How to put fiat at collateral to take loan from forum members

[FALUN LEE]

How to put fiat at collateral to take (ethereum) loan from respected forum members
Please suggest me
I WANT ETHEREUM LOAN AGAINST MY FIAT MONEY

[harizen]

How to put fiat at collateral to take (ethereum) loan from respected forum members
Please suggest me
I WANT ETHEREUM LOAN AGAINST MY FIAT MONEY

Might be a hassle for both party unless you can found a person that lived nearby on your place or if someone here will proposed a set of agreements about this.

Options are:

a) Try to seek assistance in your local thread or local social media crypto groups. Might someone is willing to trade with you.

b) Take chances from Currency Exchange section of the forum and used trusted escrows of the forum.

C) Why not just deposit your fiat money into crypto exchange and buy ETH from there.

Although these options aren't about Lending anymore, at least you will able to used your fiat money to acquired ETH.

[ThatRandom8543]

How to put fiat at collateral to take (ethereum) loan from respected forum members
Please suggest me
I WANT ETHEREUM LOAN AGAINST MY FIAT MONEY

Might be a hassle for both party unless you can found a person that lived nearby on your place or if someone here will proposed a set of agreements about this.

Options are:

a) Try to seek assistance in your local thread or local social media crypto groups. Might someone is willing to trade with you.

b) Take chances from Currency Exchange section of the forum and used trusted escrows of the forum.

C) Why not just deposit your fiat money into crypto exchange and buy ETH from there.

Although these options aren't about Lending anymore, at least you will able to used your fiat money to acquired ETH.

I would say he should deposit it into a crypto exchange or trade it for crypto than to get a loan against it. Usually using fiat as collateral can be extremely risky unless things are done locally since the means of transacting fiat online (eg paypal, cashapp, etc) can open up risk for the lender to lose both crypto and fiat, even with escrow.

[magneto]

Unless you are able to convert your fiat into a liquid form of a crypto stablecoin i doubt anyone would be able to help you get a loan.

Also, non reversible payment methods such as Perfectmoney, payeer or advcash could potentially work as well.

Apart from that, I reckon the lender will find that there is too much risk in holding a collateral that could potentially be charged back or reversed, or be sent from a stolen or hacked bank account.

If you want to short crypto with borrowed money though, you might as well do it on a trading platform that specialises in bitcoin derivatives. But the risks are obviously there.

[Quickseller]

You can use a stablecoin.