It baffles me how peope seem to keep falling for these platform and they eventually end up becoming scams. Unless i'm wrong? Anyone have any idea if there are any legit ones or do they just simply become scams at the end?
All lending platforms are scams. When it comes down to cryptocurrency, being unregulated it is beyond worst, since people have no idea what unregulated means and think they can make illegal stuff and get away with it.
Any platform offering a large returns on investment are definitely scam. They will never stop popping up to snare desperate people, or those hoping to cash in before they exit scam.
It's best to use common sense and avoid them completely.
Listen to cryptodonor I've had personal experience with this sort of stuff and immensely regret it. It only leads to huge misfortune and regret at the end.
There are legit lending platforms out there.
Margin lending on bitfinex, poloniex, salt, and soon ripio credit network goes live as wellStill pays off to work be careful when checking them out.
Yea seems most agree to stay away from it, unless you can somehow scam the scammers not much can be done about it huh, haha!
Too many horror stories out their about lending platforms, consider the vast amount of them about people losing their saving and such, its best to simply stay away from them not matter who and how its promoted.
Lending platforms have a lot of value, but the problem is that most of them don't stick around long enough for you to get your returns. It's a risk, I believe as crypto matures more, we'll be seeing more reliable results.