Topic: Would you lend your cryptocurrencies? - page 9. (Read 3601 times)
Lending will be easy and safe if we have a trusted/reliable escrow but how do we get this quality in cryptocurrency that scam is everywhere, another important thing is your token accessible any time you want to retrieve. Staking and Defi is a reliable form of loaning your fund for interest and accessible any time. With all these opportunities I think consider the accesibility to my fund when the price pump
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Well, it's a hard decision to make but I guess if you are a really big baller, then taking the risk would be much more easier, but then making more is all about taking risks and this is just one of them.
I personally would lend if I have the fund, but then I would research very well on the platform i choose to lend with before going into it, and also do well not to put everything I have in one basket.
I personally would lend if I have the fund, but then I would research very well on the platform i choose to lend with before going into it, and also do well not to put everything I have in one basket.
I have never given lend any Crypto to anyone as I don't have that much of crypto in my hand. But now I have some funds in my hand I will like to give lend for a good interest. I know the Lending board and I have borrowed from their 2times.
This style is better than you allow the exchanges to use your funds and be in there for so long. With this P2p lending style, you have your own funds on your side and you can choose whomever you'll allow to borrow funds from you. You alone are the exchange for those people who are looking to borrow crypto. Huge or small funds, you have your variant of borrowers and it's all up to you in which bracket amount you are allowing them to borrow.I have never given lend any Crypto to anyone as I don't have that much of crypto in my hand. But now I have some funds in my hand I will like to give lend for a good interest. I know the Lending board and I have borrowed from their 2times.
This style is better than you allow the exchanges to use your funds and be in there for so long. With this P2p lending style, you have your own funds on your side and you can choose whomever you'll allow to borrow funds from you. You alone are the exchange for those people who are looking to borrow crypto. Huge or small funds, you have your variant of borrowers and it's all up to you in which bracket amount you are allowing them to borrow.
I have never given lend any Crypto to anyone as I don't have that much of crypto in my hand. But now I have some funds in my hand I will like to give lend for a good interest. I know the Lending board and I have borrowed from their 2times.
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 think there are several well established platforms nowadays that can be trusted. Some that come to mind are Aave and Compound.
They might not have the best % p.a. but it's better than just having the crypto sit there and do nothing (unless of course you're staking)
keep my coins for myself and do able to get those gains in a year time rather than waiting up for a year and worry that you had something which is left on others hands.
Im not really that confident.
Personally, I am not the big fan of lending and avoid it unless if my close friends require it for some purpose then only, I give them because those are trusted guys. But yes, here on forum if someone is highly trusted and has good standing on the forum then one can think to lend it else better to stay invested in coins.
People do love to lend out their coins and make it grow but of course when it comes to risk then its always accompanied with it.
Its up to person if he can handle it or not.
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 think there are several well established platforms nowadays that can be trusted. Some that come to mind are Aave and Compound.
They might not have the best % p.a. but it's better than just having the crypto sit there and do nothing (unless of course you're staking)
Never.. Lending is risky and if you cant take that risk, you shouldnt do lending at all
Personally, I am not the big fan of lending and avoid it unless if my close friends require it for some purpose then only, I give them because those are trusted guys. But yes, here on forum if someone is highly trusted and has good standing on the forum then one can think to lend it else better to stay invested in coins.
Every Cryptocurrency is risky but it gives high profit too. Until this time I never had lended my crypto but rather I have invested on some smart contract project. If you want to lend your crypto then you have to bear risk as well. But From my friends I have heard that "Blockfi" is a good site for investement and they never had loss. So I prefer investment on Block fi is good
If you are lending to the known ones than that is fine as chances of you getting scammed is far less than sending to unknow ones. Also, here on forum if you know or a member who has positive trust or may be higher rank then you can trust him and lend the coins. Else does not worth the risk as against the reward.
Even on the forum, you should only trust someone with limited amount of money. If you want send/receive big amount of money you should insist on escrow even from the most high ranked members of the forum. If anyone is new, they can visit lending section of the forum and see how people lend cryto currencies with proper escrow or valid collateral.
To a large extent, it depends on you. If you are a trader and your likelihood to trade comes up often, then I don't see a reason why you should lend your cryptocurrency. That's because, having the need and actually withdrawing your funds before agreed period always makes you loose your esteemed profit as you've broken terms and conditions.
Also, if you most lend, you've got to be extremely sure it's the right platform as what is sent might not be returned.
Also, if you most lend, you've got to be extremely sure it's the right platform as what is sent might not be returned.
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?
instead of lending in those companies why not Use this forum to Make your Own lending service?8.5 interest per Anum is too small and just like almost banks.In lending service as long as you are familiar in exchange and be very particular in Currencies that they will be using as collateral and be aware also of many scammers,remember that Even those trusted accounts are sometimes making their out just to scam and it happens recently.
so try to visit those lenders thread first and learn from then before creating your own.
It depends on preference since on companies we can assure to get a return on our money even if the percentage per annum is so small, but if the person can take a risk and knows how to do this carefully in this forum then why not? the profits we can possibly get by doing lending business here is quite decent but also the risk is so high and we need to take an extra precaution or always ask for collateral on borrower for security.
For typical banking institutions then i might consider but for those companies here on crypto space that do offer that per annum interest on your money then i cant really just have the guts
on entrusting them my funds just for me to earn a small percentage yet you can actually or possibly earn even more with just simply holding.Any investment do involve risk and if
someone cant really handle that then its better for them to skip out yet they might not able to accept in the time they would lost up their money.Its up to someone though
but not all would really have that risk management.
Never.. Lending is risky and if you cant take that risk, you shouldnt do lending at all
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?
instead of lending in those companies why not Use this forum to Make your Own lending service?8.5 interest per Anum is too small and just like almost banks.In lending service as long as you are familiar in exchange and be very particular in Currencies that they will be using as collateral and be aware also of many scammers,remember that Even those trusted accounts are sometimes making their out just to scam and it happens recently.
so try to visit those lenders thread first and learn from then before creating your own.
It depends on preference since on companies we can assure to get a return on our money even if the percentage per annum is so small, but if the person can take a risk and knows how to do this carefully in this forum then why not? the profits we can possibly get by doing lending business here is quite decent but also the risk is so high and we need to take an extra precaution or always ask for collateral on borrower for security.
Every Cryptocurrency is risky but it gives high profit too. Until this time I never had lended my crypto but rather I have invested on some smart contract project. If you want to lend your crypto then you have to bear risk as well. But From my friends I have heard that "Blockfi" is a good site for investement and they never had loss. So I prefer investment on Block fi is good
Both parties I guess in risk if you are in a business of crypto lending. The only thing solution is to provide collateral with high potential value more than what you have borrowed. If you have plan a business like this don't think to cash out ever, because when there is bull run or downtrend of course that price will matter on that movement.If you are long term holder of crypto, lending business is good for you. But first, make sure the borrowers should have this collateral for your won safety.
I never tried Blockfi, I only heard them.
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?
instead of lending in those companies why not Use this forum to Make your Own lending service?8.5 interest per Anum is too small and just like almost banks.In lending service as long as you are familiar in exchange and be very particular in Currencies that they will be using as collateral and be aware also of many scammers,remember that Even those trusted accounts are sometimes making their out just to scam and it happens recently.
so try to visit those lenders thread first and learn from then before creating your own.
Every Cryptocurrency is risky but it gives high profit too. Until this time I never had lended my crypto but rather I have invested on some smart contract project. If you want to lend your crypto then you have to bear risk as well. But From my friends I have heard that "Blockfi" is a good site for investement and they never had loss. So I prefer investment on Block fi is good
If you are lending to the known ones than that is fine as chances of you getting scammed is far less than sending to unknow ones. Also, here on forum if you know or a member who has positive trust or may be higher rank then you can trust him and lend the coins. Else does not worth the risk as against the reward.
Every Cryptocurrency is risky but it gives high profit too. Until this time I never had lended my crypto but rather I have invested on some smart contract project. If you want to lend your crypto then you have to bear risk as well. But From my friends I have heard that "Blockfi" is a good site for investement and they never had loss. So I prefer investment on Block fi is good
Questions:
would you 100% trust them?
NO!.
Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
This is a classic question of, that is, you just have to add the exclamation points.
I do even have questions in mind on how the hell those people do consider on putting or trusting up their funds to be into those third parties or companies that do offer annual growth interest rate with their crypto
which they havent realized that they can be possibly be gained up by just holding your own coin into your own wallet?
I dont know on whats up to their minds but to think up the volatility basic aspects then you can possibly earn more on the amount that you do expect on using up those services or platforms.
Its just really that nonsense for them to consider.
You should keep your money with yourself and do not trust anyone online for investment. 90% of the people will not return your investments.
A big no specially if you dont know the person or the user.. Ill just stake it instead of lending
Lending is not an easy job and it is highly risky unless to whom you are giving is known to you or really well known on the community or has higher rank and chances of defaulting is very less as compared to lower rank members on this forum. Else better to invest in bank or on exchanges and get a safe low return.
Lending money is a big risk and even if you want to earn some interest by lending crypto currencies, you should ensure that you use escrow so no one is at a risk.
I don’t think that now the conditions are as good for borrowing
It depends on the negotiation between the lender and the borrower, If there's something good things especially a good hold on the lenders side for sure the borrower will get a good deal for that matters.
But if it doesn't have anything valuable to offer well we can say that this is totally dangerous since we might gonna put the money of the lender in bad deal.
I don’t think that now the conditions are as good for borrowing
It depends on the negotiation between the lender and the borrower, If there's something good things especially a good hold on the lenders side for sure the borrower will get a good deal for that matters.
But if it doesn't have anything valuable to offer well we can say that this is totally dangerous since we might gonna put the money of the lender in bad deal.
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