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Author Topic: 💰 💰 💰 CryptoCredex - loan secured by Bitcoin 💰 💰 💰  (Read 478 times)
Maycorn
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March 04, 2018, 07:05:13 PM
 #61

When are you going to accept other coins except bitcoin?

as i read in their white paper they're going add altcoins next year

Thanks, and do you know what coins?
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Kir1to
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March 04, 2018, 07:05:40 PM
 #62

I'm interested , What happens if the borrower doesn't pay back the loan?
santygo777
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March 04, 2018, 07:07:08 PM
 #63

When are you going to accept other coins except bitcoin?

as i read in their white paper they're going add altcoins next year

Thanks, and do you know what coins?

no) they don't provide this information. but i'm sure that they will be eth, Ltc and other coins according to their volatility
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March 04, 2018, 07:08:03 PM
 #64

I'm interested , What happens if the borrower doesn't pay back the loan?

they will find him, as they know his address
MikePerry
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March 04, 2018, 07:08:28 PM
 #65

When are you going to accept other coins except bitcoin?

as i read in their white paper they're going add altcoins next year

Thanks, and do you know what coins?

no) they don't provide this information. but i'm sure that they will be eth, Ltc and other coins according to their volatility

Why do you sure in this?
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March 04, 2018, 07:10:09 PM
 #66

When are you going to accept other coins except bitcoin?

as i read in their white paper they're going add altcoins next year

Thanks, and do you know what coins?

no) they don't provide this information. but i'm sure that they will be eth, Ltc and other coins according to their volatility

Why do you sure in this?


these coins are the most popular, every trader or crypto holder has them and as i've already told "according to their volatility"
Maycorn
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March 04, 2018, 07:18:42 PM
 #67

Are there any limits for USA citizens? For example KYC form
Rmcdermott927
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March 05, 2018, 12:19:02 AM
 #68

Be careful with this.  Sending bitcoin to a site with a new user like this raises huge red flags for me.  No legitimate financial organization would secure a USD loan with an asset as volatile as BTC.  If I get a $1mil loan for btc and it drops 25% tomorrow, very few people would pay that back. 

I’m not convinced that you would ever actually see USD transferred to you in the first place until we get some veteran users vouching for the service. 
wingding
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March 05, 2018, 08:24:47 AM
 #69

Are there any limits for USA citizens? For example KYC form

And what restrictions can there be? Can not US citizens take credit?
Tane
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March 05, 2018, 08:32:20 AM
 #70

Are there any limits for USA citizens? For example KYC form

It was stated that when you take a large loan amount you need to undergo the KYC procedure, regardless of which country you are a resident of.
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March 05, 2018, 08:53:25 AM
 #71

Be careful with this.  Sending bitcoin to a site with a new user like this raises huge red flags for me.  No legitimate financial organization would secure a USD loan with an asset as volatile as BTC.  If I get a $1mil loan for btc and it drops 25% tomorrow, very few people would pay that back. 

I’m not convinced that you would ever actually see USD transferred to you in the first place until we get some veteran users vouching for the service. 

Perhaps a team like that hedges the risks or set a limit on a certain loss.
Nyur
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March 05, 2018, 09:02:49 AM
 #72

When are you going to accept other coins except bitcoin?

as i read in their white paper they're going add altcoins next year

Thanks, and do you know what coins?

no) they don't provide this information. but i'm sure that they will be eth, Ltc and other coins according to their volatility

Yes, most likely it will be, it's quite demanded crypto assets.
bervang
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March 05, 2018, 09:09:48 AM
 #73

I agree with most users, the service can be quite in demand. I wish good luck to the project team.
CryptoCredex
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March 05, 2018, 09:36:29 AM
 #74

Hello!

This is very helpful but unfortunately the guarantee is very high, (5.8btc) for low consumers can not register because it does not have a lot of bitcoin as collateral.

The amount of collateral depends on the amount you want to borrow.

We offer a loan of 50% or less (if the client wishes) of the value of the collateral. For example, the client offers us 1 btc (say, the price is 1 btc = 10 thousand dollars). Then he will be able to borrow any amount of money, but not more than 5 thousand dollars.
We do not offer a loan for more than 50% of the price of collateral because of the high volatility of bitcoin.


Are you going to conduct ICO for your project or do you want to manage your own funds?

We do not plan an ICO and operate with our own capital.
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March 05, 2018, 10:13:46 AM
 #75

Is this project open for international residences? If not, for which country you are working right now? What if I borrow $500 worth for 6 months and after six months that value goes up to $2000? Nobody wants to repay then.
Sounds like another great project. Will keep watching.
zenting
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March 05, 2018, 12:04:56 PM
 #76

Is this project open for international residences? If not, for which country you are working right now? What if I borrow $500 worth for 6 months and after six months that value goes up to $2000? Nobody wants to repay then.
Sounds like another great project. Will keep watching.

You deposit collateral in the crypto currency, so it is in your interest to return the loan.
Nyur
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March 05, 2018, 01:36:56 PM
 #77

Who then filed an application for a loan? Share your experience as it happens.
Feetshot
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March 05, 2018, 04:57:55 PM
 #78

Who then filed an application for a loan? Share your experience as it happens.

I'm interested too. Where did you withdraw funds, how quickly the transaction is processed?
zenting
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March 05, 2018, 05:09:32 PM
 #79

You need to ask your customers to leave feedback on your website, this will stimulate other potential investors to apply for a loan.
Dieniz
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March 05, 2018, 05:17:46 PM
 #80

You need to ask your customers to leave feedback on your website, this will stimulate other potential investors to apply for a loan.

Yes you are right. If the experience of using your service from the client's side was described, it would be excellent.
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