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Topic: [ANN] Cryptolend.net - Automatic online lending - page 4. (Read 18143 times)

newbie
Activity: 42
Merit: 0
Added support of ZEC margin lending. On Bitmex funding, you can now use leverage (up to 5x). See help for details. We also did several improvements for engine stability.
newbie
Activity: 42
Merit: 0
Big changes here! We now support a new platform: Bitmex. Use Cryptolend to earn interest by shorting Bitmex XBTUSD swap. This new feature added to the other supported exchanges, helps you split your bitcoins and dollars to different platforms, to mitigate the counterparty risk when earning interest.

Read our explanation, to learn more : https://cryptolend.net/help.html#rubwhite6.
newbie
Activity: 54
Merit: 0
i dont know anything about margin trading
i think the website provide BTC to lend on me Grin
legendary
Activity: 1554
Merit: 1054
Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.
Yeah that's what c0ncerns me also.

heard some of these before, it would eventually change later once they see they are not getting much money for it.
they will either insert ads or simply ask for fee for every transaction.
That is right. Every business you see that has been set up is for the objective of making profit in one way or the other, if they cannot make profit from it, then they will collapse because there will no be money to pay off their bills.
It is really not bad if they later introduce fees means through which they can sustain their business for another short period, long sustaining not at all possible .
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
It seems margin rates re dropping big time everywhere, what s the most profitable pair ATM?
newbie
Activity: 42
Merit: 0
You simply create an API key on your exchange's account to allow Cryptolend making margin lending offers on your behalf. Don't check trading and withdrawing so your money remains safe in your exchange account. Here is the simple procedure : https://cryptolend.net/help.html
hero member
Activity: 770
Merit: 500
Sounds good but of you manage the lending and out money is in our exchange account then how do you manage the lending since you can't access the money ? This is the part I'm hearing no explanation for. Please tell us more how it works.
newbie
Activity: 42
Merit: 0
We now support the complete list of currencies for Poloniex and Bitfinex, that is to say 17 different pairs of Currency-Exchange.

We also separated the current and historical rates on a specific web page. You can monitor the margin lending rates at: https://cryptolend.net/rates.html

Because of the Bitcoin trend, today's highest rate is the USD on Bitfinex.
jr. member
Activity: 49
Merit: 26
These comments are usually from people who like to write negative feedbacks just because they enjoy it.
It's not SO suspicious if someone made his service free at the beggining, but guys always make such drama in these topics and i usually ignore these comments already.
legendary
Activity: 3178
Merit: 1054
Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.
Yeah that's what c0ncerns me also.

heard some of these before, it would eventually change later once they see they are not getting much money for it.
they will either insert ads or simply ask for fee for every transaction.
newbie
Activity: 42
Merit: 0
We enriched the home page with the current available rates of the supported currencies and exchanges.
The data is displayed on a table and on a historical chart with daily min and max values.
newbie
Activity: 42
Merit: 0
We are pleased to announce the support of 3 additional currencies on Poloniex: ETH, LTC and XMR.

We also replaced some clumsy parts of the website with ajax, to make it smoother. The intra day chart and returns balance now renew automatically, without reloading the whole page.
newbie
Activity: 42
Merit: 0
Due to security improvement, we had an issue in the webpage to create new account.

The bug is now solved. We are sorry for the inconvenience.
newbie
Activity: 42
Merit: 0
Regarding the yearly rate, our current strategy is to maximize the lent capital. We call it the Use Rate = avg lent / avg capital, in % per day. We try to get it close to 100%.

On top of that, we try to avoid rates really too low. They can come from the “auto renew” people, from “volatile” days, and also from large lent amount returned by margin lenders, which collapse the rate for a moment. We are displaying live charts to monitor the efficiency of our engine.

Now, we would like to build new strategies, either on top of the existing, or from scratch. It’s on the roadmap, and we are also open to suggestions.

This week, we improved the balance monitoring. We now calculate the total gain without the capital change, so that deposits and withdrawals are no more included in total gain.

You sure that using Bitfinex (a big exchange which suffered recently from the biggest hacking incident in history of Bitcoin, since Mt Gox) is a wise idea?
Why don't you use some exchange with impeccable reputation?

We think that Bitfinex is very risky, considering what happened this summer. Our service is only a tool, it can't decide if the return is worth the risk. On the other hand, Poloniex has been hacked too. That which does not kill you, makes you stronger.

Anyway, we are currently working on the other margin crypto from Poloniex, in addition to BTC. Coming soon.

Do you know another exchange with interesting margin lending ?
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
We have done a lot of changes on Crypto Lend the last weeks.

On the frontend, https is now activated and the website ui has been redesigned from scratch, using the last Bootstrap framework. The site is now fully responsive, and W3c compliance is much better.

Regarding the lending bot, we added 3 new currency-exchange pairs :
- ETH on Bitfinex
- ETC on Bitfinex
- LTC on Bitfinex
You sure that using Bitfinex (a big exchange which suffered recently from the biggest hacking incident in history of Bitcoin, since Mt Gox) is a wise idea?
Why don't you use some exchange with impeccable reputation?
hero member
Activity: 658
Merit: 500
The website is very good and design too, but profit ~ 20% per year is not too much. So may be it is possible to make profit higher.  Grin
newbie
Activity: 42
Merit: 0
We have done a lot of changes on Crypto Lend the last weeks.

On the frontend, https is now activated and the website ui has been redesigned from scratch, using the last Bootstrap framework. The site is now fully responsive, and W3c compliance is much better.

Regarding the lending bot, we added 3 new currency-exchange pairs :
- ETH on Bitfinex
- ETC on Bitfinex
- LTC on Bitfinex
hero member
Activity: 896
Merit: 1000
Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.
Yeah that's what c0ncerns me also.
newbie
Activity: 42
Merit: 0
Thanks for your remarks. We are clearly not skilled for the front end part of the project. It is agreed that we will redo our homework once again.

Regarding the costs, this project is quite small, in expenditure and time. We think that there is no way it could exists as a paid service. Our interest is to create a club of lenders, and maybe improve lending bot strategies together, for example by allowing lenders to publish their lending strategies.

Indeed, we have spotted 30% APY (https://blog.bitmex.com/pricing-bitfinex-default-risk/), 10-15% (https://www.poloniexlendingbot.com/help). We got ~20% last year and we think that there is surely different lending strategies.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.
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