Bitcoin Forum
May 25, 2024, 08:00:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Can I offer Lending with my current rank?  (Read 1392 times)
Stifler
Member
**
Offline Offline

Activity: 66
Merit: 10


View Profile
July 16, 2015, 06:59:44 PM
 #21

Yes,you can offer lending but you can't ask for loans without a valid collateral.

I think the tricky part for him will be getting or securing the collateral. You'll likely have to use an escrow for that as others likely wont trust you. I don't think there's much point in lending any way. The tips or interest are tiny and if you don't take collateral you'll get scammed.

Not to be confused with the user sifter Tongue.
subSTRATA
Legendary
*
Offline Offline

Activity: 1288
Merit: 1043


:^)


View Profile
July 16, 2015, 07:08:26 PM
 #22

Yes,you can offer lending but you can't ask for loans without a valid collateral.

I think the tricky part for him will be getting or securing the collateral. You'll likely have to use an escrow for that as others likely wont trust you. I don't think there's much point in lending any way. The tips or interest are tiny and if you don't take collateral you'll get scammed.

look at the bigger picture; most of these loans range in the 10% interest range for a week loan; thats a 520% apr. that rate is better than any investment you can find on wall street. sure the amounts loaned out here are small, but its a nice side source of small near-passive income.

theres nothing here. message me if you want to put something here.
tyz
Legendary
*
Offline Offline

Activity: 3360
Merit: 1531



View Profile
July 16, 2015, 07:32:22 PM
 #23

Just for interest. What are "valid" collaterals? I haven't taken any loan yet so I am really unexperienced in the lending area.

Yes,you can offer lending but you can't ask for loans without a valid collateral.
subSTRATA
Legendary
*
Offline Offline

Activity: 1288
Merit: 1043


:^)


View Profile
July 16, 2015, 07:39:06 PM
 #24

Just for interest. What are "valid" collaterals? I haven't taken any loan yet so I am really unexperienced in the lending area.

Yes,you can offer lending but you can't ask for loans without a valid collateral.

https://bitcointalk.org/index.php?topic=577765.0

just take a look over at the thread; usually forum accounts and the bigger altcoins are the best for collateral, but other things like domain names, physical coins, etc can be valid depending on the loaner.

theres nothing here. message me if you want to put something here.
vendetahome
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
July 16, 2015, 07:48:49 PM
 #25

arent you valid for lending at any levels of the forum account? you have to be higher level only if you want to borrow some amount of money
jacee (OP)
Legendary
*
Offline Offline

Activity: 1302
Merit: 1024


View Profile
July 16, 2015, 11:58:42 PM
 #26

arent you valid for lending at any levels of the forum account? you have to be higher level only if you want to borrow some amount of money

 I suugest you read the posts above you before commenting. I'm not trying to loan. I'm offering to lend. They said my rank doen't have anytging to do if I want tp lend my btc to people here in forum.
subSTRATA
Legendary
*
Offline Offline

Activity: 1288
Merit: 1043


:^)


View Profile
July 17, 2015, 12:01:08 AM
 #27

arent you valid for lending at any levels of the forum account? you have to be higher level only if you want to borrow some amount of money

 I suugest you read the posts above you before commenting. I'm not trying to loan. I'm offering to lend. They said my rank doen't have anytging to do if I want tp lend my btc to people here in forum.
dont worry about it, he's just signature spamming. honestly though, trying to lend gets frustrating at times, especially when 90% of your applicants are brand new accounts that always need 0.1 btc for private reasons and promise to repay with no collateral. especially right now, with manyproofs going out and making it rain money for scammers, better to wait a bit before starting your loaning thread.

theres nothing here. message me if you want to put something here.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!