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Author Topic: Exchanges that offer loan options  (Read 1306 times)
Nrcewker
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June 02, 2022, 02:14:01 AM
 #41

Trading from loan is not a good move. It will be difficult to pay your loan when you lose in Trading and will not benefit from it but instead will only let you pay for more loan with interest when your trading decision fails.

I also agree with you mate.
You should always trade/gamble with own money.
Once you lend money from someone and if by bad fortune you lose it. Then your life will become hell.
The OP’s post was from 2017. Almost 5 years passed now.
The mentioned exchanges have might updated their terms of services.
So it’s better to check and act accordingly before joining the exchanges.
Moreover i see Binance missing from the OP’s list.
According to me Binance is the best exchange present in the market. Though I don’t know whether they offer loans or not.

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June 02, 2022, 12:02:10 PM
 #42

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
No offense OP, but i think some information that we seek can turn out to create problems for us, and is this is one of such...Avoid loans as much as you can especially in trading. You shouldn't even be trying to find out more exchanges that offer loans as having this information at the back of your mind can one day become an option for you when you need money to trade with.

We all know how trading is risky even for professionals, trade with your own money that you can loose, avoid taking loans to trade with, this is my advice for those considering this loan thing.
But, I think the OP is not the one that will borrow money but it was his money that he want to lend on the exchange in order to get some passive returns, I think that was a good idea rather than the money will remain idle inside the exchange and then gain nothing but we must only do this on an exchange that is really trusted and been here for years.

Nexo is specialized on this but I don't know if this was an exchange or simply a lending site but it wasn't important anymore as we can still continue trading on our favourite exchangers while pulling out some money out of it and transfer it to the lending sites that we think are trusted enough.

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June 05, 2022, 08:02:45 PM
 #43

Why to go on exchanges if you have option here on the forum itself. Just go to lending section and there are bunch of lenders you will find. Mostly you will qualify for the given amount if it fits into criterion of lender and get the money instantly. Here you get an advantage of known lenders, feasible access to money, easy returns and easy collaterals. For exchanges the rates could be enormous and you will surely need higher collateral value before you can build trust transaction.

I support this motion, in addition to the fact that in the forum the borrowers are of high reputation, there is the option of making loans for users who do not have to give any type of collateral, this is something that is not achieved everywhere, in addition the interests are Much more friendly than those offered by an Exchange, in this case a loan from an exchange is like making a loan at a bank, but with interest that is much more difficult to pay.

Of course, everyone measures their situation and their way of managing money, as well as their ability to pay, it is only advice that we can kindly give them here, because a loan is always something that must be done with great responsibility.

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