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Title: Chances of a payment default Post by: toygg on March 11, 2017, 11:14:50 AM Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others. I have around 0.007 btc earned from faucets,etc.
Title: Re: Chances of a payment default Post by: Lauda on March 11, 2017, 11:30:23 AM Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others. There is always a risk of default, that's why you only give out loans when the user can provide adequate collateral.I have around $0.007 btc earned from faucets,etc. Are you talking about $0.007 or 0.007 BTC? If the case is with the former, then this amount is economically unspendable due to fees. Even if it is the latter, lending out ~8$ won't get you far. |