Bitcoin Forum

Don't know where to post this message.
Does neteller can be a collateral?

neteller account or just funds? i think both is not a valid collateral but maybe there is someone willing to accept it as collateral

i dont know about neteller funds; if funds trnasfered by it are reversible im going to assume no. I havent seen neteller accounts for sale on this forum so I dont know what to say about accounts.

Not accounts, I mean neteller funds. The funds came from a poker site. I win in the freeroll.

if thats the case then my answer is still no. you can do scam if you use it as collateral. why?

lets say you ask for $30 worth of BTCwhich is .1BTC with $34 neteller as collateral, if BTC price spikes and goes to $350/bitcoin then you wouldn't payback the loan but if bitcoin price goes down to $250 then you will pay it back. in this case, the lender will surely loss some coins and you will surely profit from this

why not just use the neteller funds to buy some bitcoin in the currency exchange section?

I only need 0.03 btc lol, and its only 3 days max. I tried trading, but no one is willing to exchange bitcoins . The loan I want is for the time being I'm verifying my neteller account. Once verified I can withdraw the funds directly to the bank.

Go to some exchange currency forum. You can find some members doing neteller to BTC.

The problem is that it is reversible, much like Paypal.
Most major currency traders will offer to provide it, but not accept it.

If you have any other alt, try putting that up as collateral. Alternatively, since the amount is rather small, try looking for no-collateral lenders. It's unlikely that they will come to you, look around for them. It's rather likely that you'll not find anything in the next three days, so it's more than likely that you'll have to resort to simply waiting for your other funds to come through.

You can buy neteller $ with bitcoins on their site, The vig would need to be very high to risk blow back.