0.035 BTC loan with collateral

[FlashJay1]

So, I bought 500$ in BTC on coinbase and it’s in areival but says in 10 days..
I don’t have 10 days so I’m trying to get a 0.035 loan until it arrives.
I can offer that coinbase account as collateral. I’ll do full take over, phone number change, access to email attached, whatever needs to be done.
So 500$ in collateral for 0.035 should be fair enough.
I’m only willing to do this with a known loaner/member.
I’ll return the loan soon as that 500$ arrives with interest of 35$ on top.
Thanks.

[bill gator]

I'm almost positive that nobody is going to be interested in providing this loan with that collateral. That is not valid collateral, in my opinion. There is no assurance to the lender that you do not simply recover the account through coinbase support. You have all of the payment information, bank information, card information and identity information. The lender would send you the money, you would then recover your coinbase account and have profited .035 all for the cost of the time it took you to create a newbie account. Without some other form of collateral, I wouldn't consider this a feasible request.

[FlashJay1]

I don’t think I could recover it if I’m doing a phone number and email change for the loaner.
And I’d even provide my matching ID. I don’t have a two factor on the account either, loaner can also add their own to that. I also never sent in personal verification that I remember and I’ve had that account since 2016. Bank account is linked but I’d probably at least detach that for personal safety.

[condoras]

Your account there isn't a Valid Collateral, as explained earlier.
There is no way for anyone except the person that open/create the account, to change any details (ID's, attached Bank account, debit/credit card etc) and get the money that you say you are expecting. By the way, i never heard Coinbase needing 10 days for a deposit. Except if they believe that your credentials are fake...

The whole thing is fishy and shady from the start and you keep insist to it.
Offer a Valid Collateral as mentioned and described or lock your Thread.

[bill gator]

I've heard of regular people using Coinbase and whenever they would purchase the coin with their Credit or Debit card, then Coinbase would make them wait 10-days or so. I've also seen it very rarely do the same thing when purchasing directly through a bank account as well. To me, this isn't completely out of the ordinary, but without valid collateral there is not going to be any interested party that would take the risk on .035 BTC. If you don't have any digital goods, then you could work with physical goods and an escrow if it is that serious.

[FlashJay1]

Yeah it’s pretty normal for coinbase to take that long. Nothing fishy about it. Not out to scam. And I still don’t believe I could do an account take over for as far as I’m willing to go to change the account information for the loaner and wouldn’t attempt to in the first place but alrighty then

[bill gator]

Even if your intentions may be good, most people around here make their own security and safety a top priority. I can't blame them, because I've set out to do altruistic things in the past and it often bites you in the ass. If you are unable to provide something else as collateral, you may want to lock up the thread and try to figure something else out. When newbies ask for loans without valid collateral they get tagged with negative feedback, so I just wanted to let you know that you're walking that very thin line.

[condoras]

Yeah it’s pretty normal for coinbase to take that long. Nothing fishy about it. Not out to scam. And I still don’t believe I could do an account take over for as far as I’m willing to go to change the account information for the loaner and wouldn’t attempt to in the first place but alrighty then

You know that is "pretty normal" with what experience? You heard it around?
If you knew it then why you do it and come here and ask for a loan? You have an ongoing fiat transaction and you will change the credentials? Really now?! This is absurde.

I've heard of regular people using Coinbase and whenever they would purchase the coin with their Credit or Debit card, then Coinbase would make them wait 10-days or so. I've also seen it very rarely do the same thing when purchasing directly through a bank account as well.

From my side, i haven't heard such a delay for a deposit, especially using cards. Every single person that i know using Coinbase from the first day they get verified (this can take some time) doesn't have a delay of 10 days. Probably this is a personal statistic but ~40/40 is 100% accuracy.

[FlashJay1]

I didn’t think I’d need the coins as soon as now so I wasn’t in a rush.
But come to find, I do.. and yes this is normal. I’ll post a screenshot of proof of purchase and proof of it taking that long...

http://i63.tinypic.com/29ho9v.png

[FlashJay1]

Bump

[Seetheummerallyeah]

No one is going to accept this man you can stop trying...

[FlashJay1]

You have no idea if anyone will fund this or not..
Find something better to do than troll peoples threads.

[FlashJay1]

Bump

[KWH]

I don’t think I could recover it if I’m doing a phone number and email change for the loaner.
And I’d even provide my matching ID. I don’t have a two factor on the account either, loaner can also add their own to that. I also never sent in personal verification that I remember and I’ve had that account since 2016. Bank account is linked but I’d probably at least detach that for personal safety.

Yes you can/could recover it quite easily. I suggest to just wait it out.

[ThatRandom8543]

On top of what everyone else said, from the sound of it, it sounds like you did a bank transfer, so who to say if you really would have the funds in your bank? Then if someone for some stupid reason did took the account as collateral, they would be out of money because the bank wouldnt be able to honor the debit.

Coinbase can still be recovered no matter if you changed emails or phone numbers because your bank info is still tied to it (and possibly some identification information). And there will be a difference in geolocation based on the IP so that would set off an alarm as well. If you cannot wait it out, dont buy bitcoins that way.

[FlashJay1]

I use multiple VIPs to sign in so a random IP won’t set off any alarm. And funds have already been taken out of my account which can also be provided. And I did say I’d at least want to detach the bank account before hand so, no.. that could not be used for reclaiming the account and it’s easy to look and tell if I’d uploaded any previous verification to help reclaim the account which, I haven’t. So nothing could be done after email, phone number change and two factor set up. Anything else??

[ThatRandom8543]

I use multiple VIPs to sign in so a random IP won’t set off any alarm. And funds have already been taken out of my account which can also be provided. And I did say I’d at least want to detach the bank account before hand so, no.. that could not be used for reclaiming the account and it’s easy to look and tell if I’d uploaded any previous verification to help reclaim the account which, I haven’t. So nothing could be done after email, phone number change and two factor set up. Anything else??

Even if you detach your bank info, they. by law, are require to maintain that information internally and your transaction is still tied to the bank information. Want to try to change your email or phone number? That is still maintain internally as apart of a log (which is how they can help recover accounts). Using a VPN? Yea but you have access to the account, using the same browser or computer or device (though you using a vpn to access coinbase does set off red flags since there isnt exactly a reason to use a vpn for coinbase). Want to try to change your identification tied to the account? As mentioned before regarding the bank info, that is also maintain internally by law. No matter what you say, there is still ways of getting the account back very easily.

Regardless, your coinbase account isnt valid collateral. Your best bet is to just wait it out because no one is going to risk using an account as collateral when everyone knows its an extremely high risk, and you being new here with no trading history, no trust, and no form of contribution to this forum scream "scam" with your suggestion of using an account such as coinbase as collateral.

For the future, dont use coinbase if you cannot wait it out. There are plenty of other ways of buying bitcoin that can be faster (though usually comes at a risk).

[FlashJay1]

Funds arrived. No longer need

[ThatRandom8543]

Funds arrived. No longer need

The lock button is at the lower left hand of the post.