Quote from: Katsou on June 17, 2015, 08:30:29 PM

Quote from: lawbestt on June 17, 2015, 08:16:21 PM

Quote from: Katsou on June 17, 2015, 07:48:43 PM

Quote from: cortexx066 on June 17, 2015, 07:43:26 PM

what is collateral? would 6 steam game keys be classed as collateral?

collateral is something that the lender can sell for 120% (ish) of your loan amount. on your case it's 0.144BTC.

and you can't use steam keys as a collateral... you know those keys, you can easily use them.

btw, read this sticky about collateral and you'll see what is a valid collateral and what is not.

I also noticed that domain name can also be used as collateral right? (What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC). Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.)

That is correct.

anyway, if you have questions feel free to PM me. it feels kinda wrong discussing this on someone's loan thread Tongue

OK. Thanks bro, will message you ASAP