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Topic: Exchanges that offer loan options (Read 1305 times)

legendary
Activity: 2380
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
June 05, 2022, 04:02:45 PM
#43
Why to go on exchanges if you have option here on the forum itself. Just go to lending section and there are bunch of lenders you will find. Mostly you will qualify for the given amount if it fits into criterion of lender and get the money instantly. Here you get an advantage of known lenders, feasible access to money, easy returns and easy collaterals. For exchanges the rates could be enormous and you will surely need higher collateral value before you can build trust transaction.

I support this motion, in addition to the fact that in the forum the borrowers are of high reputation, there is the option of making loans for users who do not have to give any type of collateral, this is something that is not achieved everywhere, in addition the interests are Much more friendly than those offered by an Exchange, in this case a loan from an exchange is like making a loan at a bank, but with interest that is much more difficult to pay.

Of course, everyone measures their situation and their way of managing money, as well as their ability to pay, it is only advice that we can kindly give them here, because a loan is always something that must be done with great responsibility.
legendary
Activity: 2520
Merit: 1073
June 02, 2022, 08:02:10 AM
#42
Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
No offense OP, but i think some information that we seek can turn out to create problems for us, and is this is one of such...Avoid loans as much as you can especially in trading. You shouldn't even be trying to find out more exchanges that offer loans as having this information at the back of your mind can one day become an option for you when you need money to trade with.

We all know how trading is risky even for professionals, trade with your own money that you can loose, avoid taking loans to trade with, this is my advice for those considering this loan thing.
But, I think the OP is not the one that will borrow money but it was his money that he want to lend on the exchange in order to get some passive returns, I think that was a good idea rather than the money will remain idle inside the exchange and then gain nothing but we must only do this on an exchange that is really trusted and been here for years.

Nexo is specialized on this but I don't know if this was an exchange or simply a lending site but it wasn't important anymore as we can still continue trading on our favourite exchangers while pulling out some money out of it and transfer it to the lending sites that we think are trusted enough.
copper member
Activity: 2156
Merit: 536
Building my own Dreams!
June 01, 2022, 10:14:01 PM
#41
Trading from loan is not a good move. It will be difficult to pay your loan when you lose in Trading and will not benefit from it but instead will only let you pay for more loan with interest when your trading decision fails.

I also agree with you mate.
You should always trade/gamble with own money.
Once you lend money from someone and if by bad fortune you lose it. Then your life will become hell.
The OP’s post was from 2017. Almost 5 years passed now.
The mentioned exchanges have might updated their terms of services.
So it’s better to check and act accordingly before joining the exchanges.
Moreover i see Binance missing from the OP’s list.
According to me Binance is the best exchange present in the market. Though I don’t know whether they offer loans or not.
full member
Activity: 387
Merit: 100
June 01, 2022, 07:56:35 PM
#40
Trading from loan is not a good move. It will be difficult to pay your loan when you lose in Trading and will not benefit from it but instead will only let you pay for more loan with interest when your trading decision fails.
jr. member
Activity: 98
Merit: 2
June 01, 2022, 09:26:01 AM
#39
I would try to pay maximum attention to the exchange. It should be understood that this often happens precisely at the exchange stage.
hero member
Activity: 2744
Merit: 761
Burpaaa
June 01, 2022, 02:31:04 AM
#38
I use Kucoin when it comes to crypto lending. I have no experience in using exchange such as poloniex and bitfinex so I don't have slight idea on how much interest they reward for lenders. On Kucoin lenders have the freedom to choose duration and the interest that they want and it goes to the loan book which the borrower can I see all the available loans offered by the user. So far this is the best lending system I use on exchange.

https://www.kucoin.com/margin/lend
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
June 01, 2022, 01:25:34 AM
#37
I am not a fan of leverage or futures trading but sometimes it's good. When LUNA was crumbling a few weeks back, there were traders who earned a lot of money by just shorting LUNA and paying back the loan by buying LUNA much cheaper. But do these things if you have some experience and knowledge about it.
Leverage trading is risky, especially if you open short position and using more than 1x leverage which can make the liquidation risk closer. But about that Luna, people that short it and did not sell (close position) early until it collapse would have gained very well. Luna decreased in just 5 days from $78 to around $0.02 and was at $0.08 when Binance delisted it from future contract while traders that short it are automatically funnded. But not all leverage trading requires shorting, margin trading does only still require buying and selling just like spot trading unlike future, perpetual or swap trading which you can either go long or short.
legendary
Activity: 1246
Merit: 1071
May 31, 2022, 03:54:29 AM
#36
Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
No offense OP, but i think some information that we seek can turn out to create problems for us, and is this is one of such...Avoid loans as much as you can especially in trading. You shouldn't even be trying to find out more exchanges that offer loans as having this information at the back of your mind can one day become an option for you when you need money to trade with.

We all know how trading is risky even for professionals, trade with your own money that you can loose, avoid taking loans to trade with, this is my advice for those considering this loan thing.
sr. member
Activity: 2450
Merit: 329
May 31, 2022, 02:56:26 AM
#35
Binance have loan option but you need have assets there based on how much loan try for borrow, I think if your assets on Binance drop and not try for cut loss better open loan option and your assets there as guarantee for loan, if you can get peofit from loan money on Binance exchange could be capital for active back in trading, but bad when gtt losing second time with koan capital use for trading.

If I am not wrong you are talking about leveraged trading, right? If so yes Binance, FTX and almost every big exchange allows that. You put some tokens on collateral, borrow money and trade and if the value drops below the leveraged value your tokens will get liquidated.

I am not a fan of leverage or futures trading but sometimes it's good. When LUNA was crumbling a few weeks back, there were traders who earned a lot of money by just shorting LUNA and paying back the loan by buying LUNA much cheaper. But do these things if you have some experience and knowledge about it.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
May 30, 2022, 03:35:06 AM
#34
You know binance is a strong and the biggest exchange in the bitcoin transaction kind of life, but i have not seen them offering loan or they have specific customer's they issued loan. I want to know the criteria or the qualifications of getting in this exchange you made mention of
On Binance, you can open a margin trading account, or open a future trading account. In margin trading account, you can borrow up to 10x of the amount you use as collateral. In future trading account, you can borrow up to 50x to 125x of the amount you use as collateral, even up to 200x or more on some exchanges. You can use it to trade and that is what the OP is talking about, but he only use margin trading in respect to thread. The more the amount borrowed, the more the risks of losing.

before someone gives you a loan you must be well known and a pattern to the platform, now they informing you to issue loan, their is a very big secret behind, i believe the advantage they will take from you will be more beneficial than the loan giving to you. Just know the kind of form or documents you put online.
The advantage is that you can use high amount to trade. The disadvantage is that it is more risky and liquidation price will be closer and if reach, the collateral used will be liquidated. The exchange, like Binance used as an example will make more profits in trading fee because the person borrow money and have more to trade with while the exchange deduct fee in percentage of the total amount used to trade.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
May 30, 2022, 01:49:31 AM
#33
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
You know binance is a strong and the biggest exchange in the bitcoin transaction kind of life, but i have not seen them offering loan or they have specific customer's they issued loan. I want to know the criteria or the qualifications of getting in this exchange you made mention of, their is something i want to let you, before someone gives you a load you most be well known and a pattern to the platform, now they informing you to issue loan, their is a very big secret behind, i believe the advantage they will take from you will be more beneficial than the loan giving to you. Just know the kind of form or documents you put online.
legendary
Activity: 2380
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
May 29, 2022, 11:47:25 PM
#32
One of the exchanges that I can really trust to give loans is Binance, however I would not use it for that purpose, I do not know if Bitfinex also does it, however what I like about bitfinex is the funding plan it has and getting at We have a return of 2%, now all this must be taken into account, I would not trust much in asking for loans in an exchange, somehow what they ask for in return is a good collateral that gives them the confidence to do it I would not leave either For trading on margin, it could be very easy to lose everything, although the whole thread sounds interesting, it is good to have opinions of the exchanges that offer this service.

full member
Activity: 276
Merit: 100
May 29, 2022, 07:22:30 PM
#31
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?

Such a good offer but for those whore are not yet capable of trading and doesn't have much experience in trading. For me, it is better to learn first before I enter the loan option in trading.
legendary
Activity: 2338
Merit: 1124
May 28, 2022, 10:28:54 AM
#30
Good advice and can provide loan solutions without having to borrow on the exchange.
Because loans in this forum can be negotiated with the borrower. There are many people who can provide loans, choose according to the criteria and how much you want to borrow. Just make a thread that requires a loan. guarantee can be negotiated directly.
But as a borrower, you must also be ready with collateral that will be deferred and be able to pay on time according to the agreement.

can directly visit the Lending board: https://bitcointalk.org/index.php?board=65.0
I would guess that you could get a loan from someone here by calculating the risks, but they are giving a very small amount and that is the difference. I have never seen giving 60k loans on 30 year fixed rate, like a house mortgage would be getting you. This is the thing that bothers me the most, if you are looking for a 100 bucks loan then yeah this place would be better but why would I want to do something like that?

There is no reason why I should be getting a loan for that amount, no investment would make sense in that situation and that is why I am not really looking for something like that. Hopefully it will be getting better in the long run but it is too little for me for now.
sr. member
Activity: 546
Merit: 261
Moonbet.io
May 26, 2022, 06:17:49 PM
#29
Binance have loan option but you need have assets there based on how much loan try for borrow, I think if your assets on Binance drop and not try for cut loss better open loan option and your assets there as guarantee for loan, if you can get peofit from loan money on Binance exchange could be capital for active back in trading, but bad when gtt losing second time with koan capital use for trading.
hero member
Activity: 2100
Merit: 618
May 26, 2022, 03:18:29 PM
#28
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
Almost all the major exchanges provide these options these days, Binance, KUcoin, and FTX provide this option too, so you can avail it on any exchange, %Age I think is pretty variable and depends on market volatility at times. But yes if you see in an overall scenario, This sort of option is least advisable if you are even 5% serious about your trading, it's because in this option you have a high-interest cost which is always there on your shoulders and this cost would always influence your trading decision of closing the trades at points of tension or points of high uncertainty, which means emotionless trading would become almost impossible.
legendary
Activity: 2464
Merit: 1703
Blackjack.fun
May 26, 2022, 12:27:10 AM
#27
-snip-
Good advice and can provide loan solutions without having to borrow on the exchange.
Because loans in this forum can be negotiated with the borrower. There are many people who can provide loans, choose according to the criteria and how much you want to borrow. Just make a thread that requires a loan. guarantee can be negotiated directly.
But as a borrower, you must also be ready with collateral that will be deferred and be able to pay on time according to the agreement.

can directly visit the Lending board: https://bitcointalk.org/index.php?board=65.0
jr. member
Activity: 98
Merit: 2
May 25, 2022, 01:24:36 PM
#26
To be honest, what I often realize is that interesting things can often happen with an exchange. This moment is worth it to be ready for it.
newbie
Activity: 42
Merit: 0
May 25, 2022, 09:12:47 AM
#25
poloniex is a good one with good lending rates and margin trading.Bitfinex lending service is a good one but their trust have been tested.Bitmex is another
hero member
Activity: 2072
Merit: 603
May 22, 2022, 09:06:09 AM
#24
Why to go on exchanges if you have option here on the forum itself. Just go to lending section and there are bunch of lenders you will find. Mostly you will qualify for the given amount if it fits into criterion of lender and get the money instantly. Here you get an advantage of known lenders, feasible access to money, easy returns and easy collaterals. For exchanges the rates could be enormous and you will surely need higher collateral value before you can build trust transaction.
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