What are the consequences of failure to provide a guarantor that meets the requirements for the requested digital currency product?

3 answers

• Dec 18, 2021 · 3 years ago
  If you fail to provide a guarantor that meets the requirements for the requested digital currency product, you may not be able to access the product or complete the transaction. The guarantor serves as a form of security for the transaction, ensuring that the lender or exchange has someone to turn to if you default on your obligations. Without a qualified guarantor, the lender or exchange may consider you a higher risk and deny your request or impose additional restrictions or conditions on the transaction.
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• Dec 18, 2021 · 3 years ago
  Not having a guarantor that meets the requirements for the requested digital currency product can lead to delays or even cancellation of the transaction. Lenders or exchanges often require a guarantor to minimize their risk and ensure the repayment of funds. Without a suitable guarantor, they may not be willing to proceed with the transaction, as it increases the likelihood of default. It is important to carefully review the requirements and provide a qualified guarantor to avoid any negative consequences.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, if you fail to provide a guarantor that meets the requirements for the requested digital currency product, we may not be able to approve your application. Our platform prioritizes the security and integrity of transactions, and a qualified guarantor is an essential part of that process. Without a suitable guarantor, we cannot ensure the repayment of funds and may have to decline your request. It is crucial to carefully review our requirements and provide a guarantor that meets the necessary criteria to avoid any potential issues.
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