Would you lend in cryptocurrency?

[Abdulbc]

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's weird to see LIBRA on the list when it's not officially launched, we don't even know for sure if it will pass regulatory hindrances. Well that said, I've always used Bitcoin in margin trading if that's the type of lending you are talking about. In essence, I'll give a loan in BTC.

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[diazepam666]

I didn't lend any money e for my personal purpose also in in cryptocurrency platform. There are plenty of web sites providing lending support for the group of users to get the loan with proper collateral.
My personal advice please don't get lunch at all it will trash you in in few moments.

[Ultimist]

I believe that if you give credit in cryptocurrency, it should be stable coins. If you choose volatile coins, it is not profitable for either side because of the strong fluctuations in the exchange rate.

[ReiMomo]

Of course why not, especially if you have shortage in trading. Here in the forum, there are a lot of reputed people who were a good lender using cryptocurrency but usually, they are using Bitcoin. There's nothing wrong if you wanted to borrow a cryptocurrency as long as you have an earning too in crypto. Yes, that was quite a risk and a high-interest rate but if you had no choice you can grab the opportunity. You can visit on Lending board you can check how it works and who are those members here in the forum who was repeatedly asking loan.

[Visbay]

No, i wouldnt want to lend or borrow in cryptocurrency because of its volatility.For example,  I can lend out a 300$ BTC to someone and might end up being 250$ when he or she is paying such to me back so i don't condone lending cryptocurrencies as the volatility is just too high

Yeah, people lend such amount and when they will gain profit so will be able to again give them back so if I got such a chance from someone I will take bitcoin. Getting 250$ then you invest it in good coin and one day you get profit so it will be good for you but I don’t know who are those people who give money to people but don’t use by themselves

[prehisto]

Yes, I would.
The difference between FIAT loans and cryptocurrency loans is that in fiat you dont have to worry about currency fluctuations , you say that you get back the same amount + interest. But how would you define the amount in cryptos? The best way would be to define it with respect to fiat.

[ajiz138]

The risk that is borne when lending using cryptocurrency is a fluctuating price, if when we lend the price up and be paid when the price goes down, it will not benefit us. Assets are fixed but the value of assets decreases. A safe choice is to use a stable coin like USDT. The safest way to lend is FIAT currency because it is stable and the value is not too volatile like crypto.

[batang_bitcoin]

This post is an advertisement post, look at the other suggestion of op and his name too. There's even a whitepaper and link for that unknown token and the others, they don't even have link to be clicked.

I do not understand the procedure for granting a loan. Do you have to provide your personal information? If so then after that you and all your wallets will be in danger. Why do I need to take money from strangers and risk my anonymity? If personal data is not needed, who will protect the borrower?

There's lending in the forum and all you have to do is to be trusted and have a collateral, if you don't pass on any of the two, you will be declined. You are a senior member and I think you have been familiar with that process.

[joinfree]

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)

Sure, why not. I don't see the reason why i should not if he requests for the loan in cryptocurrencies, after all having to use cryptocurrencies for our daily transactions is what we wish to see and so if someone requests a loan in cryptocurrencies i would give it out. However i prefer dealing with bitcoins but whatever the case maybe i would want him to pay me the exact amount of bitcoin i sent and not it's dollar equivalent at the time of transaction.

[Pinkris128]

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 will difficult and complicated to led cryptocurrency since it is dynamic and fluctuating all the time. True, you could use this as an advantage in such way that you can earn a lot more by just the timing of the peak of the price will be the time you will get paid. But it is a double edged sword and it might be used against you. Also, most lending institutions need KYC, something that most of us do not like. So, lending cryptocurrency has still a lot more to be improved before people will start getting interest for it.

[ljane]

I have seen so many members giving out or lending members on this platform with different cryptocurrencies which to me is cool. This depends on the trust level of the individual and for me, I will lend depending on the current situation of the market and also the kind of person I am lending to.

[19Nov16]

Online loans (replacing banks) are growing very rapidly and I hope that more and more companies are developing crypto lend, the presence of crypto lend can certainly add significantly to crypto users.

[llecrf]

I think getting a loan in Bitcoin and other altcoins is very good, but it's still converted to dollars or euros. If I borrow 1 BTC for a long period of time, I think an unstable BTC price will make a different price if there is no prior agreement, such as how much BTC I return when it costs $10 thousand when I borrow, and how much BTC should I return it when it costs $20k

[henmark]

I am very much interest in giving out loans in cryptocurrency, but I really don't know how to go about it, though I know that people have been giving out loan in the loan section of this forum. If I am to choose any loan to give out, it will surely be bitcoin, I know that many people would be scared right now because of its volatility, but it is in the future that one will really enjoy it.

It would have been stable coin, but I really don’t see any benefit in having a coin that is stable and not going to benefit or profit me aside the interest. It is only when I don’t have any choice that I will go for stable coin, but for what I feel will really benefit me in the long run, I think that it will be bitcoin, I can still manage to give out Ethereum also, but I don’t think it will pay me as much as bitcoin.

[pandanaran]

I do not really know the loan service in the form of cryptoqurrency because from the beginning until now I am also not interested or want to lend cryptoqurrency to anyone ... yes of course you can understand my point, especially with risk. . but I've heard in this forum there is a loan service in the form of bitcoin, maybe you can try it but always be vigilant with services like that.

[barabarian1]

So far I have never given a loan or borrowed cryptocurrency. because in my opinion it's very risky especially if we lend is coins that have high fluctuations such as bitcoin. it is better to lend using a stable coin like tether because the value will remain the same for a long period of time.

[jazmuzika217]

Lending crypto is not a good idea. Becaise it is very complicated. All we know that crypto price is changing quickly it's price. But I will answer your question. I will choose bitcoin to lend because all we know the power of bitcoin it will stay alive even experienced a low price in a long time so it is better to lend bitcoin so you can use it in long period of time without any worry of coin death.

[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.

using fiat in our lending will give simple calculation.just calculate interest for each month and we will know how much total amount that we have to pay.no value volatility that could make us pay more in future as you described above.but overall crypto currency give us another benefits in economic side.

I give a loan of money not to make a profit. I give loans because I want to help my friends. I do not want to be a happy person above the suffering of others. if I want to make a profit I will invest or trade. I will not ask for payment more than the money I lend.

[magnum cyber]

I personally have never borrowed or lent cryptoqurrency that I have, on the other hand it is very risky especially in this industry is completely anonymous, but I heard my friend borrowed cryptoqurrency in this forum and said he was safe because there was a third party in every transaction. but my advice if you do not understand about services like this it is better not to borrow or lend your assets to anyone.

[k@suy]

Lending crypto is not a good idea. Becaise it is very complicated. All we know that crypto price is changing quickly it's price. But I will answer your question. I will choose bitcoin to lend because all we know the power of bitcoin it will stay alive even experienced a low price in a long time so it is better to lend bitcoin so you can use it in long period of time without any worry of coin death.

I will not definitely not lend any amount, not because I do not trust the process but because market is unstable, it is too risky, I will make my budget to tight so that if there is a chance to buy more I can buy it specially when bear market takes place again. We do not know when will be the market goes deeply so do not lend because I think in lending there will be a percentage every month.