what is collateral and how does it work?

[pooya87]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

[1715316349]

1715316349

[1715316349]

1715316349

[1715316349]

1715316349

[1715316349]

1715316349

[1715316349]

1715316349

[jorjito25]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

https://bitcointalk.org/index.php?topic=577765.0
its explain here!

Let us know if u have more questions

[pooya87]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

https://bitcointalk.org/index.php?topic=577765.0
its explain here!

Let us know if u have more questions

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

[jorjito25]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

https://bitcointalk.org/index.php?topic=577765.0
its explain here!

Let us know if u have more questions

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

That is right, and when u repay u get it back again.

[Muhammed Zakir]

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

You don't really want to use Escrow, if you trust the lender, you can give it to him/her.

   -MZ

[jorjito25]

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

You don't really want to use Escrow, if you trust the lender, you can give it to him/her.

   -MZ

Yes, that is the faster and cheapest way to do it.

[ndnh]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

https://bitcointalk.org/index.php?topic=577765.0
its explain here!

Let us know if u have more questions

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

Change the password before giving it.. You are aware of that, right?

Good stable Altcoins are another good collateral.

[pooya87]

i see people giving/asking for loans talk about collateral?
what are the things that are considered collateral

i only know of the bitcointalk account, and most importantly i want to know how does it work?

https://bitcointalk.org/index.php?topic=577765.0
its explain here!

Let us know if u have more questions

so for example if i want to get a loan and give my account here as collateral, i should give the Escrow my username and password right?

Change the password before giving it.. You are aware of that, right?

Good stable Altcoins are another good collateral.

yeah and that is a good thing to keep in mind

[Glucose]

Change the password before giving it.. You are aware of that, right?

Ahah Seems silly but it's clearly a good advice ^^

[Wendigo]

A collateral is basically an insurance that the lender will get his amount back in the event of the lendee defaulting. Which is a popular sport here on the forum