The risk of lending cryptocurrency is met with high rewards

[BrolySSJ]

One of the ways in which you can earn cryptocurrency is through lending out the crypto that you may already have at an interest rate. In fact there are some sites that offer you around 18% per month on your investment to lend your cryptocurrency to other users.

This seems like a very good way to earn, and it is possible to increase yoru investment drastically through the use of this method. However, let us consider something when it comes to lending. Generally in lending you have a collateral and so forth, however when it comes to crypto lending there is a lack of traceability and therefore if you do not use the correct platform to lend you crypto or if you lend it to someone that is not reliable then you may end up losing yoru funds.

Therefore, whilst this can be a great way to increase your crypto that you are holding and not using at that time, it can also be a very risky way to earn. What are your past experiences on lending crypto at an interest rate?

 

[Kelly5]

One of the ways in which you can earn cryptocurrency is through lending out the crypto that you may already have at an interest rate. In fact there are some sites that offer you around 18% per month on your investment to lend your cryptocurrency to other users.

This seems like a very good way to earn, and it is possible to increase yoru investment drastically through the use of this method. However, let us consider something when it comes to lending. Generally in lending you have a collateral and so forth, however when it comes to crypto lending there is a lack of traceability and therefore if you do not use the correct platform to lend you crypto or if you lend it to someone that is not reliable then you may end up losing yoru funds.

Therefore, whilst this can be a great way to increase your crypto that you are holding and not using at that time, it can also be a very risky way to earn. What are your past experiences on lending crypto at an interest rate?

This sounds nice and interesting to say the least. But how true is these platforms that claim to pay you interests for lending out your hard earned cryptocurrency? They might to me be sounding like a hyip platforms.

 

[Yewande]

This sounds nice and interesting to say the least. But how true is these platforms that claim to pay you interests for lending out your hard earned cryptocurrency? They might to me be sounding like a hyip platforms.

I was about saying the same thing. I have a cryptocurrency platform that over something like this but the interested was not even up to 2%. I believe offering 18% should signal a red flag.

 

[BrolySSJ]

This sounds nice and interesting to say the least. But how true is these platforms that claim to pay you interests for lending out your hard earned cryptocurrency? They might to me be sounding like a hyip platforms.

There is actually one site that I have been using for around a year now where you can get either 2% a week or 18% a month depending on the time that you specify to lend out your crypto. It works in a very similar way to a fixed deposit and has been quite reliable from my use of it. It is known as freedogeon.

 

[Ltherman]

Crypto lending is one of the ways of making money in Defi which is one of the crazy ways of making money now in the crypto space. Try some trustworthy platforms like Binance and some other exchange where lending is done, at least you can have peace of mind.

 

[BrolySSJ]

Crypto lending is one of the ways of making money in Defi which is one of the crazy ways of making money now in the crypto space. Try some trustworthy platforms like Binance and some other exchange where lending is done, at least you can have peace of mind.

What type of interest rates do you get from the binance platform? It is best to use a reliable platform and one that has been around for quite some time to ensure that they take the correct measures to get you your money back if there is a case where the person is unable to pay back the loan. Generally what will happen is that you may not get the entire loan back however you will get a part of the collateral.

 

[Trojan8]

In my opinion, instead of lending out crypto. I feel it's better that one focus on using that crypto to trade instead. Lending any form of money comes with a lot of risk, it's even better if you hold the coin yourself. At least in this case, you can always count on increment from price changes and all that.

 

[Royalty]

Critics warn the technology could be the next overblown bubble of the crypto world, akin to initial coin offerings (ICOs), with inexperienced investors at particular risk. In 2017, billions of dollars poured into ICOs, where companies raised capital by issuing new virtual coins. Most projects failed to gain traction, and many investors lost their money.

 

[cherokee]

There is actually one site that I have been using for around a year now where you can get either 2% a week or 18% a month depending on the time that you specify to lend out your crypto. It works in a very similar way to a fixed deposit and has been quite reliable from my use of it. It is known as freedogeon.

Be very careful with Freedogeon it turned out to be Scam, it has stopped paying and keeps the investment and the profits, whoever asks for it I can give feedback with supports.

 

[zenith]

I have even tried some lending websites like that but I did not get anything because I could not meet their conditions.it's a good investment anyway but the risk there is what you mentioned.someone can runaway with you cryptocurrency and you can't trace him.

 

[Hasan Raza]

As I would like to think, rather than loaning out crypto. I feel it's better that one spotlight on utilizing that crypto to exchange all things considered. Loaning any type of cash accompanies a ton of danger, it's far superior on the off chance that you hold the coin yourself. In any event for this situation, you can generally rely on augmentation from value changes what not

 

[BrolySSJ]

Be very careful with Freedogeon it turned out to be Scam, it has stopped paying and keeps the investment and the profits, whoever asks for it I can give feedback with supports.

I actually saw something of this nature yesterday on the BMF forum. There has been many complaints that people are unable to get in touch with the administrators and the moderators for that site in order to claim their rewards and process their withdrawals as well. There was a point last year where the site was quite reliable however it seems that this has changed. Have you tried to make a withdrawal from there recently?

 

[Ralphjoe]

This is the first time that I am hearing about cryptocurrencies lending platform, I never knew that such a thing exist. This will be a very nice initiative that will require alot of regulations to make it more secured and safe to use.

 

[Veetos12]

One of the ways in which you can earn cryptocurrency is through lending out the crypto that you may already have at an interest rate. In fact there are some sites that offer you around 18% per month on your investment to lend your cryptocurrency to other users.

This seems like a very good way to earn, and it is possible to increase yoru investment drastically through the use of this method. However, let us consider something when it comes to lending. Generally in lending you have a collateral and so forth, however when it comes to crypto lending there is a lack of traceability and therefore if you do not use the correct platform to lend you crypto or if you lend it to someone that is not reliable then you may end up losing yoru funds.

Therefore, whilst this can be a great way to increase your crypto that you are holding and not using at that time, it can also be a very risky way to earn. What are your past experiences on lending crypto at an interest rate?

Like seriously this is the first time I would be hearing something like lending out your crytocurrency to people. Well, i don't think lending out is a good idea since the money can be used to invest and earn massively on it

 

[Muhammadawais]

The risks of trading cryptocurrencies are mainly related to its volatility. They are based on high risk and speculation, and it is important that you understand the risks before you start trading. They are volatile: Unexpected changes in market sentiment can lead to rapid and sudden price movements.

 

[Janita]

It's good to know before reading that there will be a step to take risk before knowing anything that what will be the steps in the currencies buying you should not join it without knowing my point of you is that if you want to invest in coins so the best option is to save it and keep it with yourself in this way you can easily recognised at any time and you can even counted and in that way you will be freely and easy mind relax that you can habit and you will be relax about this.

 

[Mahnoor]

In short, crypto lending is an alternative investment form, where investors lend fiat money or cryptocurrencies to other borrowers in exchange for interest payments. So there'd be two main parties involved in this loan. ... The borrower, who will deposit crypto-assets as collateral to secure the investor's investment.

 

[AGUII]

always is problem treat with cryptos

 

[Chumzy]

I don't think it is so smart to lend out crypto currencies and then. Moist times when you lend to people getting them back is another problem. I advice anyone to trade with their coins or hold your coins for them to appreciate in value.

 

[Ehizzy1]

Yeah i think you are right on this actually because the price of crypto currency is really volatile and the person would be tired of paying ,when the price of the crypto currency continues to increase to a higher amount i think , but when the price decreases the person that borrowed the loan gains