Its pretty easy to figure out. If you are using a good alt coin, then lenders will usually take 120 percent of the value. so if you wanted to borrow 1 dollar, you would have to have 1.20 in collateral. now, if you have some trust, etc, some lenders will go even, or even bag the collateral altogether, but thats after having a lot of successful transactions.
Baby steps...
Topic: do i have good enough collateral? (Read 978 times)
Nobodies against CEX. Most people just recognize how unprofitable it is. You should set aside some money for trading. It doesn't eat your money away like CEX.
Hi, noobie here
Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?
Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?
Welcome to the forums.
IF you are thinking about any loan you should read:
https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765
https://bitcointalksearch.org/topic/edu-exercise-caution-when-lending-to-users-246874
That will give you enough information about how does it work over here and what you will need if you want to ask for a loan.
Good luck.
Kind regards.
No, that is not a valid collateral. You can easily claim it back using social engineering. I would suggest any altcoins or digital goods you own, and try and put those up as collateral
Hi, noobie here
Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?
Just wanting to know,
If i ask for a loan of 0.1btc, Would my virwox account be sufficient as collateral (has $75)?
Ive never used it so would need to wait 48hrs before i can get withdraw anything and i want to invest in cex.io whilst ghs are low (yes i no alot of ppl here are against cex), either way, is it enough or should i just w8?
Or should i invest in somerhing else all together?
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