Topic: What is considered good collateral these days? - page 2. (Read 288 times)

The point of collateral is to be able to sell it when needed. Selling someone else's bank account would mean committing a crime.
As for the other account ideas: it's probably best not to consider any online account as having any value. The only people interested in your accounts are the ones who use it for things they don't want to do with their own name attached to it.

And conversely, if I, as a lender, do not measure my capability to manage the guarantee (in the event of a default), then it is as if I am getting a worthless return.

The weight of the collateral of a website is relative and its application is very difficult. I imagine if news portals like coindesk were found out to be in status for collateral, I think it created some negative perceptions and statistical performance would probably decrease reflecting the value would decrease as well.

I would not play with an already established website. Giving administrator access as collateral can cause serious problems. Anyone who is ready to do that does not believe in its value, just by agreeing to open it. Likewise, anyone with a functional and valuable website will not allow unnecessary admin access to a third party.

I bet a high ranking and reputed website is enough for a collateral, but still depends on the lender if he will accept such offer, also an escrow to handle the accounts should be present.

There are lenders on this forum who will give loans based on the person asking or reputation of the person asking without collateral. Of course, those that get these kinds of loans are extremely reputable on this forum and tarnishing their reputation is the last thing they would ever want to do.

With that being said, OmegaStarScream gave you the best answer.

You are trying to provide a local Bitcoin account as collateral  I have no headache about the collateral I acceptable or not. But my headache is how you will give that as collateral while Localbitcoin stopped their service. So, undoubtedly it seems to me you are trying to scam.

I understand.

Well, I need to be creative.
There are other ways to startup something quick, legit, to be able to do nice business again. Something will come up in my mind. My habbit is to concentrate on just 1 thing at the time.

If any tips tho, please let me know. I try to read all  the answers al my posts but that is not always easy. Especially if on mobile.

Every collateral options you listed are invalid in this forum. I doubt if you will be able to get a loan using the mentioned collaterals in this forum. The next issue might be your reputation because your activities in the forum matter a lot. How will you feel if someone just knock on your door one morning and you don't even know the person and the first thing he asks from you is a loan without any valid collateral? You will not give the person the loan because you rarely know him. Nobody will give a loan to a stranger in this forum. After all, you might disappear without paying the loan because you have nothing to lose. You reputation in the forum can be collateral and as you can see you dont have it for now.

The question is, how will the lender recover his money if you decide to default the loan?
Owning a verified Coinbase account means nothing. Nobody is going to go through the troubles of selling your personal accounts so that they can recover their funds. If you think the verified accounts are of any value, then try directly selling them for $900 instead of using them as collateral to borrow money, and you will see how hard or easy it is to get them sold.

Established person online outside the forum is not gonna help you to get a loan here since you are asking the loan in the forum and not from the outside. Things which valued the most by forum user is the only acceptable collateral here like I mention previously.

You can just sell your collateral on the marketplace instead of asking loan using that collateral if you really need the money now so that you can get money from the real value of your supposed to be collateral.

What will the lender do to your established website if he cannot sell it right away to recover his capital, personal details can be faked and even if the personal details are true what will the lender do to your information to get his capital, even if he posted your face in the internet he cannot get his capital back.

I don't know if any lender will accept a website unless he is a webmaster and can use that site for his business but he cannot own it because you can cheat the lender by downloading a backup copy of the site.
Lending online is very much different from lending offline the lender can dispose of the collateral when he needs it so offer something that he can dispose of or sell right away to recover his capital, not your details or websites.

The suitability of the loan and collateral depends on the risk/reward ratio and the purpose of the loan. If the loan is for a business-related venture, it might be worth considering alternative options such as seeking an angel investor rather than a traditional loan.

By the way, if you were truly an "established" person in this community, you might not even need collateral for relatively small amounts (like $900). Your name and reputation alone would serve as sufficient insurance. But since you are a newbie, that is out of the question in your case.

Thank you, Beparanf:

So to summarize: Even if you are an "established" person online and have a lot to lose if you don't keep a commitment made during a loan, is there nothing else as collateral other than real value like other cryptos?

A good collateral on crypto are those things that can be exchange immediately on market value like cryptocurrency itself. You will notice on DeFi lending that crypto is being lend for crypto and not other things such item that you list because services account has no market value at all and can’t be liquidate when the loan is already overdue.

But if we are talking about the forum loan system, Stablecoins, Top altcoin and enrollment on long time running signature campaign are the most accepted collateral/requirements to get a loan here.

In my opinion, none of the items you have mentioned can be considered valid collateral for a loan. When granting a loan, lenders typically require collateral that holds significant value and can be easily liquidated and converted into money to recover the loan amount in case of default. Besides, offering some of these KYC accounts is probably even illegal and against the terms of service. (What is the point of a verified Loclbitcoins acc now anyway?)



All that what you mentioned hold subjective value to their owners. Lenders generally look for assets that have objective market value. For example, "full personal details"... What use would that be to the lender?

Thank you.
That answer is clear.

Could the risk to lose a established newswebsite and anything connected to it and even your full personal details, a colleteral for serious people?
Just very stupid people will offer that as colleteral unless he/she knows very well what he/she is doing but needs help with that?

I wouldn't consider anything on this list valid collateral. I don't think anyone cares about KYC, since people can buy these, probably for less than 900$. It's about the ability to sell the collateral if necessary.

So if lend you 900$ and you decide to not repay me, can I resell the Coinbase account for 900$? obviously not.

Verified accounts are probably riskier than anything else because if the account is verified using your real identity, you can always claim it back.

I believe this is the right place to ask such a question.

What is considered a good collateral for a personal loan of less than $900/BTC for a duration of one month, in addition to other cryptocurrencies as collateral?

-A reputable news and opinion website where the individual themselves has been actively involved until today.
-Full access to that website in a way that the website owner cannot remove the borrower, but the opposite may be possible (if such an option exists).
-A Twitter account associated with it, having 5,000 genuinely engaged followers (although some spam bots may be present).
-A Rumble channel associated with it.
-A verified account of choice as collateral.
-A fully verified bank account.
-A fully verified Coinbase account.
-A fully verified Google account (linked to the website).
-Fully verified casino accounts.
-Space for advertising on the lenders website as a form of collateral.
-Control over his website
-Control over online shops such as Etsy, Printful, Printify, Shopify, which the borrower has set up and are fully verified, as they intend to generate passive income through them (although new sellers typically have to wait around 45 days before receiving payment).
-A verified Localbitcoins account.

I can extend the list further. Anything where the borrower is officially registered may potentially be considered as collateral.

Are any of these valid collateral options? Or does someone get´s where the lender is at this point and has some advice after reading this, much appreciated. Here or PM.