Lending money in terms of bitcoin and profiting with the varying rate of interest for the amount gives a stable earning. The same is highly risk involved as there is requirement of collateral for the same amount that's been provided. Here users provide valueless collateral causing us loss. So rather than lending better is to start trading.
Totally agree with you. This is not the best way to use bitcoins. There is a big risk of losing all assets. It is better to choose not such a risky way to earn bitcoins
I also agree with you. Yes lending money gives you earnings but also gives you doubt that is what you have lend be back to you? It's a very risky thing to do. Unlike trading bitcoins, less risky and you'll be sure that you'll earn because you'll also be the one to manage trading strategies you will use.
Yeah there is a great chance of scam as most of the lending sites are run by the people who are not revealing their identity and they may not be accessible at a time when it makes you to get your BTC back.
We dont have the guarantee of the other party weather it is going to give back or not. Also in lending you stick to a limited earning which is not good for long term.