Cryptocurrency Q&A How much money do you need for peer-to-peer lending?

How much money do you need for peer-to-peer lending?

BlockchainEmpiress BlockchainEmpiress Fri Nov 29 2024 | 7 answers 1451
I'm wondering about the amount of money required to start peer-to-peer lending. I want to know how much funds are necessary to enter this type of lending. How much money do you need for peer-to-peer lending?

7 answers

Nicolo Nicolo Sun Dec 01 2024
To engage in peer-to-peer lending, certain qualifications must be met.

Was this helpful?

70
51
Giuseppe Giuseppe Sun Dec 01 2024
One of the main requirements is residing in a state that permits peer-to-peer lending activities.

Was this helpful?

242
43
CryptoAlchemist CryptoAlchemist Sun Dec 01 2024
Additionally, individuals must possess a verified income that meets specific criteria.

Was this helpful?

63
56
Leonardo Leonardo Sun Dec 01 2024
In various states, the minimum income level required for peer-to-peer lending is typically $70,000 annually.

Was this helpful?

282
50
Riccardo Riccardo Sat Nov 30 2024
This threshold ensures that participants have a stable financial background.

Was this helpful?

373
77
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts