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Hey everyone! I'm now offering Bitcoin Loans up to 2
BTC. Collateral is required!
What is considered collateral?
Collateral is something that can easily be resold to cover the loan value plus interest should the you default on the loan.
- - Bitcointalk account with signed message.
- - The best collateral is another crypto-currency, such as Litecoin (also written as LTC).
- - Some digital wares such as domain names can be considered as long as the you cannot recover it.
- - Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
What is not considered collateral?
- - Future income. You can prove you'll make "x" coins in the next few days, but nothing forces you to send those coins to pay your debt.
- - Identification
- - Most new alt-coins or alt-coins that trade for satoshi are not good collateral as they can become worthless overnight.
- - Paypal Funds
- - 98% of domains
How do I request a loan?
Simply copy/paste the below code.
[b]Loan Amount:[/b]
[b]Reason for Taking out a Loan:[/b]
[b]Amount to be repaid:[/b]
[b]Repayment Date:[/b]
[b]Type of Collateral:[/b]
[b]Bitcoin Address:[/b]
If you fail to repay your loan, I reserve the right to liquidate your collateral.
Let me know if you have any questions.
- -Dev
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