Neteller Loan - Collateral BTC - 1% weekly

[iconzi]

Hello,

This is my first post here in Lending sub - section.  I need some Neteller Funds- $500

- 1% interest weekly
- BTC will be given as Collateral.
- 60 days Loan - If I can pay early, We settle it early - with 5% early settlement fees.
- Will deal through trusted escrow provider.

Best regards

[Cobalt9317]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

[iconzi]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

Thanks for your reply. I think no lender here uses Neteller that much. I also don't use Neteller in a regular basis. I just need some funds for some testing purpose of dice/ poker/ casino site which accepting Neteller.
and Yes I will put BTC as collateral and 1% weekly interest. that is 4% a month and total 8% for my terms

Best regards

[zazarb]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

Thanks for your reply. I think no lender here uses Neteller that much. I also don't use Neteller in a regular basis. I just need some funds for some testing purpose of dice/ poker/ casino site which accepting Neteller.
and Yes I will put BTC as collateral and 1% weekly interest. that is 4% a month and total 8% for my terms

Best regards

I think reason , not only that  no lender that use  Neteller , but that Neteller reversible,
After you repay loan  and will get back your collateral, lender's account can be locked just as suspicious transaction or had the money you have been sent a possibly fraudulent source and have been reversed.

[bias]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

Thanks for your reply. I think no lender here uses Neteller that much. I also don't use Neteller in a regular basis. I just need some funds for some testing purpose of dice/ poker/ casino site which accepting Neteller.
and Yes I will put BTC as collateral and 1% weekly interest. that is 4% a month and total 8% for my terms

Best regards

I think reason , not only that  no lender that use  Neteller , but that Neteller reversible,
After you repay loan  and will get back your collateral, lender's account can be locked just as suspicious transaction or had the money you have been sent a possibly fraudulent source and have been reversed.

Exactly like zazarb said. That's why both Neteller and Paypal are NOT consider as vald collaterals.
You should read the pinned topics aka stickies,before you post a loan request. To be more specific,your tricky loan request.

[iconzi]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

Thanks for your reply. I think no lender here uses Neteller that much. I also don't use Neteller in a regular basis. I just need some funds for some testing purpose of dice/ poker/ casino site which accepting Neteller.
and Yes I will put BTC as collateral and 1% weekly interest. that is 4% a month and total 8% for my terms

Best regards

I think reason , not only that  no lender that use  Neteller , but that Neteller reversible,
After you repay loan  and will get back your collateral, lender's account can be locked just as suspicious transaction or had the money you have been sent a possibly fraudulent source and have been reversed.

Hello zazarb,

Thank you very much for your explanation. I understood the point.
As far I know Neteller is not reversible. Unless funded from Credit Card. Since The lender will pay me Neteller, maybe from his funds or credit card. he can reverse it anytime I think. Therefore a very risky situation for me.

I will look for other option.

best regards

[iconzi]

Why a trusted lender didn't make an offer to your terms?
it looks legit as you're going to put bitcoin as collateral if this sound true that's good.

is there any issues with this post that I have no knowledge of?

Thanks for your reply. I think no lender here uses Neteller that much. I also don't use Neteller in a regular basis. I just need some funds for some testing purpose of dice/ poker/ casino site which accepting Neteller.
and Yes I will put BTC as collateral and 1% weekly interest. that is 4% a month and total 8% for my terms

Best regards

I think reason , not only that  no lender that use  Neteller , but that Neteller reversible,
After you repay loan  and will get back your collateral, lender's account can be locked just as suspicious transaction or had the money you have been sent a possibly fraudulent source and have been reversed.

Exactly like zazarb said. That's why both Neteller and Paypal are NOT consider as vald collaterals.
You should read the pinned topics aka stickies,before you post a loan request. To be more specific,your tricky loan request.

Hey Bias,

Please read my thread. I am putting my BTC as Collaterals. I am asking for Neteller.
So therefore no tricky request I guess.   

Thank you very much for your concern.

Best regards

[magneto]

Hello,

This is my first post here in Lending sub - section.  I need some Neteller Funds- $500

- 1% interest weekly
- BTC will be given as Collateral.
- 60 days Loan - If I can pay early, We settle it early - with 5% early settlement fees.
- Will deal through trusted escrow provider.

Best regards

The thing is that people dont feel like it’s worth it to deal with neteller.

Even though you are offering sufficient amount of collateral the reward in this case for the lender is just way too little. Pretty sure that the transfer fees with neteller is something along the lines of 2% per transaction. If you deduct that two times from the interest, there is really only around 4% interest.

I’d be interested in filling this if you can offer 10% flat rate interest over 60 days, with transactions kept on the btc network except the loan is pegged to usd.

Let me know if you’re interested in this proposal.

[iconzi]

The thing is that people dont feel like it’s worth it to deal with neteller.

Even though you are offering sufficient amount of collateral the reward in this case for the lender is just way too little. Pretty sure that the transfer fees with neteller is something along the lines of 2% per transaction. If you deduct that two times from the interest, there is really only around 4% interest.

I’d be interested in filling this if you can offer 10% flat rate interest over 60 days, with transactions kept on the btc network except the loan is pegged to usd.

Let me know if you’re interested in this proposal.

Hey magneto,

Thank you for your reply.  Do you meant the following?

- 10% interest for $500 = $50
- 60 days term - interest paid weekly

Let me know,

regards

[magneto]

The thing is that people dont feel like it’s worth it to deal with neteller.

Even though you are offering sufficient amount of collateral the reward in this case for the lender is just way too little. Pretty sure that the transfer fees with neteller is something along the lines of 2% per transaction. If you deduct that two times from the interest, there is really only around 4% interest.

I’d be interested in filling this if you can offer 10% flat rate interest over 60 days, with transactions kept on the btc network except the loan is pegged to usd.

Let me know if you’re interested in this proposal.

Hey magneto,

Thank you for your reply.  Do you meant the following?

- 10% interest for $500 = $50
- 60 days term - interest paid weekly

Let me know,

regards

No, what I mean is that we’ll keep everything in bitcoin.

The loan amount and repayment however, is pegged to USD and you won’t be affected by fluctuations in bitcoin pricing. So for example at current prices if I send you $500 worth of btc, you will need to pay back $550 worth of btc at spot price within 60 days. You can buy neteller funds with the btc that you get or whatever but repayment has to be in btc as well.

Escrow will be used to hold collateral. Interest and principal will be rapid in one at the end of the 60 day loan term.

Lmk

[iconzi]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

[ThatRandom8543]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

Yea, but once you pay the money back, and get the btc back, you could state that it is unauthorized and they could reverse it. Its in their terms afterall that it can be reversed.

[magneto]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

I understand. However I said before in my post that you’re unlikely to find a lender who is willing to deal with neteller due to its fees and potential ability to chargeback transactions. Also it’s reltively unpopular.

What I’m saying is that I can offer you a bitcoin loan in which everything is pegged to fiat. You’re giving bitcoin as collateral and in the process of doing that you’re essentially going long on bitcoin and shorting fiat.

You can do whatever you want with the loan, aka you can buy neteller funds or whatnot. But I can only send and receive the loan in bitcoin.

Anything you don’t understand still?

[iconzi]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

Yea, but once you pay the money back, and get the btc back, you could state that it is unauthorized and they could reverse it. Its in their terms afterall that it can be reversed.

Hello,

Thanks for your explanation. I understood about the revsersal fact. I am asking for Neteller funds, I am the 1st receiver here.  I am refunding back same Neteller Funds and paying the interest to get my BTC back. I hope it clears.

Regards

[iconzi]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

I understand. However I said before in my post that you’re unlikely to find a lender who is willing to deal with neteller due to its fees and potential ability to chargeback transactions. Also it’s reltively unpopular.

What I’m saying is that I can offer you a bitcoin loan in which everything is pegged to fiat. You’re giving bitcoin as collateral and in the process of doing that you’re essentially going long on bitcoin and shorting fiat.

You can do whatever you want with the loan, aka you can buy neteller funds or whatnot. But I can only send and receive the loan in bitcoin.

Anything you don’t understand still?

Hey Magneto,

I understood your point now. I have plenty of funds in BTC. There is no point of taking BTC loan since I have ,

I got your point on going long on BTC, But at the time of return I need to return you in BTC with intersted. So whats the benefit here? How can I short Fiat, if I am paying interest in BTC to get back my BTC ?

best regards

[magneto]

I think you are getting me wrong somehow.

I need funds in Neteller. And I am giving my BTC as collateral

I understand. However I said before in my post that you’re unlikely to find a lender who is willing to deal with neteller due to its fees and potential ability to chargeback transactions. Also it’s reltively unpopular.

What I’m saying is that I can offer you a bitcoin loan in which everything is pegged to fiat. You’re giving bitcoin as collateral and in the process of doing that you’re essentially going long on bitcoin and shorting fiat.

You can do whatever you want with the loan, aka you can buy neteller funds or whatnot. But I can only send and receive the loan in bitcoin.

Anything you don’t understand still?

Hey Magneto,

I understood your point now. I have plenty of funds in BTC. There is no point of taking BTC loan since I have ,

I got your point on going long on BTC, But at the time of return I need to return you in BTC with intersted. So whats the benefit here? How can I short Fiat, if I am paying interest in BTC to get back my BTC ?

best regards

If you just want neteller funds then just exchange that your BTC to neteller.

You're going long with BTC because I'm fixing the loan repayment in USD. So we're just using bitcoin as a payment gateway, if you like. You're not going to be repay in bitcoin terms but in fiat terms at the current spot rate. So if BTC goes up to $20k, you will only need to pay $550/20000 instead of $550/10500 which is the current spot rate.

But if you just want neteller and not an arrangement like this because you actually need neteller funds and is not going long on BTC, then just go with an exchanger such as sardasa.

[iconzi]

Thanks everyone replying here. Thank you magneto for giving me very valuable suggestions.

Finally I got my Neteller exchaning from BTC. I must admit, this forum is the place where people will get a lot of quality information.

Best regards

[magneto]

Thanks everyone replying here. Thank you magneto for giving me very valuable suggestions.

Finally I got my Neteller exchaning from BTC. I must admit, this forum is the place where people will get a lot of quality information.

Best regards

No worries. Next time you need some fiat I think it's probably a better idea to exchange for it instead of trying to ask out a loan denominated in fiat currency with a specific payment processor, such as Neteller because of the reversibility.

Unless you're extremely trusted nobody is going to give you that loan. Much better to trade for it if you had collateral in the first place. The only time you lock your loan into fiat is if you want to go long with BTC (if you think that BTC is going to go up more than the interest you're paying).

Since everything's in order now, please lock the thread using the bottom left corner controls.

[iconzi]

Hello Magneto,

I am really grateful for your direction. I was struggling real hard to convert those funds, because I had no idea. Thread is locked as directed.

Best regards