Bitcoin payday loans, strictly speaking, where a person can borrow bitcoin against the promise of a cleared paycheck, do not exist as of yet. However, there are popular bitcoin lending services for those interested in borrowing or lending bitcoin. On this page, there are some popular advice about lending, investing and about alternatives to bitcoin payday loans.
The most sought after places you can lend bitcoins out are Bitfinex and Poliniex, and you can borrow bitcoin from NEBEUS.COM, BITBOND.COM, GETLINE.IN and BTCPOP.CO. Alternatives that are viable include finding loans with friends (and getting these notarized), and if you don't want a loan at all try venture capital backed startup programs which are popular these days.
- Read more information online, including videos on youtube! You must know what bitcoin, bitcoin loans and all of the basics.
Any starter information package works. Do not get into complex stuff, such as option trading and others. - Get your bitcoin wallet. This comes standard when you open your account on an exchange. With more experience, you can get your own private "hardware" wallet.
- Open accounts on Bitbond, Nebeus, BTCPOP and others, but before you do read the information contained in this article.
Bitcoin Payday Loans: how to get one
There are many resources for Bitcoin loans online. Many wonderful, honest people offer these Bitcoin loans and provide several reviews of services available to all bitcoin users.
- First, read the information in this article which outlines the practice, learning time table, risks and offers several other resources on the matter.
- Second, watch videos on youtube detailing how to get started with cryptocurrency margin trading.
- Third, get accounts on Bitfinex and Poloniex so you can try both and see what works best for you.
- Start carefully because these systems are complicated and take a while to get used to. Once you are familiar with its operations if will be easier.
- Get familiar with Coinmarketcap.com
Bitcoin Payday Loans: Lending Bitcoin
If you are experienced crypto markets investor, you may still not be familiar with the world of bitcoin lending which in practice is margin trading for crypto currencies.
- Do not listen to others. Do your own research and live with the losses you choose to live with. In other words, only invest what you are willing to lose.
- Start with reading every white paper there is to better understand the technology before you invest in it. If you choose to invest longterm, know that you can lose it all. Imagine all the people that at some point of their lives had 100 thousand bitcoin and sold it all to buy a car or some depreciating asset.
- Diversify in the top 10-20 currencies at the time. Get a percentage of several and hold until the price soars.
- Beware of hindsight. It is easy to get caught up in the chatter and fear created by friends and online forums such as Reddit and panic sell your assets. If you are a long term believer, "HODL"!
Bitcoin Payday Loans: Investing Bitcoin
Nothing has created so much wealth for so many people in such a short period of time like Bitcoin and other cryptocurrency investments. There are many ways to get this going but in general here are some good quality advice you can live by:
- Top payday loans without a bank account
- Loans Without Income
- Small Business Loans Bad Credit
- Crypto payday loans
- Debit card loans with no bank account
- Online loans with no bank account
- Online loans no bank account
- Payday Loans
- Payday loans without bank account required
- No Paperwork Payday Loans
Bitcoin Payday Loans: Alternatives
If you can't take out a bitcoin payday loan for any reason, consider alternatives that if pursued may be able to resolve your financial situation. Alternatives include loans from banks, grants, friends and investment from venture capital firms. Other options include:
- AltCoinWiki
