Topic: Solid 11.5% APR - Lend me your bitcoins and earn a solid interest. (Read 788 times)

Yes, and if i borrow 0.1 BTC? or perhaps 10 BTC? Will tx fees still be an issue?

Regarding the interest rate, as i wrote three times now, what is usually known as savings accounts on different p2p sites around the web provide, from my experiences, between 2.5-10% APR.

If you only wanna lend your btc for 100+% APR you are VERY welcome to pursue that. There are plenty of offers around the web Be careful though, the higher the APR the more likely you are being lured into something fishy.

That would mean that after the 10 day period, there would be interest of 0.315%, which would be 0.0000315 BTC of interest. The lender would still be losing out, since usually you need to pay more then that for the tx fee otherwise it would take forever, or not even confirm. I think some nodes reject txs with under 0.00005BTC in fees. Here on the forum, usually interest rates are higher then normal. The best I can offer you is a line of credit, up to 0.1BTC, using 120% of litecoin as collateral, with a 4% interest for the 10 day period or 3% if the amount is over 0.05BTC, so it would actually be worth it for me. I would reserve the right to sell if the litecoin value reaches 105%, and I will notify you once the value is 110% so you can choose whether you want to supply more to bring it back to 120%. If you need bitcoin frequently, I can just keep the litecoin until you decide that you no longer want loans, or return it after every repayment.

As i also mention, the reason i chose 11.5% APR is because i've found several sites offering 'risk-free' investment-returns of between 3-10% APR, and i hope to outbid this. I do realize the return is rather low for such type of investment/anonymous agreement which is why i dont hesitate to show my trust with a reasonable collateral.

I must admit that at the time i created this thread, i was very doubtful as to what outcome it might bring, and i am still fairly sure i will get burned sooner or later, but i definitely believe some honest and trustworthy people to have some idle coins they'd love to use to help out a fellow crypto-enthusiast After all, having 0.01 BTC @ 0.0315% daily interest is FAR better than having 0.01 BTC somewhere on a wallet, perhaps even cold-stored.

Thanks for stopping by, in any case

As OP pointed out, 11.5% is the annual interest he might give. His 10-day interest (the maximum amount of time before he returns it) is 0.315 percent . The reason of the quote is you'll accumulate 5% after almost 6 months.

I don't see a reason why you guys are getting hyped about the 120% collateral as it's obvious you'll get in return a rather poor interest. I know making sure your money is safe is a priority but you'll get close to nothing if the loan doesn't default.

Good luck to OP though, seems to have a way with words.

Didn't know about pm restrictions but it doesn't surprise me.   This forum attracts scammers and spammers and you can create as many accounts as you want.

I appreciate it. Your warning is definitely noted, and so is your interest I do have dash/dogecoin for collateral.

On a side-note, wth is up with msg limitations? I understand public messages, but limiting PM's? ;(

Yes I'm familiar with his scam.  It was a scam because people paid him for an escrow service that they thought was a legitimate 3rd party.  I'm just saying be careful.   One of his alts is Panthers52.  There's a whole thread on alts here.  I'm on my phone and way too lazy to link to it.  But good luck and as I said I would be interested if you can cover the escrow and use maybe Dash or Doge.

At the moment i am setting up my very loan agreement on bitcointalk and will for obvious reasons wait and see how it goes before establishing further loans

I am truly impressed by the short time frame this community moves in, and the commitment and shared concerns which are seen in basically every thread i've visited so far.

I will definitely be looking for loan opportunities with required collateral in the future so don't be shy to show interest.

Tobias J.

I read his trust, did you do the same and decide to warn me just now, or are you familiar with his Escrow scam and what the exact circumstances are?

As far as i know, the user you are referring to did not steal any coins or anything else of value but simply used an alt-account to act as a 'trusted' escrow which i of course realize might seem a bit dodgy in which i completely agree, but do not see as a reason to call scam.

Please enlighten me if you feel like you have any knowledge that would be 'game-changing'.

I can lend you coins using litecoin as collateral at 120% of the loan amount, where I will cash out the litecoin if the value reaches 105% of the loaned amount. Please let me know how much btc your looking for and we can set something up.

Thanks,

DebitMe

OP make damn sure you send collateral to someone you know is not an alt of quickseller.  What he's not mentioning of course is that he was involved in an escrow scam.  Just read his trust. 

I might also be interested if you pay escrow fees. 

I am interested also, i want to get a list of altcoin that you can offer as collateral, (quantities also like to know)
And what amount of loan you want taken?

regards
-zz

Sure, I accept loan requests via PM, although I do prefer that any final agreement be public (I do make exceptions to this sometimes).

I would also recommend that you are sending the collateral to someone who you trust with such an amount of collateral and if you do not then you should have the collateral send to a trusted party who you both trust with the amount of the collateral.

Yes, i can offer LTC and ETH as collateral.

You also seem like the most trusted member showing interest so far, so if you don't mind, i'd love permission to PM you a loan requests when needed, of course with 120%+ collateral.

As of right now, i have plenty of offers and due to Eth and LTC being the preferred collateral by miles, i cannot accept everyones offers and still provide enough collateral.

I would feel terrible going back on a deal just because you are several trustpoints ahead

Anyways, thanks for your interest and i hope you will give me your permission.

What collateral do you have? How much of a total loan do you need?

Edit: in the above post you mentioned you can secure almost any altcoin. If you can offer LTC or ETH then I can help you.

I thought i made it pretty clear i have almost any alt-coin in a considerable amount.

My idea was that interested users could either post here, or PM me, the amount they wish to lend me, and the types of alt-coins + amount they would consider as valid collateral, if i cannot meet their requirements i would let them know.

Of course, there is the issue of trust, which is why I will send collateral BEFORE i get the bitcoins, and i will also take great considerations regarding the status/feedback that the lender has.

Please, do ask me to elaborate further if you have additional concerns.

What kind of alternate coins do you have to use as the collateral?
You need to disclose this first so the potential investor knows what is being offered as collateral.
There is also a subject of trust since you don't have any on this forum yet.

Hello Bitcointalk!

As the first thing, you probably noticed the age of my account (Yes, i am a complete newbie to this forum) however i respectfully urge you to take your own precautions regarding this, without insulting or, in any other way, try and degrade my trustworthiness unless a good reason to do so is present. I will happily answer any and all questions.

I will be accepting loan offers of 0.01+ BTC, and i will pay a non-negotiable interest rate of 11.5% APR (0.0315% DAILY interest) and the maximum length i will hold any single loan is 10 days.

The reason i am making this post is because I have several bots claiming faucets 24/7 with 2captcha.com which, at the current BTC price, returns approximately an APR of 16-17.8% with absolutely no risk factors other than faucets shutting down (which frequently happens, while new sites usually take their place).

(reflink: http://2captcha.com/?from=1586125)

You might also wonder why i am looking to fund my 2captcha account with loans. This is because my bots mainly generate alt-coins, and many of which are somewhat lesser known coins which might take a huge jump in any one direction someday, so instead of exchanging my altcoins to BTC to fill up 2captcha to generate more alt-coins, i would rather have the opportunity to build up my altcoins and exchange when the time is right to do so.

Also, i hope to make a presence in the lending section as the idea of anonymous collateral loans is what i have been searching for at several p2p sites (pop, btcjam) which requires a thorough identification, and me no like that.

I've found several sites offering between 5-10% APR with or without some requirements, i hope to 'outbid' a great portion of these.

Of course, there are the issues of trust. Can you trust me, can i trust you?

I will, of course, offer 100-120% collateral BEFORE you send me the loan amount but i will reserve the right to deny any and all offers i receive.

The collateral will obviously not be my bitcointalk account, but alt-coins. As stated above, i have plenty of alts to use in collateral.

Concerns:

I realize i might achieve nothing more with this post than attract tons and tons of 'collateral scammers' seeking to deprive me of my altcoins and i will therefore be very skeptical before making any kind of arrangement.

I also hope i will not experience any negative ratings or any such kind, since i intend on making a presence here on this community, preferably as a trusted member with a good reputation.

Thank you for your time, and consideration.

Also, any helpful tips and/or advices is greatly appreciated!

Regards, Tobias J.