Post
Topic
Board Announcements (Altcoins)
Re: 🚀🔥🚀[ANN][ICO 1]BITTO 6 IN 1 EXCHANGE -APP (COPY TRADE)POS v3.0|MLM|🚀🔥🚀
by
hungryforapples
on 01/03/2018, 15:41:34 UTC
I was reading about your exchange platform and ran into the part where traders can give kind of loans to each other, so I was interested is there some kind of minimal or maximal limit on how much can one trader lend from another?

Bitto is not giving loans, users are. So as long as it suits both users and they have at least some crypto to back up their deal, it will be fine. As for daily interest - again that's with the users to decide. If someone is desperate enough to borrow money for 18% daily interest, he will.

So borrowing then isn't such a good idea?

Borrowing is a great idea actually. If you have e.g. 0.1 BTC, after a month with borrowing you could have let's say - 0.4 BTC if you know to whom to borrow funds. And the best part is it's risk free because Bitto acts as a collateral meaning that youre completely covered.