What is best bitcoin lending platform?

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Check out this new company called Loano offering instant cash against your crypto holdings (no credit checks required). They let you choose the amount you want, the interest rate and the loan term.

Check it out: www.loano.io

Assuming that this platform is actually real (which i am pretty doubtful of); i still wouldn't use them.

They offer a 1:0.7 $ ratio. So a 1000$ worth of crypto gives you a 700$ loan. Combine that with an APR of 16% (Yes, seriously, 16%!!).

One must be crazy to take a loan there instead of just selling the crypto you have. You're just wasting your money using them....

martinbrock

newbie

Activity: 58

Merit: 0

BTCPop.co is a very nice BTC P2P-Lending platform.
It has been around since December 2014.
They have also an exchange, automatic staking of Proof-of-Stake coins and a savings account and an investment pool for loans.

designbuyers

sr. member

Activity: 325

Merit: 253

is those platforms are really works and could help business startups ? or just personal ?

maeusi

sr. member

Activity: 462

Merit: 254

I had good experiences on Bitfinex and Poloniex in lending but I am not sure how proper lending is working nowadays on poloniex. On poloniex and bitfinex you can choose your own interest rates, amounts and time period from two to 60 days.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: ~Bitcoin~ on November 19, 2017, 03:38:04 AM

All bitcoin lending platforms are either ponzi or the one who will take loan from you will never pay you back.
The only reliable way of lending out your bitcoin is through margin lending in poloniex, although you can't make huge daily interest with it.

How about btcjam site bro. I don't know one think if anyone lends bitcoin from this site you guys only has to pay back right so it is been consider as Ponzi scheme or scam attempt.
I see irfan oak for long time. He is doing best work in lending platform as mentioned in lending section thread and seems a trusted person to lending side.

namjar

sr. member

Activity: 361

Merit: 250

Quote from: Svetlows on November 19, 2017, 08:57:05 AM

Bitfinex the best

Bitfinex is offering lending for those who really want to lend their money, but you can not take loans from there because you can not withdraw that money, you can just trade with it and start marging trades with that money, once that you have a succesfull trade, you need to pay a fee to the lender.
There are no good lending systems, better to go to a bank and explain your situation and see if you are able to take that loan, if not, then maybe it is bad luck.
Dont beg money in here, please.

Svetlows

newbie

Activity: 64

Merit: 0

Bitfinex the best

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Try read about this:

http://ethlend.io

https://bitcointalk.org/index.php?topic=2078686.0;topicseen

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: Welsh on November 19, 2017, 05:53:10 AM

Quote from: timerland on November 19, 2017, 04:26:38 AM

Quote from: perrysaico on November 13, 2017, 03:25:13 AM

I want to try it out. Anyone who can suggest a good one?
Thanks!!

I would definitely say on forum, the lending section.

With third party sites you really have no guarantees as a lender and a borrower. If you are a lender then the personal information that you hold really has no weight especially if the borrower is in another country altogether.

If you're a borrower, you have no control over the personal info you submit. They could easily do dodgy stuff with your info.

Plus, a lot of the time you are lending to someone who you've never heard of and doesn't have much of an identity, unlike the forums where they may have a history and reputation to keep, which safeguards you a little more.

Seconded, But whats really good in our lending section is the widely use of collaterals which shows the borrowers sincerity on paying as well as it secures the loaner's money. Although it'll be a different story if the loaner accepted a shit collateral e.g. collaterals which are not easy to sell, scam coins etc.

Meanwhile most lending platforms only requires personal details/ documents which can make the loaner at a disadvantage because these documents holds no value especially if its fake. A lot of lending platforms which works like this have already closed down.

Welsh

staff

Activity: 3304

Merit: 4115

Quote from: timerland on November 19, 2017, 04:26:38 AM

Quote from: perrysaico on November 13, 2017, 03:25:13 AM

I want to try it out. Anyone who can suggest a good one?
Thanks!!

I would definitely say on forum, the lending section.

With third party sites you really have no guarantees as a lender and a borrower. If you are a lender then the personal information that you hold really has no weight especially if the borrower is in another country altogether.

If you're a borrower, you have no control over the personal info you submit. They could easily do dodgy stuff with your info.

Plus, a lot of the time you are lending to someone who you've never heard of and doesn't have much of an identity, unlike the forums where they may have a history and reputation to keep, which safeguards you a little more.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: perrysaico on November 13, 2017, 03:25:13 AM

I want to try it out. Anyone who can suggest a good one?
Thanks!!

I would definitely say on forum, the lending section.

With third party sites you really have no guarantees as a lender and a borrower. If you are a lender then the personal information that you hold really has no weight especially if the borrower is in another country altogether.

If you're a borrower, you have no control over the personal info you submit. They could easily do dodgy stuff with your info.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

All bitcoin lending platforms are either ponzi or the one who will take loan from you will never pay you back.
The only reliable way of lending out your bitcoin is through margin lending in poloniex, although you can't make huge daily interest with it.

kohcainez

newbie

Activity: 3

Merit: 0

It feels like most bitcoin lending sites are ponzi schemes and will eventually shut down. It might be better to actually learn the fundamentals of trading or invest in a trading bot yourself instead of risking your capital.

lucashunter

member

Activity: 125

Merit: 10

There is a lending forum here on Bitcointalk.org, you can create a thread about your loan proposal and the get the fund you need.

If you don't want to use the forum, you can try Bitbond.

perrysaico

member

Activity: 121

Merit: 10

Own Your Privacy! TOR Integrated Privacy Coin

I want to try it out. Anyone who can suggest a good one?
Thanks!!

Topic: What is best bitcoin lending platform? (Read 582 times)