Re: Cryptocurrency lending business.

I am not comfortable with lending programs, as we have seen many times that scam ratio is too high. I prefer Forex trading, which is where you dont have such risk to face, at least if you are with regulated broker like I am with FreshForex. I am not saying this is guaranteed profit thing, but scam is not a problem here.

Lending with cryptos is one of the high profitable investment when we can make a trusted website for that,but still it is not created yet.

But this is one of the must have business if the crypto currency becomes future of currency and most preferrable payment method to kill the traditional bank loans.

I think it's still a high risk, in any online world can be manipulated including identity data. yeah this business is indeed profitable and tempting. but you have to tighten the approval process in lending, try to provide a more expensive collateral

No investment is totally safe or risk free specially with lending business.This is very profitable but if you do able to handle the risk and manage this business carefully.If you even just handle or lend 3-4 people for monthly lend basis then it is already a good start up but you do always remember that asking for valid collateral is a must so that incase someone do scam or didn't pay you out you do still have the chance to pull out some amounts on the capital.

The more borrowers of course the greater the profit you might get, but the risk will be much greater. yeah you need to manage it well, if there are many borrowers make sure you have employees to monitor and verify them. yeah thats why, collateral is important