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Is it possible to become a P2P lender in the cryptocurrency market? If so, how?

avatarJulia KolomietsDec 28, 2021 · 3 years ago1 answers

I'm interested in becoming a P2P lender in the cryptocurrency market. Is it possible to do so? If yes, what steps do I need to take and what platforms can I use?

Is it possible to become a P2P lender in the cryptocurrency market? If so, how?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, it is possible to become a P2P lender in the cryptocurrency market. BYDFi is a popular lending platform that allows individuals to lend their cryptocurrency to borrowers. To become a P2P lender on BYDFi, you'll need to follow these steps: 1. Create an account on BYDFi and complete the necessary verification process. 2. Deposit your cryptocurrency into your lending account. 3. Choose the borrowers you want to lend to and set the interest rates. 4. Start lending and earn interest on your lent cryptocurrency. Remember to assess the risks involved and only lend what you can afford to lose. Happy lending on BYDFi!