Would you lend in cryptocurrency?

[barnes13]

Of course I prefer to lend it in the form of a stable coin. Because if I lend in the form of Bitcoin, Ethereum and so on it has a higher risk of loss because the price of the coin/token is very volatile. However, if I lend it in the form of stable coins it will be more profitable because the price of coins will remain stable even though in bear market conditions and I will also get a definite interest rate.

[desticy]

I am not a supporter of loans at all, and I do not advise anyone to take them.
What is the point of taking a loan in cryptocurrency if you can not immediately spend this money but will wait for growth to be more profitable to sell, and then a decline to give a loan.
All this will be overwhelmed by manipulations both on your part and on the part of the structures issuing loans.
I doubt that this will improve someone's life.

[ivan1975]

Now CoinMarketCap made new section where you can see the annual interest rate for lending crypto on different platforms:
https://interest.coinmarketcap.com/currencies

[Youghoor]

Personally I don't really have any problem regarding the idea of lending in cryptocurrency but the only challenge I see this facing will be the value of the cryptocurrency u loan out.  Assuming you loan 0.05 BTC when the market value was $8k, I don't think the person will be happy to pay back at a rate of $15k since he will be paying more than he took....

[wxa7115]

I think, in this forum there are some people who loan and use cryptocurrency. But in real life, actually i have close friend who borrow me 0.05BTC when price is less than $1000 i guess, for now he always want to pay it in fiat, and use rate that he borrow in past. When want to lend people in crypto, make sure they accept any rate that come when they want to pay. If not, they wouldn't pay much if price increased.

I have never lent to anyone any amount of cryptocurrency but it seems that your problem is commonplace, this show to us the lack of understanding common people have about how money works, if I lent a pen to a person I expect to get back the same pen and if I lent some bitcoin to someone I expect to get that same bitcoin and even a little bit more for the risk I am taking by lending him that money, but they want to return to you the value of bitcoin in fiat at that moment.

And that is a scam, in the past I have seen icos trying the same with some level of success until someone after doing the math realized he was being robbed.

[tabas]

It's even happening in the forum but as much as I want to lend somebody, I don't have the spare budget to do it but if I'm capable of it. I don't mind lending any of those coins as long as the borrower is eligible and capable of paying and passed base on my standards.
In real life, if it would be my friends or relatives, I'll say no honestly.

[tenakha]

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)

If that was my job, yes, I would. Not only one of those listed, I used to lend most of them with different interest. For example, I would use standard interest in stable currencies, but those with volatile prices would be higher. But I would not do business without collateral, there are plenty of bastards who can take advantage of it.

Bitcoin, Ripple, Ethereum, Litecoin, Monero, EOS - A few of the coins that I would lend.

[Obito]

Would you give a loan to borrowers in cryptocurrency?

If it someone I know trustworthy I may be able to lend him/her some money in crypto if the borrower is familiar in crypto currency and its characteristics. In addition, it would be tough to let the borrower let his/her decision in an amount of money to be converted in crypto as the payment because crypto price tend to change overtime. It is just a matter of me losing much more a lot based from the conditions or I may be gaining more than the money I let the borrower borrowed.

[SamboNZ]

I am not a supporter of loans at all, and I do not advise anyone to take them.
What is the point of taking a loan in cryptocurrency if you can not immediately spend this money but will wait for growth to be more profitable to sell, and then a decline to give a loan.
All this will be overwhelmed by manipulations both on your part and on the part of the structures issuing loans.
I doubt that this will improve someone's life.

There are certain times that you need money but you love your altcoins/tokens, so much that you can't sell it, thats the time loans are there to help which helps you get cash but you need collateralize your precious coins.
--
I prefer to loan take loans in ETH because of the fast confirmation time.

[huu78]

I wouldn't lend in a project. Where it is very risky the borrower to bring a run out of our money.
So, in my opinion, it is at risk. But if I'm familiar with that I lend I'll lend using Ethereum or stablecoin like USDT.

[stephanirain]

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)

It is risky to lend money in cryptocurrency especially when you do not know well who the person is. Cryptocurrency is not regulated so, there will be no centralized body that will manage and ensure that your money will come back. It will be difficult also to get a worthy collateral to strangers. Lending money in cryptocurrency would be a great idea only if there is a good system or procedure that will oversee the activity to keep the safety and interests of both parties thus, avoiding scams.

[TelolettOm]

Why not? If I really need to do it so that I can  stretch up my investment amount then I will do it but the only thing important is you know how to pay on time and don't run since I'm pretty sure that there will be a karma will come for you in future. But actually I never lend to anyone here yet since I don't need to do it for now but maybe in future let see how things goes.

Not right if we make loans only for investment. because investment itself is done with money that is already not related to needs. if we still have needs and also have not been fulfilled then certainly not the value of our investment cannot be forced to large.especially if we come to borrow just because of investment. what if we actually lose this investment?

[michellee]

Why not? If I really need to do it so that I can  stretch up my investment amount then I will do it but the only thing important is you know how to pay on time and don't run since I'm pretty sure that there will be a karma will come for you in future. But actually I never lend to anyone here yet since I don't need to do it for now but maybe in future let see how things goes.

Not right if we make loans only for investment. because investment itself is done with money that is already not related to needs. if we still have needs and also have not been fulfilled then certainly not the value of our investment cannot be forced to large.especially if we come to borrow just because of investment. what if we actually lose this investment?

Yeah, when we invest, that must come from the free money we have so it will not disturb any of the needs in our daily life. If we can do that, I think we will get an excellent return, but that will depend on the type of investment we make. As long as we can choose bitcoin as the primary investment, we will make the biggest profit in the future. But take a loan will not be a good idea to do because you need to repay the money monthly.

[rawdog11]

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)

Yes, I would lend in crypto, my rules are pretty straight forward when I do so (to people I trust). I get paid back the equivalent amount of crypto. So if I loan someone 0.05BTC then I expect to be paid back 0.05BTC no matter what the USD value of it is at the time. Same goes for any other currency I lend in no matter the altcoin. If someone wants 5 LTC then they will pay me back 5 LTC.

[Fappanu]

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)

Yes, I would lend in crypto, my rules are pretty straight forward when I do so (to people I trust). I get paid back the equivalent amount of crypto. So if I loan someone 0.05BTC then I expect to be paid back 0.05BTC no matter what the USD value of it is at the time. Same goes for any other currency I lend in no matter the altcoin. If someone wants 5 LTC then they will pay me back 5 LTC.

This is also my thought, If he borrowed 0.05 he should return 0.05, but we should also give him a limit such as "should be only 1 week" or else he would have added interest so that we will not lose if its value falls.

I saw it too in the Market place and the value didn't matter to them even when it dropped, Because they want to increase their BTC and not the value, Maybe they are longterm holders.

[meanwords]

Bitcoin's probably the easiest to lend right now. It is the most known cryptocurrency out there and learning how to use it is easy. But of course, I'd only lend to person that I know personally. You really can't trust the cryptocurrency space because of its anonymity and everyone can just create or buy an account and try to borrow money from you. It's the internet so no chance for me to lend it to the community, even if they are trusted by many.

[adjed]

I have given loans to several if my friends in the past but I always insisted on giving out the loans in stablecoin because that is the only one where the value of my funds remain the same no matter the timeframe is when it is returned, imagine giving 0.2 BTC loan to someone when BTC was worth $10,000 and getting back the loan when BTC is worth $8,100.

[aioc]

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)

There are already a lot of people lending here and Bitcoin and Ethereum are two of the primary coins they use to lend people in fact we have a section here dedicated to lending, so this answer your question, people will lend in Cryptocurrency because it's profitable.

[yulionoo]

no because in my opinion lending cryptocurrency will be able to harm either the borrower or the person giving the loan. because cryptocurrency is very volatile it can go up and down suddenly. for example, I lend btc when the price is 1 btc = $ 4k, then next month when the btc price falls, it will be $ 3k, I will lose. I'd better use fiat money if I would lend people money.

[otto93]

This has a two ways dimension, it either favours you or the borrower but in real cases then both parties need an agreement that can determine the mode of payment which will require that the borrower pays back at a certain rate and unless that agreement is met, its dam a risky gamble