Would you lend in cryptocurrency?

[Hamphser]

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.

It is easier to lend your money to someone specially if you knew who it was since you can guarantee that they will pay you in no time.

To me lending crypto is easy of course if know who will going to lend it. This is some kind of low-key business to me or partially making money while earning and accumulating bitcoin primarily.

It's still not bad though since I've got a limited customer only.

[bonyaserg]

Personally, on this occasion, I could lend cryptocurrency. But it all depends on whom you can borrow. I can only lend to trusted people in whom I am 100 percent sure that this cryptocurrency will return. And with such successes, you can delay proven people.

[nxnqauff]

Some project is saying this but never seen in reality. Nobody take this risk as well. The risk on both sides are extremely high.

[Ferris419]

Lending in cryptocurrency is a very common matter in our country. We have a group where we do crypto lending, talk about crypto and transact in peer to peer systems. Usually, we do crypto lending in Bitcoin and Ethereum, I always prefer these two coins. Though we don't count the USD value, we do only care about the Satoshi value. So, if the price goes up or down, it causes no effect at all. I don't like the stable coin in lending, they feel not real crypto.

[PuertoLibre]

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.

It is easier to lend your money to someone specially if you knew who it was since you can guarantee that they will pay you in no time.

To me lending crypto is easy of course if know who will going to lend it. This is some kind of low-key business to me or partially making money while earning and accumulating bitcoin primarily.

It's still not bad though since I've got a limited customer only.

The disadvantages of the fluctuating value of the cryptocurrency affect the profitability of crypto lending businesses. The passive income can ruin the business of the lender if the borrowers don't pay in the time. Knowing the consequences and having calculated risks will ensure the profits in case of having a trustworthy business partner. It is not bad to lend in altcoins but the collateral rate should be over the 120% AFAIK.

[kidbounty]

it's easier to use Stablecoin like tether because the price is stable. borrowing / giving loans using other coins will only make you lose. crypto is very high fluctuating and it can be after you give a loan / borrow the price of the coin that changes. Stablecoin is the best choice, which can be used for that.

[fosco333]

I think it is a bit risky to borrow money in the form of cryptocurrency.
When the borrower borrow some coins in low price, they will have to pay in same amount without regarding the price.
If the price when they borrow lower than when they return, the borrower will have to pay more money.

[NathanJB]

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)

With a good interest and if the rest of the terms and conditions are great, why not? And another important factor is that the borrower has to be a trusted one. Because whatever terms and conditions are agreed if the borrower is not an honest one and does not have plans to honor the agreements and pay the loan, everything will be a waste. I will choose the coins that are low in fees and fast in confirmation.

[Republikcoin.com]

if I am forced to borrow in cryptocurrency, I might choose a stable coin compared to others. that's because the return will be quite easy, and the amount doesn't go up and down. when I borrow to another cryptocurrency, I'm afraid the price will suddenly go up and it's hard to pay. so, I chose to replace it with a stable coin. and if I lend someone cryptocurrency, I might choose a stable coin with the same reason as I thought.

[lighpulsar07]

if i have enough money then Yes but i would require collateral for it and since we are in the internet i only accept altcoins as collateral and it must be 120 percent but i don't have any money to start with though. Anyway, i wouldn't advise to apply for loan in cryptocurrency or fiat since it you would ruin your financial capability.

[riso2015]

I personally will not give loans in Cryptocurrency because Crypto prices are volatile so it tends to change the value of the assets we lend. I prefer to lend money to people who need it, I'm more comfortable with it.

[dimox]

nope. because no one know about bitcoin. if there someone know about it, i think they dont know how to cash it. if they know about it and how to cash it, im sure he will keep than cash it, because is there chance to get high value than he lend.

[Ayiranorea]

I'll lend bitcoin with terms and conditions. If I give one bitcoin, I will request respective collateral equal to that value of bitcoin. Further will be the ROI based on the time period required for returning the amount. Beyond this if the value has declined or increased while returning the fund needs to be returned in terms of USD equal to the time at which it was borrowed.

[ethereumhunter]

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 depends on who will ask for a loan to me. If I knew that person closely, I will loan him but not for big money because I will think about how he will go to pay the loan. I don't want to give another trouble for lending big money to him, and I don't want to give the money without I can get that money again. I will try with some money to test it for a while and if he can give the money back, then maybe I will lend him some other money. I think I will give him fiat so he can buy any coins he wants.

[ringgo96]

nope. because no one know about bitcoin. if there someone know about it, i think they dont know how to cash it. if they know about it and how to cash it, im sure he will keep than cash it, because is there chance to get high value than he lend.

In addition to the lending system in the case of cryptocurrency we are still confused about the exchange rate used by the US dollar or using Bitcoin because we borrow has two values that can change every second and this is certainly very confusing for someone with the circumstances they must choose

[Kyraishi]

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 depends on a lot of factors. We've seen lenders profit quite a lot off loans in the past, especially ones that have collateral.

The problem is really finding these borrowers, that are able to give you a decent profit margin and also have collateral.

I would lend in any coin - exchanges exist and I have a pretty diverse portfolio anyway.

[meliodas]

I don't want to get into lending business especially when it comes to cryptocurrency. It is not worth it to get into lending business for me since there is always a chance for the borrower to not pay you back and you cannot do anything about it but just move forward. It is better to look for another investment opportunity rather than stress yourself out from doing lending with cryptocurrency.

[MCDev]

I only lend money to relatives and friends, but this is very limited. My loans are often diverse, maybe Bitcoin can also be ETH depending on the case and the purpose of the borrower.

[Furryball]

I don't lend out crypto to anybody and i don't borrow too because its not just for me, it always have a bad ending, even in real life i don't do such, shit will always happen when i don't get my money back and some humans are addicted to not paying debts

[nasipadang]

I suggest to as much as possible not to make loans or lend in the form of cryptocurrency. In the case of borrowers they must submit personal information as a form of collateral, and even though we have preached but are you sure your information is safe?. And in the case of lending be it BTC, ETH or stable coin (USDT), wouldn't you be more complicated to take care of it, especially if the digital currency that you lend doesn't come back.