Post
Topic
Board Lending
Re: Looking for 1 BTC Loan
by
Joel_Jantsen
on 18/05/2016, 17:13:52 UTC
OKAY, I will offer my samsung galaxy s5 as colateral!

That is not a valid collateral for the amount you're requesting.Galaxy S5 used should be not more than 0.40BTC ,if its new and in excellent condition maybe 0.50BTC.According to the collateral rule,your asset must be 120% higher in value than the requested amount.You will get a loan of 0.25 with S5 as collateral.But again shipping of the phone and everything takes time.