Is a domain considered as collateral? - page 2.

DireWolfM14

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Quote from: Mitch212 on August 30, 2022, 05:00:14 AM

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

I'm not sure how much that domain is worth, but if it's a profitable business, you may find a lender willing to help. If I were to issue the loan I would want the ownership of the domain transferred to me, and all expenses for the transfer payed by you.

How much of a loan are you looking for, how long before you plan to pay it back, and what interest rate are you offering to pay the lender?

Mitch212

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Quote from: NeuroticFish on August 30, 2022, 05:13:36 AM

There's this post about what is considered valid collateral. It's not too long and will give you an idea.

If that domain can be recovered by you in any way - by email, by proving your identity, name it, it's not valid collateral.
Even more, if the possible lender thinks that you may be able to recover the domain, he's "gone".

If that domain is not valuable enough (the domain, not the underlying platform that can be moved anywhere else), again, it's not a valid collateral.

I hope it's clearer.

I'll be transferring ownership until the amount is paid, there is no way I can recover it if I transfer ownership because I have to input my 2FA and a lot of securities

NeuroticFish

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Quote from: Mitch212 on August 30, 2022, 05:00:14 AM

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

There's this post about what is considered valid collateral. It's not too long and will give you an idea.

If that domain can be recovered by you in any way - by email, by proving your identity, name it, it's not valid collateral.
Even more, if the possible lender thinks that you may be able to recover the domain, he's "gone".

If that domain is not valuable enough (the domain, not the underlying platform that can be moved anywhere else), again, it's not a valid collateral.

I hope it's clearer.

Mitch212

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so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

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Domains can be used as collateral if the lender considers them valuable enough. At that point you might then have to set additional terms for what happens if you're unable to pay the loan on time, is the lender able to use the domain straight away or should additional time be given (this could be discussed afterwards but the lender might be more likely to reject the offer or put an imeddiate auction up for the domain so you have to try to outbid other people wanting to buy the domain).

DireWolfM14

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Quote from: Mitch212 on August 29, 2022, 12:54:50 PM

Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

Generally speaking, no, but it really depends on the lender. It's nearly impossible to put a value on most of the domains out there, but if you were to offer (for example) "yahoo.com" as collateral, I assume someone would accept it. The other issue you're going to run into is that the lender wants assurance that the domain cannot be retrieved by the borrower through social engineering. The only way to do that is by transferring ownership. Unless you're willing to transfer ownership of the domain to the lender (or an escrow agent) and incur the costs of transferring to and from the lender, then not even "yahoo.com" would be considered as valid collateral.

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Quote from: Mitch212 on August 29, 2022, 12:54:50 PM

Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

Domain cant be a valid collateral if that is not for a running business as that might be value of 10$ while at the time of lending it can be seem as 1000$ or more. Beside altcoin, physical coin and valuable materials (watch, gold etc) can be considered as collateral.

Mitch212

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Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

Topic: Is a domain considered as collateral? - page 2. (Read 384 times)