Quote from: m2017 on September 12, 2022, 05:05:23 PM

Quote from: Rigon on September 12, 2022, 02:55:49 PM

Quote from: ATSgrowth on June 25, 2020, 12:24:30 PM

Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to ~~borrow~~ lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?

Trusting people with cryptocurrency is very risky. There is nothing you can do if someone cheats on you.Because you don't know them and just trust them.But it can be borrowed if you know a person or team.Even then I think it is not right to give someone a loan in cryptocurrency.Because why be an enemy of people by giving your cash to people.It is better not to be an enemy than to be an enemy.

That's right, it's very risky and makes you helpless to influence the situation if you lend your cryptocurrency to someone. It is easy to give, but it is not easy to return what is given. I'm guessing you can lend cryptocurrency to people you know and trust, but it's best if you document the deal and the terms of the deal. Moreover, legally, so that there is an opportunity to influence the fulfillment of obligations.

The desire for more and more has no limits. OP, cryptocurrency so allow you to make a profit. Is this not enough for you? Well then, be prepared to bear double risks if you lend them.

Then I can only add, the one who lends cryptocurrency must be prepared for the risk that he can face here, especially if he does not know and anonymous the borrower. Just like the lenders here on the forum, they know the risk they can face with the majority of members here on the forum platform.

But even though they know the risk, they also have consequences for those who cannot fulfill the obligation of a borrower or borrower of cryptocurrency on time.