I am all new to this sending business but I would like to start it very seriously.
I have 7.2 BTC invested untill the btc price will go up.
For the moment I would like to start lending it so I can help others while I also earn a bit.
I know there are some rules as collaterals and more.
Can someone guide me through it ?
Thank you.
No rules just make sure you are secure enough while you give anyone a loan, either by taking his collateral or at least he risks his reputation which is worth more than what he might scam.
You have to also becareful as to whether the account holder actually cares if his account is hurt by not paying the loan back. If someone is desperate to sell their account, they could sell it cheap and a scammer may pick it up thinking they are going to use the good account history for a loan and then default. So alway look at the posts and history. If you see anything that just does not seem right, say now. Always better to be safe than out your BTC. I seen you have another thread stating the same. You might want to lock one of them and just use the other, for there is no need for two on the same forum heading.