Would you lend in cryptocurrency?

[o48o]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

Dear "maxitdev", after you put only Maxit whitepaper on the op, this looks like a pure advertisement to me even though you try to hide it under the conversation.
But i'll play along and say that i've always lended eth because it's rather cheap and fast to send and i use it every day anyway.

[crazy-pilot]

I would not do that. I think that at the moment, lending in cryptocurrency is too dangerous. To eliminate risk, you need a good credit platform.

[Murat]

Would you give a loan to borrowers in cryptocurrency?

I won't loan people in Crypto because the price goes up & down too much. Too much risk as well. Crypto is not reversal so if i loan without collateral the risk is too much to bear. When you give loans with collateral there is a risk as well. Security & then the price. You will need to check the price every day as crypto can go down over 20% in a day.  If someone wants to start their lending business on crypto I would suggest them to deal with a stable coin. Otherwise, they will suffer big loss. If you are in crypto holding is way better than lending.

[ecnalubma]

I will not lend my crypto unless there’s a collateral to it, even close friends can’t simply borrow money from me. People change when money is the subject. But it seems you are just trying to advertise your company in this topic, now you got your desired answers.

[ChrisPop]

I'd be willing to lend cryptocurrency in any cryptocurrency if I get the rate that I want and ONLY if the borrower can guarantee that he is able to pay me back after a period. Be it that through a collateral, escrow, co-payer or through a contract if he has a stable proven income. There is a catch here though.. I'd never lend Bitcoin to get paid in USD for example. If I would do that I would lose a lot in opportunity cost (p.s. I don't think someone would take a 300%/year interest rate loan)  

[Xxmodded]

I will never want loan with your list bitcoin and altcoin above, big risk for your load if you want to borrow with bitcoin or altcoin because when you borrow first time bitcoin or altcoin still lower price, when time for paying have come you have pay whit have you borrow and price of bitcoin or altcoin have higher, you have pay with double value, why not borrow only with money it the same value after you pay back.

[TriplexXx]

This is going to be very hard for you because not many people are interested in giving out a loan on this platform regardless of which cryptocurrency. By the way, your account is a newbie, no merits, no authority, not a high ranking member, you have contributed nothing to this community also. the people of this great community will not trust you or your platform for loans, you at least need to be a high ranking member reaching at least a "Senior Member" level for people to trust you on this community.

[electronicash]

who does that with maxicredit?

there are people lending in this forum you can see them in this Lending section, you are however required to provide collateral and mostly are their account here in the forum. i haven't really tried having a loan but i can see a lot are doing it which its interest goes up to $50. one may find it too much but that's their game. if i will lend it would be btc and expect btc as well.

[adzino]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread).

[maxitdev]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread).

I put Maxit's whitepaper there, cause the other currencies are known by most of the people, while Maxit is now just a conception. Of course, I would be happy if somebody read the whitepaper or even tell me some serious opinion.
I started this topic cause I am interested in how people think about lending cryptos. And have already some interesting infos, I thought more people would answer ERC20 stablecoins like USDC or Dai.

[TinaK]

As I know maximum number of people do lending service with Bitcoin only.
If there is good lending site for other cryptocurrencies means you need to share the website link here.
It will be helpful for the people who wants to lend the altcoins for collateral or non collateral.

[Rodeo02]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

So you are just trying to advertise Maxit over here? The thread kinda feels like you are genuinely not interested about the question you asked, rather you want people to click on the link and read the white paper (Why do you even have Libra in the list? It hasn't been launched yet nor does it have any network currently). Why don't you make a proper thread promoting your coin (or token or whatever it is) and highlight what is good (not talking about the announcement thread).

I put Maxit's whitepaper there, cause the other currencies are known by most of the people, while Maxit is now just a conception. Of course, I would be happy if somebody read the whitepaper or even tell me some serious opinion.
I started this topic cause I am interested in how people think about lending cryptos. And have already some interesting infos, I thought more people would answer ERC20 stablecoins like USDC or Dai.

lol its too obvious  mate that you just want to promote your project  and add the name of your token on the list. Its easy to see base on your username are you the owner ?

And about the lending there is valid colateral needed before you can take a  loan to lenders.
which is harder now becuase all of the transaction you will do is online and you need to trust both  party before you can start the transactions.

[TaliskerDarkStorm]

I'm using Binance Tether lending now. Just started. I think i need to wait at least 14 days to redeem my rewards. I think it makes the most sense to stake a stable coin. At least you don't have any questions in your mind. And whether the price of other cryptocurrencies goes down is none of your business. You can earn a safe return on interest.

[Cult]

if in truth there would be a question of how to lend to someone, I would also prefer stable coins, there are few racks, there are no losses and there is no%, the crypto market is very volatile, which can lead to losses

[Upgate]

Am a cryptocurrency user that's is just one fact so it all depends on if the borrower am willing to lend money uses cryptocurrency as well so yes I can lend in cryptocurrency and if the person needs it in cryptocurrency then it would likely be bitcoin or ethereum

[yulchatar]

No, I wouldn't do this, since it is risky for both parties - for borrowers (cryptocurrency volatility) and for investors. For me, as an investor, the risk is fraudsters who can easily cheat and provide fake data about themselves.

[adaora2323]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

Humm...I doubt Lending projects ever go well. Well maybe there is any successful lending project out there that am not aware of.

[J1mb0]

Sometimes I still lend money to my friends with cryptocurrency, the electronic currency I use to lend is Ethreum. I chose Ethereum simply because it's fast and in my country it's very easy to sell into cash.

[wxa7115]

Would you give a loan to borrowers in cryptocurrency?

If yes, in which cryptocurrency:
- Bitcoin
- Ethereum
- Stablecoin (please tell us in which)
- Libra
- Maxit (https://maxicreditcompany.com/whitepaper.pdf)
- Other (please tell us in which)

I wont, there have been several attempts in the past to create a platform where users could give loans to each other and those platforms failed and this was because scammers will use the anonymity that cryptocurrencies bring to their advantage and when you add that once you send your coins to a wallet you do not control them and  you cannot get those coins back then it becomes even more dangerous to lend cryptocurrencies.

Just take a look at the lending section of the forum and you will see that most of those willing to lend their coins need collateral and charge high interests to try to offset the risks they are incurring by their lending practice.

[boltz]

If I would had a lot of coins in order to make lends why not ? I mean every user who takes a lend it offers a collateral so the risk involved is minimum.Besides this , you gain more in profits in time , depends how many lends are you offering and what amounts and for what number of days as this statistics bring you profits.

I would offer lends only in bitcoin to be sure that I keep accumulate the profits in bitcoin and in time if other cryptocurrencies are performing good , Ethereum looks like a good option as well.