Bitcoin Forum
November 15, 2024, 11:15:44 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What are the best reliable bitcoin exchange loan platforms?
What are the best bitcoin exchange loan platforms? - 0 (0%)
What are the names best bitcoin exchange loan platforms? - 1 (100%)
Total Voters: 1

Pages: « 1 [2]  All
  Print  
Author Topic: Best Reliable Bitcoin Exchange Loan Platforms.  (Read 252 times)
Husires
Legendary
*
Offline Offline

Activity: 1596
Merit: 1288


View Profile WWW
August 31, 2023, 05:13:36 AM
 #21

I can provide you with a list of some well-known and reputable cryptocurrency loan platforms.


reputable cryptocurrency loan platforms, are you kidding me?

BlockFi : filed for Chapter 11 bankruptcy.
Celsius Network : filed for Chapter 11 bankruptcy.
Nexo: The insurance amount for all deposits is up to $775 million. If something happens, you may not get anything from it.
Crypto.com:One of the platforms expected to go bankrupt.

In 2022, BlockFi became one of several companies that sought Chapter 11 bankruptcy protection in the U.S., along with FTX, Celsius Network and Voyager Digital. In November 2022,

The higher the interest rates, the more difficult it becomes for these platforms to access liquidity, and thus the more difficult it is for them to fulfill their pledges. Consequently, they either decide to reduce the return on investment or decide to close the deposits and flee with the capital.

If they decide to reduce the return means less liquidity and difficulty in fulfilling its obligations, which means stealing depositors’ money.
Fivestar4everMVP
Legendary
*
Offline Offline

Activity: 2450
Merit: 1085


Leading Crypto Sports Betting & Casino Platform


View Profile
August 31, 2023, 05:42:51 AM
 #22

Borrowing bitcoins from exchange is required a good collateral which I believe depends on how much bitcoin you are borrowing, you can as well sell the shitcoins you would have used for the collateral, and then use the money to buy bitcoin for whatever you need the Bitcoin for.

As for exchanges that Grant bitcoin loans, several of them have gone bankrupt, and even those that are still functioning are expected to also go bankrupt in a matter of time, if you want to invest in Bitcoin or into trading, please avoid borrowing, but if you must borrow, then look for family or Friends who can give you enough time to pay back and borrow from them, do not borrow from crypto exchanges, it is very risky, the fact that you can't even borrow without a tangible collateral and other forms of documentation is already a drawback on its own.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
savetheFORUM
Full Member
***
Offline Offline

Activity: 1162
Merit: 140


View Profile
August 31, 2023, 09:53:40 AM
 #23

l have been in bitcoin for a while now, buying and selling bitcoin. l have seen the pros and cons about bitcoin investment, and with my experience, l discovered that with careful thought, and attention, one will be making reasonable gain, sometimes small, and sometimes big. l have also heard about someone getting loan for bitcoin investment in some bitcoin exchange, but l don't know of any bitcoin exchange that is reliable, that can grant loan with reasonable interest rate. Can anyone assist to tell me the best reliable bitcoin exchange, that can grant loan with reasonable interest rate?
If you have been around for some time, you should have already learned that you are not supposed to take loans and invest in cryptocurrencies because there are no guaranteed profits or even if you are confident that you will surely get profit from an investment, you can't really be sure as to when that will happen because the market is highly unpredictable and your investment might not give you the desired results within your desired timeframe.

And, when you don't get your investment in profit within the desired period, you might start facing issues since you will be paying interest and the loan will default which will keep increasing the interest and you can't even sell your assets since they won't yet be in profit, so you'll get stuck in the middle.
tbct_mt2
Hero Member
*****
Offline Offline

Activity: 2464
Merit: 862



View Profile
August 31, 2023, 03:25:04 PM
 #24

Nexo: The insurance amount for all deposits is up to $775 million. If something happens, you may not get anything from it.
Crypto.com:One of the platforms expected to go bankrupt.
Not only them but all lending platforms are risky to put your cryptocurrency on it. It is more risky than centralized exchanges as lending platforms will have to get money from users, circulate it around or use it somewhere to get interest and use part of interest to pay their users with their high promised APYs.

If they don't get more money from current and new users, their cash flow is broken and will face with crash. Their crash can be triggered by collapses of other platforms where they deposit user money to get interest. It is a risky cycle among lending platforms and we see how Terra, FTX crashes affected Three Arrows Capital, Celsius, BlockFi, Voyagers ...

Three Arrows Capital hit by Terra
BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments
Behind Voyagers' fall


 
 RAZED  
███████▄▄▄████▄▄▄▄
████▄███████████████
██▄██████▀▀████▀▀█████▄
████
██████████████
▄████████▄████████████▄
████████▀███████████▄
██████████████▐█▄█▀████████
▀████████████▌▐█▀██████████
▀███████████▌▀████████████
█████████▄▄▄
█████▄▄██████
████████████████████████
█████▀█████████████████▀
██████████████
▄▄███████▄▄
▄███████████████
▄███████████████████▄
█████████████████████▄
▄███████████████████████▄
████████████████████████
█████████████████████████
██████████████████████
▀█████
█████████████████▀
▀█
████████████████████▀
▀█████
█████████████
▀███████████████▀
█████████
 
RAZED ORIGINALS
SLOTS & LIVE CASINO
SPORTSBOOK
|
 NO 
KYC
 
 RAZE THE LIMITS   PLAY NOW 
adaseb
Legendary
*
Offline Offline

Activity: 3878
Merit: 1733


View Profile
September 01, 2023, 04:07:11 AM
 #25

I think all these lending platforms going bust it all boils down to Grayscale and their GBTC trust. From those that don’t know, this trust usually traded at a premium. So you could buy spot bitcoin, and hedge with shorting GBTC and after 6 months your shares would unlock and you could close the trade and profit off the difference.

3AC borrowed BTC from Genesis which borrowed from Gemini. They locked up these BTC at grayscale and were going to profit off the difference however the premium disappeared and they were in trouble and this lead to their collapse and dozens of others.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!