Bitcoin Forum

I would like to know if there are people who borrow Bitcoin, or want to borrow Bitcoin for trade?

I've been looking for a place to start this - I'd like to generate some trust as escrow, and/or start buying/selling BTC in order to gain some trust around here!

I give loans if you have collateral.

I'm new to the whole lending and loaning thing (only because I've never needed to do either).  What sort of stuff qualifies as collateral?  I know accounts can be used, but are they just valued first at that price estimator?  What have you held as collateral before, and for what amount(s) of BTC?

Thanks in advance for the help :)

of course so many people loan bitcoin,you can check it on lending section,and i think loan bitcoin for trading is good if you pro trader and can make profit in every trade,but if you still learn and newbie in trading,don try it,or you will have trouble to pay your loan.

and what are your interest on that loan? how much someone need to give you back as a % in addition to the loan itself?

of course many who borrow bitcoin, you can look at the lending section. even poloniex trading sites, they provide loans for trade.

For me loans for trading is dangerous, it will make emotion out of control and become lost on trading.

You're not trusted at present sono one on their right mind is going to use you as an escrow.  Maybe when you're a hero member with green trust from trades and so forth. 

Also, does no one here do any reading before asking about stuff like collateral?   It's all been discussed before and there are stickies in the lending section.

Trading itself is one hell of a gamble. Borrowing off someone else to do it? That takes things to a whole new level of insanity.

Agreed. In investments what they say is, invest only that which you can afford to lose. It's not wise to loan for something which you intend to use for gambling, moreso if you have no previous experience of gambling and using loaned money to fund it. That's gonna cause a lot of headaches down the road.

If you lost in trading how are you going to repay the money you borrowed for trading? That's a big risk for the lender but if there will be a collateral at least the lender will have something to liquidate when borrower can pay anymore. Anything that will happen in the future like salary in the next few days, payment for a service in the next few days are not considered as a guarantee and connot be used as a collateral.

I don't like the Idea honestly. loan for trading may jam your work. for example if you get a loan of 0.2BTC for altcoin trading. and you buy etherium for that money.. there is also chance of losing but I just avoid that here. so if we sell these etherium for 0.22 btc. our profit will be 0.02btc. and we have to repay 0.022(with interest). so basically loan for trading will give you nothing.
just gain some money from some where to invest in trading.

Dont expect anyone to loan you this deal, unless the lender see a reputation you built overtime or something.

But a indiviual loan is hard as it is, if you dont have some collateral to work with.. you should just ask for a friend in real life or something.

That's what I mean, just because I'm a hero member doesn't make me appear any more trustworthy & it's not like I'll get green trust if I never make any successful trades due to lack thereof.  This is like trying to land an entry-level job, where every job requires ten years of experience in the field.  How are you going to get experience when everyone's asking for it already :\

yeah, of course there are many people interested in giving loans and taking loans to do all sorts of things and one of them is trading. you can do that in the lending section of the forum (lend or borrow) as long as you can provide a valid collateral.
also there are some exchangers like bitfinex and poloniex that has the loan section.

Why don't you lend on Poloniex? Many of the margin traders borrow to do their trades. On the other side are people lending. It is quite a safe platform, so it is probably easier to do it there than negotiating individually with people who want to borrow.

I see more statements that people borrow money to trade. Is there anyone who actually did it? And he succeeded to repay as planned?

What was the amount, time, collateral?

Perhaps you should consider one of the exchanges offering the margin trading ?
In effect, trading on margin is borrowing bitcoins or fiat (depending on whether you buy or sell) from other people.

The exchanges are handling the borrowing and collateral process.

There are a few exchanges with margin trading, including bitmarket.net  :)

What about lenders - is there option to invest on your exchange? If so, what are the rates?
To be honest, lending via exchange brings risk of third part.. ;)

Yes, you can lend bitcoins to other traders through Bitmarket.net.
It is called swaps: https://www.bitmarket.net/swap.php?currency=BTC

The rate is determined by the market - the supply and demand for loans at any given time.

Thanks for all info.

Suppy and demand market is very fair. Definitely i will look into more closely.

I think there are some there that is using loans to start up on trading and other stuff.Because maybe they have nothing to start with thats why they get loans to startup on trading.Well for me thats a good decision for them as long as the coin that they will be trading in will not drop and earn atleast 40% of their loan and pay the loan for the interest to be not too big.Thats a good decision for traders who want to start up but have nothing as long as they will pay

What deal are you talking about?
Did you even read any of the posts in this thread?

OP is not looking to take a loan, he actually wants to start loaning coins himself.

@OP, If you want to start lending then simply create another thread advertising your business,  check out some of the other lenders threads to get an idea of how it's done here.

Loan for trading purposes would be better to start with using the local currency and buying bitcoin which is far more better or if you have something over the net that is of great value and can be used to probably to make loans it would be possible.  But most of such loans need proper formal documenting to support both claims in the near future if ever it would be needed.  Loan amount depends on the assessment of the collateral's value 

I think borrow to trading is very risky because we do not know the market movement will come. Because if we want the price is not reached even our loss then we will find it hard to return the money. And keep in mind, trade with money that could be lost're ready. thank you

i think its not good to take load for trading. i have never seen a person who is ready to give load for trading. and if there is such kind of person who will certainly claim a huge interest on it.

I am just a little confused the "d" key and the "n" key are not next to the other.  So I think that is really "load", Is there something that I had missed out?  so how it is gonna be not good?  

many . many people are in need of it. if you intend to look for then you will get a hefty fee. use escrow to ensure your transactions.

Thanks for understanding and advice ;)

I'm still not ready to start with lending service (because of time and other project)

I open this thread to discuss about credit needs, to get some more informations about potential clients and so on.. and of course i'm watching lending sections very carefully ;)

Have you checked out any of the bitcoin lending sites, like btcjam and loanbase?  You can be a lender or a borrower.

Lending can be tricky no matter where you do it, because there are so many scammers and people who don't know how to manage their money properly.

what will escrow do in lending load. it is not an exchange. it is a one sided transection. i think escrow will not ready for such kind of exchange. its too risky.

Personally I'd rather take out loans for personal uses like buying something or to fill in for some BTC needed in a purchase.

Keep in mind that if people want to take out a loan for trading, they can easily do so through margin trading, or through loans on poloniex and other major altcoin exchanges. Them asking you means they probably haven't got valid collateral. Always beware of that.