Does something such as Bitcoin Bank exist that pays monthly interest?

[selfmade 7]

Yes such things are available but online as we you know crypto is an online money, check out this site https://crypto.com/, is one of what you are looking for.

[joemcgwa 3227]

16 hours ago, selfmade said:

Yes such things are available but online as we you know crypto is an online money, check out this site https://crypto.com/, is one of what you are looking for.

But this online banks which are giving an interest they are just use your money for lending to other people while those who are lended those money they could pay the annual interest up to 60%, while you who have invested your money you can only earn not more than 10% annually, so that's the platform are benefited more than investors, so its better to be lending your money for yourself.

[guatazoo 7150]

4 hours ago, joemcgwa said:

But this online banks which are giving an interest they are just use your money for lending to other people while those who are lended those money they could pay the annual interest up to 60%, while you who have invested your money you can only earn not more than 10% annually, so that's the platform are benefited more than investors, so its better to be lending your money for yourself.

But if you'll be using your money for own lending there you'll be required to take all the risk that's might be happen and have a tough work to make sure that's you are not getting blackmailed from those who have  borrowed from you. 

[selfmade 7]

6 hours ago, joemcgwa said:

But this online banks which are giving an interest they are just use your money for lending to other people while those who are lended those money they could pay the annual interest up to 60%, while you who have invested your money you can only earn not more than 10% annually, so that's the platform are benefited more than investors, so its better to be lending your money for yourself.

Would you rather take the risks yourself for lending to people who you are not sure if they would pay you back faithfully, do you even know the business of lending better? So who not let others do that for you for a little interest but without risks.

[joemcgwa 3227]

17 hours ago, selfmade said:

Would you rather take the risks yourself for lending to people who you are not sure if they would pay you back faithfully, do you even know the business of lending better? So who not let others do that for you for a little interest but without risks.

This depending on your lending system management, but always lenders they are just take a collateral from the borrower before giving them the loan, and make sure that a collateral must be worth more than the lending amount.

[selfmade 7]

8 hours ago, joemcgwa said:

This depending on your lending system management, but always lenders they are just take a collateral from the borrower before giving them the loan, and make sure that a collateral must be worth more than the lending amount.

But what kind of collateral you can get lending money online, that is impossible, because first you need to have KYC for your customers second what kind of material thing they can offer you as collateral on online business and if something goes wrong, how do you sue such a person???