Would you lend your cryptocurrencies?

[Masplanc]

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

It's a good idea giving load with interest  but I come to think how are you going to go about it.  If everyone here in the forum can apply for it or it's only people outside the forum , well it is a nice development but you need to plan it very well.

[osasshem]

This is a nice one, but have you considered the risk behind it? It is and has always been fun trying new things with crypto currency, but in this part of lending crypto currency, it is new to me and I have not had any thinking about it at all.
At the point of lending out your crypto currency, don't you think that the price value might change over time (this could be on the positive side for you or on the contrary), and will it be through a third party that is well trusted and has been in the system for some good period of time, cause using the escrow in P2P trading, most times there still come some trouble when confirming transactions and stuff like that.
Also, the coin at which you are lending is it one of the most popular coins in the market, cause I think that will get more chances of getting interested people, otherwise, people might not get much interest in it.

[peter0425]

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

instead of loaning directly to company , why not offer your crypto to individual here in forum as long as there are collateral? and you must be having a knowledge how to assess the value and future of the collateral coins.
in this you'll be safe in your funds and also will be in safe hands from scammers.
there are several loan provider here that become a victim of scammer but they trust too much so the end they become a victim.

[arwin100]

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

instead of loaning directly to company , why not offer your crypto to individual here in forum as long as there are collateral? and you must be having a knowledge how to assess the value and future of the collateral coins.
in this you'll be safe in your funds and also will be in safe hands from scammers.
there are several loan provider here that become a victim of scammer but they trust too much so the end they become a victim.

Taking a collateral is indeed a good option but kindly make sure you choose what collateral is good and always require that the collateral given is more higher than the amount loaned by the borrower so that he can assure that he will pay back nor can recover as well earn once the borrower defaulted from his loan taken.

Although even though we have collateral we are still at risk on any possible scenario that might come especially if the price of the token or coin  they provide as collateral dump or the digital items have demand so that we can easily sell it.

[nhaila]

Taking a loan cryptocurrency is never been in my thought before since its very volatile, but for lending my cryptocurrencies better to do it to someone you know since this is crypto space a lot scammer out there who willing to take your money with fake identity.

Taking a big risk like that is highly discouraged by many people in my opinion, it's true that there are lots of scammers roaming the virtual world until now. so you should think more about it. Great support not to make such loans.

Borrowing cryptocurrency from an external source becomes a lot of fun. Because if I can't repay the loan, then all my houses will go bankrupt. So I do not transact cryptocurrency from any external source.

[hodlvalley]

If the platform is trustworthy and they are insured, then definitely. It's just a matter of educating yourself enough to know where to place your assets and understanding the associated risk.

[JariKriting]

Taking a loan cryptocurrency is never been in my thought before since its very volatile, but for lending my cryptocurrencies better to do it to someone you know since this is crypto space a lot scammer out there who willing to take your money with fake identity.

Taking a big risk like that is highly discouraged by many people in my opinion, it's true that there are lots of scammers roaming the virtual world until now. so you should think more about it. Great support not to make such loans.

if you lend in exchanger is save youre money always back
example you can lend in binance huobi okexchanger kucoin or another exchanger, is farm is good in pancakeswap

[virasog]

Taking a loan cryptocurrency is never been in my thought before since its very volatile, but for lending my cryptocurrencies better to do it to someone you know since this is crypto space a lot scammer out there who willing to take your money with fake identity.

Taking a big risk like that is highly discouraged by many people in my opinion, it's true that there are lots of scammers roaming the virtual world until now. so you should think more about it. Great support not to make such loans.

Crypto currencies are decentralized and there is no central authority which controls them. So if you lend your crypto and if the other person scams you, there is no way you can get your crypto back. For this reason i discourage everyone to lend their bitcoins and crypto currencies.
Also, for small interest, you should not risk your money.

[CDC AP]

Lending here will gain you more than 5% per month on your lent crypto funds and there will be no guarantee anywhere. If you are looking for a guarantee from your borrower, you can only lend to those who give you 120% or more worth of collateral to the amount they are willing to borrow from you. So if you don't lend no collateral loans, you will be at much lesser risk.

[Sihab76]

Lending here will gain you more than 5% per month on your lent crypto funds and there will be no guarantee anywhere. If you are looking for a guarantee from your borrower, you can only lend to those who give you 120% or more worth of collateral to the amount they are willing to borrow from you. So if you don't lend no collateral loans, you will be at much lesser risk.

Lending or borrowing in cryptocurrency is extremely risky. If you suffer huge losses in cryptocurrency transactions from any source then it will be very difficult to repay your loan. So it is better not to borrow in cryptocurrency.

[goku19]

I will find it hard to lend my cryptocurrency in an online platform. That is not the kind of risk I can take. Not for now. There is so much happenings that can lead to loss of your crypto on lending platforms.  Very risky! Those lending platforms can be legit today, and tomorrow they become not legit. You never what to expect. Offline lending is less risky though.

[turneps]

At this point, while crypto lending is a refreshing innovation for the crypto ecosystem, I personally don't think it provides the full benefits of real credit – as in its current form. , all crypto loans are overstated. This means that you have to have capital available to get a loan, which means that the crypto lending market is not for the uncapitalized (including crypto capital) it's really the audience. need access to finance the most.
E-money lending however Generates a passive profit for the lender and the borrower can get the money without having to sell the coin. These are significant improvements for individual holders and large institutional investors alike. But to me will not lend cryptocurrency because paralleling profit is high risk.

[noormcs5]

Taking a loan cryptocurrency is never been in my thought before since its very volatile, but for lending my cryptocurrencies better to do it to someone you know since this is crypto space a lot scammer out there who willing to take your money with fake identity.

Taking a big risk like that is highly discouraged by many people in my opinion, it's true that there are lots of scammers roaming the virtual world until now. so you should think more about it. Great support not to make such loans.

Keeping in view of the risk reward, i think lend your crypto is not a good deal. There is always a risk that the person who took the crypto may not return and you may lose your money.
Instead if you only hold the crypto yourself, you can get good gains without any risk.

[ReiMomo]

I have not yet done this. But have given some BTC to my friend for his emergency and I dont mind if he gives it back. But yes when an unknown person here requests me for BTC as a lend, then would think of it and will check on the procedures everyone follows when lending and will provide based on his reputation in the past. But as of now, have not come across guys approaching me requesting for BTC. 

[virasog]

I have not yet done this. But have given some BTC to my friend for his emergency and I dont mind if he gives it back. But yes when an unknown person here requests me for BTC as a lend, then would think of it and will check on the procedures everyone follows when lending and will provide based on his reputation in the past. But as of now, have not come across guys approaching me requesting for BTC. 

There is some complications in this lending of bitcoin and other crypto except stable coins like USDT. As an example, if you lend someone 100$ in  bitcoins, later at the time of return, you will want same amount of bitcoins or the USD value ?

If the bitcoin price rises too much at the time when the receiver has to pay then it might create a dispute if the receiver want to return the USD value only in bitcoin.

[NathanielParker]

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

I don’t like this way of taking a loan. I don’t know how to take a loan. It’s too risky and not worth it.

[Shagnasty]

To a large extent, it depends on you. If you are a trader and your likelihood to trade comes up often, then I don't see a reason why you should lend your cryptocurrency. That's because, having the need and actually withdrawing your funds before agreed period always makes you loose your esteemed profit as you've broken terms and conditions.
Also, if you most lend, you've got to be extremely sure it's the right platform as what is sent might not be returned.

[StLucifer]

Lending here will gain you more than 5% per month on your lent crypto funds and there will be no guarantee anywhere. If you are looking for a guarantee from your borrower, you can only lend to those who give you 120% or more worth of collateral to the amount they are willing to borrow from you. So if you don't lend no collateral loans, you will be at much lesser risk.

[Congyang]

To a large extent, it depends on you. If you are a trader and your likelihood to trade comes up often, then I don't see a reason why you should lend your cryptocurrency. That's because, having the need and actually withdrawing your funds before agreed period always makes you loose your esteemed profit as you've broken terms and conditions.
Also, if you most lend, you've got to be extremely sure it's the right platform as what is sent might not be returned.

there must be provisions and an MOU first because sometimes the trust we give will eventually be misused by some irresponsible people.
but in this case I also often do this but it is only for my closest friends or indeed family who do the same thing as I do.
As for other people who are in the sense of outsiders and just being known, I feel like this will only make them have evil plans

[CDC AP]

Every Cryptocurrency is risky but it gives high profit too. Until this time I never had lended my crypto but rather I have invested on some smart contract project. If you want to lend your crypto then you have to bear risk as well. But From my friends I have heard that "Blockfi" is a good site for investement and they never had loss. So I prefer investment on Block fi is good