Cryptocurrency lending business.

[Ucy]

It is actually the best way to borrow and lend. The blockchain based lending businesses are way better...  they are easy, quick and anonymous compare to the traditional lending companies . Crypto lending would have gone to an advanced stage if not for the bear market.

[deisik]

It is actually the best way to borrow and lend. The blockchain based lending businesses are way better...  they are easy, quick and anonymous compare to the traditional lending companies . Crypto lending would have gone to an advanced stage if not for the bear market

Can you explain in greater detail what you mean by this? What you mean by the blockchain based lending business exactly? How is it going to work in real life? If you mean that you should provide collateral via, say, smart contracts, then you should provide over 100% of it (like what blockchain-based stable coins do) but in that case it makes no sense as borrowers could just sell their collateral and get done with that

What am I missing here?

[sclmte]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

[St4yInTh3D4rk]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

[fauzan Ichsan]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

[reflector]

Loaning with the bitcoin or cryptocurrencies could be an alternative on the grounds that our age today concentrates more on quick exchange. Because of the developing network, individuals dependably look for the advancement and presumably we can heard some are doing this thing. It possibly unsafe yet I think this is something that we ought to likewise be interested to see it's advancement.

[n0ne]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

Online business is always complicated, but to overcome the same it needs trust. With lending business the same is the reality and for the same there isn't any legit lending service renderer. All that effective is through our forum who are legit in the lending business on return of limited ROI on the amount.

[cambda]

This is in fact another way and strategy to profit through crypto in spite of the fact that it is still method to right on time to infer that this technique is suitable and gainful reason advanced monetary forms are verified and encoded and can ensure its clients namelessly however perhaps later on agents and institutional financial specialists may have answers for this issue.

[St4yInTh3D4rk]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

When someone getting loan online the one who is giving the money need to be careful,that is why they were asking for valid collateral.

Online made everything more convenient but it is only missing the trust building.

[deisik]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

When someone getting loan online the one who is giving the money need to be careful,that is why they were asking for valid collateral

I never understood that thing

If you are asking for collateral why would then a borrower care about taking a loan in the first place if he could just spend that collateral directly (and without paying interest at that)? So it all comes down to trust (read, no valid collateral for you) but when online you are expected not to trust anyone by default. Yeah, there is a lending section on the forum (or how it is called correctly, dunno), but I even fear to look into there (as it's likely bad for karma)

[St4yInTh3D4rk]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

When someone getting loan online the one who is giving the money need to be careful,that is why they were asking for valid collateral

I never understood that thing

If you are asking for collateral why would then a borrower care about taking a loan in the first place if he could just spend that collateral directly (and without paying interest at that)? So it all comes down to trust (read, no valid collateral for you) but when online you are expected not to trust anyone by default. Yeah, there is a lending section on the forum (or how it is called correctly, dunno), but I even fear to look into there (as it's likely bad for karma)

I just said to the users above who said I need to be careful while giving something as a collateral while lending that is why I mentioned they are the one who need to be afraid.

Maybe the collateral can't be liquidated immediately so user might asking for loan then repay it with interest,but this is the concept of lending when the user having nothing worthy no one will give us a loan even from bank or private lending companies.

[deisik]

When someone getting loan online the one who is giving the money need to be careful,that is why they were asking for valid collateral

I never understood that thing

If you are asking for collateral why would then a borrower care about taking a loan in the first place if he could just spend that collateral directly (and without paying interest at that)? So it all comes down to trust (read, no valid collateral for you) but when online you are expected not to trust anyone by default. Yeah, there is a lending section on the forum (or how it is called correctly, dunno), but I even fear to look into there (as it's likely bad for karma)

I just said to the users above who said I need to be careful while giving something as a collateral while lending that is why I mentioned they are the one who need to be afraid.

Maybe the collateral can't be liquidated immediately so user might asking for loan then repay it with interest,but this is the concept of lending when the user having nothing worthy no one will give us a loan even from bank or private lending companies

I didn't mean you personally, of course

I meant a lender, it is a figure of speech basically. But that's the problem with online lending, i.e. your collateral should be liquid. It is not like you come to a bank for a loan and can offer real estate as a collateral. Not very liquid but that makes sense as the bank is in no hurry to get rid of it at whatever price (provided it has a price)

In other words, what can you offer as a collateral for an online loan other than your good name (read, you should already be trusted)? A ton of shitcoins? And how would that be different from just selling them?

[n0ne]

If there is a bitcoin crypto loan, I think it's very interesting for me not just people who want to know a bitcoin but also people who need money like us, not all people have more money. so joining it to meet the needs, because it really needs to earn enough for the family so it is a great help to those who need a loan, and with a cryptocurrency loan that would be helpful to everyone.

No one will lend money to you because you are poor so even if there is a crypto lending company then will have some module and procedure for the eligibility criteria and I think lending with crypto much complicated because how they will take something as collateral.

without a guarantee it would be difficult to get a loan. and at least have to be careful when borrowing from online companies, because there have been many cases where the business has become more complicated

When someone getting loan online the one who is giving the money need to be careful,that is why they were asking for valid collateral

I never understood that thing

If you are asking for collateral why would then a borrower care about taking a loan in the first place if he could just spend that collateral directly (and without paying interest at that)? So it all comes down to trust (read, no valid collateral for you) but when online you are expected not to trust anyone by default. Yeah, there is a lending section on the forum (or how it is called correctly, dunno), but I even fear to look into there (as it's likely bad for karma)

I just said to the users above who said I need to be careful while giving something as a collateral while lending that is why I mentioned they are the one who need to be afraid.

Maybe the collateral can't be liquidated immediately so user might asking for loan then repay it with interest,but this is the concept of lending when the user having nothing worthy no one will give us a loan even from bank or private lending companies.

People weren't provided funds bare handed, they were requested to submit collateral. There were more digital collaterals that have been requested to get loan. This assures the trust between the lending person and the one who getting it. Importantly some people use escrow services for the same, so it is risky but can be done in a safer way.

[Douglasyukanov]

It is actually the best way to borrow and lend. The blockchain based lending businesses are way better...  they are easy, quick and anonymous compare to the traditional lending companies . Crypto lending would have gone to an advanced stage if not for the bear market.

but in addition to lending Bitcoin and crypto legal regulations for borrowers, there is only a guarantee of data for individuals, in the future if Bitcoin loans and blockchain become more popular, clear legal regulations are needed.

[sfr2017]

The practice of a “low-risk type of lending,” can be more  profitable for a company and in cryptocurrency bear market  is better for companies than they did when the market was bullish.

[BitBustah]

It we are talking about collateral loans it doesn't really seem worth it, if someone wants cash they can just sell their crypto themselves and save the fees.  If we could establish some sort of credit system and give out non collateral loans in crypto that would be revolutionary. 

[St4yInTh3D4rk]

I didn't mean you personally, of course

I meant a lender, it is a figure of speech basically. But that's the problem with online lending, i.e. your collateral should be liquid. It is not like you come to a bank for a loan and can offer real estate as a collateral. Not very liquid but that makes sense as the bank is in no hurry to get rid of it at whatever price (provided it has a price)

In other words, what can you offer as a collateral for an online loan other than your good name (read, you should already be trusted)? A ton of shitcoins? And how would that be different from just selling them?

So lending business through online may not get successful? Because it is same as selling our good and buying back with paying more price then we sell based on how long we take to repay the lend amount.

But I am not really interested at lending any money because it really sucks us,just better sell what we have then beg to someone to give some money and take this valuable good.

[deisik]

I didn't mean you personally, of course

I meant a lender, it is a figure of speech basically. But that's the problem with online lending, i.e. your collateral should be liquid. It is not like you come to a bank for a loan and can offer real estate as a collateral. Not very liquid but that makes sense as the bank is in no hurry to get rid of it at whatever price (provided it has a price)

In other words, what can you offer as a collateral for an online loan other than your good name (read, you should already be trusted)? A ton of shitcoins? And how would that be different from just selling them?

So lending business through online may not get successful?

I don't really know

As I'm not involved in this kind of activity so I can't give any definitive conclusion. But I still can't see how it can possibly exist on mass scale (lending business) other than peer-to-peer loans between trusted parties (just simple logic)

Anyway, there's a board here which is just about that thing. As I also said, I don't go there (people don't go to the Lending section at Bitcointalk), though I see now and then someone being painted red for not returning a cryptocurrency loan. In this way, there might be some form of life on this planet, after all

[wuvdoll]

I have seen a lot of them popping up recently and there are also a lot of people that are now using cryptocurrency to borrow loan, but I don’t really know how that works. But, I think most of these cryptocurrency lending platforms have their own wallet and you will have to fund that wallet before taking any loan. Though the good thing about them is that there is no collateral. And lastly, I don’t take loans, I don’t like it.

[chrisculanag]

I see some lending apps in google apps and one of my friend said to me thats is legit but i dont know if there`s kind of business is success . But i think if you need extra money for emergency you can lend but you need a valid id`s for the verification and that is my one of my problem so i decided to stay to use captcha and many faucets that i can earn free. Less hassle you dont need to think that you have a lend but i think this kind of business is really good because its very helpful incase if you need cash.