Would you lend in cryptocurrency?

[Aabcde]

Maybe I'll think about it carefully. Because basically if we lend funds to someone without collateral such as ID, then we can be sure the loan can bring harm to yourself. Either the borrower runs away or doesn't want to pay it. I better lend it to relatives or people I know closely. So that crime will not just happen. If it is already a deal, I will lend with USDT because the value is stable and not burdensome for the borrower. Because of these unpredictable price fluctuations, USDT is the best choice. Unless you want to bet on the results of the loan.

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[jessyj48]

No i don't lend coins and tokens and I won't advice it either, its another way of losing your coin, you might never get paid at all or get scammed, some scammers roams freeing in crypto space even aftrr their faces and videos is all over the internet, the are safe so don't be surprise if the person you lend your coins disappeared

[lousie9]

as far as I know in this forum there is a loan service in the form of cryptoqurrency, but not so for me, I will not lend or borrow cryptoqurrency to anyone, in my opinion this is very risky. although maybe they are trusted services but not for my decision.

[Darooghe]

The last option is my choice, because i have to be ready for the next bull run. the next bull run will be spearheaded by the projects that provide the easiest and simplest UI that even your grandma can use for their features. I am a big sucker of decentralization and privacy so I sometimes have to use something like BISQ to get tokens and it is honestly atrocious. So I think that in decentralized exchange niche Binance DEX and Resistance DEX will be game changers since they will probably provide the most seamless and easy DEX experience, much like Coinbase does.

So if i want to pick a winner, I would choose a project or several projects that are likely to be simple to use while still providing efficient service in the niche that i am interested in. For example, Request Network was supposed to be like that in digital payments niche, but we all know how it turned out. Nano is supposed to be the most easy to use project in the currency niche, and so on.

[toast]

as far as I know in this forum there is a loan service in the form of cryptoqurrency, but not so for me, I will not lend or borrow cryptoqurrency to anyone, in my opinion this is very risky. although maybe they are trusted services but not for my decision.

it is very true that your reason for not lending is because the risk is very large and it is also likely not to happen because the price and value of the cryptocurrencies we cannot predict with certainty what it would be like to invest alone the risk is very large and requires considerable confidence and patience

[Doell]

well think depending on the request the borrower mate will choose which cryptocurrencies he needs ,the availability of crypto in my wallet is also the main thing in giving loans so I think its discussed between the two parties and some other things worth discussing again about returns loan and others

[Finestream]

If I have a lot of extra crypto I would lend it but I will definitely do it in this forum, in the section - https://bitcointalk.org/index.php?board=65.0
Lending crypto IMO is good for lenders if the price is lowers as it could rise over time and they might earn profit not just from the interest but the value of the coins they lend when it rises up.

Lending also is a high risk business in crypto as you don't personally know a person, people are just judging based on its account but still somehow lenders manage to be profitable and they were able co manage the risk.

[Zionatin]

I would only lend with collateral otherwise no ways. People have scammed me before and run away. I don't need it happening again. I wonder how often the loans are not paid back with all these loaning websites.
It would be great to invest in nexo loaning and get 8%/year They look very legit but I am still scared. It says they a Licensed & Regulated Financial Institution but what does that actually mean?

[pamsugas]

of course the safest is stablecoin because the value will not change. the most trusted stablecoin at the moment is USDT. borrowing with a different value in my opinion would create a risk for the borrower and lender

[Zeke_23]

Yes, I would provide a loan in cryptocurrency. But only with very reliable loan repayment guarantees.
It seems to be more convenient to use Bitcoin or Ethereum.

Its very nice of you,

But if it was me, I won't lend to anyone using cryptocurrency, even if it is for someone dear to me. Cryptocurrency is an investment tool and if it will be using for loan, the borrower will only suffer. We can't determine the next thing to happen in crypto, and if crypto will increase I bet it will be hard for the borrower to pay due to sudden changes in price of cryptocurrency.

[Genemind]

No, I wouldn't lend cryptocurrency. It would be a good idea since we'll gain a good profit but cryptocurrency is volatile so borrowers would have a problem especially when the market is in a bad situation. I would rather invest or trade the funds that I have than to lend it. That would be more profitable.

[Red-Apple]

the problem with shitcoins specially those that are not even known like the one you are advertising here (Maxit) is that they are too risky because they can get dumped hard or pumped hard and there is no collateral that could cover the losses that could be caused by that.
not to mention that these coins are usually unsafe to use in general meaning they could get hacked, 51% attacked and a lot of different types of exploits in them which could lead to your losses.

that leaves the only viable option to be bitcoin.

[HabiebRiziq]

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 will only give loans to people I know or people close to me and he is also in cryptocurrency. Because sometimes giving loans in the form of coins will be able to give us profit, for example, when we give loans to others when prices are falling, that is not a problem and if the coins we borrow have the potential to recover and increase, we will get benefits when they return the coins they borrowed.

[smyslov]

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)

We have a lending section here and many want to take a loan, and many lenders are opening a new thread to offer a loan, and many applied to this new loan if I have funds to give a loan I'll definitely give a loan through Cryptocurrency, because you will have double profit, in case Bitcoin price increase, this is one of the easiest ways to get more Bitcoin while waiting for the price to increase but there is a risk involve and if you are a lender you should ask for referral, or only lend to trusted members.

[lienfaye]

I will only lend my crypto to someone I know and not for strangers.

Honestly I prefer to keep it rather than use it to earn extra. If you're someone that I know and you're in need I will lend you my crypto without interest.

Bitcoin or eth are my option if ever.

[strunberg]

of course the safest is stablecoin because the value will not change. the most trusted stablecoin at the moment is USDT. borrowing with a different value in my opinion would create a risk for the borrower and lender

that's good choice if we use stable coin as our lending.if we take in bitcoin or altcoin its very risky if suddenly its price drop alot.for example if we borrow bitcoin on rate 10k, and when time to return its price drop we will lost our money to recover its differences.except if we used to trade and able doubled, no matter with rate changes.

[Taskford]

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.

[ivakar]

i did it couple times.
so I lend about 0.5 btc to a friend of mine, he returned exact same amount after few month.
it was just a friendly support without any interests, he just paid fee for transfers

so for me it is very fast and solid way to support friends who is in trouble or just need some money

[SummerBliss]

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 of course i would like to lend my money in the form of crypto to the borrowers with safety.I would lend in btc although the risk is high because if the price goes down then i would suffer loss due to loan amount being decreased but still risks gives you desired profits.Interest rates will be seperated and price risw will be profit.There are stable coins but its value remain same and you get only interest which you can get in fiat lending also.So returns are low in that case.

[uray]

shit will always happen when i don't get my money back and some humans are addicted to not paying debts

Shit can always happen and i liked the line that humans are addicted to not return the debts  . That is somewhat true when you are lending money to family and friends and i have bitter experience when you ask to return the loaned amount their attitude changes as if i am asking loan from them and hence i stopped loaning money to anyone too as it will attract more enemies.