Quote from: Huppercase on November 18, 2024, 04:21:31 PM

Quote from: Chandu141 on November 18, 2024, 09:43:46 AM

Hi,

What are the What are Best Trusted Lending options other than Binance you have come across in the crypto world...

It's hard to trust any other exchange than a reputed old exchange like Binance but just wanted to know if there are any other alternatives if there are any that can be compared with binance.??

You trusted Binance but you don't give into other similar exchanges. If not that you tested Binance, how would you have know they are to be trusted. You just need to give other ones some change because I don't see any difference between Binance, Bybit, OKX and kucoin, they are the same company that offer the same service but just different cost of operation services, the fee Binance might charge you for lending money might be smaller than others.

In addition, if you fear centralized lending platform, why not go for decentralized platforms like compound finance and other ones, you don't need to trust anyone or fear of losing your money. It's a protocol with smart contract to do conditional terms. As long as you have what it takes to borrow and lend, you can do it on own your own without the effort of anyone but don't forget about liquidation if you are borrowing, it's highly risky.

I think Binance is best app to take lend because we can take loan easily by that app. I used many exchanges but I like to use Binance . But every person has different point of view and he will take decisions by his own mind. Kucoin is also good exchange and that is trusted exchange and millions of people are using that exchange for the loan purpose. We can use our assets to get loan and we can invest that money in safe coin which are present in the market for the years and we will get returns on that investment and then we can pay that loan easily which we took before.Loan taking can be dangerous if you have no knowledge of cryptocurrency and you have no knowledge of market because you can lose your money and you will be in trouble after losing that.