Dear Members
Please, I want to understand something...
I want to take a loan but i can send mobile phone as collateral
For example, a mobile phone equal 800$ had a loan of $ 500
And this phone is collateral
Is this a good collateral or what?
Note that I can not do more than that
Please help me
if yes okay
if no , how i can buy bitcoin with mobile phones??
Yes a mobile phone is fairly decent collateral, I'd probably go for it. The lender would probably check the IMEI and appraise it's true second hand worth but if you've got like the latest iPhone or something I imagine that would work.