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Author Topic: Best escrow option?  (Read 343 times)
SureLockLoans
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January 16, 2015, 06:54:05 PM
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I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

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January 16, 2015, 07:50:45 PM
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I am doing a small research on the topic, I am interested in your requirements. Do you mind if I ask a couple of simple questions:

1)What do you mean by reasonable escrow fee, for example would 1% suit you as a lender? There could be another 1% fee for the borrower(splitting the fee 50/50)
I think the fee shall be split as both the lender and the borrower are putting money on the table(loan,collateral). Do you think this is fair?

2)How would you tolerate different collateral amounts? For example, an industry standard for secured loans is to get a loan equal to 50% of the collateral.
In the crypto space though collaterals are quite volatile in price. How would you rate different collaterals, for example:

Collateral , Loan as % of Collateral Value

LTC          80%
NMC         70%
DOGE       65%

Does it make sense?

I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.
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January 16, 2015, 08:37:14 PM
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i'd Say Doge even better than LTC because LTC is not so stable If im wrong, Sorry Smiley But Read the post '''What Is a Valid Colleteral'''

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January 16, 2015, 08:41:02 PM
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Generally speaking when receiving established alt coins you should receive at least 120% worth of the altcoin of the total loan amount

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January 16, 2015, 08:47:05 PM
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I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

You have a list of trusted escrows in https://bitcointalk.org/index.php?topic=108716.0
It's maintained by squall1066 and was updated recently.

SureLockLoans
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January 16, 2015, 11:51:33 PM
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I'm going to be diving into the lending business and want to know who offers escrow and will be able to hold collateral? I'm going to be offering loans up to 15BTC to people if collateral is provived, but instead of myself holdiing that collateral I want to find a suitable escrow with low enough fees to hold it for me to provide the trust platform that is needed in this section.

You have a list of trusted escrows in https://bitcointalk.org/index.php?topic=108716.0
It's maintained by squall1066 and was updated recently.

thx for that list! this is what im looking for!

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