I am very much interest in giving out loans in cryptocurrency, but I really don't know how to go about it, though I know that people have been giving out loan in the loan section of this forum. If I am to choose any loan to give out, it will surely be bitcoin, I know that many people would be scared right now because of its volatility, but it is in the future that one will really enjoy it.
It would have been stable coin, but I really don’t see any benefit in having a coin that is stable and not going to benefit or profit me aside the interest. It is only when I don’t have any choice that I will go for stable coin, but for what I feel will really benefit me in the long run, I think that it will be bitcoin, I can still manage to give out Ethereum also, but I don’t think it will pay me as much as bitcoin.
Topic: Would you lend in cryptocurrency? - page 2. (Read 2616 times)
I think getting a loan in Bitcoin and other altcoins is very good, but it's still converted to dollars or euros. If I borrow 1 BTC for a long period of time, I think an unstable BTC price will make a different price if there is no prior agreement, such as how much BTC I return when it costs $10 thousand when I borrow, and how much BTC should I return it when it costs $20k
Online loans (replacing banks) are growing very rapidly and I hope that more and more companies are developing crypto lend, the presence of crypto lend can certainly add significantly to crypto users.
I have seen so many members giving out or lending members on this platform with different cryptocurrencies which to me is cool. This depends on the trust level of the individual and for me, I will lend depending on the current situation of the market and also the kind of person I am lending to.
Would you give a loan to borrowers in cryptocurrency?
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
It will difficult and complicated to led cryptocurrency since it is dynamic and fluctuating all the time. True, you could use this as an advantage in such way that you can earn a lot more by just the timing of the peak of the price will be the time you will get paid. But it is a double edged sword and it might be used against you. Also, most lending institutions need KYC, something that most of us do not like. So, lending cryptocurrency has still a lot more to be improved before people will start getting interest for it.
Would you give a loan to borrowers in cryptocurrency?
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
Sure, why not. I don't see the reason why i should not if he requests for the loan in cryptocurrencies, after all having to use cryptocurrencies for our daily transactions is what we wish to see and so if someone requests a loan in cryptocurrencies i would give it out. However i prefer dealing with bitcoins but whatever the case maybe i would want him to pay me the exact amount of bitcoin i sent and not it's dollar equivalent at the time of transaction. If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
This post is an advertisement post, look at the other suggestion of op and his name too. There's even a whitepaper and link for that unknown token and the others, they don't even have link to be clicked.
I do not understand the procedure for granting a loan. Do you have to provide your personal information? If so then after that you and all your wallets will be in danger. Why do I need to take money from strangers and risk my anonymity? If personal data is not needed, who will protect the borrower?
There's lending in the forum and all you have to do is to be trusted and have a collateral, if you don't pass on any of the two, you will be declined. You are a senior member and I think you have been familiar with that process. 
The risk that is borne when lending using cryptocurrency is a fluctuating price, if when we lend the price up and be paid when the price goes down, it will not benefit us. Assets are fixed but the value of assets decreases. A safe choice is to use a stable coin like USDT. The safest way to lend is FIAT currency because it is stable and the value is not too volatile like crypto.
Yes, I would.
The difference between FIAT loans and cryptocurrency loans is that in fiat you dont have to worry about currency fluctuations , you say that you get back the same amount + interest. But how would you define the amount in cryptos? The best way would be to define it with respect to fiat.
The difference between FIAT loans and cryptocurrency loans is that in fiat you dont have to worry about currency fluctuations , you say that you get back the same amount + interest. But how would you define the amount in cryptos? The best way would be to define it with respect to fiat.
No, i wouldnt want to lend or borrow in cryptocurrency because of its volatility.For example, I can lend out a 300$ BTC to someone and might end up being 250$ when he or she is paying such to me back so i don't condone lending cryptocurrencies as the volatility is just too high
Yeah, people lend such amount and when they will gain profit so will be able to again give them back so if I got such a chance from someone I will take bitcoin. Getting 250$ then you invest it in good coin and one day you get profit so it will be good for you but I don’t know who are those people who give money to people but don’t use by themselves 
Of course why not, especially if you have shortage in trading. Here in the forum, there are a lot of reputed people who were a good lender using cryptocurrency but usually, they are using Bitcoin. There's nothing wrong if you wanted to borrow a cryptocurrency as long as you have an earning too in crypto. Yes, that was quite a risk and a high-interest rate but if you had no choice you can grab the opportunity. You can visit on Lending board you can check how it works and who are those members here in the forum who was repeatedly asking loan.
I believe that if you give credit in cryptocurrency, it should be stable coins. If you choose volatile coins, it is not profitable for either side because of the strong fluctuations in the exchange rate.
I didn't lend any money e for my personal purpose also in in cryptocurrency platform. There are plenty of web sites providing lending support for the group of users to get the loan with proper collateral.
My personal advice please don't get lunch at all it will trash you in in few moments.
My personal advice please don't get lunch at all it will trash you in in few moments.
Would you give a loan to borrowers in cryptocurrency?
If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
It's weird to see LIBRA on the list when it's not officially launched, we don't even know for sure if it will pass regulatory hindrances. Well that said, I've always used Bitcoin in margin trading if that's the type of lending you are talking about. In essence, I'll give a loan in BTC. If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)
I do not understand the procedure for granting a loan. Do you have to provide your personal information? If so then after that you and all your wallets will be in danger. Why do I need to take money from strangers and risk my anonymity? If personal data is not needed, who will protect the borrower?
Of course bitcoin, why? Because I can offer on how amount of bitcoin he want but he would give interest but he pay was the bitcoin too. The price of bitcoin was volatile and it is hard to become a shitcoin so I am like to do investment on fair or winning.
Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.
Borrowing with bitcoin or altcoin is not recommended. because the agreement must be complicated. when the return is in accordance with the price of bitcoin or the value of bitcoin and does not care about the price of any bitcoin. better if you lend or make loans using dollars or currencies that are not volatile like bitcoin. very risky in my opinion
What? Its good if you are planning to hold any of those coins, Did you visit the lending section there were lenders who made profit if they know what they are doing. Lending out coins is a good way to increase your holdings if you dont plan on buying the coin.Such service probably exist. I have seen many members advertise them here... Whether they are real/safe or not, I don't.
In my opinion, don't handover your Bitcoin to strangers just like that.
It should be possible to deposit your Bitcoin on a safe platform and still have totally control over it while your paid trader trades on your behalf through a shared interface.
No, i wouldnt want to lend or borrow in cryptocurrency because of its volatility.For example, I can lend out a 300$ BTC to someone and might end up being 250$ when he or she is paying such to me back so i don't condone lending cryptocurrencies as the volatility is just too high
There are individuals who provide lending service, because they have TD fund that can be given out to those who want to borrow from them. So if I have enough fund for that, why can't I. At least, in a way, I will be of help to others. Although I have never borrowed, but that does not mean I cannot lend out.
Jump to: