You can check here:
https://bitcointalksearch.org/topic/offering-shortmidlong-term-loans-escrow-40-loans-and-counting-1144224
Personally I have not availed those services. But I offer loan in some other sites. If you find this service useful, please share your experience here. That would be more helpful for other loan seekers.
Topic: Noob question about getting a loan with collateral (Read 1175 times)
Hi,
I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
You can obviously ask for loan providing domain is collateral only if the loan you are asking is less then $8 becuase value of collateral must be minimum equal to the loan value or high (preferred)I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
You can provide anything for loan as long as it's valid and have value..The best collateral would be altcoins (stable one's).
If you want to use a domain as collateral then you have to transfer it to a trusted escrow. If you can't repay the loan back the escrow will transfer the domain to the lender.
Can i sell them easy as bct account does?
I have no idea (saying just so the other users can answer you instead).
though I know that most domain names prices are just estimates. so it might be a bit tough trying to sell it for a high price.
I have too a noob question, what benefits of domain names as collateral? I mean like bct account you can simply sell them higher than the loaned amount of the owner which subject to be defaulted and you gain profits. Will it be the same? I will consider domains as collateral if i can sell them.
that's the whole point of collateral. to be liquidated when the borrower defaulted on the loan.
so yes.
Can i sell them easy as bct account does?
I have too a noob question, what benefits of domain names as collateral? I mean like bct account you can simply sell them higher than the loaned amount of the owner which subject to be defaulted and you gain profits. Will it be the same? I will consider domains as collateral if i can sell them.
that's the whole point of collateral. to be liquidated when the borrower defaulted on the loan.
so yes.
I have too a noob question, what benefits of domain names as collateral? I mean like bct account you can simply sell them higher than the loaned amount of the owner which subject to be defaulted and you gain profits. Will it be the same? I will consider domains as collateral if i can sell them.
Thanks for the reply guys, how do I determine the value of a domain? Sorry for the questions, I'm trying to learn properly before diving in to something I don't understand.
The value of the domain is subjective. You can use www.freevaluator.com,www.siteprice.org to check. The tagged price is only for your reference but whether the lenders will recognize their value is not guaranteed.
Thanks for the reply guys, how do I determine the value of a domain? Sorry for the questions, I'm trying to learn properly before diving in to something I don't understand.
If you want to use something illiquid like a domain, then you should off domains that are worth many times more then the loan amount, probably at least 4-5x (for a domain that is truly worth $500, you can probably only get a $100 loan using it as collateral).
I can advise you that in most cases any loan request that involves the use of domains as collateral is mot probably going to be a scam attempt. Lenders should not accept accept domains as collateral unless they are intimately familiar with the domain market.
I can advise you that in most cases any loan request that involves the use of domains as collateral is mot probably going to be a scam attempt. Lenders should not accept accept domains as collateral unless they are intimately familiar with the domain market.
Hi,
I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
Most domain names are not worth the money it took to register them.
If you have a domain you think is worthy, post it and ask how much collateral you could get for it.
Hi,
I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
I apologise in advance if this question is already answered in exisiting posts or seems really obiouvus. I have been searching for the answer but van't find it.
As a noob here, can someone tell me how I can ask for a loan using domains as collateral?
Thanks
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