Bitcoin Forum

What is your view about lending coin?
Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.

I just see profit from lending, where is that profit from?

Stay away from Bitconnect. A scam and a Ponzi scheme.

Lending coins to me look like somewhat a great concept but the problem is the execution. In practicality if you have transfered amount on someone's Private key there is no way you can get it out without his approval. So you can lend him but there is almost no collateral so no guarantee that you can get the lent money back.


I don't know if its scam or ponzi but its getting a lot of buzz because of it ticker BCC people are confusing it with bitcoin cash.

I have read some reviews that bitconnet is a ponzi scheme and a warning that one should stay away from every ponzi schemes especially if you don't know how it works. If you want to make money from lending your coins I think the right place is poloniex as this people has been in this business for long and a good track records.

I think Bitconnect is the pioneer in this concept but their promise of daily interest and almost 1 year of holding your collateral is very risky. You might be able to earn your capital back in two to three months since interest that Bitconnect promises can go as low as Zero and as high as 2%. Vitalik already warned investors about this kind of scheme.

That is what I heard too. Not exactly that, but I heard that beside other things, they manipulated the price with a dedicated exchange where more than 90% of the volume does come from. A crypto-curency really to avoid.

I am with this user right here is to risky and lending somtimes lead to none paying users who receiveds coins.

If I were you should never barrow and lend bitcoin or coins. Just for me you cant trust anyone but if your the one who wants to barrow be sure to pay it. Other have post what you need to read and know.

If You have enough coins the best idea is to invest (icos sell the coins for a better one). Lending is funny business hold your coins if you cant invest or else your just blindly investing

Bitconnect is a ponzi scam. You must stay away from it and these concepts probably took the idea first of BCC. I would not prefer to have some daily interest for profit taking if it is not realistic. Start to learn what trading is and focus with the most popular coins or if you dont want to, just buy and hold bitcoin.

Come on, Bitconnect is not a lending coin.

It's ponzi scheme :)) You'll be received more money every month if you can invite someone sign up and invest money under your refferal link. At the moment there are a lot of lending ICO in this forum :)). I will never joining any ICO like that cause I really really hate this kind of business.

Lending coin, money with a high interest rate is a sin for Muslims mate, participating in any program with same results, is a sin. I know that people

Around here have no religion, believe in only one God which is money. they are not stupid to fall for these new Ponzi schemes.

Wew, that is awkward for me  :-\ :-\ :-\ :-\

Lending? It's exactly ponzi scheme but they just want to call it with different way to make it seem more truthworthy. LOL. There are a lot of people join lending system like hextracoin, Bitconnect or Regalcoin. I think if you don't wanna lose your money you shouldn't invest your money in these kind of cryptocurrency or system :))

I think the lending model is legitimate, the need to watch out for is the continuity and coin guarantees lent to development, current lending models such as multi-level marketing that support the reff model, we lend our capital to development to be played for daily benefit / per month within a certain time, but what is the guarantee for us that the funds in lending that it safe, not afraid of being taken away / lost. but the choice is yours, is lending model is ponzi or scam? we can see and understand such models in this forum, have discussed many pro and cons about lending model .. the choice is yours !!!!

The profit comes from the percentage of the amount that the lender want, usually there is a deal before the lending happened. In my opinion lending coin is a decent business but the risk is quite big because sometimes people can't pay back his loan and your money turn it into his collateral.

I have no sympathy for lending and I do not care about it even though it is a trend now and many ico have followed this trend.

I know that to gain profit, lending coin like BCC decreasing their total supply. And they seem like HIYP.

I have no idea about these scam coin, just like bitcoin that the UK already stated as the bitconnect as the real ponzi scheme in this time. All of them were same. Just avoid to talk about these ponzi scheme.
Remember a lot of the ,manipulation in there.

Why did you included bitconnect.. i saw this always advertise in facebook and youtube.
and its not safe to invest.. what you mention they are not safe to invest if you really wanted to invest why not invest more in bitcoin or bitcoin cash or altcoin which is already in good rankings in coinmarketcap than you investing it in lending coins..

Most of those lending coins are scam. I haven't checked out all of them, but I do know that Bitconnect is a scam coin and I've heard others talking about Regalcoin being a scam too. Although they're pretty profitable until they run away with the money, it's not worth it to invest in them.

Just invest in legitimate coins and if you really want to, you can lend to others your money in Bitcointalk's own lending section: https://bitcointalk.org/index.php?board=65.0

In entering in that kind of investment whatsoever there are some important rules to consider. Invest only what you can afford to lose and get your capital back as quickly as possible. We know that online investments is very risky and not safe environment for everybody. In order to avoid huge losses we should be very vigilant and do research first before you engage in any particular investment.

I am an earning member of Bitconnect and let me clarify things from the viewpoint of someone who is an "insider' or part of the program. Bitconnect has essentially two programs: The lending program where you lend money to the organization and they use it the money for trading with the use of the volatility software (an automatic trading bot or an A.I. program). Now, this is actually the heart of the matter because some are questioning the existence of this software bot and some are concluding that it does not exist at all and the company is just actually a ponzi. The lending/trading part has no fixed earning rates and there are even days when it is zero. Anybody who want to debunked Bitconnect should be delving more on this software...prove that it does not exist and we can say that it is just another ponzi.

The second face of the program is the Bitconnectcoin or BCC as its ticker. Now, nobody can question that it is a legitimate cryptocurrency just like any other altcoins we already existing in CMC. The coin is a community-based cryptocurrency because what the people behind the program did was built first the community before they launched the coin. The two are helping each other or a sort of a synergy because all the funds from the lending part will be converted into BCC (and this partly pushed the value of the coin). This is already being copied by new 'lending' type of cryptocurrency.

One thing for sure nobody can guarantee that something can exist forever even with Bitcoin and if anybody is afraid to go into then the best thing to do is DON'T.

Any online transaction can be considered risky, some lend since theres a need for them to have a coin or they are in short fo the transaction they will be doing and they will risk some collateral, its fine if the people who will lend seems legit, better study it first before deciding to lend or to ask for someone who can lend us some.

its qbout how much do you want to lend and whos the one your dealing with?if
you can make a collateral so thats make you safe,but if theres none assurance is at risk,
for me personally i should choose to gamble my bitcoin than getting into lending.so better think 10 times before making a decision

That's such nonsense. Just because we can't prove that Ghosts don't exist, doesn't mean we should all just call them real beings. Ghosts do not exist. The Bitconnect lending program is obviously a scam, which any other experienced, intelligent Bitcointalker would agree on.

Sure, BCC as cryptocurrency is legitimate, but when everyone realises that the lending program was a scam, its price will drop... A LOT!

Therefore, BCC is a currency you shouldn't invest in. By calling it a scam, we are protecting others.

Its always profitable but I don't see any security involved into it. The big companies are there to secure you by acting as mediator but whats the proofs that we have here. You can possibly say that these companies are scam free and or they will not scam us in the future though they are paying right now. How they manage the stuff? Who takes the responsibility if something goes wrong, will they pay you back you funds which were lost during the transition.


I mean there are so many accusation for lending process and one day it could be so much that these companies will be tired of paying the accusation money and thus they Wille eventually shut down in the time to come. So better take your steps carefully. Just because you have money and you want to give it away fro interest then it doesn't mean you should choose this option. You can surely have different things to do.

Profitable but you need to choose who you are going to lend your coins to. Even trusted members of this community can fuck up at anytime and it's hard to get that money back. Always remember to ask for a collateral that really has some value and you can still make even a small profit out of those if the borrower haven't paid the borrowed money on time. It's all profit as long as you know how to handle your money.

Until somehow proved otherwise I will assume they're all ponzi schemes, the money comes from having more new sign ups than they need to pay out as well as relying on many people to reinvest.

You should be ashamed of yourself! A legendary and still posting irrelevant replies. Can you at least read the Original Post on which you're replying?

He's talking about LENDING COINS, like Bitconnect, Hextracoin, Regalcoin & Firstcoin. Not like "Lending coins to others". Can you please read?...

It's annoying to see these garbage replies of Newbies, but just shocking to see them from a legendary. Please improve yourself...

I believe bitcoin can have more good effect if it is used and accepted by many parties such as central bank or government.
If the government itself has received the presence of bitcoin and adopted its technology to be implemented into renewable system in banks, the regional economy will be more advanced, transparent and good.

Still, lending coins system are risky business. Many people has been talking Bitconnect are start doing scamming with ponzi scheme.
Even you say poloniex are good one for now, there remains the possibility of becoming a ponzi scam later.

Lending coins are just meant for other users to access while the first owner is paid some percentage daily. Anyway, I'm really careful about this kind of business & I think is better to lend with sites that are known like polonix rather than mere coins

The question is, will you make more or less from this, than another venture?

I have who was told to invested on bitconnect lending by his friend. He wanted to try that and put a 30$ worth of  bitcoin to his bitconnect account but unknowingly the minimum amount for lending was 100$. He tried to withdraw the money but it should be more than .005btc for him to withdraw the amount plus transaction fees. My friend was so pissed that he couldn't get back his money back. I don't know if he knew about the minimum withdrawal amount. . Lending is good but you should stay away from this type on scheme.

I would like to draw your attention to yet another new token KCP credit to KingCash, they promise a profit of 30-45% per month, and also create a trading exchange for free exchange of the token for other cryptocurrencies.

I don't know if it safe or not. But I never tried lending bitcoin so I really don't know what would be the consequences if you lend some of your bitcoin. I don't want to lend my bitcoin because I'm afraid I will gonna lose it without receiving any returns.

Scam, ponzi, bs whatever name you want they are all that. You make money by sucking in the next person which is a shitty way to do business if you ask me. There are proper lending platforms out there use those instead. The real ones include SALT & ETHlend. Those are the only two I know but they are actually legit it isn't some bs ponzi

All those people blatantly promoting these lending ponzi schemes on Reddit and Youtube. I can not understand how they can live with themself. I mean to be the reason for another person loosing their money.

Lending is not a bad idea and if that was the only thing bitconnect was centered on, it would have been good.
But if you read more about the coin, you will understand why a whole lot of people call it Ponzi. That is one huge amount of percentage to be giving out and that is what is going to cause the issue for this coin in the long run.

Every Ponzi starts well, but a time comes when it won't just be able to sustain itself anymore and that is where the problem starts.

Ya, there are a whole lot of them. I must confess that I really dont know where or how the daily interest from these coins come. But I like the idea that these interests do come. Here is a site list of the lending coins: https://icoreview.site

Well, scam or no scam I withdraw my interest every month from bitconnect and this has been helpful. I truly don't think lending coins are for the purposes of scamming. But then shit does happen.

As others are depicting the picture here I'm also with them that the lending is not good way to make money. To be honest the lending process is really work of the real world but not the virtual one. Even in the virtual world we can see that how the money is looted with no evidence left behind and all the interest is taken aways before it could be paid off. Then how can we trust the lending process over the internet where you can't even see to whom your money is going and form where the interest rate is accounted for. I mean the website itself could be a biggest a fraud or the person behind the algorithm might be the one. You will never know where the money went of in case of scam sites and you can't even make any accusation over there if the whole system is corrupted. The main aim of my advice here is that it is completely risky business but you can always try it out and share the reviews here really. Its upto your risk. :-)

Lending business is always risky in fiat world also but their is full detail about the person whom you are going to lend and you can see that whether he is worthy or not. But in online world you can not confirm the reality of the borrower and for that you should get some security. But in security also you have to make clear that it should be worthy to hold it.

It will work for some sites and it will not work some other. The thing is lending is difficult task and there are so many risks in ol we into it. You have to show up your docs over there so you loose the anonymity over there and then you also have fear of loosing the money even after doing so much verification. Not the lending site but take example of localbitcoin, even with the many KYC verification and escrow services for the funds they always have cases of fraudster. So in what ways you think that lending could be easy stuff to manage.

And that is really what is making bitcoin even more interesting and really making a lot of users from the developing world and third world quickly want to be a part of it to improve their living standard.

The fact that bitcoin has really helped a lot of freelancers most especially, in getting paid easily has really been a good one for most people and that is causing some spread in most of these countries. Bitcoin is not where I am really looking forward for it to be in my country yet, but so far so good; it is not that bad either.

Loans, I do not see the profit from it but only the fraud, disappear and not refund money. Simply because collateral is not worth the loan amount or simply it is not real. So, I always stay away from the loan currency, it makes people become debt

In my point of view it's exactly ponzi scheme but it's different because it has own cryptocurrency to make people believe in the project like Bitconnect or Regalcoin. Although it's ponzi but I can say that it's better than ponzi website before cause people still can earn a lot of money from it for example with Bitconnect, invester will be received 40% interest every month and it has lived for more than 4 months so if you joined at the start you can earn a lot. Although it's an easy way to earn money, you no need to do anything but I think you should risk your money :D. Just try to find other way to invest your money in, maybe trading is a good option or just buy some Bitcoin and hold it for few years :D

At this stage, the adoption of bitcoin is not so huge and that is really what piques me knowing that a time will come when this adoption will increase hugely and then with the value of bitcoin being like this now, what it would be like when that time comes.

Adopting is not something that is easy, it takes time, and usually when it comes to technology, the geeks and those who are a bit I.T oriented are always the first to grab it and then we gradually start seeing some laggards at the end of it all.

Lending in any forms is risky yet grows well too. But I think in terms of bitcoin, better to invest it and let it grow on it's own. Trading could be also a good practice for you to try. But in terms of lending, this will just give you much problem to think in time. So to avoid unnecessary stress, better to think twice about the lending option.

It is just funny that investors take some sort of huge risk than the usual and no matter how you tell people they would not just get it. I really do not know how bitconnect is going to keep up in the long run. Although, I have heard so many times people saying, it is going to keep up with the value increase of the coin and the trade exchanges, but I really want to see how that ends.

i have account at bitconnect and they ban my account so that not recommended them


every one will say his story

It is your decision and choice anyway, but if you really love yourself, I will advise you to stay away from bitconnect most especially. I really do not know much about the other coins you have mentioned but everything about bitconnect is more or less a Ponzi, and if you have read about Ponzi, you should know by now that they do not last and you may end up being the last part of the chain that the coin would implode on.

And when you tell people that it is a Ponzi, they attack you like you know nothing about what you are saying and then when the whole thing happens, they go inside the corner room and start sobbing like a little kid that has been abandoned. What is the difference between this and a Ponzi. Huge referral bonus, percentage profit on your holding and so on and so forth. It may not be now, but definitely at one point, the implosion will be huge.

lending a coin is a good one but scammers are there and everywheere but i dont know how the process of it !

They are all risky. But if you to make profit just take the risk. And also review first. Good luck crypto lovers...

According to me lending is not a good decision not only in the case of bitcoin but also in real life decisions, lending always give a lot of problems and those people who lend are always in worried so to prevent these problems we need to invest or earn BTC through signature campaigns and after sometime when the price of BTC will increase then these earned BTC will make a lot of profit.

My government has been so interested in the blockchain technology for a while. I have been fortunate to have some friends in the bank and what I have been hearing is really appealing to the ears so far. However, asides that, the activities revolving around bitcoin in my country has really been a crazy one since the beginning of this year and Ii am sure it would keep increasing over time.

Its very risky to invest with lending coins, although their potentials are promising. The main problem here is, how will they execute it properly, without compromising both the lender and borrower. I don't really like the policy of Bitconnect where collaterals being hold for a year with a promise of gaining interest, it sounds really fishy. And, its no wonder why many people have trust issues with these lending coins, especially with what I have mentioned. Almost everyone know that this kind of scheme is similar to ponzi sites, where all investments are being hold for such a period until the site will be gone along with your money.

I still remember i invest my money with Bit connect. After getting conformation mail i was so excited but later i came to know its a scam sites. I feel so regret what i did i just invest without getting any info. So don't talk about Bit connect its a scam sites. About the rest i don't have any experience with them its better to stay away and don't trust any sites without getting their reviews.

loan in the world of crypto I think is quite strange and also I have not seen anyone doing the loan and I myself feel scared in doing the loan because the transaction in bitcoin is not always safe .

Lending coin I think is a good practice sometimes because you can help the one who is badly needed coins. It is good if you only trust the person.

All of these are fraudulent. I have long had no faith in the Ponzi model, especially the Bitconnect. In my country, there are many people cheated by believing in this model. Its essence is to take this person's bitcoin and lend to others to make a profit from it. It is easy to be misused for misuse by organizations. They will mobilize a lot of Bitcoin buyers and promise to make a profit from it. After they get more Bitcoin, they will lend to make money to pay for the ones they have taken Bitcoin.

The whole model is a scam and in time it will run dry and then suddenly they'll disappear with all of the funds, what's quite amazing is that even after many years of seeing the same thing with ponzi schemes, people still fall in to the same traps. I guess greed really is a deadly sin.

I haven't heard about lending coin until now. I am not sure if it's a scam or if it's genuine. But I would always advise investors to be very careful and invest money that you can afford to lose. It is risky to invest in something new, especially in new crypto coins.

ponzy scam, a big question  where they get the big profit to pay there investor.

Lending coin will be very tricky as when it comes for time for recollection it might be quite hard to do so, people would have to put their ssn and other equivalent so they can be traced just like they do with bank loans and student loans or other similar loans for easy recollection.

It is still too early to make a long-term bet on such coins, most of the proto moshenki, because the credit itself denotes trust and a refund, but who can guarantee this?

I invested something in ETHLEND and it's going pretty well. I don't see (at the moment) much value behind it but in the future they might become important

I generally take credit with great caution. Here you are offered interest, and for this you must transfer your coins to someone and lose complete control over them? This may well be a classic financial pyramid, only with the participation of the crypto currency. Where is the guarantee that if the volumes of the listed coins from any of these enterprises turn out to be very large, this enterprise will not cease to exist and will not run away with digital coins received from different people? After all, it will be very difficult for you to apply to protect your interests. After all, everything is anonymous and in the territory of different states and jurisdictions. In this case, you will be practically defenseless and scammers can count on this. Therefore, I do not recommend taking such risks, even regardless of the fact that these companies are still carrying out oral agreements and transferring you coins as interest. All this can be up to a certain time.

Lending a coin that has interest will be very profitable, which is why there are many users and even projects that are willing to lend coins. I just do not believe it can be done in an online world that even a lender also does not know the guarantee is genuine or not. By providing a valid guarantee I think it will be fine and profitable enough to do that business.

Scam. Total scam. Stay away. In a few months or so, they will just exit scam you. I've been in multiple lending programs and I learned the hard way. Stay away please.

I don't put my money in lending, most of them are ponzi and will run away when they have earned tons from their investors. Stay away as much as you could and you should rather buy alts that are already tested and proven to be legit. It's very unrealistic, where would they get the profit if some of them have no real products running, I would rather choose coins that related to mining that gives you dividends.

Lending a money might result to destruction. For me, as much as possible I will not lend to the borrower and better you just give that coins so that both of you may avoid fight if worse comes to worst. Anything that involves money it might result to negative outcome so let's try to avoid it.

Today, many currencies take the form of lending. This form is a potential and also a risk. Because you will probably lose and have no chance to find out the property or money when lending. I feel the trade is more exciting than the lending environment.

Lending coin has a good concept and purpose but it also gives risk to your capital for a scam. You don't know the assurance when can you get it back from the borrowers. So better to avoid from it.

Lending coins are scam and they are just a leveled up version of the ponzi scheme and just think about bitconnect which is a perfect example for a lending coin and even though a lot of people invested and trusted that coin, it is still turned into scam that resulted a lot of loss for the investors but they can't do anything but to just take and accept it because it is all their fault.

Bitconnect has previously introduced multi-level recommendations, which are similar to pyramid schemes!

It's the money that's being lent out, paid to old users, typical ponzi scheme!

in my opinion that lending is just a whole big scam that persuade aome people with big profit in such a nick of time. well, you could looked at the tragedy that just not long ago happened with bitconnect. im not expcting good money in a nick of a time like that.

Try not to go to Bitconnect loans, which will put you under very large loan pressure. My view is to go to cjia within the scope of its own financial risk.

Lending money is a business requiring some expertise. First of all I have never understood what kind of collateral those borrowers can provide. By the way, with such a volatility, are those collateral enough to cover the exposure?

How can you legally act against insolvent borrowers? Than there is the problem of scoring and underwriting, and these two are not exactly straight forward processes nor you can hope to do it on your own.

Third there is the question of interest rate. Never really understood how they are calculated. Risk premium, profit margin? All in all, I would stay far from this "business" as I think it's easier to lose than to gain

Is there anywhere I can read more about lending coin? Cheers!

Lending a coin to some friend or relative whom we know personally and have information about his living place, is pretty fine but giving away such a precious asset to someone whom we don’t know and can’t make any contact, my suggestion would be the same as yours. Better to stay away especially of the offer appears to be too delicious. The best is to work by one’s own and avoid such shortcuts.

Lending of cryptocurrency to who if I may ask?. The world of cryptocurrency is not one you want start lending out and expecting to paid other or same cryptocurrency interest rate, what if the cryptocurrency you lend dies,just like bitconnect .

We can make the profits we want using the money we borrow. It is important for us to make a lot of money. It is possible to achieve this by borrowing money. It is very important to believe and wait.

The profit came from the new investors. It is a ponzi scheme and soon they will shut it down like what happened to bitconnect. They don't have any working product and only relying on the investors money that comes in.

I agree with you. Ponzi schemes which turns into scam.

Just look at what happened to bitconnect. People in the forum are talking about its downfall 2 months before the closure order of the court.

And they did exit scam after 2 years of operating, and their currency turned into nothing. Too sad about the people who invested in it. 

Lending coins are somewhat complicated just like on any other coins that existed, they were considered as scams and a huge failure in the market. Lending coins needed some expertise and knowledge about it.

In the world of virtual money you have to work hard to earn money. You can borrow money and earn more at the end.

You have to spend a lot of time on the computer to earn the prize money. Your labor does not go to waste. You get your reward when the campaign is over.