I can do this if you are able to send the collateral to my address, or a mutually agreed upon escrow, and that the collateral can be liquidated when it drops below 110%.
Unfortunately, Coinbase account access alone isn't going to cut it. From a lender's perspective you are still able to access the funds by potentially recovering the account from coinbase, and thus, the collateral is never exclusively in the lender's control. You're going to find that no one will be comfortable with loaning you with your current offer.
If you do agree with my terms, let me know and we'll get a deal going.
These are the same terms that I, or mostly anyone lending on here would go by.
I am relatively new in terms of posting on this site, but would like to build my credibility as a reputable borrower and prove that I am a worthy investment and potentially long-term business partner.
Thank you for taking the time to read this post and please see below for my info:
Loan Amount: 0.013
Loan Purpose: Personal
Loan Repay Amount: 0.019
Loan Repay Date: 1 week (April 4th, 2019)
Type of Collateral: Coinbase Account Access - $150 in crypto is in my balance
Escrow profile link: None
Bitcoin Address: 1FjTtqHaXMgKGAwaipBFT9XRKFmxA7FjUq
Your loan repayment date is wrong you probably meant March 4th, 2019 lol
Your collateral will most likely have to be sent to someone to hold
loans for the purpose of reputation building only are frowned upon and possibly against the rules
If you are willing to send the collateral out (what altcoins are you holding for collateral?), fix the date terms in your post, and can state why you need the loan besides trying to become a reputable or trusted member I may be interested in providing the loan.
I appreciate you taking the time to respond, it always helps to get the "scoop" from people that have been doing this for awhile. Based on your advice, I have updated the subject, payback date lol, type of crypto (btc cash) stored on coinbase, and the reason that I am needing the loan.
No problem. Glad you are learning. See we are learning more about the loan need as well. It's a win win.
You will be required to send the Bitcoin cash collateral of 110% out to whoever provides the loan. You must agree that the holder of the collateral may liquidate this if the amount drops below 110% of the loan worth. So far your offers are the same from myself and magneto. Pick your poison, lol. I would be willing to use escrow, although since you are concerned about the transaction fees it would be more economical to just do an exchange, collateral for the loan, and when the loan is repaid your coins are sent back. Customarily the person taking the loan covers the fees each way.