Do you see? I also asked him for collateral. And yes i have to do this check. My insurance company wants me to do it. Otherwise i won't be able to request insurance if i get scammed.
You have an insurance company that guarantees your crypto loans? And they consider a $25 payment from the borrower enough to deem him "trustworthy?" More information about this insurance company, please.
Another question; who holds the collateral?