azmirihaque
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Activity: 224
Merit: 16
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June 25, 2020, 12:11:17 PM |
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Its a great news for the crypto world to lend and borrow cryptocurrency. But it is not so easy to administrate it. There has a high risk in recovering it. The conventional lending institution take sufficient securities before lending yet they cannot recover a portion. Every institution has classified loan. How will you ensure the security of the loan? Still most of the countries of the world didn't allow bitcoin and we cannot use it every where we want now. So, there has a question of effective use of loan.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Gibreil
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June 25, 2020, 01:17:20 PM |
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If it is volatile coin such as bitcoin, I think it is not good to lend a money. why? Because there is no assurance if the sats you have lend will become the same when it pays to you. But if you will lend crypto that is somehow, stable. Then, it is good because the interest that you will add is exact to the amount that the loaner will pay to you.
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nutriagrigia
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Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
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June 25, 2020, 04:38:49 PM |
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it is really a very convenient thing. It is best to give your cryptocurrency on credit but not to take it. this is an opportunity for many people to safely receive a high percentage for their money.
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kingzpro
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Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
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June 25, 2020, 04:49:13 PM |
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Cryptocurrency lending has the potential to take over the loans industry as we know it. In essence, it makes the process of getting a loan far easier and has far less requirements than traditional lending methods. In this article, we’ll walk you through the many advantages of cryptocurrency lending and why you should consider crypto the next time you need a loan. https://selfkey.org/the-top-5-advantages-of-cryptocurrency-lending/To be honest all of the DeFi projects, especially the lending ones are really booming at the moment, most of them already have their token value at all time highs, just check out nexo, cro, aave or compound all are mooning because of their success and growing interest among crypto hodlers but at the same time i have a fear that this severe growth would not end up in a bubble that ends in big losses and closure of businesses, i think all these projects should come up with solid, realistic and longterm models rather than offering high roi to attract investors. |
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semobo
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June 25, 2020, 05:01:37 PM |
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Cryptocurrency lending has the potential to take over the loans industry as we know it. In essence, it makes the process of getting a loan far easier and has far less requirements than traditional lending methods. In this article, we’ll walk you through the many advantages of cryptocurrency lending and why you should consider crypto the next time you need a loan. https://selfkey.org/the-top-5-advantages-of-cryptocurrency-lending/People who give money to the borrowers are at risk of losing their capital when it is in cryptos because we give them complete control and if the user is not ready to pay back the money after the loan period we can't do anything.Even if we make legal actions against them still has less chances to get our money that is why we are not seeing many crypto loan services.In bitcointalk we have some to take small loans at extremely high interest rate. |
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Apostlekin$$$
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Activity: 238
Merit: 17
Sovryn - Brings DeFi to Bitcoin
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June 25, 2020, 05:07:59 PM |
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If you can't manage risks please don't lend or take loan for crypto, this is highly risk plan for newbies and those who aren't very good at risk management, every crypto advisor warned people to only invest what they can afford to lose
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tycsols
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Activity: 812
Merit: 10
BountyMarketCap
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June 25, 2020, 05:08:51 PM |
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Cryptocurrency lending has the potential to take over the loans industry as we know it. In essence, it makes the process of getting a loan far easier and has far less requirements than traditional lending methods. In this article, we’ll walk you through the many advantages of cryptocurrency lending and why you should consider crypto the next time you need a loan. https://selfkey.org/the-top-5-advantages-of-cryptocurrency-lending/The stats are easily suggesting that crypto lending business is massively on the rise but you know there is massive market still left to be disrupted, as many of you know in Muslim countries and Muslim people lending is not considered legal because Islam prohibits it because of its exploitery nature, but shariah compliant funds and legal business investments are allowed in Islam where one can take profit from the business as a shareholder or investor so there is a huge untapped market still available, I hope crypto based companies will come up with these products too and capture huge muslim based investment markets. |
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amos77978
Copper Member
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Activity: 351
Merit: 1
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June 25, 2020, 05:24:59 PM |
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Cryptocurrency lending has the potential to take over the loans industry as we know it. In essence, it makes the process of getting a loan far easier and has far less requirements than traditional lending methods. In this article, we’ll walk you through the many advantages of cryptocurrency lending and why you should consider crypto the next time you need a loan. https://selfkey.org/the-top-5-advantages-of-cryptocurrency-lending/there are alot more disadvantages when it comes to getting a loan from crypto related startups.. I'm not dismissing the fact that crypto lending is good.. but I think theres alot more to it compared to when you're requesting a loan from a bank |
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GelsoAM
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June 25, 2020, 06:19:35 PM |
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I feel like it's a bit risky for my taste. Like, I have experience with this kind of stuff and it's not fun when it turns out a scam. So i would watch it and take my research thoroughly so that i can lessen my chances on getting scammed and overall getting a profit.
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asriloni
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Activity: 3010
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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June 26, 2020, 01:32:08 AM |
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If you can't manage risks please don't lend or take loan for crypto, this is highly risk plan for newbies and those who aren't very good at risk management, every crypto advisor warned people to only invest what they can afford to lose
It looks like you didn't aware about if the creator of this thread has started to take a survey and selfkey has also launched its loan platforms. That means the creator was seeing it as a big opportunity to get profit. |
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IMeta
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June 26, 2020, 02:47:35 AM |
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If you can't manage risks please don't lend or take loan for crypto, this is highly risk plan for newbies and those who aren't very good at risk management, every crypto advisor warned people to only invest what they can afford to lose
It looks like you didn't aware about if the creator of this thread has started to take a survey and selfkey has also launched its loan platforms. That means the creator was seeing it as a big opportunity to get profit. If so, OP I encourage you to browse my thread. Crypto lending will be a very lucrative market, which I will gwt into momentarily. |
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tetuto
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June 26, 2020, 02:00:06 PM |
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FYI, I've described some benefits and risks in my article about crypto lending, also mentioned some popular platforms https://defiwiki.org/wiki/Lending_PlatformsBtw, I'm open to any suggestions for improving my article! |
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mace15
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June 26, 2020, 02:17:43 PM |
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I feel like it's a bit risky for my taste. Like, I have experience with this kind of stuff and it's not fun when it turns out a scam. So i would watch it and take my research thoroughly so that i can lessen my chances on getting scammed and overall getting a profit.
Well that is why we have to know the risks when lending crypto. Before deciding to take this kind of system make sure to understand that price may subject to change or volatile. Actually I do not consider in lending crypto because of the value. |
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qiwoman2
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Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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June 26, 2020, 02:41:27 PM |
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Crypto loans are great if you want to leverage your capital, especially in a bear market scenario, where you really don't want to sell your coins in time of need, but you can set them up as collateral and get a loan. Either using the loan to leverage as capital to grow more assets, or use the loan for day to day stuff. I have used Nexo a few times and am looking at other ways to get a loan but also to stake and lend my crypto out as well. That is another way of getting in more funds. More and more people will turn to DEFI and Crypto as they slowly opt out or are kicked out of the old financial systems.
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