Author

Topic: [LOAN] Asking for a .04 BTC Loan with a 10 day payback and collateral (Read 218 times)

jr. member
Activity: 63
Merit: 5
Thanks guys, I realize what I was asking wasn't best practice. Locking this thread as I got everything taken care of.
sr. member
Activity: 1344
Merit: 307
Hello,

Thank you for taking the time to read this. I am looking to borrow .04 BTC with a payback period of 10 days or less. Upon payback, I will offer .06 BTC to cover short term interest. I can offer 1500 substratum in collateral, I know the current value doesn't quite equal the borrowed amount, but it used to be worth 4 times that much.

The reason I am looking to borrow is to pay some fees for a service for my business. I would just pay it myself, but I am currently above my purchase limit on Coinbase and the contractor wants to get paid asap.

If anyone could do this, that would be fantastic!

Thanks

If your collateral isnt 120% of what youre asking then its not valid collateral. Just because it "used to be worth 4 times that much" doesnt mean it worth what youre asking now. Thats like trying to get a title loan for a car full retail value while the car is totaled and pretty much worthless.

If youre having issues with limits with coinbase then use a different exchange or buy bitcoins (or whatever youre using) and pay whoever you claim youre paying.
legendary
Activity: 3038
Merit: 1104
This is what I do. I drink and I know things.
Without a valuable Collateral and not some token with a possible future "high value", you can't get a loan here. You should know this by now.
I suggest to lock this Thread of yours and try elsewhere.
jr. member
Activity: 63
Merit: 5
Hello,

Thank you for taking the time to read this. I am looking to borrow .04 BTC with a payback period of 10 days or less. Upon payback, I will offer .06 BTC to cover short term interest. I can offer 1500 substratum in collateral, I know the current value doesn't quite equal the borrowed amount, but it used to be worth 4 times that much.

The reason I am looking to borrow is to pay some fees for a service for my business. I would just pay it myself, but I am currently above my purchase limit on Coinbase and the contractor wants to get paid asap.

If anyone could do this, that would be fantastic!

Thanks
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