Please note i am a trader. How long do you require the lone for?
You are a trader, and cannot spell loan?
Topic: How does the collateral system work (Read 693 times)
You are a trader, and cannot spell loan?
Please note i am a trader. How long do you require the lone for?
You are a trader, and cannot spell loan?
How does the escrow work, and how do I find a reputable Escrow agent
And because my collateral is 36oz of silver bullion prefer them to be based in the UK
I work in London and may be able to provide assistance.And because my collateral is 36oz of silver bullion prefer them to be based in the UK
Please note i am a trader. How long do you require the lone for?
At best you are looking at sell price - 20%
it would probably be easier for you to try your local porn shop.
PM me if needed.
So besides physical possessions and altcoins, what else can be used as a collateral?
How does the escrow work, and how do I find a reputable Escrow agent
And because my collateral is 36oz of silver bullion prefer them to be based in the UK
You can find a list of escrows here: https://bitcointalksearch.org/topic/escrow-list-108716And because my collateral is 36oz of silver bullion prefer them to be based in the UK
You will have to send your silver bullion to the selected escrow. The lender will then send the bitcoins to you. The escrow will hold the silver until you repay your loan, then send it back to you. If you don't repay your loan, the silver will be sent to the lender instead, which they may then sell to recoup their losses.
How does the escrow work, and how do I find a reputable Escrow agent
And because my collateral is 36oz of silver bullion prefer them to be based in the UK
And because my collateral is 36oz of silver bullion prefer them to be based in the UK
Always check the Trust, even click on Untrusted Ratings and then Show Ratings. Unless the lender has a proven, impeccable record, use escrow for any collateral. Use due diligence for all transactions.
For physical callateral, yes (collateral can only work when the lender has complete control over it in case you default).
Since the shipping costs can be quite high (especially if you include insurance), altcoins are often used as collateral - transferring them is cheap and almost instantaneous.
Onkel Paul
Since the shipping costs can be quite high (especially if you include insurance), altcoins are often used as collateral - transferring them is cheap and almost instantaneous.
Onkel Paul
I might be looking into asking to borrow some BTC, either 1-2 BTC
As "collateral" i have 36 Silver 1oz coins,
Do i send the lender the coins, in return he sends the BTC, then if BTC is repaid he sends back the coins to me
Is that pretty much how it goes?
As "collateral" i have 36 Silver 1oz coins,
Do i send the lender the coins, in return he sends the BTC, then if BTC is repaid he sends back the coins to me
Is that pretty much how it goes?
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