Bitcoin Forum

I want to increase my holdings in a few alts, but what I don't want to do is wait for Coinbase. Placed my order tonight, and since I have a basic account (CB doesn't accept debit) it will take 4 business days.

I have the BTC equivalent in Blackcoin and NRS that I would be willing to use as collateral to a trusted and reputable member. I would prefer that you send first, this is my first trade here on the forum. Thanks for your time!

You might want to look for escrow. No one will "TRADE FIRST" it must be at the same time.. Escrow.

I am currently supplying 2 loans... So if I finishes I might loan you :)

But I can offer my escrow services for this - I charge a 1% fee for this.  If you are interested, feel free to PM me and I can possibly hold onto the collateral. :)

What kind of interest rate would you be offering for this loan? And what terms should the loan period extend beyond agreed (ie additional fees)? I would probably be willing to do this if you can provide these details.

Hi, I can offer you 0.14 BTC for a small 1% daily interest. 120% collateral required.
I'll happily accept escrow if you pay fees, otherwise you send collateral first  ;)

That is reverse logic or something?

Given other people have + trust, you should send first to them...

I could provide a 0.14 BTC loan for one week 0.16 BTC to be returned, you send 115% collateral first...

Thanks for the replies, and I apologize for being wet behind the ears when it comes to this. Ill do my homework before posting here again.

With that being said, I'm still interested in a loan with the following conditions

*3% Total interest on loan
*1000 BC Collateral (2X BTC Value being loaned.)
*Escrow - monbox has offered his services for 1%

My coinbase transaction clears on Monday, if payment isn't made by the end of the week you keep collateral. Unless I keel over dead, you'll get your BTC back on Monday. Let me know if there are any takers, if you want to speak with me directly shoot me a PM and ill give you my phone number so we can talk in person. Thanks again everyone for your time!

3% weekly is not enough for my taste.

If you raise to 5% you get me.  :)

That's as high as im going to go period. Truth of the matter is I don't really need to do this, but I would like the BTC earlier so im willing to pay a little more. On top of that, I want to grow a trust relationship with the community because im in this for the long haul and I would like to make a name for myself here. As you, and everyone else here knows; everybody has to start somewhere!

If you, or anyone else here decides to take this loan, I will send a $5 Amazon gift card / code upon successful completion of the transaction just for taking a chance on me.

Unless lender has stellar Trust and records of trades, use a third party to hold any escrow.

I'd do it if it weren't for the escrow situation. I'm a bit wary of bringing in third parties myself (nothing personal, monbux).

I'll loan you the BTC @ 5% weekly interest and the $5 Amazon gift card, also looking to build some trust. Will you send the collateral to me first?

Well you are right, everyone has to start somewhere.
I'll lend you the coins. If you wish to use moonbux then send the collateral to him (I require 120%) or to directly me if you wish to avoid the 1% fee.

Thanks, I appreciate it! I have contacted monbux to setup escrow. As soon as I hear back I will let you know.

monbux contacted me and I have sent him the 1000BC collateral. Killerloop check your PM for additional information.

The 1000 BC has been received, address: BMchssTZJa55qQ8WQEAoijgwLoMFC2hXj1

The escrow fees for this collateral holding will be: 0.0027 BTC/week.  It will be paid by lender, borrower, or both before the collateral is sent back.

Thanks! Killerloop, you are free to send the BTC to address sgi02 provided you.

Duly noted. Your fee will be paid by him.
I am currently not at home so I cannot access my wallet. 0.14 BTC will be sent in roughly 4 hours to the address the borrower specified by PM. I will privately provide TXID to escrow and borrower.

In a week from transaction date I'll expect 0.1442 BTC (0.14*1.03) back.

BTC was successfully received. When you have a moment shoot me a PM with your BTC address so I can have it on hand. Thanks again Killerloop.

Killerloop, your BTC has been sent! Check your PM, I will be sending the $5 Amazon gift card code shortly.

TXID - 14aa79571100ede81c618eded66570a7edf707dcbc913ca2cf4e4f59759dd715

sgi02 has requested escrow release, but I did not get any confirmation from Killerloop.  Killerloop, please confirm that you have received the funds as agreed.


Also, the 1% of the collateral (10 BC) will be kept, as sgi02 has agreed to, for the escrow fee.  Thanks!

Lender requested 0.1442 (Interest included) for loan. Repaid 0.14430853 on time as specified per loan agreement. In addition Amazon gift card code has been sent via PM.

https://blockchain.info/address/1N1uQdBj29EwxTt5CH4eijf9xeT6SSzsRX

monbux, thank you for your services! Once Killerloop has confirmed successful reimbursement please send funds in escrow to the BC address provided. 

That's enough proof :P  I'll just have to wait for Killerloop's public confirmation, for that extra layer of security.  Please also post in public the address you want the 990 BC to (not an exchange, as for I'm sending from an exchange as well, and I don't know if that's safe or not).

Will update once deal has been successfully concluded.  Thank you!

Ive learned the hard way that its never a bad thing to be too thorough. Thanks for following up, The Blackcoin address for which escrow funds are to be released is as follows...

BFx85Y6LeLGEG1MmFLk5Muov1PDVhEv7f4

...and confirmation comes!
 Sorry for the delay but I just woke up (8:00 AM) here and noticed some extra coins in my wallet.

Everything went smoothly and nice. I'll leave positive trust to you both  :)

The 990 BC have been sent to the speficied address.  It should show up in an hour or two.  I will post the transaction ID once it has confirmed.
Thank you, to both parties for a successful loan (with collateral)!

Cheers!

BC was successfully received. This has turned out to be a great experience, I really appreciate everyone's help! Killerloop, monbux I will leave positive trust for you both later today and kindly ask that you do the same for me. Thanks again!

Confirmed.. trade has been successfully concluded, without a problem.  Don't hesitate to contact me in the future for your escrow needs.
Thank you, have a great evening!