Cryptocurrency trading with flash loans - page 2.

rexxarofmoknathal

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I agree with most of you that usually loans rely on some sort of collateral, however flash loan services where no collateral is required has also been experimented on.

According to what I read Decentralised exchange (defi) flash loans did use to exist a few months ago.
The platform offering this service was Bzx but because the process did not go smoothly (you can read more about it here: https://news.bitcoin.com/defi-flash-loans/ ) now due to the exploitation potential of no collateral loans as far as I know there're currently no more defi platforms up and running Sad

tbterryboy

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When it comes to cryptocurrency, anything that has to do with loans, you must give a collateral for it and the collateral you’re giving is your cryptocurrency which will be an amount that is worth what you’re about to borrow. And then I’m a type of person that doesn’t like taking loans because I’m afraid of what might happen after you have taken the loan.

Trading with a borrowed is quite some risk, how do you even whether you’re going to make profit or lose the money? You don’t even know about that for sure, so it’s a big risk. There are still companies that can give cryptocurrency loans if you want, like Nexo.io.

Mahanton

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Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Based on my experience after all these years i dont encounter such platform that loans and trading have collaborated.
Actually got confused on what you are seeking on or just simply you want just to get loan or something? Grin

Im quite sure that i do have seen some similar thread asking for some flash loan but that one do tell or ask
to obtain it without collateral which is pretty hard unless if youre a trusted guy to the community but you do able to get one.
For trading platforms offering such loan thing then it doesnt exist.

posi

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Quote from: ice098 on February 28, 2020, 04:26:28 PM

Quote from: Ucy on February 28, 2020, 09:58:50 AM

Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Flash loan is still a new service, and it encountered some difficulties in it early stage. I wonder why you want to try it now. It's probably available on Ethereum Defi. I am not sure though if the service is still running after the defi flash loan issue.

This kind of service will not able to sustain longer, since it was very prone of scam and fraud customers who wouldn't provide an honest intentions. Cryptocurrency loan together with trading is riskier compared with other types of services, because they're both potential of becoming compromised in the future.
Most probably, this kind won't stay longer in operation, unless every registered customers provide their individual crypto deposits as collateral.

I supported what you said about the flash loan not to last long because the protocol is already been compromise slightly cause some hackers was said to use it as a strategy to scam people.
With that been said, i hope the OP have the require knowledge in arbitrage trading because alot of people have make losses through the act of flash loan

ice098

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Quote from: Ucy on February 28, 2020, 09:58:50 AM

Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Flash loan is still a new service, and it encountered some difficulties in it early stage. I wonder why you want to try it now. It's probably available on Ethereum Defi. I am not sure though if the service is still running after the defi flash loan issue.

This kind of service will not able to sustain longer, since it was very prone of scam and fraud customers who wouldn't provide an honest intentions. Cryptocurrency loan together with trading is riskier compared with other types of services, because they're both potential of becoming compromised in the future.
Most probably, this kind won't stay longer in operation, unless every registered customers provide their individual crypto deposits as collateral.

ScamViruS

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Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

No website will give you a loan without collateral. Loan lenders must ask collateral, for security reason. I don't think there is any such platform that you are looking for. And it is not fair to trade crypto currency with a loan. It may even be that you lose all your money. If you have extra money try to trade with it. Which will be good for you

hugeblack

legendary

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You want an easy way to get money without even having capital, the method you mentioned is closest to Gambling as the only profit made there is based on luck and nothing else.
What will happen if the price drops? Can't pay off the loan? There must be a guarantee with a higher value than the deal.
If you have this collateral, why not borrow using fiat money, invest and then return the loan amount.

Note:
Trading in cryptocurrencies with borrowed money is a high-risk investment and may cause you to lose that money and increase your debt.

Ucy

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Merit: 402

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Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Flash loan is still a new service, and it encountered some difficulties in it early stage. I wonder why you want to try it now. It's probably available on Ethereum Defi. I am not sure though if the service is still running after the defi flash loan issue.

Twinkledoe

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Quote from: Cherylstar86 on February 27, 2020, 06:45:04 PM

Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

I don't think exchange site owners would offer this kind of loan idea on their customers, because these days scammers and other fraud activities is rampantly happening. That's how worst is this kind of platform would be implemented, and people would be tempted to take advantage on a certain offer without being liable due to act of cheating on different perspective.

I have never encountered one also. Most of the time, they require some sort of collateral. You can't find exchanges that will do such flash loans. It is not an advantage on their end. If that exists, that exchange will be a bankrupt by now because of these abusive users.

Cherylstar86

sr. member

Activity: 1484

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Quote from: krasi69 on February 27, 2020, 08:16:59 AM

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

I don't think exchange site owners would offer this kind of loan idea on their customers, because these days scammers and other fraud activities is rampantly happening. That's how worst is this kind of platform would be implemented, and people would be tempted to take advantage on a certain offer without being liable due to act of cheating on different perspective.

ryzaadit

legendary

Activity: 2450

Merit: 1225

None one of the websites has the ability to do that kind of loan.

Some platform exchange could have a feature loan but you need to put collateral as a guarantee for taking the loans, they cant do trading and loan activity with a single transaction. Because it's no guarantee the trading could be successful trading, also you have some chance lose went do the trading. Another reason you must send back the money loans with the same amount you take the loans just thinking if some people can do that kind of loan and the trading was to lose the loans process with trading activity would get the process with some lose situational trading activity. Don't forget taking loans have some time to return the loans with the same amount + the interest loans.

krasi69

newbie

Activity: 5

Merit: 1

Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Topic: Cryptocurrency trading with flash loans - page 2. (Read 197 times)