Topic: Would you lend in cryptocurrency? - page 7. (Read 2600 times)
if in truth there would be a question of how to lend to someone, I would also prefer stable coins, there are few racks, there are no losses and there is no%, the crypto market is very volatile, which can lead to losses
I'm using Binance Tether lending now. Just started. I think i need to wait at least 14 days to redeem my rewards. I think it makes the most sense to stake a stable coin. At least you don't have any questions in your mind. And whether the price of other cryptocurrencies goes down is none of your business. You can earn a safe return on interest.
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)
So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread).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 put Maxit's whitepaper there, cause the other currencies are known by most of the people, while Maxit is now just a conception. Of course, I would be happy if somebody read the whitepaper or even tell me some serious opinion.
I started this topic cause I am interested in how people think about lending cryptos. And have already some interesting infos, I thought more people would answer ERC20 stablecoins like USDC or Dai.
And about the lending there is valid colateral needed before you can take a loan to lenders.
which is harder now becuase all of the transaction you will do is online and you need to trust both party before you can start the transactions.
As I know maximum number of people do lending service with Bitcoin only.
If there is good lending site for other cryptocurrencies means you need to share the website link here.
It will be helpful for the people who wants to lend the altcoins for collateral or non collateral.
If there is good lending site for other cryptocurrencies means you need to share the website link here.
It will be helpful for the people who wants to lend the altcoins for collateral or non collateral.
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)
So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread).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 put Maxit's whitepaper there, cause the other currencies are known by most of the people, while Maxit is now just a conception. Of course, I would be happy if somebody read the whitepaper or even tell me some serious opinion.
I started this topic cause I am interested in how people think about lending cryptos. And have already some interesting infos, I thought more people would answer ERC20 stablecoins like USDC or Dai.
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)
So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread). 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)
who does that with maxicredit?
there are people lending in this forum you can see them in this Lending section, you are however required to provide collateral and mostly are their account here in the forum. i haven't really tried having a loan but i can see a lot are doing it which its interest goes up to $50. one may find it too much but that's their game. if i will lend it would be btc and expect btc as well.
This is going to be very hard for you because not many people are interested in giving out a loan on this platform regardless of which cryptocurrency. By the way, your account is a newbie, no merits, no authority, not a high ranking member, you have contributed nothing to this community also. the people of this great community will not trust you or your platform for loans, you at least need to be a high ranking member reaching at least a "Senior Member" level for people to trust you on this community.
I will never want loan with your list bitcoin and altcoin above, big risk for your load if you want to borrow with bitcoin or altcoin because when you borrow first time bitcoin or altcoin still lower price, when time for paying have come you have pay whit have you borrow and price of bitcoin or altcoin have higher, you have pay with double value, why not borrow only with money it the same value after you pay back.
I'd be willing to lend cryptocurrency in any cryptocurrency if I get the rate that I want and ONLY if the borrower can guarantee that he is able to pay me back after a period. Be it that through a collateral, escrow, co-payer or through a contract if he has a stable proven income. There is a catch here though.. I'd never lend Bitcoin to get paid in USD for example. If I would do that I would lose a lot in opportunity cost (p.s. I don't think someone would take a 300%/year interest rate loan) 
I will not lend my crypto unless there’s a collateral to it, even close friends can’t simply borrow money from me. People change when money is the subject. But it seems you are just trying to advertise your company in this topic, now you got your desired answers.
Would you give a loan to borrowers in cryptocurrency?
I won't loan people in Crypto because the price goes up & down too much. Too much risk as well. Crypto is not reversal so if i loan without collateral the risk is too much to bear. When you give loans with collateral there is a risk as well. Security & then the price. You will need to check the price every day as crypto can go down over 20% in a day. If someone wants to start their lending business on crypto I would suggest them to deal with a stable coin. Otherwise, they will suffer big loss. If you are in crypto holding is way better than lending.
I would not do that. I think that at the moment, lending in cryptocurrency is too dangerous. To eliminate risk, you need a good credit platform.
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)
Dear "maxitdev", after you put only Maxit whitepaper on the op, this looks like a pure advertisement to me even though you try to hide it under the conversation.
But i'll play along and say that i've always lended eth because it's rather cheap and fast to send and i use it every day anyway.
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)
I would not give any loan to the borrowers without know about the credibility of such borrowers. So many scammers in the cryptocurrency and about what kind of coin that you wanna used it to give a loan is not a big problem. Whatever crypto that you have used it and that will have the same result based on how much your interest that already agreed with the borrowers. 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)
You can use all of them but the main concern in this case should be on the credibility of the borrowers itself. So many scammers are defaulting the loan and they never try to pay back the loan.
You can give ethereum, bitcoin or stable coin as long as who will be received your loan should be a trusted person.
put this in your mind dude.
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)
Theres a lending section on this forum so people definitally Do it, not me personally tho.
i believe the easiest way to create a negative connection with another human is lend them money, it usually goes bad and ruins the connection with that person
BTC was CREATED to battle the problem DEBT has created in the world, maybe its better off we dont bring lending/debt into the crypto world haha
It's interesting what you say. I think the main reason for the last financial crisis was the lack of transparency in lending, not lending itself. The blockchain technology can eliminate this problem.
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)
I am not sure about giving loan to borrowers. Its a high risk and i call it a decentralized loan.
Most people in the crypto currency space has never met, why give loan to strangers ?
Likewise, what if you give out bitcoin at loan and it does 100% the next day ? or it brings 100% loss to the borrower?
What will be the next line of action ?
for me i will lending someone with bitcoin/ethereum as long the borrower have a collateral for him to borrow.
Because with collateral we can sold it if the borrower doesn't pay the loan ontime
Because with collateral we can sold it if the borrower doesn't pay the loan ontime
I never wanted to lend my cryptos to anyone because the chances of getting repaid is less since we are not in control of that money and there is no regulations yet to collect default lend amount in crypto to get collected.
I don't lend people online, it's mainly friends and family with no interest when i have the extra cash and i usually do that in bitcoin since it's how i get paid, thing is, what I find most difficult is that people request a dollar value and i try to make them understand that i lent them a bitcoin amount and expect it back with either higher or lower dollar value. sometimes they're happy to pay a lesser amount, other times they feel cheated, it's a tricky business if you ask me
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