Sorry for this but .001-.002 it's not consider an amount that worth to loan.
Transaction fees for any possible request is the 1/4 of the amount that you can lend...
Anyway, good luck here with your thread, cheers!
I have low Transaction fees no worrys. Transaction fees for any possible request is the 1/4 of the amount that you can lend...
Anyway, good luck here with your thread, cheers!
You have low fees?
And even (somehow) you do have low fees, your possible Borrowers they don't for sure...
Low fees = slow transactions. How do you send them quick? You say you are lending it for less than 24hrs. For sure, the bitcoins will reach your borrowers after 24hrs because you placed low fees! Then that means they are already in default before the bitcoins reach them!
Then there is this problem for the borrowers. For example you lend them 0.001BTC then they pay you, it is either they repay with low fees too or set the proper fees which mean 0.0001 as minimum. That means they are paying 10% interest perday actually, just to pay for fees.
.001 - .002 is not worth a loan and you are just wasting your time. Even if you earn 50% interest a day over those amounts, it's still not worth it.
Ref:https://www.coinbase.com/join/56f5e5f4c421017e04000415
They have low fees and their system process payment fast.
Topic lock will open tmr
