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Borrows (OP)
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July 06, 2014, 02:58:30 AM
 #1

Anyone know where the place apart btcjam btc borrow and bitcoinlending? thank you
hilariousandco
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July 06, 2014, 07:45:33 AM
 #2

You could ask over on the Lending subforum here but if you haven't got any collateral to offer you may as well not bother as nobody will lend you the money without it.

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notlist3d
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July 06, 2014, 07:47:21 AM
 #3

You could ask over on the Lending subforum here but if you haven't got any collateral to offer you may as well not bother as nobody will lend you the money without it.

Very true if you have alt coins or something your much more likely to get loan.  Being new will throw up red flags unless you have something backing your loan.
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July 06, 2014, 09:10:44 AM
 #4

Anyone know where the place apart btcjam btc borrow and bitcoinlending? thank you
You can try in the lending section of the forum, but this is going to be very difficult for you as a newbie asking for loan there. You will probably end up marked as scammer because you are newbie asking for collateral.  When asking please state clear that you have collateral and also that you are accepting escrow , this can help you find loan! Good luck
ngesotcoy
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July 06, 2014, 10:34:08 AM
 #5

if you have collateral,  you will be loan here.
https://bitcointalk.org/index.php?board=65.0

byt411
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July 06, 2014, 01:32:34 PM
 #6

As others have said, try the lending section of this forum. BTCJam and Bitlendingclub and all those are full of scammers.
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July 06, 2014, 01:58:33 PM
 #7

Anyone know where the place apart btcjam btc borrow and bitcoinlending? thank you

On the lending forum you can lend some with collateral
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July 06, 2014, 05:55:25 PM
 #8

As others mentioned, you may go to the lending section here. https://bitcointalk.org/index.php?board=65.0

But, please read the sticky thread https://bitcointalk.org/index.php?topic=577765.0 first before asking for loans.
It will not only save your time, and will probably save your bitcointalk account. Wink
braum
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July 06, 2014, 06:19:11 PM
 #9

There is no official site, to go get a btc loan outside this forum?
notlist3d
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July 06, 2014, 06:39:41 PM
 #10

There are multiple options.  But on this forum there is a board for loaning.  But again with being new you will need collateral.  Most likely alt coins or something will be wanted.
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July 06, 2014, 07:12:34 PM
 #11

What could be a serious collateral?
braum
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July 06, 2014, 07:31:22 PM
 #12

What could be a serious collateral?

I think it can be anything that party seems in value.

So maybe a ps4, or something that equals to how much your loaning. Its a way for them to sell it incase if you dont pay.
hilariousandco
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July 06, 2014, 08:00:50 PM
 #13

What could be a serious collateral?

It's usually always another alt coin, but other things can be used depending on what the lender agrees to.

What could be a serious collateral?

I think it can be anything that party seems in value.

So maybe a ps4, or something that equals to how much your loaning. Its a way for them to sell it incase if you dont pay.

Well, physical items can be used as collateral but they're not ideal or ever used here 99.9% of the time.

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█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
Salmon1989
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July 07, 2014, 04:32:56 AM
 #14

What could be a serious collateral?

I think it can be anything that party seems in value.

So maybe a ps4, or something that equals to how much your loaning. Its a way for them to sell it incase if you dont pay.

Physical items are not a good collateral for 2 reasons.
1. You need to actually ship the item to the lender or escrow, which will cost time and money. When you repay the loan, the item will need to shipped back to you, and the fee is probably on you again.
2. It is not easy for the lender or escrow to sell an used item like iPhone or ps4 (at least not as easy as some LTC), when the borrower can't pay back.

So, lenders usually prefer major altcoins as collateral.


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July 07, 2014, 05:00:27 AM
 #15

1- Don't try to request loans without collateral, because the user Vod probably will neg rep you and you'll end up crying in the meta section(he likes to neg rep newbie requesting loans without collateral).


2 - Collateral can be anything that can be easily sold. Usually is alt cryptos, but can be other digital goods.

3 - Collateral value probably will be higher than your loan, I think 130% is a good guess
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