How To Lend Money

[mrcash02]

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

[apoorvlathey]

To lend your bitcoins, you can create a thread in the lending section. You should take the borrower's account as collateral. First you need to calculate the account price for here : http://www.bctalkaccountpricer.info/
Then you should lend him BTC equal to or less than the price calculated above.
In case the borrower does not pays back then you could sell that account to get your BTC back.

[pooya87]

- go here: https://bitcointalk.org/index.php?board=65.0
- read the rules and Edu: 1 2 3 4
- post a topic there and write what your rules are (amount, percent, return time, types of collateral you accept, ...)
- figure out who is currently good (trusted) and available for escrow
- review applications and lend

[Amph]

you can use numerous online service, but you need identification, because they do not ask for collateral like it is in this forum

services such btcjam, loanbase, btcpop etc...

[botany]

To lend your bitcoins, you can create a thread in the lending section. You should take the borrower's account as collateral. First you need to calculate the account price for here : http://www.bctalkaccountpricer.info/
Then you should lend him BTC equal to or less than the price calculated above.
In case the borrower does not pays back then you could sell that account to get your BTC back.

A word of caution while taking bitcointalk accounts as collateral. Accounts may not necessarily fetch the price mentioned on the website. There is a risk that the accounts might have been hacked too. It is safer to take altcoins as collateral.

[richjohn]

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

Would like to remind you to be careful in lending your money to other people.

[mrcash02]

Thanks for all replies. About accounts can be hacked, i think escrow change the account password to prevent this issue. So account owner can't access his account until he pays the loan.

I will try to offer a loan there...

[DarkStar_]

Thanks for all replies. About accounts can be hacked, i think escrow change the account password to prevent this issue. So account owner can't access his account until he pays the loan.

I will try to offer a loan there...

By hacked accounts, I think the person meant that someone hacked an account, and wanted to use the hacked account as collateral. I remember a while ago someone asked this in the lender section, and myself and others made a good post about how to lend. Don't use http://www.bctalkaccountpricer.info/ for prices, it is way inflated. A newbie account with 1 post is worth 0.001, apparently. The account market is a lot different now. If you must use it, use the estimated price/2

[yenxz]

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

trust is the key,you must have good rank and trust if want to lend bitcoins here,also always use escrow for safety.
some people loan to good rank and good reputation member,its safe and make you not upset with scammer around here.

[mrcash02]

Thanks for all replies. About accounts can be hacked, i think escrow change the account password to prevent this issue. So account owner can't access his account until he pays the loan.

I will try to offer a loan there...

By hacked accounts, I think the person meant that someone hacked an account, and wanted to use the hacked account as collateral. I remember a while ago someone asked this in the lender section, and myself and others made a good post about how to lend. Don't use http://www.bctalkaccountpricer.info/ for prices, it is way inflated. A newbie account with 1 post is worth 0.001, apparently. The account market is a lot different now. If you must use it, use the estimated price/2

Hmm, it's a case to think about (hacked accounts)...

Can you suggest me some rules?

I would like to lend until 0.06 BTC, can you suggest a good and possible interest percent, return time?

Types of collateral that I accept: maybe accounts? I think it's better than alt-coins that lose their price anytime...

[The Sceptical Chymist]

OP, I have a bad feeling about this if you're as green as you appear.   Just be aware that this forum is infested with scammers and always get valid collateral.   I got scammed by a green trusted member for 0.3 btc and you get members trying to scam for much less.  Good luck. 

[BitsandBites]

There is a lending section in this forum.
I'm not sure you can go far with lending though, you have to really have a lot of faith it will turn out nice.

[mrcash02]

OP, I have a bad feeling about this if you're as green as you appear.   Just be aware that this forum is infested with scammers and always get valid collateral.   I got scammed by a green trusted member for 0.3 btc and you get members trying to scam for much less.  Good luck. 

Scammed because lost all money or because collateral account was bad?

Maybe we need just to find a honest escrow...

[klf]

OP, I have a bad feeling about this if you're as green as you appear.   Just be aware that this forum is infested with scammers and always get valid collateral.   I got scammed by a green trusted member for 0.3 btc and you get members trying to scam for much less.  Good luck. 

Scammed because lost all money or because collateral account was bad?

Maybe we need just to find a honest escrow...

Yes, I do agree that some of the reputed members turned to be doing gray things on this forum. But in lending business you should accept any collateral which you can sell it easily to recover your money otherwise no use of collateral. Also if your a not a trusted member on this forum than mostly no one would prefer to hand over collateral to you so either you first gain the trust or you should trust some reputed person on this forum to hold collateral, otherwise you may not be success in lending business in this forum. Good luck to you.

[Herbert2020]

OP, I have a bad feeling about this if you're as green as you appear.   Just be aware that this forum is infested with scammers and always get valid collateral.   I got scammed by a green trusted member for 0.3 btc and you get members trying to scam for much less.  Good luck. 

Scammed because lost all money or because collateral account was bad?

Maybe we need just to find a honest escrow...

Yes, I do agree that some of the reputed members turned to be doing gray things on this forum. But in lending business you should accept any collateral which you can sell it easily to recover your money otherwise no use of collateral. Also if your a not a trusted member on this forum than mostly no one would prefer to hand over collateral to you so either you first gain the trust or you should trust some reputed person on this forum to hold collateral, otherwise you may not be success in lending business in this forum. Good luck to you.

exactly. doesn't matter who is asking for the loan, you gotta ask for a collateral in return.
it is not always about not giving it back and scamming he might have and accident or even die and you have nobody returning your money except the collateral that you have taken before.
so you just have to take a valid collateral like forum account or some altcoins that you have the wallet for.

[mrcash02]

OP, I have a bad feeling about this if you're as green as you appear.   Just be aware that this forum is infested with scammers and always get valid collateral.   I got scammed by a green trusted member for 0.3 btc and you get members trying to scam for much less.  Good luck. 

Scammed because lost all money or because collateral account was bad?

Maybe we need just to find a honest escrow...

Yes, I do agree that some of the reputed members turned to be doing gray things on this forum. But in lending business you should accept any collateral which you can sell it easily to recover your money otherwise no use of collateral. Also if your a not a trusted member on this forum than mostly no one would prefer to hand over collateral to you so either you first gain the trust or you should trust some reputed person on this forum to hold collateral, otherwise you may not be success in lending business in this forum. Good luck to you.

exactly. doesn't matter who is asking for the loan, you gotta ask for a collateral in return.
it is not always about not giving it back and scamming he might have and accident or even die and you have nobody returning your money except the collateral that you have taken before.
so you just have to take a valid collateral like forum account or some altcoins that you have the wallet for.

Hmm, ok. Looks a bit complicated. Better to lend only for trusted friends and i have no one. I understand that it's very hard to trust strangers on internet. The scam can come from everywhere. Thanks for all your attention.

[KennyR]

In the process of lending, initial step is verification of the user with various identities. The next part is to get a collateral in advance other than money. Even if the interest was paid regularly with the submitted collateral loss can be compensated.

[Herbert2020]

..........
exactly. doesn't matter who is asking for the loan, you gotta ask for a collateral in return.
it is not always about not giving it back and scamming he might have and accident or even die and you have nobody returning your money except the collateral that you have taken before.
so you just have to take a valid collateral like forum account or some altcoins that you have the wallet for.

Hmm, ok. Looks a bit complicated. Better to lend only for trusted friends and i have no one. I understand that it's very hard to trust strangers on internet. The scam can come from everywhere. Thanks for all your attention.

yeah, if you want to earn money you have take risks and sometimes you have to lose money to learn some valuable things.

you only have to learn what a valid collateral is.
for example:
- you can accept Litecoin since the LTC price is pretty stable for lending 0.1BTC you should take 0.1BTC+10%=~14.21 [LTC] (the percentage can vary)
- you can also accept forum account: check the last time they have changed password, ask for signed message, google this: "{userName} scam site:bitcointalk.org" and  "{userName} loan site:bitcointalk.org"

[quadriple7]

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

to be a money lender, you should have a positive trust, but that's not all, people you will lend money too should have positive trust too or you shouldn't lend them money because there are lots of scammers everywhere, so you have to be very careful while doing things like this

[ElMoIsEviL]

I would like to know how can i lend money to other forum members safety. Can i create a thread offering loan? And can i earn trust doing it?

Thanks.

to be a money lender, you should have a positive trust, but that's not all, people you will lend money too should have positive trust too or you shouldn't lend them money because there are lots of scammers everywhere, so you have to be very careful while doing things like this

Why a new money lender shoud have positive trust can you explain this? if the collateral will be kept by 3th Trusted member so no risk the lender can take it away!

And the second statment is not 100% true even newbies can lend if the collateral is valid and at least 120%