Topic: Crypto Bank (Earn interest on your coins) (Read 1990 times)

5% is incredible low for an altcoin or even BTC loan rate. The prices soar and crash within hours.

Unless your offering 20-30%+ return your likely not going to get a loan, and you will need to offer collateral as well.


Use your own money if your so sure of your abilities, if your not, you probably shouldn't be taking a loan

I have noticed only 3% interest , and it is low , at least by cryptocurrency standards.

Here you see coins soar and crash almost instantly, keeping your coin on hand for instant transactions is necessary.

Can you say PokerByProxy.com?

5% monthly interest is low?

You borrow money and you repay the debt. If you want to shift the risk of exchange going insolvent and an altcoin crash to your creditor, you need to pay much higher interest. Since you are only offering low interest, it should be considered as a loan. It is your responsibility to repay in full with interest, independent to whatever happened to your investment.

+1

Giving 5% for DRK and XC and will return coins within 8-10 hours of being asked.  Does not have to be a whole month.  However, the interest will be calculated accordingly.

Unfortunately, reputation here is meaningless unless you have collateral you can post. TradeFortress, for instance, had great reputation, as did Ukyo-

Protip: >>>Bitcoin Forum > Economy > Marketplace > Lending

You are no different than the others, you just offer slightly shittier interest rates

Goodluck finding someone willing to loan you altcoins for a month, in order to get 3% more of their coins. Altcoins soar and crash so often, it would make no sense to take that sort of risk.

Ok but the difference is that I am borrowing a coin and returning the same coin.  No matter if the price of the coin goes down a lot or up a lot, I still return that coin.

I expected people to be hostile, people always are at first until someone has a track record.  This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.

If you're wondering why everyone here is so hostile, it's because that nearly everyone promising a return on deposited coins (Ukyo, Graet, Litecoinbank, etc.) has turned out to be a scam or been shuttered.

Those that were not openly scamming did not have sufficient reserves to pay depositors' their owed coins when things went south (Coinlenders/Inputs went under, BTC/USD rose quickly, etc).

Another good question.  To provide a quick answer.  I do not wish to invest in these coins (Even though, I have on the most part to a certain extent), or should I say invest more into them.  However, I do wish to trade them, so what I am providing is a way of people who want to hold on to a coin long term a way to get interest while I can trade with it.

As for proof, I can provide this obviously.  I guess the easiest way is a picture?  Or I am open to ideas.  I have facebook/twitter as well which can be verified as a confirmed identity.

Great question, yes I can provide screen shots (unless you have a better way) of transaction amounts.  Right now, I do about 50 bitcoins worth of trading per day.

I don't think you understood me. Why does he need a loan (basically what this is) if he has been successful at poker? If he cannot put a couple hundred bucks towards this himself from a 100k salary he needs to learn better money management skills.. And not start learning with other peoples $

Why would i put my coins in your "bank", where are you located? banks are located on psychical addresses.
Better to keep my coins on coldwallet gaining cero interest but having 10x money at the end of the year due to a bitcoin rise.

So he can "bank" them..

AKA gamble them on the markets

Looked up "your" stats. Prove your Jonathan Driscoll, and if you do prove you are indeed who you say you are, why do you need a loan? Your statistics are good, and you have made over 1/2 a million according to online states. Why do you need people to loan you a couple hundred bucks worth of altcoins?

A bank traditionally is simply an entity that loans capital for a percentage. What you are trying to start is a managed multi-currency hedge fund.

Neither of these things is inherently bad. But what I would want to know before investing is what your trading track record is. Can you provide any trade history to prove your effectiveness at managing a fund? I could Google you, but the burden of proof is on you, not us.

>without making an research.
Kill it before it lays eggs.

Takes a lot of guts to call someone a fraud online without making an research.

I don't think that you can find so easily someone to lend donate you the money... but you never know, so, for the ones that are giving it a thougth you better check this out: https://www.youtube.com/watch?v=-DT7bX-B1Mg.
Cheers.

I don't care at all what your previous track history is for investing or gambling.
You must understand the whole idea that you are going to take peoples money and invest them, is ruining the whole point of a decentralized currency like Bitcoin.

Anyone sending money to you is a fool. If people want to invest, invest in a company or idea you believe in. Don't trust this guy to do everything right for you.

I already have successful transactions on here and as stated before I have a flawless record with thousands of transactions.

http://forum.pokercollectif.com/monnaie-electronique-bitcoin-litecoin-etc/247555-bank-grosgineer-2.html#post1438422  (It's French though)

I play poker for living for 6 years now.  I don't gamble, I work.  I work harder than 99.9% of people.  Must be difficult to actually do 2 minutes of research to back your statements.

+1

Don't trust this "bank" with your coins.
I warn you. This guy is going to invest or gamble away your money.
Bitcoin was meant to protect from guys like this.

Greetings,

I am offering a service which I am currently offering to a few people I know.  However, with the amount of trading I do, I am in need of more coins.

What I have to offer:

I will update the original post with new interest rates/coins needed.

I will give you monthly interest to borrow some of your coins.  The interest rate varies per coin and the amount of coins vaires as well.  The monthly interest is compound which means that if after a month we both agree to keep going, you will receive X% interest on the coins you lent me + the coins you got from the previous month's interest.

The coins loaned are for one month, the coins can not be returned before the end of the 30 day contract unless both parties agree. Each loan is based on a full month loan unless otherwise stated.

If both parties agree to end the deal early or change the terms, this can obviously be done.

My trading is done on Mintpal, so if Mintpal all of a sudden closes down or the coin itself is somehow destroyed, altered, or value goes down to zero, this is not my responsibility.  Basically anything that would happen if you had your coins on your own Mintpal account is not my responsiblity.

---------------------------------------------

Coins I am currently looking for along with the monthly interest:

DRK - 500 coins (3% interest per month.)
XLB - 30,000 coins (3% interest per month.)
SYNC - 3 coins (1% interest per month.)
NAUT - 10,000 coins (1% interest per month.)
XC - 4,000 coins (3% interest per month.)
VTC - 500 coins (1% interest per month.)

---------------------------------------------

I understand that most people will not trust me at first so I will tell you who I am.

My name is Jonathan Driscoll, I am a known poker player, who is sponsored by Betfair.  You can google my name and you will find plenty of stuff on me.  I have done literally thousands of deals with other players, most of which is staking and swapping as well as transactions.

If you are interested in loaning the coins, I will provide my phone number and email.  If there are any other questions, please let me know.