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Title: Looking for advice to start lending coins via BTCtalk Post by: lenkug on October 30, 2013, 05:36:07 AM Hey guys,
I've been a long time browser of the site and just recently joined. I'd like to start investing my BTCs via short term lending. Please share your tips for the safest way to do this and not get scammed :) Thanks!! Title: Re: Looking for advice to start lending coins via BTCtalk Post by: SaltySpitoon on October 30, 2013, 05:41:14 AM Collateral is the only protection you can get, and sometimes even that isn't good enough. NEVER accept ID or personal info as collateral. You want something you can sell for BTC right after they default. Always think of a loan as a sale, if you wouldn't buy their collateral from them, don't take it as collateral.
Title: Re: Looking for advice to start lending coins via BTCtalk Post by: bitcoindigi on October 30, 2013, 05:44:58 AM it's not worth the risk imo. chances are high that you still lose coins if you have to sell the collateral.
Title: Re: Looking for advice to start lending coins via BTCtalk Post by: Golph on October 30, 2013, 06:31:44 AM Hey guys, I've been a long time browser of the site and just recently joined. I'd like to start investing my BTCs via short term lending. Please share your tips for the safest way to do this and not get scammed :) Thanks!! You can invest your BTC in securities or some gambling site (not gamble) which is much better then lending. |