Hello,
Thank you for taking the time to read this. I am looking to borrow .04 BTC with a payback period of 10 days or less. Upon payback, I will offer .06 BTC to cover short term interest. I can offer 1500 substratum in collateral, I know the current value doesn't quite equal the borrowed amount, but it used to be worth 4 times that much.
The reason I am looking to borrow is to pay some fees for a service for my business. I would just pay it myself, but I am currently above my purchase limit on Coinbase and the contractor wants to get paid asap.
If anyone could do this, that would be fantastic!
Thanks
If your collateral isnt 120% of what youre asking then its not valid collateral. Just because it "used to be worth 4 times that much" doesnt mean it worth what youre asking now. Thats like trying to get a title loan for a car full retail value while the car is totaled and pretty much worthless.
If youre having issues with limits with coinbase then use a different exchange or buy bitcoins (or whatever youre using) and pay whoever you claim youre paying.
