Topic: What is considered good collateral these days? (Read 335 times)

It's actually easy for you to understand in terms of loans and guarantees that you can give to members who want to borrow from you.

Example:
* You apply for a loan to the bank, of course they the bank will ask you for collateral such as land certificates, houses, bank accounts etc.

And so on, depending on who you apply for a loan, guarantees must exist, exceptions.

If I look at all of your collateral lists, none of them qualify as loans, they are all worthless to those who provide loans.

OP, because you want to apply for a crypto loan online, of course what you have to bring here as your collateral for other people is a type of crypto too, if you don't have it, your efforts will be in vain, no one wants to give you a loan.

A good collateral is an asset which have a good value that a lender can easily sell without getting any hassle for the item left by the lender.

But don't always think about that you can get more than the value of the collateral you provide. It always lower down the value since the borrower is also making sure that he can get something like the same amount on what he provide or even he can earn more.

Hey there, Freedom4All! When getting a loan and you offer a collateral, it's actually not about what you risk, but what guarantee the lender has so that even if you run away, the lender wouldn't be financially hurt.

So, if you provide your real name, address, phone number, bank account numbers, passwords, PINs, website and various other online account access, and so on; the real names of your friends and family, all their personal information, you are indeed already risking so much. And no sane man would risk those. But the lender doesn't actually care about those.

OP, did you used AI to make that list of collaterals? I'm not sure which one of these things is good collateral. You're on Bitcoin forum and all these accounts with KYC verification isn't an option. Bank account, Coinbase and etc isn't an option here. Twitter account with 5000 followers don't have much value and I don't even know what is Rumble. Localtbitcoins? Are you aware that they don't work anymore.
If you really need to get loan, I suggest you to take closer look at lending board to see what is used as collateral here.

Your title says This is to support your loan application but it should be what is considered good collateral here in Bitcointalk, what you're offering could be good on other platforms but here in Bitcointalk, it should be something that the lender can dispose of in case you default your loan.
I don't think any of what you're offering is a good and accepted collateral it should be based on what the lender here can accept and usually, they only accept tradeable Cryptocurrency.

For what I know on the forum regarding collateral for loan, signature campaign have been used as consideration for a collateral especially long time campaigns but to attach verified accounts with KYC approval doesn't look like solid collateral, I mean it is just an account and no funds in it, so what will the account be used for if there is an exit ? So where the loaner starts using the account as his or resell it (for how much) he might have further problems in withdrawal or by any means updating, revalidating or verification message through email or phone message number.

It is quite delicate to use such accounts mentioned as collateral but I don't know if any btt account has been put out as collateral, I mean like forfeiture of the said account if the loan was not in anyway repaid.

Well, I added some context to my loan request and some answers to questions like this here:
https://bitcointalksearch.org/topic/m.62467147

And some say, "The website could be stolen."
Wouldn't I immediately exploit this website that has a mailing list and people who trust the website owner and all its writers and columnists?
It's not an affiliate website at all. There are no ads. It's actively moderated to ensure discussions remain healthy and trolls have little to no chance. And the website exists since 2019.

A good collateral is the one that the lender can easily liquidate and none of those you've mentioned are one. But who knows if the lender can consider any of those or all of it as one for the amount that you're asking. The lender can explain to you that all of it are worth it and valuable to you but it could be little to none value to him. If you're trying to use them as a collateral, try to sell any of them at any value if you're really in need of money. Because just as what everyone is saying and likely from a perspective of a lender, if I'm the lender alone, I won't take any of it so you'll be declined to take that amount even if it's just for the short term.

It really depends on the lender if they have a use for what you are offering and they can easily dispose to get their capital back, lenders' business is lending so they have to retain or maintain their capital and increase it if possible, they want collateral that they can dispose of easily because lending is risky business, especially online lending where are not familiar on who you are dealing with.

My suggestion is because you are a newbie here and you cannot offer Crypto collateral, just take a bank loan or to your relatives, or sell your stuff, if you believe in your project offer this to an angel investor that you personally know.

Yes, you're right.
I want to become active here again, but indeed: I am urgently looking for a loan, hoping that my online track record and other possible information/access can serve as collateral.Or I want to do something to earn it. But it´s not that easy anymore as years ago.

The main reason I come here is I do come back again to this world en be active and setup my side business again.

I know what I'm doing, will not deal with newbie. For the same reason many here will not deal with me.

Only sometimes you end up in situations you don't foresee.
But I know exactly what funds come in the coming weeks.

Not going to risk all my work online. That´s why I hope to be able to deal with a very reputable member.

I'm afraid it doesn't work that way. There are many well-intentioned people here, but the thing is, people have no reason to trust you. Trust is something that must be earned, and you're not there yet.

Well, if you were an established member with a decent reputation and a track record here, I wouldn't mind to get in touch and engage in business with you. However, in your current situation, you come across as someone overly eager to get a loan, which is always a red flag. That's why good collateral is important when doing business with someone new to the community.

I read that and also, A VERIFIED BANK ACCOUNT, man WTF, i know the other are important accounts but a bank account with real information and in a real legal framework....

Another think about that, in wich country?.

If the account its your please dont be so stupid to give that to anyone. IF not yours.......

I dont want to think you are another one scammer.

That´s what I thought. And it´s not just the website access.

The lender cannot be sure of this, if it is evident to the lender that you are going to repay your loan, then why would they request a collateral. The collateral is to ensure that the lender can get back their money if the borrower defaults, and many times people take loans with the intention of paying back, but along the line things beyond their power happens and they can no longer pay back, if that happens in this case, what is the lender going to do with the website?
There is no such service on Bitcointalk, it takes a long time to become a member with a high reputation here and it is based on how trustworthy the member has been in all their years in the forum.

This sounds like an apartment with a sea view. It's nice and adds value, but at the end of your vacation, you can't take it with you.


It's more than complicated. As Loycev mentioned, even if the lender would accept the site as collateral, what are the chances that he would sell it if you don't repay the debt? It should be a ratio of at least 1:10, if the estimated value of the website is $1000, the maximum that would be calculated for collateral is $100.
You would also have to transfer the management of the domain to the lender (which is again an additional cost)


And here the lander is not very useful. Maybe he could add his own accounts so that he takes the profit, but that is also risky and can cause a ban on advertising and sm services. Plus, a lender would have to know a lot about the backend of a website, and these are not related jobs.

It is obvious that you are far from being able to get a loan based on everything you listed, OmegaStarScream gave you the most accurate answer. If you already have a continuous income from your business, it might still be better to rely on your own finances and go step by step. Everything will be slower, but you won't complicate things further.

Apart from the website, there are numerous interconnected elements. Social media, an advertiser, a video channel, and a community that recognizes me due to the website. Additionally, there are payment methods associated with it, among many other things.

From the lender's perspective, they might perceive these connections as valuable collateral. Alternatively, they may view them from a different angle and consider them decent collateral. Moreover, it should be evident to the lender that I would never ask for a loan unless I am absolutely certain about my ability to repay it.

I understand that this can be challenging. Is there a service available that specializes in verifying someone's legitimacy by seeking information and answers to specific questions?

That's part of the risk if the lendee wants to make his/er website's admin access as a collateral also with the help of reputed escrow.

No,

The lender that contact me will see that is not the case. Even if he does not lend me, he will confirm that I am at least very legit.

There might be few but there still are enough people with just good intentions. And he/she will know and see that.

A legitimate lender won't accept your collateral. He can't know if you're honest, and the accounts you give could be stolen.

That's why I hope it can be seen as collateral. I have a lot to lose, but I am fully aware of what I am doing and what I anticipate in terms of funds coming in. The only risk I face is the possibility of dealing with an illegitimate lender who may take advantage of the situation. That's why I am actively seeking a reputable lender or member.

Thank you for providing this information.

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.