Is a domain considered as collateral?

[Mitch212]

Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

[shasan]

Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

Domain cant be a valid collateral if that is not for a running business as that might be value of 10$ while at the time of lending it can be seem as 1000$ or more. Beside altcoin, physical coin and valuable materials (watch, gold etc) can be considered as collateral.

[DireWolfM14]

Hello guys,

I hope everyone is having a good day, i want to ask is a domain considered a collateral? And what else is considered a collateral beside alt coins

Thank you

Generally speaking, no, but it really depends on the lender.  It's nearly impossible to put a value on most of the domains out there, but if you were to offer (for example) "yahoo.com" as collateral, I assume someone would accept it.  The other issue you're going to run into is that the lender wants assurance that the domain cannot be retrieved by the borrower through social engineering.  The only way to do that is by transferring ownership.  Unless you're willing to transfer ownership of the domain to the lender (or an escrow agent) and incur the costs of transferring to and from the lender, then not even "yahoo.com" would be considered as valid collateral.

[jackg]

Domains can be used as collateral if the lender considers them valuable enough. At that point you might then have to set additional terms for what happens if you're unable to pay the loan on time, is the lender able to use the domain straight away or should additional time be given (this could be discussed afterwards but the lender might be more likely to reject the offer or put an imeddiate auction up for the domain so you have to try to outbid other people wanting to buy the domain).

[Mitch212]

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

[NeuroticFish]

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

There's this post about what is considered valid collateral. It's not too long and will give you an idea.

If that domain can be recovered by you in any way - by email, by proving your identity, name it, it's not valid collateral.
Even more, if the possible lender thinks that you may be able to recover the domain, he's "gone".

If that domain is not valuable enough (the domain, not the underlying platform that can be moved anywhere else), again, it's not a valid collateral.


I hope it's clearer.

[Mitch212]

There's this post about what is considered valid collateral. It's not too long and will give you an idea.

If that domain can be recovered by you in any way - by email, by proving your identity, name it, it's not valid collateral.
Even more, if the possible lender thinks that you may be able to recover the domain, he's "gone".

If that domain is not valuable enough (the domain, not the underlying platform that can be moved anywhere else), again, it's not a valid collateral.


I hope it's clearer.

I'll be transferring ownership until the amount is paid, there is no way I can recover it if I transfer ownership because I have to input my 2FA and a lot of securities

[DireWolfM14]

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

I'm not sure how much that domain is worth, but if it's a profitable business, you may find a lender willing to help.  If I were to issue the loan I would want the ownership of the domain transferred to me, and all expenses for the transfer payed by you. 

How much of a loan are you looking for, how long before you plan to pay it back, and what interest rate are you offering to pay the lender?

[Mitch212]

I'm not sure how much that domain is worth, but if it's a profitable business, you may find a lender willing to help.  If I were to issue the loan I would want the ownership of the domain transferred to me, and all expenses for the transfer payed by you. 

How much of a loan are you looking for, how long before you plan to pay it back, and what interest rate are you offering to pay the lender?

I'll cover everything and I'll transfer ownership, I'm looking for 0.05 BTC for 1 month maximum and with 10-15% interest rate

[DireWolfM14]

I'll cover everything and I'll transfer ownership, I'm looking for 0.05 BTC for 1 month maximum and with 10-15% interest rate

How much income does your website generate, and can you prove it?

[Mitch212]

How much income does your website generate, and can you prove it?

Well between 50 to 250 a day it depends, site still early and yes i can prove it i can share website stats either here or we can in private such as discord/telegram

And we have a good engagement on twitter

[jackg]

so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?

Who is the domain actually hosted with (which registrar/company)?

Would you expect to be collateralising the entire business when the request is fulfilled by someone as that's likely what they'll be expecting.

[Mitch212]

Who is the domain actually hosted with (which registrar/company)?

Would you expect to be collateralising the entire business when the request is fulfilled by someone as that's likely what they'll be expecting.

Its registered on namecheap, could you please elaborate more on collateralising the entire business? Like give him access to the admin panel or give him the files

[Mitch212]

Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.

[alterra57]

Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.

How much are you looking to get? As in how much money are you looking for?

[Mitch212]

How much are you looking to get? As in how much money are you looking for?

I'm looking around 1000 USDT

[DireWolfM14]

Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.

I think the collateral example you offered is valid.  As long as the actual domain you provide is as viable you may find a lender willing to work with you.  However, I'm not interested.  It sounds like it'll be a lot of trouble to transfer ownership, and I would end up doxing myself to secure the collateral.  The risk/reward ratio isn't to my liking, so I'll have to pass.

One thing I suggest; if you accept a loan from a newer member use an Escrow agent to hold the collateral.  Of course that may be difficult for the same reasons I don't want to hold the collateral, i.e. doxing one's self.

[Mitch212]

I think the collateral example you offered is valid.  As long as the actual domain you provide is as viable you may find a lender willing to work with you.  However, I'm not interested.  It sounds like it'll be a lot of trouble to transfer ownership, and I would end up doxing myself to secure the collateral.  The risk/reward ratio isn't to my liking, so I'll have to pass.

One thing I suggest; if you accept a loan from a newer member use an Escrow agent to hold the collateral.  Of course that may be difficult for the same reasons I don't want to hold the collateral, i.e. doxing one's self.

I appreciate it DireWolf, i hope i find someone to work with,
As for the transfer part it only takes 5 mins from my end but ill be doxxed too, again I appreciate you for helping and guiding me

[DireWolfM14]

As for the transfer part it only takes 5 mins from my end but ill be doxxed too

Since the doxing thing is going to happen anyway, you may want post your request on Reddit's r/borrow board.  Honestly I've never used it, but since most folks there are using PayPal you may not need collateral at all.

Anyway, best of luck.

[DaveF]

Keep in mind there can be a 60 day hold on domains when transferred: https://www.icann.org/resources/pages/name-holder-faqs-2017-10-10-en
It's up to the individual registrar. So if you do send your domain to someone even after you pay them back they may be unable to send it back to you for a period of time.
Also, if they are paranoid and take it off of namecheap to a registrar that they use most registrars will charge them for an additional year of registration and when you take it back you will have to pay too.

Minor in the scheme of things but worth a mention. As the saying goes, been there - done that - got the t-shirt.

-Dave