Topic: [ANN] Cryptolend.net - Automatic online lending - page 3. (Read 18166 times)

Hi ranlo, the service is completely free, because we do so for the fun of it. Since a few weeks ago we are having a lot of new members, so it's possible that we may ask a small fee in the future, to contribute to the running cost. But we will keep it small.

Thanks for the response! Not sure if you're part of the CL team, but if so, curious as to where the monetization comes into play for CL itself. It's not a free service to run, so it has to be financed from somewhere/something.

Look at this user! Congrats for caution! 😄😄😄

Crypto Lend does not cost whatsoever, and you can choose a strategy for the types of loans/% return. First you put your Bitcoin on one of the supported exchanges. In your profile on the exchange you can generate an API key, which you copy over to your Crypto Lend profile. This allows the Crypto Lend bot to loan out funds on your behalf. By ensuring "Withdraw" permissions are disabled when you generate your API key, you can have some extra peace of mind that Crypto Lend does not even have the ability to withdraw your money from your exchange account. You can always login to the exchange to see your loans, including the ones made by the Crypto Lend bot.

After copying over your API key and secret, go to the Crypto Lend "Strategy" page to Activate lending on the exchange. Every few minutes the Crypto Bot checks your account(s) through the APIs, and if there are funds in your Lending account on the exchange it'll automatically choose the best rates according to your strategy. I use the default strategy, sometimes the Crypto Bot takes an offered loan and other times it offers my funds as a new loan.

Also note that the "Loans" page shows averages for the day in GMT.

All the naives are here ... easy money ... new topic will start soon with same users ... 😄

Is there any fee for using this system, and can you set it up to be dynamic or do you have to set the % you're going for?

New strategy available! Split your initial funds over a period of time, to divide your loans in small chunks and profit from average rate.

Last days we welcomed A LOT of new users. We took the opportunity to realize huge scaling development and improve robustness. We now have a 2nd back-end server and the possibility to add many more. We are sorry for the recent outages. It should come back to normal now.

Hi ajwest,

Thanks for your kind message. We wish you a happy lending

A few days ago I read about this Crypto Lend service in passing on reddit. Personally, I find all the exchange funding pages to be very complex, and the chart of lending/borrowing is always changing, so I am happy to let a service do this step for me. Obviously I am very pleasantly surprised to find that the service is free, and by using API keys through exchanges there's no risk from the service itself. I've got to say I am really impressed! So far I've only put 2.5 BTC on exchanges to be lent, but it has been lending and working well for me. At first I was under the impression that there was an element of arbitrage, where the cryptolend service would find the best rates and move BTC between the exchanges. But that's not the case, you put your money on the exchanges manually, where the Crypto Lend bot can see it at which point it sets the bitcoin to lend though that exchange's API.

Bitmex:
I'm a little wary of doing this on Bitmex because there are so many warnings and the concept of lending on Bitmex is complicated. Plus you get charged some sort of fees for the conversion/opening, I just have no idea what I'm doing there so I've stayed away.

Bitfinex/Poloniex:
The rates since I've started two days ago for Bitfinex have been less than half of Poloniex, so I've put a bit more on Poloniex. This point has nothing to do with Crypto Lend as a service, but just to say it's working well on both exchanges lending BTC.

Final worries:
Crypto Lend is awesome, I wish there was a way for you to take a % of the profits because that seems like some good goal congruence, but I guess without actually giving Crypto Lend control of the funds, that'll never happen fluidly (invoice people maybe? First 1BTC of profit is free, then pay $30?). Since my coins are usually just sitting around anyhow, I wish there was less risk to my cold storage if I were to put them on these exchanges! If I could have even the smallest guarantee or insurance against exchange hack/theft, I would let Crypto Lend take care of lending all of my funds.

profit in online investment only 20%/year is very small profit
because online investment is high risk, you can investment in bankroll in gambling site , profit is above 20%/year
or you can investment in cloud mining, can compound system and profit can incraese over 20%/year

Bitfinex DSH and XMR are now available to margin lending.

Display your current funding in % per day or compounded per year (see Account settings). Nice 1000%/year on Bitmex this week.

Our bot process all users each 1 to 2 minutes. We now monitor the Availability, which is the % of time the bot runs on each exchange. See clock icon on top banner. Last days average is 99 to 100%. Most outage are due to exchange API disconnections or bugs in our bot.

Last improvements: Loans page loading time divided by 2. Balance and Gain charts now display your complete historical data. You can adjust timescale with the Zoom panel (shortcuts + date picker).

Security is our number one priority. We have strengthened the Log In process. All cookies will be deleted after a few minutes. Check ‘Remember me’ only on your personal device.

We now support Quoine Exchange and its 11 currencies open to Margin Lending ! Earn interest on Euro, US Dollar, Japanese Yen, Chinese Yuan, but also Indonesian Rupiah, Philippine Peso, Indian Rupee, Australian Dollar, Hong Kong Dollar, Singapore Dollar. See Help for details.

Thanks for your kind words. I fully trust your forum reputation. We can see that you have read our description and that you clearly understand the benefit of our free project, compared to using the basic “Auto renew” feature from Poloniex. By the way, did you know that you could have earned 10% interest since your first message, 9 months ago ?

exactly. why try the news ones without reputation yet when polo allows us to loan?
gdupont could have make it if he build his rep here in the forum first. but we'll see when someone tried. its says free to which the rest of us are pretty suspicious about it.

In a thrilling partnership with one of our user, we developped a complete new strategy: the Long maturity strategy. Its goal is to prioritize rates over maturity. The bet is that 30-days loans will be closed out long before term, so we can focus on highest available rates whatever the maturity. See help for details : https://cryptolend.net/help.html#rubwhite4.