Looking to lend btc and like to know which way has the most proven track record of borrowers making the repayments? Or is there anything out there that guarantees repayments but at a low interest rate?
Im on Poloniex exchange and see the lending section but can't see borrowers feedback there. Is poloniex good for lending or is there better than it?
I read the stickies here and see the word collateral. As a newbie lender how does this work via escrow? Lets say I want to lend btc to a borrower in USA, the borrower must deliver physical collateral to me first? How does escrow gets updated on this? Regarding physical collateral from USA being shipped to UK wont it takes weeks to wait for delivery and borrower might be put off by a slow loan service?
As a newbie lender I am not understanding and like to know how it works?
Thanks,
I would have suggested BTCJam however they are closed right now. Bitlendingclub also closed.
Bitcointalk is a good place to lend as well, i sometimes borrow small amounts. The interest we pay here is pretty high, usually more than 10% for just a few days loan because of the high risks involved.
Ok on Poloniex, is it safer to lend on Margin Trading or Lending?
It is, because the exchange holds collateral.
So even if they lose money margin trading, you'll get your bitcoins back + interest.