Topic: Would you lend your cryptocurrencies? - page 2. (Read 3598 times)
It depends on what conditions
Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
I just have a question for you Sir, are you planning to borrow here in cryptocurrency? Or maybe you're looking for someone to borrow cryptocurrency or Bitcoin? As far as I know, there are other members here in this forum who lend crypto to anyone as long as the lender enters what they are looking for in the borrower. Because I know a few names that already lend crypto to it.
Here try to check this one dude loan offer https://bitcointalksearch.org/topic/darkstars-loans-btc-usdt-270-501-monthly-3243635
Now if you are planning to loan in the exchange, I could say there is a high risk and high requirements also for the community
who wants to loan, and that's a hard to trust there is a 50/50 chances I guess if you do it.
This is a tough one. I would think if you did p2p that there would need to be some sort of escrow involved. If you are doing via some sort of exchange, then you run into the whole not your keys, not your coin thing and gotta hope the exchange is and remains solvent and hasn't overextended itself either.
Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
I never think it makes sense to lend funds to someone in cryptocurrency.For example, I would like to say that if you lend funds to someone then what will you do if that person refuses?You can't judge people about it. Time will tell you will refuse to pay your funds and you will face a lot of big losses.I think this cryptocurrency will never lend funds to anyone.If necessary, deposit it in your fund savings. There will be a good profit every month. 
I understand your desire to multiply your money, but as usual, greed doesn't lead to anything good. Cryptocurrencies already by default, upon ownership, allow their owners to increase their wealth. Why not be content with it? Trying to lend it out carries huge risks, because you are "giving away" crypto. This is important to consider, because nothing prevents borrowers from scamming and not fulfilling their obligations to return funds. I consider the lending to be extremely high-risk and unreliable.
In the business of crypto investment everything involved is risk associated, keeping your asset without wanting to lend out is a risk, and same also applies to the decision of having to lend out.
Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
IN last few years - after the Corona - I have learnt the importance of money. Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
I was rather very quick in giving away my money and rather than making some investments. But now I have a little crypto - I don't want to lend it to anyone. No not at all.
I feel you. When it comes to my crypto i made sure to store if offline and only sent it to exchanges.
Lending seems a bad plan too.
The 12% sites seem to fall like rain.
The low reward sites/exchanges are not worth the risk. I rather lose money on inflation then risk too much.
In the business of crypto investment everything involved is risk associated, keeping your asset without wanting to lend out is a risk, and same also applies to the decision of having to lend out.
Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
IN last few years - after the Corona - I have learnt the importance of money. Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
I was rather very quick in giving away my money and rather than making some investments. But now I have a little crypto - I don't want to lend it to anyone. No not at all.
In the business of crypto investment everything involved is risk associated, keeping your asset without wanting to lend out is a risk, and same also applies to the decision of having to lend out.
Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
Anyways, just be careful on how you proceed in lending and the source your to lend to. More importantly, you can try to create certain strategies as measures to ensure your asset lend out is securely paid back with the agreed interest at the end. Cause there are cases where lending becomes a problem to the lender as the borrower end up not being able to pay or not wanting to pay.
You can use this link to check out others business experience and strategies in the business of lending
https://bitcointalk.org/index.php?board=65.0
Some people have been into this business for so long you can fine them in the service section making deal, this forum support such move but not in all cases. The thing is when giving out loan make sure it agreement contain all the details needed for smooth transactions and interest patients.
I am not sure - but I like to play safe. I would rather lose money by myself. Rather than lending the crypto.
If I calucualte I have lending so much money to people in real life and never ever I have got them back - so I think - No I would not lend my money!
Some people have been into this business for so long you can fine them in the service section making deal, this forum support such move but not in all cases. The thing is when giving out loan make sure it agreement contain all the details needed for smooth transactions and interest patients.
Frankly, I take this with the utmost caution. I try to borrow not often, because for me this is not the best sign.
We are talking about lending cryptocurrencies and not borrowing them.
Anyways I believe that both lending and borrowing cryptocurrencies is not a good thing. Lending crypto is not a wise thing however if you are in need of urgent money, you may borrow crypto but it is indeed risky as if the crypto price went up, you will need to re-pay more.
Are you sure everyone will be faithfu? Your idea so good but the major problem is very difficult to find trustworthy people.I think It will become a lot of ricks.But it's all depend People's mentality.If that happened then everyone would benefit.I have noticed many such sites but i can't trust.But I will invest if I find a reliable site.
However, investing in crypto with loan is foolish because if there is a loss then you will suffer to repay the loan later.
what if it turns out that you make a profit and not a loss then making a loan to invest in crypto is your big luck. currently there are still many DEX/SWAP platforms that pay well, I will give you an example, if you borrow money to buy $CAKE then you can put it in pancakeswap and get a reward with a large APR, currently the price of $CAKE is low so buy it and investing in it is a wise thing.
Absolutely not, especially at the current situation, where you have no means of suing people if they do not hold the end of their bargain. I keep all my coins in the DEX wallet. I do not trust CEXes.
Honestly, I prefer not to give my money to anyone. Trust in people is often quite low.
It's your own choice because your money is how you spend and where you spend it and whether you lend it to someone or not. However, if you want to take a loan from any institution in your own country you have to follow the rules and if anyone gives loan from this forum then he will also follow some rules. However, investing in crypto with loan is foolish because if there is a loss then you will suffer to repay the loan later.
Wow! So much to learn everyday about crypto.
Frankly, I take this with the utmost caution. I try to borrow not often, because for me this is not the best sign.
Yes, it means I lose because I pay interest, but I did not have to let go of my BTC/NFT. And I still got the car.
I would go with it and find it much better than selling off the btc and buy a car. Yes there is going to be bit lose since we pay interest but much safer with btc. I am not sure if I can share this as it would become a spam. I was discussing with my wife that will buy a car on a loan. She suggested that, we can pledge the gold we have and buy the car. Interest to the gold every month will be smaller than interest upon a car loan. It was really a good idea and we decided to go with it. I could match this situation with your above suggestion.
Like I was saying above,,, most of the people commenting had zero idea of how these lending services work, as referenced by OP. And probably no idea of how collateral worked in these crypto lending platforms.
It is always about calculating risk when it comes to this type of financial situation. I totally agree if presented with 2 things as you were: higher interest rate, for something that loses value immediately, versus lower interest rate, for something that gains value long term. That is like an obvious answer
Car loans are REALLY expensive if you think about number of years and final price.
Well you guys obviously do not really pay attention as almost the overwhelming majority of people who are borrowing money from these platforms are putting collateral of crypto or even NFTs as that is popular now.
Depends on the lending platform because some platforms can accept a wide range of collateral. This forum can be one example, because there are lender here that will accept a forum account and they can also accept any other things as long as it has a value.Cryptos and NFT values are volatile. Fiats and alike are stable but I think fiats can get devalued overtime? There is no safe collateral but every collateral has their own risks. Is there even a lending platform where you cant be able to see the loaner's collateral? So, they will just say that this is their collateral but you cannot verify it if they really own it? That practice was too unsafe, why would someone use that?
Yes,,, but we are obviously discussing these platforms where you lend and earn interest. And that interest is based on repayments from borrowers, who have to put up collateral, which is always in crypto.
On this forum, you borrow, you do not lend.
Exactly.
I've tried to look into borrowing before with a platform and guess what? They're even asking more than the amount that I am about to borrow as collateral.
There's no sense to borrow if that's going to be the collateral they'll be asking you. It's better to just sell that stuff collateral you have and avoid the debt.
I've tried to look into borrowing before with a platform and guess what? They're even asking more than the amount that I am about to borrow as collateral.
There's no sense to borrow if that's going to be the collateral they'll be asking you. It's better to just sell that stuff collateral you have and avoid the debt.
Like I was saying, most of the guys commenting do not even know what they are talking about. Just spamming.
I agree with you in principle,,, but I do understand why some people would want to do this.
For example, if I have 1 BTC, I do not want to sell it. Or NFT. But I would like to buy something big that I am willing to pay instalments for. Like a car.
So I can put BTC or NFT as collateral and borrow 90% of the value, and pay interest until I paid it all back.
Yes, it means I lose because I pay interest, but I did not have to let go of my BTC/NFT. And I still got the car.
I would go with it and find it much better than selling off the btc and buy a car. Yes there is going to be bit lose since we pay interest but much safer with btc. I am not sure if I can share this as it would become a spam. I was discussing with my wife that will buy a car on a loan. She suggested that, we can pledge the gold we have and buy the car. Interest to the gold every month will be smaller than interest upon a car loan. It was really a good idea and we decided to go with it. I could match this situation with your above suggestion.
Exactly.
I've tried to look into borrowing before with a platform and guess what? They're even asking more than the amount that I am about to borrow as collateral.
There's no sense to borrow if that's going to be the collateral they'll be asking you. It's better to just sell that stuff collateral you have and avoid the debt.
I've tried to look into borrowing before with a platform and guess what? They're even asking more than the amount that I am about to borrow as collateral.
There's no sense to borrow if that's going to be the collateral they'll be asking you. It's better to just sell that stuff collateral you have and avoid the debt.
Like I was saying, most of the guys commenting do not even know what they are talking about. Just spamming.
I agree with you in principle,,, but I do understand why some people would want to do this.
For example, if I have 1 BTC, I do not want to sell it. Or NFT. But I would like to buy something big that I am willing to pay instalments for. Like a car.
So I can put BTC or NFT as collateral and borrow 90% of the value, and pay interest until I paid it all back.
Yes, it means I lose because I pay interest, but I did not have to let go of my BTC/NFT. And I still got the car.
If they have that option and they've agreed to their terms, it's them that has to go on with that obligation. But I don't really want the company to earn interest from me.
Maybe that's just the moral thought that I've got since I don't like the option and I'd just sell it if it's really needed and urgent.
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