what is bitcoin Loan

[Nandiwal]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

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[zeaderza]

A Bitcoin loan mean when you borrow bitcoin from someone.
You need a valid collateral like your bitcoin account or other altcoins for a loan.

[--Encrypted--]

of course.
just make sure you bring a collateral or you'll get no loan (at least not until you're trusted enough).

and just in case, read this sticky before asking for a loan.

[mirana12345]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

If you are giving a loan - You just need a good eye for spotting possible scammers who do not intend to even return the loan. Make sure that you
                                   always take valid collateral from them of equal or even better, of higher value than the actual loan.

If you are searching for a loan - If you have account here that is reputable enough that it makes no sense to scam someone, you may get a loan w/o collateral.
                                            In any other case, you will need to have one. Most people give collateral in the form of forum accounts and/or altcoins.

[CryingMidget]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

You can many website to provide a bitcoin loan with simple interest. that you can find in Google search or else You find a related thread in lending sub topic.

[traderbit]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

Borrowing money from someone here, people mostly will ask for collateral if they don't trust enough you.

[avw1982]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

I think op should move this thread to lending topic. Lending will work with some interest according to bitcoin how much getting as loan They will make a interest accordingly. Escrow will work for both parties trust case I guess.
Personally I will not advice to anyone to go for loan lend because Its risky one like gambling.

[romero121]

Bitcoin is same as that getting loan from a bank. Here you will contact certain user, trader, websites and request for a loan by submitting required collateral as mentioned by user, trader, website and then can get bitcoin. You need to pay certain % as interest for the amount of bitcoins you get as loan.

[Jet Cash]

I still don't understand why anyone would want a Bitcoin loan. If you need to buy something with Bitcoin, then it must be easier to buy the coins rather than borrow them. In a rising market, it's going to cost more to repay the loan in Bitcoin, so it would be cheaper to borrow fiat if you need funds for everyday purchases.

[European Central Bank]

It's a dumb idea and someone somewhere is very likely to get burned in the process.

[amacar2]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

Collateral is used to secure loan given to you. Collateral means any thing that have value higher than loan amount and could be sold in no time in online. Without collateral noone will give loan.

[bit1]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

If a newbie give a loan is not a good idea because he can lost, On the same way knobody will give  a loan to a newbie without  collateral valid, Besides if a newbie ask for a loan incorrectly him can to get negative trust ruining his reputation from the start.

[davinchi]

I still don't understand why anyone would want a Bitcoin loan. If you need to buy something with Bitcoin, then it must be easier to buy the coins rather than borrow them. In a rising market, it's going to cost more to repay the loan in Bitcoin, so it would be cheaper to borrow fiat if you need funds for everyday purchases.

There can be many reasons why people prefer a loan rather than buying them. Some users may need it urgently to pay another person, to buy something online like domains and they get a loan which is faster than exchanging or buying bitcoins. They prefer getting a loan rather even though it's a loss they incur.

[elloco4ever]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

I think op should move this thread to lending topic. Lending will work with some interest according to bitcoin how much getting as loan They will make a interest accordingly. Escrow will work for both parties trust case I guess.
Personally I will not advice to anyone to go for loan lend because Its risky one like gambling.

Whatever you have said is absolutely true because this forum is full of scammers who just keep looking for some stupid people to fool around so never lend Bitcoin to any one

[The Sceptical Chymist]

I still don't understand why anyone would want a Bitcoin loan. If you need to buy something with Bitcoin, then it must be easier to buy the coins rather than borrow them. In a rising market, it's going to cost more to repay the loan in Bitcoin, so it would be cheaper to borrow fiat if you need funds for everyday purchases.

Yes, well, if you need to borrow funds of any denomination then the fundamental issue is you don't have enough of any of them.  Meaning people who borrow bitcoin likely don't have money to buy bitcoin.  Know what I mean?

[coinplus]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

To get a loan, since you are a newbie, a valid collateral is required to get a loan.
I believe any member levels can lend out. You can help other members by giving them a loan. You will earn some interest for that.

[avw1982]

people here are talking about loan. i want to know that how its poissible to give or take loan here.
just want to know..

I think op should move this thread to lending topic. Lending will work with some interest according to bitcoin how much getting as loan They will make a interest accordingly. Escrow will work for both parties trust case I guess.
Personally I will not advice to anyone to go for loan lend because Its risky one like gambling.

Whatever you have said is absolutely true because this forum is full of scammers who just keep looking for some stupid people to fool around so never lend Bitcoin to any one

Yeah but people around here are not thinking about it. without knowing completely Just going for loan is risky one. After getting loan some people use to scam also So people should careful about it.

[Beinglove]

It's a dumb idea and someone somewhere is very likely to get burned in the process.

How and where take bitcoin loan pals. Is it easy or so hard to compete like a bank loan. Please need you guy's advices.

[lixer]

For newbies, they HAVE to give a collateral while asking for a loan without which they will only get a negative trust for TRYING. Now a days Collateral mostly accepted in the form of alt currencies.

[Amph]

it is when you ask for an amount of money because you don't have, so you borrow from someone else, in exchange you give them something called collateral as a form of warranty just in case you default on your loan

[darewaller]

For newbies, they HAVE to give a collateral while asking for a loan without which they will only get a negative trust for TRYING. Now a days Collateral mostly accepted in the form of alt currencies.

Collateral depends on the users. You can find many lenders who have their active threads in the lending section and they may accept or reject your loan request depending on the value of the collateral and the amount you want as a loan.

[Jet Cash]

Granting a loan is like accepting an uncovered short trade from somebody. The collateral should reflect the possible future increase in the price of Bitcoin.
For example - I borrow 5 Bitcoins, and I provide 5 Bitcoin's worth of feral collateral. If the price halves, then I can buy 10 Bitcoin, and pay back the 5 BTC loan. I can keep the 5 BTC profit. If the price doubles, then I can keep the original 5 BTC, and let the lender claim the collateral. Once again, I've made a profit equal to the price of the original 5 BTC.