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Author Topic: Bitcoin Lending for business It is expensive or not How to get cheap interest?  (Read 94 times)
fxsniper (OP)
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April 13, 2021, 07:37:30 AM
 #1


Please advice.

I am interesting to Lending for business?

It is expensive or not if Lending bitcoin

How to get cheap interest?

and about about RISK for payback?
example 1 bitcoin value 60,972.20 if I rend 1 bitcoin and next 6 month value high to 120,972.20 double?
have any option to fix price payback return like  value rent is $10000 USD (0.16 bitcoin) if price up I still payback for  $10000 USD (0.082 bitcoin)
What is best way to rent contract?

rent still need to convert to local currency or USD.

What plate form recommend me to use?

I do for real estate business.
mocacinno
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April 13, 2021, 07:44:05 AM
 #2

Intrest rates for crypto loans are usually higher than the rates you'd get when you talk to your bank (at least, that's what i've seen most of the times i read a thread in the loan section). Also, most lenders (if not all) require valid collateral.

As for the rest of your questions: depends on the lender i guess.
Maybe you'll find somebody who is willing to lend you $10.000 in BTC and agrees if you repay $11.000 in BTC at the exchange rate at that point in time. I don't know if a lot of lenders would be up to this tough, exchange rates fluctuate a lot nowadays, so an agreement like this could end up in a big (ugly) discussion about which exchange rate and which exact point in time will be used... I would consider such a loan a hidden form of gambling.

The bottom line for you is: if you need a loan, and you want to get it here, prepare to give a lot of valid collateral and pay above-market intrest rates... If you insist on coupling the loan to the USD value, you're gambling, and most lenders will probably not like this.

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fxsniper (OP)
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April 13, 2021, 08:02:19 AM
 #3

Intrest rates for crypto loans are usually higher than the rates you'd get when you talk to your bank (at least, that's what i've seen most of the times i read a thread in the loan section). Also, most lenders (if not all) require valid collateral.

As for the rest of your questions: depends on the lender i guess.
Maybe you'll find somebody who is willing to lend you $10.000 in BTC and agrees if you repay $11.000 in BTC at the exchange rate at that point in time. I don't know if a lot of lenders would be up to this tough, exchange rates fluctuate a lot nowadays, so an agreement like this could end up in a big (ugly) discussion about which exchange rate and which exact point in time will be used... I would consider such a loan a hidden form of gambling.

The bottom line for you is: if you need a loan, and you want to get it here, prepare to give a lot of valid collateral and pay above-market intrest rates... If you insist on coupling the loan to the USD value, you're gambling, and most lenders will probably not like this.

Thank you mocacinno

That mean in this forum can give really Lending right (no scam)

but why crypto loans is expensive more than bank loan (What about, DeFi Lending replace bank , low rate bank still alive?)

What is example valid collateral can accept?

How can use valid collateral to get loan? do escrow works?

What platform Lending recommend better than on this forum?
 
mocacinno
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April 13, 2021, 08:20:37 AM
 #4

yeah, there are lenders here that are honest... Just look at their trust feedback before you deal with anybody.

As for the rates: i don't know why they are higher, but in general they are (at least, from what i've seen).

The collateral... well, VOD has written a nice piece about that: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902

Last but not least: yes, there are trustworthy escrows on the forum... Same rule applies as with the lenders: look at their trust feedback.

I'm not active in the loan community tough, so i can't answer to specific questions... I have no experience with Defi or other loan platforms, and the last time i took or gave a loan was at least 3-4 years ago...

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examplens
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April 13, 2021, 09:22:40 AM
 #5

but why crypto loans is expensive more than bank loan (What about, DeFi Lending replace bank , low rate bank still alive?)

loans price depends on risk assessment, so it is everywhere. For example, the same bank offers a different rate of interest depends on the country by the borrower, so it is with bitcoin.
You can find that is always a more favourable loan with valid collateral than without.

If you plan to take a loan, look to take it in the currency in which you have income. Don't borrow Bitcoin if your salary (from where you plan to return the loan) is in Dollar. Fast value changing can destroy your repayment plan.

What platform Lending recommend better than on this forum?

I have seen that the Nexo platform is often mentioned, I have no personal experience with them. maybe they just advertise well.

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fxsniper (OP)
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April 13, 2021, 09:25:09 AM
 #6

yeah, there are lenders here that are honest... Just look at their trust feedback before you deal with anybody.

As for the rates: i don't know why they are higher, but in general they are (at least, from what i've seen).

The collateral... well, VOD has written a nice piece about that: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902

Last but not least: yes, there are trustworthy escrows on the forum... Same rule applies as with the lenders: look at their trust feedback.

I'm not active in the loan community tough, so i can't answer to specific questions... I have no experience with Defi or other loan platforms, and the last time i took or gave a loan was at least 3-4 years ago...

Thank you for help answer and give more information

look may be can not possible for brick and mortar to online business, that ok I just looking for whatever it takes for loan business

How every compare with interesting calculate?
how much I must paid for 6 month
1 bitcoin, how much for interest in bitcoin?
or if fix 62,544.00 USD. price for now how to calculate interest

What about good way to transfer money across country?
loan bitcoin and transfer via SWIF across country?
or sent bitcoin to someone in country and get money transfer from them (paid fee service, I see some people open service sell and buy bitcoin on local ,if service available) may be better?

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April 13, 2021, 09:57:00 AM
 #7

How every compare with interesting calculate?

Check around lenders threads.

how much I must paid for 6 month

Depending on the interest.

1 bitcoin, how much for interest in bitcoin?
or if fix 62,544.00 USD. price for now how to calculate interest

The interest will always be on BTC, unless you make a deal for a fixed price and I really doubt that you can find any lender to agree with it.
So it's easy to calculate it. If you take 1BTC and the interest for 6 months is 9% per month without compounding, you will repay 1+ the interest = 1.54BTC
Doesn't matter what price BTC will have at the time of your repayment. You will repay the same BTC if the price goes to $500k or $10.

What about good way to transfer money across country?
loan bitcoin and transfer via SWIF across country?
or sent bitcoin to someone in country and get money transfer from them (paid fee service, I see some people open service sell and buy bitcoin on local ,if service available) may be better?

You probably missing something. You will not get a loan and repay it with fiat money but with BTC (or other major coins). So, how you will exchange them or move them or whatever, does not concern the lender.

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