Bitcoin Forum

Cryptocurrency lending is a rapidly evolving and endlessly intriguing arena in the field of distributed ledger technology. Here we give you an overview of the ecosystem, the fees and the key concepts.

https://selfkey.org/cryptocurrency-lending/


Have you ever heard of cryptocurrency lending? If you haven't yet, will you consider exploring/trying it? Why/why not?

The lending section of the forum is a perfect example of it. As long as you have a collateral, you have higher chance to be granted.

There are exchanges and other services too that allows this.

yes I have heard about lending cryptocurrency and I have also loans but only on this forum, maybe if https://selfkey.org/cryptocurrency-lending/ has a lower interest rate then I will try it ;D

I've actually not heard about the cryptocurrency lending thingy. Though, I know some cryptocurrency exchange has a platform that supports lending cryptocurrency to trade and interest is paid in return. I'm just wondering the type of collateral which would be needed to lend a cryptocurrency like bitcoin. We all know that the value is volatile and could increase stupendously within few hours.

I know that if there are so many lending site based cryptocurrency right now and i have ever heard them all but it looks like they must also compered with lending that runs by the exchange site.

The competition in this field becomes really strict

But this thread is about selfkey, right?

I believe that with the advent of cryptocurrency lending, the usefulness of these assets has increased significantly. As the crypto industry continues to grow, the environmental lending system will remain a central part of its success story.

The same with the lending section we have. There are individuals that's willing to borrow the amount that you need as long as you have passed their standard and you have the means to pay the loan or if not, you have collateral.

The type of collateral can be the digital goods that's very worthy and other altcoins that can be of good amount or more than the loanable amount. That's usual, just like the typical lenders that we have in real life but if they trust you, they are willing to lend you without having a collateral.

Yes, heard them before and I would agree that it is an intriguing area and possible that individuals are taking advantage of this kind of services. Even this community has a dedicated boards for it and members here have used it as well. And I guess there are no difference with fiat lending though, you borrow and you supposedly pay on time. And most crypto lending platforms offer at least 5%-8% interest rate per annum if I'm not mistaken. If I'm going to consider it? Of course, when I do need and I need it fast.

In this forum we have lending section and in my country board we have lending thread also and the lender use the crypto and that is very normal. But for the website that is good because they using crypto for lending the borrower a cryptocurrency and help also to promote the crypto and for sure in the next few months many people are going to use crypto  for the lending business.

Earlier I had a little confusion about the crypto lending which it seems has been resolved through your article. I must say it is a very detailed and informative article. Thanks for sharing.