Topic: **CryptoTrust BTC Lending Service** |45-55% Collateral – Identification Required (Read 244 times)

Getting borrower's dox won't help. If someone wants to scam you they'll give you fake documents, and if you get genuine ones there is no protection against misuse, either intentionally or by negligence.

Even in the unlikely event of someone submitting genuine dox AND defaulting on a loan - what are you gonna do? Sue them? You haven't thought this through at all.

I can't get the reason of why you ask for personal info of the borrower. How this is related to establish a competitive loan service? Note that we're talking about btc loans in a psydoanonyme forum, unless you are willing to offer fiat loans or accept fiat collaterals.
I also agree with the opinion of Suchmoon which you don't answer properly.

There is no email mentioned in op. You have to upgrade in rank so users can pm you here or everyone has to change his forum profile settings to send messages to newbies.

Anyone who does not trust me can borrow with higher collateral and we could use a trusted escrow service from the forum. I hope that i will build my reputation in time. I try to offer a competitive loan service with low collateral, but obviously i cannot do that without knowing anything about the borrower.

I do not use Telegram. You can pm me or e-mail me. You will have a reply in 24 hours max.

This means nothing coming from a newbie account. Offering under-collateralized loans and asking for KYC is a major red flag. A loan can be repaid but KYC can't be "unseen" so you could run micro loans for a few months and then sell the dox or extort the former clients or whatever you wanna do... you got no reputation to lose.

Hey do you have telegram? Seems i can't send you a message i will just ask how it works

If you prefer anonymity, then you can choose to borrow with greater collateral. I don't try to scam or dox anyone

Something though that it is important and you didn't consider it as well, is the KYC requirements of yours.
Since most of us around here prefer anonymity, something which is fundamental when it comes to BTC, by asking personal info it sounds more like you want to get their dox instead of lending your BTC.

I also believe that nobody from high rated escrows will agree to hold as collateral the dox of a borrower, so perhaps you should remove the KYC part...

ok.. Maybe i will. I did not consider this being so important

Then why don't you edit it, as you did before with the Escrow term? Besides you don't offer a different service...

The second thread is about loans with identification. In my first thread the loan service does not have such requirements, but involves greater amount of collateral

As I see Op include in his ToS about using a trusted escrow.


My question to the Op is why he has to create a thread over and over again... The first is more than enough.

what about escrow? Anyone interested in lending any amount from op must use escrow as there are high chances of collateral scam and identity fraud.

I ‘m offering low interest bitcoin loans with exceptionally reasonable terms. Specifically:

1. Only the following altcoins are considered as valid collateral: Bitcoin Cash, Ether, Litecoin, Stellar, XRP & Monero. If you have another kind of collateral to offer, please send me a message with the details and I will review the request.
2. I can accept or reject any loan application without any explanation.
3. Delay is charged 0.05% per day on top of the interest. After 7 days of delay collateral will be sold. No extension is granted, unless you are willing to provide extra collateral.
4. Maximum loan duration is 90 days and maximum loan amount is 2 BTC.
5. The following documents and personal data are required:
• Proof of Identity (State ID, Passport or Driver’s License)
• Address Proof (p.ex. Utility bill)
• E-mail
• Telephone number
6. All requests will be reviewed and answered within 24 hours.
7. I am willing to use a trusted escrow service, as long as the borrower is charged with the relevant fees.
8. Terms can be modified at any time. Existing loans will not be affected by these changes.

Depending on the amount you wish to borrow, the following collateral and interest rates are applicable:

0.01 to 0.2 BTC loan: 45% collateral – 0.07% daily interest rate

0.2 to 0.5 BTC loan: 50% collateral – 0.06% daily interest rate

0.5 to 2 BTC loan: 55% collateral – 0.05% daily interest rate

Anyone interested please message me, providing the following information: loan amount, loan duration & type of collateral. My reply will always be PGP signed:

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