I don't know OkCoin.
But i'll tell you what i know about lending here;
You can make some steady profit and fairly fast profit depending on how you go about it.
Imo you have to do it by taking a solid collateral. The guide suggest 110% of the value and something that you can sell fairly easily.
Here is the Subforum;
https://bitcointalk.org/index.php?board=65.0
Pay close attention to this guide;
https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765
Topic: okcoin lending insurance (Read 490 times)
Hi ,
if any of you guys can share experience about insured lending at okcoin ? especially if your borrower defaulted , did the insurance cover your investment?
also i was talking with okcoin support to get a better understanding of terms , at start they said insurance does not cover 100% then after i push harder they said it does cover 100% of investment except "force majeure" , this is a very broad term which can include basically anything , i can understand fire , earthquake and so on but since lately okcoin get DDOS on daily basis is it included? (i can foresee any exchange getting attacked by hackers).
if you have an experience i would like to hear.
thank you
if any of you guys can share experience about insured lending at okcoin ? especially if your borrower defaulted , did the insurance cover your investment?
also i was talking with okcoin support to get a better understanding of terms , at start they said insurance does not cover 100% then after i push harder they said it does cover 100% of investment except "force majeure" , this is a very broad term which can include basically anything , i can understand fire , earthquake and so on but since lately okcoin get DDOS on daily basis is it included? (i can foresee any exchange getting attacked by hackers).
if you have an experience i would like to hear.
thank you
Sorry I can't even sign up there. I tried a few months ago and they asked for my passport number. I do not even own a passport lol.
Hi ,
if any of you guys can share experience about insured lending at okcoin ? especially if your borrower defaulted , did the insurance cover your investment?
also i was talking with okcoin support to get a better understanding of terms , at start they said insurance does not cover 100% then after i push harder they said it does cover 100% of investment except "force majeure" , this is a very broad term which can include basically anything , i can understand fire , earthquake and so on but since lately okcoin get DDOS on daily basis is it included? (i can foresee any exchange getting attacked by hackers).
if you have an experience i would like to hear.
thank you
if any of you guys can share experience about insured lending at okcoin ? especially if your borrower defaulted , did the insurance cover your investment?
also i was talking with okcoin support to get a better understanding of terms , at start they said insurance does not cover 100% then after i push harder they said it does cover 100% of investment except "force majeure" , this is a very broad term which can include basically anything , i can understand fire , earthquake and so on but since lately okcoin get DDOS on daily basis is it included? (i can foresee any exchange getting attacked by hackers).
if you have an experience i would like to hear.
thank you
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