I'm interested in lending out my Bitcoin. I want to understand the process, the platforms or methods available for this, and any risks I should be aware of. Can someone explain how to lend Bitcoin?
Once a loan is approved, the borrower receives the requested bitcoin and agrees to repay the loan along with interest within the agreed timeframe.
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BonsaiGraceThu Nov 28 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of both lenders and borrowers in the Bitcoin lending market. Its services encompass spot trading, futures trading, and a secure wallet solution.
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MicheleThu Nov 28 2024
Bitcoin lending operates through a specialized platform designed to facilitate transactions between lenders and borrowers.
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CryptoBaronessThu Nov 28 2024
On this platform, lenders contribute their bitcoin holdings to a collective pool of funds.
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TommasoThu Nov 28 2024
Borrowers, on the other hand, submit requests for loans from this pool, specifying the amount they need and the duration for which they require the funds.