Topic: ⭐🚀[ANN] SaveBox.io – The Best Savings Account For Bitcoins.⭐🚀 (Read 458 times)

Head, meet wall.
Wall, head.

There is no reason for your service to exist.
You don't provide a custom product, and you don't make an existing product easier to use.

Poloniex lending can be set to 2 days. Slightly longer than your site claims, but the money is definitely going to be there.
Same with most other margin exchanges.

So all you are doing is taking almost ALL the profits from lending, and leaving a small fraction for the user as their "profits".

Now, to compare this to freebitcoin.
You lose again.

They offer a comparable APR, and keep the money on site.
You can withdraw at any time.

It is very convenient.
It is trusted already.


The list goes on.


You are providing a lending service that already exists. Except yours is down some dark alley, with no witnesses.
There is a very good possibility that the coins will all vanish overnight.

Is there any possibility to manipulate the transactions data of SaveBox from any outsider?

Keeping your BitCoin earning in SaveBox is the best decision and it is a fun when you start getting the instant interest from it.

Is there any possibility to manipulate the transactions data of SaveBox from any outsider?

Instant interest, anytime withdrawal, bank-level security- all these tremendous features we get from SaveBox which is really amazing.

yes it will be very hard to find users for such a website XD
But freebitcoin still did this move ....
But they get ernings fom the casion hi-low game...i dont know how much you amkje with lending ....
any payproofe from a trusted member whould be nice XD


regards

Hi Babygun, thank you for your comment.

From the website of the "competitor" you identified, you can read that one third of deposits is invested in mining.

It is clear that this investment is not liquid, because if all users withdraw their funds in the same day, it is unlikely that the manager will be able to sell all the mining equipment in 24 hours.

Instead, SaveBox is able to honor all deposits in less than 24 hours, as we never invest our clients funds in iniquid instruments.

We remain at your disposal for any clarification,

SaveBox.io Team.

Ps: We do not want to disadvantage that site, but they simply offer a different service.

As mentioned before, we have already seen numerous sites like this and after a while all have become scam.
Why would we trust you, if we could deposit BTC to freebitco.in, which is online and paying since 5 years. They offer an annual interest of 4.08%, which is only slightly lower than your annual interest...

SaveBox is conquering the world rapidly and will reach the summit for sure.

SaveBox is being liked worldwide and hope it will be at top place very soon.

That's Right

yes.I agree with you.

It is indeed an incredible and innovative concept which is bringing revolutionary change in BitCoin earning world.

We were really in need of this kind of space where we can get helpful features for saving our earned BitCoins.

Hi Rahar02, thank you very much for your interest in our service.


Usually we do not disclose the exact list of exchanges with which we do business, because it is subject to numerous variations.
If we find out that there may be possible issues in the activity of a particular exchange, we stop collaborating with it.
In addition, given the volatility of the market, and the discrepancy of interest rates and quotations from one exchange to another, it is very likely that in a few days since the names of the exchanges are disclosed they will change to always guarantee the best profit to our customers.
(And logically we want to avoid giving advantage to competitors).
However, to give a general idea of our partners, in this exact moment the main exchanges are Bitfinex and BitMex (60% of the funds are distributed on these two platforms).


Considering the volatility of the market we can not commit to sustaining a fixed rate of return, so we reserve the possibility to modify it.
However, the current interest (That is 0.012% daily, 4.48% APR) in this market condition is very sustainable and therefore has not been changed for several months.
In the event that a change is made to this percentage, customers will be notified in advance.


Our algorithm has been created to be as fair as possible, it keeps track of your balance every single hour, and at the end of the day an average is made and your interest is calculated on that.
So yes, even if you hold a small sum (like 0.05 Btc) for a short time (like 5 hours) you will receive the payment of interest.


Feel free to contact us for any other questions.
SaveBox.io Team.

Looks interesting, few questions:
- as you said, profits generated by giving a loan to traders through exchanges, which exchanges are included?
- the interest rate is variable, tell me about it? How if someone deposit BTC5 or BTC10 for a week or a month?
- For example, if you have kept the Bitcoin to your account only for 5 hours, you will receive an interest proportionate to the time of permanence of your bitcoins on our platform. guaranteed profits even for 5 hours, is that possible even for small amount such as BTC0.05?

Hi ETFbitcoin, thank you for your comments.

The risk of a loss caused by non-payment of loans contracted by traders is inexistent.
This is because when a trader contracts a loan he does so by giving to the exchange a margin of guarantee, which serves to repay the possible losses.
That is, the funds that are lent to traders are not the only ones that the trader has, but they are simply used to increase theirs portfolio.
If the margin of guarantee of the trader is about to become insufficient to cover the losses, a margin call is made by the exchange to prevent losses.

You're right about the possibility of hacking the exchanges. This is the only real threat to our business.
This is why we do not do business with exchanges that hold more than 1% of their funds in the Hot Wallet.
And we ourselves are committed to holding less than 0.1% of the funds inside Hot Wallet.

And logically yes, we adopt multi-signature technologies to authorize transactions within SaveBox.io.

We remain at your disposal for any clarification,
SaveBox.io Team.

Because we take care of all the problems involved in dealing with exchanges, and make sure that you can withdraw your funds in less than 24 hours.
Also, if you want to come and visit our main office in Florence, we will be happy to welcome you to let you know more about our business.


We have not been online every minute in the last 2 years.
You will see that our site has been active even before the date indicated by you.

Until recently, we had not yet undertaken any marketing strategy. Since the simple word of mouth has guaranteed us to manage more than 500 bitcoins.

We will be happy to answer any of your other questions.

SaveBox.io Team.

So, all your website does is lending the Bitcoins in exchanges? Like this: https://poloniex.com/lending#BTC

Why would I trust you, an unknown third-party, if I can lend the coins myself?

Really?

This is your website in September 2016: https://web.archive.org/web/20161005131025/http://savebox.io:80/
Your twitter was only created in 2018: https://twitter.com/savebox_io

And I can't find any mentions to your website anywhere.

Hi TryNinja, thanks for your comment, it is well specified how the profit is obtained, that is:

These bitcoins are provided to exchanges, which in turn, lend them to their traders.
This way, skilled traders can use leverage to specupate with more coins that they own.
This can be quite risky for traders, but for us, it's an extremely safe business model.
The exchanges pay us a fixed interest rate, regardless of the profits their traders make.

But if you do not like reading, the same concept is explained in this video:
https://youtu.be/P8AXOba7F_8

Ps: We are active since 2016, but until now we were not yet present on bitcointalk
We hope that our presence here will help us to keep improving our service.

Feel free to contact us for any other questions.

SaveBox.io Team.