Hi I am looking for loan of $160 or 0.02197 bitcoin as of now. I can provide an IPad mini 2 32GB WiFi only as collateral lightly used. Model number is ME277LL/A and color is space gray. If anyone can help me out please let me know. Will obviously ship out first to a trusted lender
The problem I can see with this is that it could be a sell attempt due to you not being able to sell it, or could be that you do but know no one will likely buy it. There are many factors into using a physical collateral for a loan, which include the condition, if its locked/unlocked (and if its locked or icloud lock - if such a thing exist on that ipad - then youre out of luck), etc. You also shouldve stated your location, where are you willing to ship too, if you will cover the shipping from and too, etc. Imho, it may be best to pawn it, use the money and buy bitcoin, and then pay the amount you got back to the pawn shop.