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Title: What is a good collateral here? Post by: antipoff on March 28, 2018, 01:37:09 PM Hey folks!
For example i want to lend some money here. What shall i provide as a good collateral? How it's used to work here? What is the best practice? Title: Re: What is a good collateral here? Post by: antipoff on March 28, 2018, 03:10:53 PM Found this. Topic is closed ;|
What is considered collateral? Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan. - The best collateral is another crypto-currency, such as Ethereum (also written as ETH). Coins must be moderately traded on multiple exchanges. - Some digital wares such as domain names can be considered as long as the user cannot recover it. - Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc. - Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com |