It seems easy but then again it seems like it is too good to be true. First off why wouldn't everbody be doing this if the ROI is close to 40%? And second how many people get accepted at that $27.50 rate because I know there are tons of people wanting these loans can't imagine everybody will get this flip opportunity. Again seems easy but I would think there are a few more steps to it than the 5 you listed.
Unless you are money laundering the KYC check should be easily passed. The thin is that you need to have collateral in BTC to do this so not just anybody can do this. Like with most things, those who hesitate for too long miss out. I just wanted to give back for all the lurking I did over the years.