal. Who would hold the collateral? I dont want to pay escrow fees, bitrated has escrow with no fees.

I'd be able to fill this but i'd need to convert my fiat into bitcoin which wouldn't be worth a hassle and fees for just a few hundred dollars profit. The spreads incurred are probably going to result in more than that.

If you want to do like a bigger loan timeframe then i'd be willing to negotiate with you.

And yeah, interest rates are high here because of the fact that altcoins are volatile and even if you hold altcoins as collateral you may end up losing money.

I can fill your loan (4k$) , for the % , I would take 5% per month
Tell me if you're interested

to be honest now i know why most of the people here requesting loans here end up as scammers. 15 percent comes out to 180 apy. there are laws in the us prohibiting pay day loans from charging crazy interest rates, but i guess in the marketplace on this forum its the wild wild west.

everyone has a free choice here, but the entire reason banks lend money is predicated on risk and because of this risk they earn high interest. take a credit card for example that can have a 30 percent apy, it is unsecured debt.

this forum seeks 120 ltv, is secured collateral, and on top of this charges high interest.

its literally loan sharking except even loan sharks dont have collateral they just come beat you when you cant pay lol.

fortunately for me i'm not desperate i was just looking to hedge some bets with the market.



this is strictly my opinion, but if you want this marketplace to be less swarmed with scammers and thieves then it should charge normal/fair interest rates. No one who has the intention of paying back money would ever agree to being fleeced this bad.

i myself might start a lending practice and offer fair rates. the free market really is the wild wild west at times.

shit we didnt even have child labor laws until the 1930s meaning when left unchecked, businesses will do anything

Really? 15% for a month I think fair enough. If him didn't interested with my offer, him can ignore these. I can do to keep my money at bitcoins. It's seems promises for over 15%

Are you a thief? 15% as interest is really crazy.

23 ETH or equal with $5750 (ETH current price).
Fyi, most people only willing to lend their money if collateral worth at least 120% from the loan amount. It's mean you can only get loan max $4791

P.S i'm not interested to give you loan

I can fill your ask up to $4K, with terms fixed interst (15%). Let me know if you interest

hey guys need  btc.

i can offer my eth as collateral.

i will pay you back in nominal dollars because of the insane swings of btc, so if btc goes up to 5k i dont want to be stuck paying 1 btc when i only borrowed 0.75 that would be a 1200 interest at the 3800 price today. so we peg fiat currency to the rate of btc you are lending me today and use that as a reference.

i will need 30 days to repay back, let me know what interest rates seem fair