Topic: crypto loans (Read 364 times)

Don`t worry people! Soon on the market will be released platform Cryptoloans which has found technical solution of problem with the return of creditors funds. At the moment they are filling its site with information and preparing for the ICO. www.cryptoloans.top

your idea is very interesting and good for mining development. I think you have to build trust so that others can be interested and use your services. start from your friends and community, if they are satisfied with your services, maybe you can expand your business globally. every business always has a challenge and I appreciate your idea.

maybe you can visit this board https://bitcointalk.org/index.php?board=14.0
all the information about mining is there, maybe you can find the opportunities and needs of the miners.

Thanks for the many opinions and replies! Yes, I am new to this forum (with this particualar name), but I'm not a beginner in crypto space at all. I've been investing since 2012.

The loans would be issued only to crypto mining projects. The main idea is that the borrower can borrow only that crypto which he intends to mine. The platform would do the due diligence, evaluate the economical feasibility of the project and all the other details.
It would help to decentralize mining, by allowing small&medium miners to establish or develop further their mines.
All the proceeds from the mining would go trough our wallet, so we could maintain transparency and keep the borrower accountable.
The owner of the project will have to co-finance with at least 20% from the total cost.

I think this would be a great option if you wish to monetize your altcoin bag or longterm investment.

I lent my altcoins always on Bitfinex and poloniex with good result. It was until a few months ago, but I don't know, whether lendings on these two exchangers are still working without issues. Bitfinex should at least doing fine. Seems to me a more secure way, as suggested one. Or one can manage a platform similare to the exchangers, where lendings are secured somehow.

all people is never interest youre service because youre account newbie and not trusted, if you want open lending system same btcjam you must incraese trust youre brand
if want lending can self lending in bitcointalk, post in lending section

It can be virtually impossible to ID people electronically over the internet as a small business. There are websites which make it easy to buy fake inexpensive ID's of decent quality. Loans have historically been a rough area where crypto has had trouble. For crypto loans to be viable perhaps a collateral based system would need to be implemented. Or a better system of user authentication with a reliable means of debt collection in cases where borrowers refused to pay their debts.

It could also be possible to implement a fractional system where only a small percentage of the total amount a person wants to borrow was credited at a time, with them being required to pay back a certain percentage before they could receive more credit. Loan requests made via TOR/VPN/PROXY could be instantly voided which might cut down on fraud. Also loan requests made from countries which do not extradite.

According to israel one of the best methods they have to prevent terrorists from entering their country is to do in depth inquiries into what those entering the country plan to do once they get there. An indepth inquiry into what people plan to do with loans might likewise yield good reliability. Scammers may be too lazy to do research to come up with good backstories for how they plan to use their loans and perhaps also, how they plan to pay them back.

Crypto loans are the dumbest thing possible right now. There is no guarantee you will get it back. There are many services that offer this right now and it is not good long term at all. People will find ways to fake veifications and identity systems so there is no guarantee the funds will get back to the lender. It is great to be a buyer but not great to be a lender, no way

Do not go there or you might regret it.
If ever it goes down then what? You will be left with nothing.
If you are the borrower then it is okay but are you ready for some bashing that could happen if you dont prove your legitimacy?
Being a lender sucks. It is proven here in the forum. Many scams have happen before we even started here.

There are a few platforms that offer crypto back loans but like others have pointed out it is still highly volitaile and risky you may want to proceed with caution. That said SALT platform will soon offer this service and these tokens can be bought at exchanges already including Bittrex & Binance.

Crypto loans are very risky as there are more defaulters than the good customers who repay the loan with the interest on time. Many peopele don't even care about their collateral and they just disappeared after receiving the loan.

It is easier said than done. We had a similar type of lending platform in existence few months back called btcjam. But that idea failed miserably because a majority of the borrower didn't return the money to the lenders. I was an investor of btcjam and I have lost a good amount of bitcoin through that platform. We need to understand that crypto is a global platform, so you may not catch the person who is running away with your money. The idea was a failure due to some scammers.

However, I am not saying everyone is same. There were people who used to repay within the time frame. But majority of them ran away with our invested money even after ID verification. It's a very risky thing. 

Hi everyone,

I was looking to get some feedback about an idea of earning fixed income from your altcoin bag.
It is quite simple - you lend your altcoins via a p2p platform as a mezzanine loan to altcoin miner so he can increase his capacity. He repays the loan principle + interest by mining the altcoin.
What are your thoughts and suggestions?   

RK