Topic: Is there any BTC bank? - page 4. (Read 2962 times)
You have like an 80% chance of getting scammed, so you'd need to charge about 500% interest to come out ahead.
The whole point of btc is to avoid banks.
Of course there is NOT any btc bank.
...
Of course there is NOT any btc bank.
...
+1
The main idea of Bitcoin is to avoid 3rd party trust issues.
Your Bitcoins should appreciate in value without the need for interest to keep up with inflation. (well that's the theory)
As others have said, the lending subforum is your best bet.
There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
Collateral is the keyword here. No lending without insurance of getting your money's worth back! There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
As others have said, the lending subforum is your best bet.
There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
There was a Bitcoin site that let you lend them money for a certain amount of time for a little bit of interest (more like a CD than a bank account), but I doubt they're still online. I would be cautious giving out money to anyone if you want to get it back, unless they can provide collateral worth more than the BTC you're giving out.
Be very careful about scams, there are sites that let you invest in them or other things, but I suggest you avoid that because you are either likely to be scammed or make so little on your investment it wont be worth your time. Plus, holding your own money in something like a cold wallet you own is the best way to avoid loosing your money to anything like scammers and hackers. Also, if something sounds too good to be true, it is too good to be true and either someone else is getting screwed (pyramid schemes) and/or you will get screwed.
I think there is a bank related to btc which pays off interest just google it i can't remember the name clearly but i have read about it somewhere its sand(something).com just google it !!
Lending people your btc is the best way to lose it. Might as well send it all to a ponzi. -_-
Sir, may I point out that you are highly incorrect there?
Sending to a ponzi is stupid. You send it to scammers. You might as well send it to me.
Lending people your btc is the best way to lose it. Might as well send it all to a ponzi. -_-
The whole point of btc is to avoid banks.
Of course there is NOT any btc bank.
...
Of course there is NOT any btc bank.
...
I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
Is there only wallet in BTC world?
If so, one more question...WHY?
I think it's more appropriate to ask "why a bank?" When it comes to Bitcoin, what extra services or security could a bank offer that is not an inherent part of Bitcoin itself?
I wouldnt get into that, majority are scams.
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
Thats why everyone that lends money here asks for altcoin collateral or others, or proper collateral. Thats why BTCJam is just rubbish.
I wouldnt get into that, majority are scams.
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
I mean think about it for a second, whats the collateral? for lending, its just acting like a actual bank, when the user cant pay up, then what?
And thats even finding "trust worthy users".
There used to be one named FlexCoin, but it got hacked.
A bank isn't really needed... You would be better off keeping your wallets with your bitcoins to yourself anyway.
Banks that hold a large amount of bitcoins would be more likely to be targeted and hacked.
A bank isn't really needed... You would be better off keeping your wallets with your bitcoins to yourself anyway.
Banks that hold a large amount of bitcoins would be more likely to be targeted and hacked.
There used to be but it crashed down. The Lending subforum is your best bet.
I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
Is there only wallet in BTC world?
If so, one more question...WHY?
You can lend or borrow bitcoin here. https://bitcointalk.org/index.php?board=65.0
Or, there are some other sites like BTCjam that allows you to do so.
I mean the bank giving out some interest or making some loans.
Is there only wallet in BTC world?
If so, one more question...WHY?
Is there only wallet in BTC world?
If so, one more question...WHY?
Jump to: