The risk of lending cryptocurrency is met with high rewards

[Tariq Shehzad]

This sounds quite fascinating no doubt. In any case, how obvious is these stages that guarantee to pay you interests for loaning out your well deserved cryptocurrency? They may to me be seeming like a hyip stages.

 

[zenith]

Honestly I cannot go into this kind of business.why would I go into this business when I can trade my bitcoin and make instant profit even more than what I would get in lending.the person can even run away with my bitcoin.

 

[Folaham]

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?

The content you dropped here is an eye opener for and more of a free tutorial as I am still learner the whole process. I learned through your post the possibility of lending out crypto for interest reward and also the risk of losing everything coin lend out should one come across or engaged with dubious persons.
Thanks for this piece

 

[idhans]

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?

Cryptocurrency lending is like something new in the crypto space because I have never seen it in the past years. It will be very interesting if we can lend our cryptocurrencies and earn some percentages. But the risk is higher because the person you are lending to may not be able to redeem your money back to you

 

[Prettybabe]

This lending websites sounds cool until they take your money and never pay you back. I won't go into this cryptocurrency lending. Do not have the risk appetite for it.......... That's just it.

 

[Setho]

The price of bitcoin as we all know is always growing and at a very good rate. A lot of experts sometimes borrow bitcoin to people and trade it to make very high profits then return the original bitcoin with profit. If you meet a trusted service, this might be a way of earning extra as it it better than just leaving the crypto there on your wallet.

 

[BrolySSJ]

The price of bitcoin as we all know is always growing and at a very good rate. A lot of experts sometimes borrow bitcoin to people and trade it to make very high profits then return the original bitcoin with profit. If you meet a trusted service, this might be a way of earning extra as it it better than just leaving the crypto there on your wallet.

The concern however with lending sites is that whilst they may seem to be legit at the time that you use them they can quickly become a scam as well. For example, one of the sites that offered this was freedogeon. This was a well known site that was around for the better part of a year and in so doing they earned a lot. They had a lending feature that helped them to earn interest for users that want to lend their money. However, without any warning the site shut down and users were not refunded and many had large investments in there.

 

[ronaldlorenzo01]

The question is how you can lend in crypto? Do this really exist. And what assurance you can get that the borrower can pay you? Do you need to any document for you to borrow, if there is something like this can you post it here the website. I'm very curious about it.

 

[Eodine]

I don't think that I have heard about crypto lending until now but after going through what you have stated I think this is an amazing way to make profit just that the risk can be high because as you have said, it may not be traceable.

 

[Dowenship]

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?

Actually its risky based on the platform. What of it vitality, for example, assuming I want to lend a trader some bitcoin and the value of bitcoin when lent was $50k if bitcoin drops to $45k is that not a lose.

 

[Shigobad2020]

You can start learning out crypto currency only to people you trust and people that has coletaral , thats only when you are save, you can met with danger and lose your crypto currency is care is not taken, the best thing to do is to mine your bitcoin and earn more.

 

[Dowenship]

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?

Hmm... If the borrower is unable to pay how will the lender gain his profit, this riskiness requires wisdom even you claim that its a great way to increase ones crypto which is held our not useful at the time.

 

[Mawome]

Bro let me ask you this question, can you lend someone you crypto currency let's Bitcoin, 1 Bitcoin to be precise? Just tell me the truth can you borrow some one you know Bitcoin? For me I can borrow lend out my local currency to some one in need but I don't think I can give out crypto currency.

 

[BrolySSJ]

Hmm... If the borrower is unable to pay how will the lender gain his profit, this riskiness requires wisdom even you claim that its a great way to increase ones crypto which is held our not useful at the time.

This is true. It is necessary for the borrower to be able to pay back the money that they have taken from you, but some of these companies actually have a means to pay the borrower through the collateral that is put down. That can serve as a good means in order to try and regain some of the funds that you lent out.

 

[IamDozzy]

As someone new to cryptocurrency, I am just hearing about cryptocurrency lending for the first time. Is it safe? and is payment guaranteed after the agreed lending time has elapsed.

 

[Chibson]

I think I have come across something like this on binance platform, but I didn't really understand what it really meant. It is definitely for people who has a lot of cryptocurrencies they aren't making use of.

 

[Kelly5]

Lending your money to this trusted platforms you claim exists is like putting the known stuff we've all been trying to run away from in a different way. HYIP investments are really something we should be careful about because they come in different formats now

 

[BrolySSJ]

Lending your money to this trusted platforms you claim exists is like putting the known stuff we've all been trying to run away from in a different way. HYIP investments are really something we should be careful about because they come in different formats now

The risk when it comes to lending your cryptocurrency is very high, especially because there is no way to track cryptocurrency and their actions and therefore there's no form of security that the amount which you have lent out will be paid back to you.

 

[Ayokex]

In as much as this sounds good, the risk involved my outweigh the benefit. It is very hard and risky to entrust your money either fiat or cryptocurrency to just any online agency which is not traceable. The platform can disappear at any moment, where do where to look for it?

 

[BrolySSJ]

In as much as this sounds good, the risk involved my outweigh the benefit. It is very hard and risky to entrust your money either fiat or cryptocurrency to just any online agency which is not traceable. The platform can disappear at any moment, where do where to look for it?

I definitely agree with you. There are many websites that have actually closed down after offering these lending services and those that have their cryptocurrency coins in that site made massive losses. There's no way to tell when one of these websites will actually close down. And I think that to a large extent it can be likened to a Ponzi scheme.