We offer a Repo transaction / Secured loan, which is a way to short sell Bitcoins. It is a simple loan of BTC in return of collateral (we accept USD and EUR as collateral through
Ripple and USD through
Coinbase). Short selling makes it possible to earn on price falls or hedge against them.
The transaction consists of the following steps:
- Now: we send BTC to your wallet, you send us the collateral through Ripple.
- After loan duration: we send you back the original amount of the collateral through Ripple, you send back the original amount of BTC + fee to our wallet.
You may lend between 0.05 and 1 BTC, duration may be between 3 and 14 days, the fee is 0.5% pw. For details please visit our
products page.
We trade on freenode IRC
#bitcoin-otc, under the name:
numerisTrade, relying on
Web of Trust. You may also contact us via e-mail or PM. Find out more at
numerisTrade.blogspot.comFell free to ask any questions.
--Numeris Trade