goddyvips001 (OP)
Newbie
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Activity: 28
Merit: 0
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October 03, 2014, 03:49:44 PM |
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Hi I want to use escrow to lend or trade with someone.I don't know much about escrow.
For lending ,I want to earn some interest but as escrow service charge some fee than how I will earn some profit.I want to lend some small btc like 0.04 or0.06.
If u suggest me any active escrow service.
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Tammy Chan
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October 03, 2014, 04:02:08 PM |
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Hi I want to use escrow to lend or trade with someone.I don't know much about escrow.
For lending ,I want to earn some interest but as escrow service charge some fee than how I will earn some profit.I want to lend some small btc like 0.04 or0.06.
If u suggest me any active escrow service.
No one will borrow your bitcoin and ask you to send the bitcoin to the escrow's address, as that would mean the borrower won't be able to use the bitcoin at all. On the other hand, you may ask for some collateral from the borrower for the loan, and the borrower could ask the escrow to hold the collateral. Escrow lists: https://bitcointalk.org/index.php?topic=276897.0 or https://bitcointalk.org/index.php?topic=108716.0 |
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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October 03, 2014, 04:07:10 PM |
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Hi I want to use escrow to lend or trade with someone.I don't know much about escrow.
For lending ,I want to earn some interest but as escrow service charge some fee than how I will earn some profit.I want to lend some small btc like 0.04 or0.06.
If u suggest me any active escrow service.
No one will borrow your bitcoin and ask you to send the bitcoin to the escrow's address, as that would mean the borrower won't be able to use the bitcoin at all. On the other hand, you may ask for some collateral from the borrower for the loan, and the borrower could ask the escrow to hold the collateral. Escrow lists: https://bitcointalk.org/index.php?topic=276897.0 or https://bitcointalk.org/index.php?topic=108716.0Those two lists of escrow ( I think) are no more updated  |
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Tammy Chan
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October 03, 2014, 04:16:32 PM |
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Hi I want to use escrow to lend or trade with someone.I don't know much about escrow.
For lending ,I want to earn some interest but as escrow service charge some fee than how I will earn some profit.I want to lend some small btc like 0.04 or0.06.
If u suggest me any active escrow service.
No one will borrow your bitcoin and ask you to send the bitcoin to the escrow's address, as that would mean the borrower won't be able to use the bitcoin at all. On the other hand, you may ask for some collateral from the borrower for the loan, and the borrower could ask the escrow to hold the collateral. Escrow lists: https://bitcointalk.org/index.php?topic=276897.0 or https://bitcointalk.org/index.php?topic=108716.0Those two lists of escrow ( I think) are no more updated The former list was last updated in Aug 2014, while the latter one was last updated in July 2014. While the two lists are not very up to date (eg. John K was still ranked number 1), the lists still provide some good overview for escrows.  |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 03, 2014, 04:17:11 PM |
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Be careful on lending without collateral as mentioned. If you loan someone bitcoin it not something you can take back if they fail on their promises.
Popular forms of collateral a lot of times is alt coins. You do still take a risk they default but hopefully with the deposit you dont lose it all.
I also suggest reading scam board to get a idea of some situations you can avoid.
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tibor
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October 03, 2014, 06:08:18 PM |
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If you want escrow service the most active I've seen is
1. monbux
2. dabs
3. redsn0w
4. devthedev
5. escrow.ms
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odolvlobo
Legendary
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Activity: 4494
Merit: 3401
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October 03, 2014, 06:08:47 PM |
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Popular forms of collateral a lot of times is alt coins. You do still take a risk they default but hopefully with the deposit you dont lose it all.
Loans of BTC using alt coins as collateral seem odd to me. Instead of providing alt coins as collateral, couldn't the borrower just sell the alt coins for BTC? It only takes a few minutes. |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 03, 2014, 09:14:28 PM |
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Popular forms of collateral a lot of times is alt coins. You do still take a risk they default but hopefully with the deposit you dont lose it all.
Loans of BTC using alt coins as collateral seem odd to me. Instead of providing alt coins as collateral, couldn't the borrower just sell the alt coins for BTC? It only takes a few minutes. The reason is there is only so many virtual things you can trade of value. When someone uses alt coins they believe that coin will go up is why they don't lose profits. Loaning is hard if you read scams sadly when someone defaults its hard to get money. |
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HeroCat
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October 04, 2014, 09:57:17 AM |
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30% monthly profit PM if you have interest  |
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newflesh
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October 04, 2014, 12:11:05 PM |
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Hi I want to use escrow to lend or trade with someone.I don't know much about escrow.
For lending ,I want to earn some interest but as escrow service charge some fee than how I will earn some profit.I want to lend some small btc like 0.04 or0.06.
If u suggest me any active escrow service.
There are several members on here who escrow with no fees, you do need to be careful as there are lots of snakes on the lending sub. Would advise you have a long read of https://bitcointalk.org/index.php?board=83.0 to keep up to date on the latest scams. |
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Buziss
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October 05, 2014, 01:29:05 PM |
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30% monthly profit PM if you have interest 30% a month? So you have a way to multiply your bitcoin 23 times within a year? I highly doubt that...to the very least, it must involve a huge risk. |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 05, 2014, 07:08:23 PM |
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30% monthly profit PM if you have interest 30% a month? So you have a way to multiply your bitcoin 23 times within a year? I highly doubt that...to the very least, it must involve a huge risk. If he is loaning to high risk people i could see it possibly. But definitely is more of a payday loan rate, not a long term rate. |
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odolvlobo
Legendary
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Activity: 4494
Merit: 3401
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October 05, 2014, 09:45:56 PM |
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30% monthly profit PM if you have interest 30% a month? So you have a way to multiply your bitcoin 23 times within a year? I highly doubt that...to the very least, it must involve a huge risk. If he is loaning to high risk people i could see it possibly. But definitely is more of a payday loan rate, not a long term rate. High risk lending makes less than 10% (not 30%) because of the high default rate (that's why it is called "high risk"). 30% a month is a scam. |
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
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BunsenBurner
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October 06, 2014, 10:17:06 PM |
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30% monthly profit PM if you have interest 30% a month? So you have a way to multiply your bitcoin 23 times within a year? I highly doubt that...to the very least, it must involve a huge risk. If he is loaning to high risk people i could see it possibly. But definitely is more of a payday loan rate, not a long term rate. High risk lending makes less than 10% (not 30%) because of the high default rate (that's why it is called "high risk"). 30% a month is a scam. It is just like those HYIP offering 3% a day. There is no way you can get such a high return rate, and it is guaranteed to become a scam. |
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chogath
Newbie
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Activity: 54
Merit: 0
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October 06, 2014, 10:21:10 PM |
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theres always btc jam?
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malaimult
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October 06, 2014, 10:28:12 PM |
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careful with lending there are too many scammers. always check profile and history to see their rep, or if they had any bad reps.
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chogath
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Activity: 54
Merit: 0
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October 06, 2014, 10:41:02 PM |
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careful with lending there are too many scammers. always check profile and history to see their rep, or if they had any bad reps.
yes do not ignore rep. or you will be screwed. |
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BunsenBurner
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October 06, 2014, 11:03:08 PM |
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theres always btc jam?
According to on-site statistics https://btcjam.com/stats, it is not a good idea to lend your bitcoin to borrowers with grade C or below. |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 07, 2014, 12:01:19 AM |
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theres always btc jam?
According to on-site statistics https://btcjam.com/stats, it is not a good idea to lend your bitcoin to borrowers with grade C or below. Read scams even some good ones on btcjam default. With any loan is possibility to default. Never loan more then you can lose. I would not invest all your coins in loaning espically to one person. |
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Peter882
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October 08, 2014, 03:38:38 PM |
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theres always btc jam?
According to on-site statistics https://btcjam.com/stats, it is not a good idea to lend your bitcoin to borrowers with grade C or below. Read scams even some good ones on btcjam default. With any loan is possibility to default. Never loan more then you can lose. I would not invest all your coins in loaning espically to one person. Exactly. Don't risk more than you can lose, just like in gambling or trading. Diversify the risk by lending your bitcoin to a dozen of different persons. Be careful with people that try to build trust by making small loans and soon asking for much larger loans. |
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