Post
Topic
Board Lending
Re: I have some bitcoin that I am looking to lend to friends, what interest to ask?
by
jonsi
on 05/02/2021, 20:44:32 UTC

 Hi,

  I have some bitcoin that I am looking to lend to friends, and they offered to pay a bit more in return.

  I am not a loan shark and I do not want to get more that what is usual, and I am not a stupid either to do it for free, so some small interest as return sounds ok.

  The question is, what is to be considered a fair interest per month? for bitcoin?

  I belive the bitcoin value will increase in time, but it might also decrease. So I will lend btc and get back btc. If it increases or it decreses is my risk, I just get back the amount in btc plus some small interest.

  What interest do you think is fair?

If you want to lend btc one option is to use bitfinex. The interest is payed daily. You can get a lot of info about them just by google it but if you have any specific questions, shoot me a PM and I'm glad to assist you. I'm using them for over 8 years now. They were hacked at one point but they have compensated all the customers.