1. Introduction
You enquire through Loan My Coins. We introduce you to the independent loan provider. Loan My Coins does not take your bitcoin or your documents.
How it works
A repurchase arrangement, in bitcoin
Loan My Coins introduces. The independent provider performs every lending step.
What actually happens
Told as a typical sequence from a real onboarding. It is not a guaranteed timetable.
2. Application and documents
The provider asks for documentation before onboarding. Eligibility is the provider's decision.
3. Identity verification
The provider requires a recorded video identity check.
4. Agreement and transfers
You sign with the provider. Wallet addresses and test transfers are coordinated with the provider, and receipt of the bitcoin amount is confirmed by the provider.
5. Repurchase date
The provider confirms a one-year repurchase date. On the documented illustration, per 1 BTC: 1 BTC transferred, 0.95 BTC received, 0.95 BTC paid at repurchase, and 0.95 BTC returned. The economic cost is 0.05 BTC.
6. Extension, if agreed
An extension is requested ahead of maturity, agreed by both sides, and paid in advance, on the terms of the signed agreement.