Quote from: Kupid002 on January 03, 2020, 04:14:00 AM

Quote from: smyslov on January 03, 2020, 12:46:40 AM

Quote from: jerry0 on October 11, 2019, 07:52:20 PM

Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?

I heard binance is doing something similar like that but it was like 10%?

Too risky in my opinion if they offer a very high interest, then it could fall into something like an HYIP, and there's also a risk of the site running away with your Bitcoin, we have a lending section here you can offer to lend people but only trusted people with collateral, your Bitcoin will grow so why give it to others just kept it in your wallet.

And another thing is what if the value of bitcoin decrease so what will happen to your money it will also decrease its value. He can use fiat instead bitcoin if you want he want to lend money. If he is prefer to lose the value of what he want to lend then he can continue.

It is possible today that you can earn more money with the use of interest because now many website or other platforms that support the of cryptocurrency advertise their users to try to invest in their business because some of them are offering for over ten percent interest from different coins but still it takes a month to earn your interest or profit. Still, even this kind of technique may help to improve the coins do we have.