Post
Topic
Board Lending
Re: Need 10 BTC - 10% - with escrow
by
josephdd1
on 10/03/2017, 22:45:58 UTC
Quote
Correct me if im wrong but poloniex have very strict policies about giving an account to someone, or even changing the information. Giving the account to an escrow is not enough because the lender could still be at a loss. Plus, if the account itself is collateral, why would anyone lend you 10btc and how would they get their money back in the event of default?

I'm not sure about these policies, but i can read about..

About the loss..i don't think will have any losses..because when you put more money as a collateral, you can buy more XMR for a example..and then close the position..and have the money back..

is important to be clear and directly .. my intention is to reduce the losses, I consider that it is better to pay someone to do this (10% for a minutes lend) than to lose all to poloniex  ...

Sorry but i really don't understand what do you propose.
An escrow that you will give your password and username on Polo, take 8BTC (collateral needs to worth at least the 120% of your loan amount) and return 11BTC to the lender.
And why don't you liquided your account and take the 10 that you want?

Btw to have someone the full control on Polo account you must disable 2FA, change mail and take off all the security measures for withdrawing.
Don't forget that Polo, also track IP's... Roll Eyes