My Bank offers me loans at 3% ( per year ), which is very cheap and nice , but I was wondering whether it is possible to get a loan using existing collateral without having to go to my Bank ???
I have $12,500 collateral in Btc and am looking for $10,000, without having to sell them .
Of course I expect to pay more than at my Bank haha.
But,this way I can have my coin and risk it, with the sure knowledge that if I fail I will simply have to pay the loan back.
I take the risk of price fluctuations, the lender earns a safe rate of return, and I grow my trading account faster.
I do not NEED the loan you understand, just wondering whether anyone is doing this ?
If so I would be looking to repay in one year.
Please feel free to contact me by email - donbrun@mail.com - serious offers only please.
Thanks.
Brundon