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Author Topic: Looking for advice to start lending coins via BTCtalk  (Read 405 times)
lenkug
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October 30, 2013, 05:36:07 AM
 #1

Hey guys,
I've been a long time browser of the site and just recently joined.
I'd like to start investing my BTCs via short term lending.

Please share your tips for the safest way to do this and not get scammed Smiley

Thanks!!
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SaltySpitoon
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October 30, 2013, 05:41:14 AM
 #2

Collateral is the only protection you can get, and sometimes even that isn't good enough. NEVER accept ID or personal info as collateral. You want something you can sell for BTC right after they default. Always think of a loan as a sale, if you wouldn't buy their collateral from them, don't take it as collateral.
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October 30, 2013, 05:44:58 AM
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it's not worth the risk imo. chances are high that you still lose coins if you have to sell the collateral.
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October 30, 2013, 06:31:44 AM
 #4

Hey guys,
I've been a long time browser of the site and just recently joined.
I'd like to start investing my BTCs via short term lending.

Please share your tips for the safest way to do this and not get scammed Smiley

Thanks!!

You can invest your BTC in securities or some gambling site (not gamble) which is much better then lending.

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