Author

Topic: Exchanges that offer loan options (Read 1384 times)

legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
June 05, 2022, 03:02:45 PM
#43
Why to go on exchanges if you have option here on the forum itself. Just go to lending section and there are bunch of lenders you will find. Mostly you will qualify for the given amount if it fits into criterion of lender and get the money instantly. Here you get an advantage of known lenders, feasible access to money, easy returns and easy collaterals. For exchanges the rates could be enormous and you will surely need higher collateral value before you can build trust transaction.

I support this motion, in addition to the fact that in the forum the borrowers are of high reputation, there is the option of making loans for users who do not have to give any type of collateral, this is something that is not achieved everywhere, in addition the interests are Much more friendly than those offered by an Exchange, in this case a loan from an exchange is like making a loan at a bank, but with interest that is much more difficult to pay.

Of course, everyone measures their situation and their way of managing money, as well as their ability to pay, it is only advice that we can kindly give them here, because a loan is always something that must be done with great responsibility.
legendary
Activity: 2660
Merit: 1074
June 02, 2022, 07:02:10 AM
#42
Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
No offense OP, but i think some information that we seek can turn out to create problems for us, and is this is one of such...Avoid loans as much as you can especially in trading. You shouldn't even be trying to find out more exchanges that offer loans as having this information at the back of your mind can one day become an option for you when you need money to trade with.

We all know how trading is risky even for professionals, trade with your own money that you can loose, avoid taking loans to trade with, this is my advice for those considering this loan thing.
But, I think the OP is not the one that will borrow money but it was his money that he want to lend on the exchange in order to get some passive returns, I think that was a good idea rather than the money will remain idle inside the exchange and then gain nothing but we must only do this on an exchange that is really trusted and been here for years.

Nexo is specialized on this but I don't know if this was an exchange or simply a lending site but it wasn't important anymore as we can still continue trading on our favourite exchangers while pulling out some money out of it and transfer it to the lending sites that we think are trusted enough.
copper member
Activity: 2268
Merit: 539
DGbet.fun - Crypto Sportsbook
June 01, 2022, 09:14:01 PM
#41
Trading from loan is not a good move. It will be difficult to pay your loan when you lose in Trading and will not benefit from it but instead will only let you pay for more loan with interest when your trading decision fails.

I also agree with you mate.
You should always trade/gamble with own money.
Once you lend money from someone and if by bad fortune you lose it. Then your life will become hell.
The OP’s post was from 2017. Almost 5 years passed now.
The mentioned exchanges have might updated their terms of services.
So it’s better to check and act accordingly before joining the exchanges.
Moreover i see Binance missing from the OP’s list.
According to me Binance is the best exchange present in the market. Though I don’t know whether they offer loans or not.
full member
Activity: 387
Merit: 100
June 01, 2022, 06:56:35 PM
#40
Trading from loan is not a good move. It will be difficult to pay your loan when you lose in Trading and will not benefit from it but instead will only let you pay for more loan with interest when your trading decision fails.
jr. member
Activity: 98
Merit: 2
June 01, 2022, 08:26:01 AM
#39
I would try to pay maximum attention to the exchange. It should be understood that this often happens precisely at the exchange stage.
hero member
Activity: 2954
Merit: 796
June 01, 2022, 01:31:04 AM
#38
I use Kucoin when it comes to crypto lending. I have no experience in using exchange such as poloniex and bitfinex so I don't have slight idea on how much interest they reward for lenders. On Kucoin lenders have the freedom to choose duration and the interest that they want and it goes to the loan book which the borrower can I see all the available loans offered by the user. So far this is the best lending system I use on exchange.

https://www.kucoin.com/margin/lend
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 01, 2022, 12:25:34 AM
#37
I am not a fan of leverage or futures trading but sometimes it's good. When LUNA was crumbling a few weeks back, there were traders who earned a lot of money by just shorting LUNA and paying back the loan by buying LUNA much cheaper. But do these things if you have some experience and knowledge about it.
Leverage trading is risky, especially if you open short position and using more than 1x leverage which can make the liquidation risk closer. But about that Luna, people that short it and did not sell (close position) early until it collapse would have gained very well. Luna decreased in just 5 days from $78 to around $0.02 and was at $0.08 when Binance delisted it from future contract while traders that short it are automatically funnded. But not all leverage trading requires shorting, margin trading does only still require buying and selling just like spot trading unlike future, perpetual or swap trading which you can either go long or short.
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
May 31, 2022, 02:54:29 AM
#36
Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
No offense OP, but i think some information that we seek can turn out to create problems for us, and is this is one of such...Avoid loans as much as you can especially in trading. You shouldn't even be trying to find out more exchanges that offer loans as having this information at the back of your mind can one day become an option for you when you need money to trade with.

We all know how trading is risky even for professionals, trade with your own money that you can loose, avoid taking loans to trade with, this is my advice for those considering this loan thing.
sr. member
Activity: 2660
Merit: 339
May 31, 2022, 01:56:26 AM
#35
Binance have loan option but you need have assets there based on how much loan try for borrow, I think if your assets on Binance drop and not try for cut loss better open loan option and your assets there as guarantee for loan, if you can get peofit from loan money on Binance exchange could be capital for active back in trading, but bad when gtt losing second time with koan capital use for trading.

If I am not wrong you are talking about leveraged trading, right? If so yes Binance, FTX and almost every big exchange allows that. You put some tokens on collateral, borrow money and trade and if the value drops below the leveraged value your tokens will get liquidated.

I am not a fan of leverage or futures trading but sometimes it's good. When LUNA was crumbling a few weeks back, there were traders who earned a lot of money by just shorting LUNA and paying back the loan by buying LUNA much cheaper. But do these things if you have some experience and knowledge about it.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
May 30, 2022, 02:35:06 AM
#34
You know binance is a strong and the biggest exchange in the bitcoin transaction kind of life, but i have not seen them offering loan or they have specific customer's they issued loan. I want to know the criteria or the qualifications of getting in this exchange you made mention of
On Binance, you can open a margin trading account, or open a future trading account. In margin trading account, you can borrow up to 10x of the amount you use as collateral. In future trading account, you can borrow up to 50x to 125x of the amount you use as collateral, even up to 200x or more on some exchanges. You can use it to trade and that is what the OP is talking about, but he only use margin trading in respect to thread. The more the amount borrowed, the more the risks of losing.

before someone gives you a loan you must be well known and a pattern to the platform, now they informing you to issue loan, their is a very big secret behind, i believe the advantage they will take from you will be more beneficial than the loan giving to you. Just know the kind of form or documents you put online.
The advantage is that you can use high amount to trade. The disadvantage is that it is more risky and liquidation price will be closer and if reach, the collateral used will be liquidated. The exchange, like Binance used as an example will make more profits in trading fee because the person borrow money and have more to trade with while the exchange deduct fee in percentage of the total amount used to trade.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
May 30, 2022, 12:49:31 AM
#33
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
You know binance is a strong and the biggest exchange in the bitcoin transaction kind of life, but i have not seen them offering loan or they have specific customer's they issued loan. I want to know the criteria or the qualifications of getting in this exchange you made mention of, their is something i want to let you, before someone gives you a load you most be well known and a pattern to the platform, now they informing you to issue loan, their is a very big secret behind, i believe the advantage they will take from you will be more beneficial than the loan giving to you. Just know the kind of form or documents you put online.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
May 29, 2022, 10:47:25 PM
#32
One of the exchanges that I can really trust to give loans is Binance, however I would not use it for that purpose, I do not know if Bitfinex also does it, however what I like about bitfinex is the funding plan it has and getting at We have a return of 2%, now all this must be taken into account, I would not trust much in asking for loans in an exchange, somehow what they ask for in return is a good collateral that gives them the confidence to do it I would not leave either For trading on margin, it could be very easy to lose everything, although the whole thread sounds interesting, it is good to have opinions of the exchanges that offer this service.

full member
Activity: 276
Merit: 100
May 29, 2022, 06:22:30 PM
#31
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?

Such a good offer but for those whore are not yet capable of trading and doesn't have much experience in trading. For me, it is better to learn first before I enter the loan option in trading.
legendary
Activity: 2338
Merit: 1124
May 28, 2022, 09:28:54 AM
#30
Good advice and can provide loan solutions without having to borrow on the exchange.
Because loans in this forum can be negotiated with the borrower. There are many people who can provide loans, choose according to the criteria and how much you want to borrow. Just make a thread that requires a loan. guarantee can be negotiated directly.
But as a borrower, you must also be ready with collateral that will be deferred and be able to pay on time according to the agreement.

can directly visit the Lending board: https://bitcointalk.org/index.php?board=65.0
I would guess that you could get a loan from someone here by calculating the risks, but they are giving a very small amount and that is the difference. I have never seen giving 60k loans on 30 year fixed rate, like a house mortgage would be getting you. This is the thing that bothers me the most, if you are looking for a 100 bucks loan then yeah this place would be better but why would I want to do something like that?

There is no reason why I should be getting a loan for that amount, no investment would make sense in that situation and that is why I am not really looking for something like that. Hopefully it will be getting better in the long run but it is too little for me for now.
sr. member
Activity: 546
Merit: 261
Moonbet.io
May 26, 2022, 05:17:49 PM
#29
Binance have loan option but you need have assets there based on how much loan try for borrow, I think if your assets on Binance drop and not try for cut loss better open loan option and your assets there as guarantee for loan, if you can get peofit from loan money on Binance exchange could be capital for active back in trading, but bad when gtt losing second time with koan capital use for trading.
hero member
Activity: 2114
Merit: 619
May 26, 2022, 02:18:29 PM
#28
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
Almost all the major exchanges provide these options these days, Binance, KUcoin, and FTX provide this option too, so you can avail it on any exchange, %Age I think is pretty variable and depends on market volatility at times. But yes if you see in an overall scenario, This sort of option is least advisable if you are even 5% serious about your trading, it's because in this option you have a high-interest cost which is always there on your shoulders and this cost would always influence your trading decision of closing the trades at points of tension or points of high uncertainty, which means emotionless trading would become almost impossible.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
May 25, 2022, 11:27:10 PM
#27
-snip-
Good advice and can provide loan solutions without having to borrow on the exchange.
Because loans in this forum can be negotiated with the borrower. There are many people who can provide loans, choose according to the criteria and how much you want to borrow. Just make a thread that requires a loan. guarantee can be negotiated directly.
But as a borrower, you must also be ready with collateral that will be deferred and be able to pay on time according to the agreement.

can directly visit the Lending board: https://bitcointalk.org/index.php?board=65.0
jr. member
Activity: 98
Merit: 2
May 25, 2022, 12:24:36 PM
#26
To be honest, what I often realize is that interesting things can often happen with an exchange. This moment is worth it to be ready for it.
newbie
Activity: 42
Merit: 0
May 25, 2022, 08:12:47 AM
#25
poloniex is a good one with good lending rates and margin trading.Bitfinex lending service is a good one but their trust have been tested.Bitmex is another
hero member
Activity: 2114
Merit: 603
May 22, 2022, 08:06:09 AM
#24
Why to go on exchanges if you have option here on the forum itself. Just go to lending section and there are bunch of lenders you will find. Mostly you will qualify for the given amount if it fits into criterion of lender and get the money instantly. Here you get an advantage of known lenders, feasible access to money, easy returns and easy collaterals. For exchanges the rates could be enormous and you will surely need higher collateral value before you can build trust transaction.
sr. member
Activity: 2436
Merit: 343
May 18, 2022, 05:58:24 PM
#23
I'm enjoying poloniex, but I guess I will check bitfinex as well. Maybe the lending rates are better.
Also, I've just started doing this, and the income I get is definitely much better than the one I would get from a bank investment, even doing some risk investment.

So anyone knows the real danger of this going wrong, and me ending up losing my coins?

Also mobnepal why do you say that about bitfinex? Do you know anyone who had problems with it?
Right now I will check the rates, but I don't want to take unnecessary risks.
That's up to you mate. The most important is that you are enjoying yourselves, in fact, trading doesn't really need to be serious, it is at least we are living our way comfortably. But since you are mentioning lending, you need to be careful with that and simply know your limitation, or else this will be the reason for your failure trying to commit used debts that make you hard to pay back. Because for me, this was not a good idea, indeed it becomes a burden to us especially if we lose.
hero member
Activity: 1498
Merit: 502
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May 18, 2022, 10:58:58 AM
#22
poloniex is the best pladed system lending and loan with margin trading
another poloniex is support margin tradng this mean can loan
1 kraken
2 bitmex
3 cex.io
4 bitfinex
5 okcoin.com (international)

and all china exchanger majority support margin trading huobi btcchina okcoin.cn
it's really Amazing to know about these exchanges and I am trying to trade in these exchanges and getting a new experiences of these exchanges. I am  already used Bitmex and bitfinex and now try to used others of this list.
full member
Activity: 504
Merit: 131
November 13, 2017, 03:16:56 AM
#21
there is a free lending bot on coinlend.org which uses the API of poloniex and bitfinex. The also list the best interest rates. They currently have plans to add quione I think. Would the more experienced people say that liqui.io is a safe option for keeping some ETH for a couple of days?

thanks
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
May 22, 2017, 06:05:48 PM
#20
Is Lending on POLONIEX any good? I mean do people make decent money out of lending there and if you start lending what is the minimum you need to make a decent bit. Say I want to earn 50 usd a month from lending, how much Bitcoin do I need to have on sight to generate 50 bucks a month profit? I am seriously thinking about lending as a passive form of income so need to know roughly how much would be needed to generate that.

It's like brobbel said. The rates are very volatile. I already got rates between 0.07% and 2%, although the 2% was generated by the site. My lending offer was not entirely matched, and for some reason a very small part of it went at 2%. Right now, I would say I'm getting an average rate of 0.15%, which is quite good decent. With BTC at $2K you can make 50$ month at those average rates I'm getting (0.15%). It's not much, but it's better than a bank lol
sr. member
Activity: 307
Merit: 250
May 22, 2017, 04:21:55 PM
#19
poloniex is the best pladed system lending and loan with margin trading
another poloniex is support margin tradng this mean can loan
1 kraken
2 bitmex
3 cex.io
4 bitfinex
5 okcoin.com (international)

and all china exchanger majority support margin trading huobi btcchina okcoin.cn
sr. member
Activity: 966
Merit: 342
May 22, 2017, 09:05:18 AM
#18
Is Lending on POLONIEX any good? I mean do people make decent money out of lending there and if you start lending what is the minimum you need to make a decent bit. Say I want to earn 50 usd a month from lending, how much Bitcoin do I need to have on sight to generate 50 bucks a month profit? I am seriously thinking about lending as a passive form of income so need to know roughly how much would be needed to generate that.

The rate is even more volatile as bitcoin itself.

You can see current rate at https://poloniex.com/lending#BTC

Current loan offers (but when you take a look, it will be different!)

Loan Offers


Rate / Amount (BTC) / Duration

0.0892%   0.02362319   2 Days
0.0974%   0.01170060   5 Days
0.0979%   0.01000109   60 Days
0.0981%   0.00837539   2 Days
0.0984%   0.01090993   2 Days
0.0984%   0.01151564   2 Days
0.0985%   0.18914027   2 Days
0.0988%   0.06595990   2 Days
0.0988%   0.01322782   2 Days



When you offer a loan at -say- 0.1% there is a big chance it will be taken within 15 minutes or so, because above are only small amounts (in this scenario).

I've had rates as low as 0.015% and as high as 0.6789% - sometimes even better rates were available.

Poloniex will take 15% of your earnings.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
May 22, 2017, 08:04:25 AM
#17
Is Lending on POLONIEX any good? I mean do people make decent money out of lending there and if you start lending what is the minimum you need to make a decent bit. Say I want to earn 50 usd a month from lending, how much Bitcoin do I need to have on sight to generate 50 bucks a month profit? I am seriously thinking about lending as a passive form of income so need to know roughly how much would be needed to generate that.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
May 22, 2017, 03:37:33 AM
#16
Other than the lending service through our forum, poloniex has gained good reputation in the loan activities. It has gained a good reputation as it follows certain stepped process on loan approval. With our forum it's quite risk as there are newbies who request submitting fake collateral. This causes loss to the lender.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
May 22, 2017, 02:51:18 AM
#15
Since we already talked about poloniex, I also have a question regarding their verification process.
I read somewhere that when we are doing a level 2 verification (the one with the ID docs etc) we can't withdraw funds until the process is over.

My question is, if I start the process myself, will I still suffer the same problem, having my withdraws blocked until the process is over?
sr. member
Activity: 686
Merit: 250
May 21, 2017, 03:17:51 PM
#14
So anyone knows the real danger of this going wrong, and me ending up losing my coins?
The dangers are just that the exchanges that offer these services are extremely poorly regulated, and that's a much higher risk than you might think at first.

A lot of people have already been complaining about slow withdrawals and extremely suspicious "DDoS attacks" with Poloniex.  Meanwhile Bitfinex doesn't process USD withdrawals or deposits, and even Liqui.io could become questionable at any point.

Margin lending is okay but you should be extremely careful about when you take your Bitcoin on and off different exchanges.  No one should treat exchanges as a wallet, so no one should hold all their funds in exchanges for any other reasons at all.

The danger is the exchange itself go down, close, runway suffer a real or fake hack.
I´ve read somewhere that in a serious and fast dump of a high volume of coins the lost for the lender could be to high and to fast so that the loan could be in default. I´m not sure if i read it right, because they say you have to have the ammount has collateral.
So i think the real danger as stated before is the exchange itself. as there is no kind of regulation, there can be a day when the guys decide to retire to an island with the users money. But that is true to money in lending as to the money in exchange or margin.
hero member
Activity: 574
Merit: 500
ClaimWithMe - the most paying faucet of all times!
May 21, 2017, 12:16:49 PM
#13
So anyone knows the real danger of this going wrong, and me ending up losing my coins?
The dangers are just that the exchanges that offer these services are extremely poorly regulated, and that's a much higher risk than you might think at first.

A lot of people have already been complaining about slow withdrawals and extremely suspicious "DDoS attacks" with Poloniex.  Meanwhile Bitfinex doesn't process USD withdrawals or deposits, and even Liqui.io could become questionable at any point.

Margin lending is okay but you should be extremely careful about when you take your Bitcoin on and off different exchanges.  No one should treat exchanges as a wallet, so no one should hold all their funds in exchanges for any other reasons at all.
sr. member
Activity: 686
Merit: 250
May 21, 2017, 09:50:08 AM
#12
Bitfinex offers loans as well. Liqui.io as a lending service that is a little bit diferent.
They have 300 BTC and 10000 ETH available for lending for a fixed 24% yearly, i think its 0,066 a day. It comes from the fees they charge from trading and you have to wait for a part of those 300 or 10000 to be available.

Liqui exchange is a massive joke. They promise people 24% APR, but if you look at how they will generate this interest, then it obviously will give them a hard time with their insignificant trading volumes. And then we still have the main question open -- how much of their already insignificant volume is legit? It could very well be that they artificially wants you to believe that this exchange is active, while in reality, that's not the case.
With any new business you will always have the legitimacy problem on the table. As for how they will generate the profit for me its simple math. they limit the loan volume to 300 BTC overall. Its not 300 BTC per person. They only accept 300 BTC. from that they give 24 anually, 0.066% a day from the fees they collect. the fees are 0,35 (0,25+0,1). So they are offering 0,066 out of 0,35, not on all volume but on 300BTC. Its a way to do some marketing and publicity, maybe cheaper than some signature campaigns.
As for legitimacy, i wont talk about it because no one really nows if they close the site 5 minutes after i post this.
legendary
Activity: 1190
Merit: 1024
May 20, 2017, 09:59:35 PM
#11
I think bitfinex is the only one that have similar lending feature, all other exchange platform have margin trading however don't allow users to lend their coins for those margin trading. Personally i don't like to even have 1 satoshi in bitfinex because their level of security is a big joke.

Bitfinex lending service is a good one but their trust have been shaken.  I no longer put my bitcoins in Bitfinex but i still see many people use their service, both lending and trading even knowing the fact that they were hacked last year and history can repeat itself.
sr. member
Activity: 966
Merit: 342
May 20, 2017, 10:22:27 AM
#10
I'm enjoying poloniex, but I guess I will check bitfinex as well. Maybe the lending rates are better.
Also, I've just started doing this, and the income I get is definitely much better than the one I would get from a bank investment, even doing some risk investment.
Please mind to share how often your capitals are being availed by traders and how many percentage you are making on daily basis.

I read somewhere like there are more lenders than traders who prefer margin trading hence lenders and their funds are on queue to be picked by future margin trader, is it true ?
If you are making good returns, I guess people here are still struggling with lending based business due to unawareness.

https://poloniex.com/support/aboutMarginTrading/

Lending rates differ frequently. At this time loan offers are from 0.1 - 0.1925 % for the first 10 BTC. This is a daily rate (!) offered for 2 days up to 60 days.

When you lend money it is for the fixed period; you can't withdraw earlier then the offered 2 (or more) days. The trader however can decide to repay earlier. That's why I use Poloniexlendingbot.com (there are several different bots, this one has 10% fee, but there are bots without fee available). The bot frequently looks if money is paid back and set the money for a new loan offer for the rate of that moment. (I had sometimes loans for over 0.015 up to over 0.66% per day)

When the trader is going to loose money because of bad trades, then Poloniex can decide to do a forced liquidation to make sure the lender will have his money back.

The most important risks:
- Poloniex going bankrupt or being hacked
- When there is a major drop in value so big and/or fast that Poloniex isn't able to recover your money in case of a forced liquidation

I'm however not aware any of those happened in the recent past.
legendary
Activity: 1652
Merit: 1057
May 20, 2017, 10:10:39 AM
#9
I'm enjoying poloniex, but I guess I will check bitfinex as well. Maybe the lending rates are better.
Also, I've just started doing this, and the income I get is definitely much better than the one I would get from a bank investment, even doing some risk investment.
Please mind to share how often your capitals are being availed by traders and how many percentage you are making on daily basis.

I read somewhere like there are more lenders than traders who prefer margin trading hence lenders and their funds are on queue to be picked by future margin trader, is it true ?
If you are making good returns, I guess people here are still struggling with lending based business due to unawareness.
sr. member
Activity: 784
Merit: 282
May 20, 2017, 06:33:29 AM
#8
I believe only poloniex is the versatile provider here. It covers altcoin trading+lending+margin trading.

Bittrex has margin trading but no lending facility. Margin trading is available only to top verified account holders.

Kraken, cex.io, huobi are having margin trading for fiat based trading. Yet no lending possible.

Bitfinex is another leader but in bitcoin trading. They offer both lending and margin trading.

(I guess this topic leads to a useful service discussion topic of listing out exchanges and it's services in margin trading/lending.)

I'd second poloniex. Its really simple to use from experience they allow you to loan 2x of the amount that you currently have. User guides are directly available on their website.

Although there are some times that poloniex lags, it should only be temporary as they are in the process of upgrading their servers. Or so they say.
hero member
Activity: 2660
Merit: 551
May 20, 2017, 05:31:08 AM
#7
I'm enjoying poloniex, but I guess I will check bitfinex as well. Maybe the lending rates are better.
Also, I've just started doing this, and the income I get is definitely much better than the one I would get from a bank investment, even doing some risk investment.

So anyone knows the real danger of this going wrong, and me ending up losing my coins?

Also mobnepal why do you say that about bitfinex? Do you know anyone who had problems with it?
Right now I will check the rates, but I don't want to take unnecessary risks.

If I may chime in. Maybe mobnepal was referring to $60 million bitfinex hacked on 2016. That's why it was no longer a trusted site for most of us casual traders. You wouldn't imagine sitting your ETH/BTC on that site for lending then suddenly it was hacked so all your precious coins gone just like that. So just be cautious putting 100% of your btc on bitfinex or any other exchanges for that matter.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
May 20, 2017, 04:40:36 AM
#6
I'm enjoying poloniex, but I guess I will check bitfinex as well. Maybe the lending rates are better.
Also, I've just started doing this, and the income I get is definitely much better than the one I would get from a bank investment, even doing some risk investment.

So anyone knows the real danger of this going wrong, and me ending up losing my coins?

Also mobnepal why do you say that about bitfinex? Do you know anyone who had problems with it?
Right now I will check the rates, but I don't want to take unnecessary risks.
legendary
Activity: 1218
Merit: 1006
May 18, 2017, 02:02:24 PM
#5
I think bitfinex is the only one that have similar lending feature, all other exchange platform have margin trading however don't allow users to lend their coins for those margin trading. Personally i don't like to even have 1 satoshi in bitfinex because their level of security is a big joke.
legendary
Activity: 1232
Merit: 1091
May 18, 2017, 12:57:17 PM
#4
Bitfinex offers loans as well. Liqui.io as a lending service that is a little bit diferent.
They have 300 BTC and 10000 ETH available for lending for a fixed 24% yearly, i think its 0,066 a day. It comes from the fees they charge from trading and you have to wait for a part of those 300 or 10000 to be available.

Liqui exchange is a massive joke. They promise people 24% APR, but if you look at how they will generate this interest, then it obviously will give them a hard time with their insignificant trading volumes. And then we still have the main question open -- how much of their already insignificant volume is legit? It could very well be that they artificially wants you to believe that this exchange is active, while in reality, that's not the case.
sr. member
Activity: 686
Merit: 250
May 18, 2017, 12:45:40 PM
#3
Bitfinex offers loans as well. Liqui.io as a lending service that is a little bit diferent.
They have 300 BTC and 10000 ETH available for lending for a fixed 24% yearly, i think its 0,066 a day. It comes from the fees they charge from trading and you have to wait for a part of those 300 or 10000 to be available.
legendary
Activity: 1442
Merit: 1025
May 18, 2017, 11:36:11 AM
#2
I believe only poloniex is the versatile provider here. It covers altcoin trading+lending+margin trading.

Bittrex has margin trading but no lending facility. Margin trading is available only to top verified account holders.

Kraken, cex.io, huobi are having margin trading for fiat based trading. Yet no lending possible.

Bitfinex is another leader but in bitcoin trading. They offer both lending and margin trading.

(I guess this topic leads to a useful service discussion topic of listing out exchanges and it's services in margin trading/lending.)
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
May 18, 2017, 11:08:04 AM
#1
Hi, I've joined poloniex, and I tried some trading, but then I saw the lending options they had.
We can offer loans, that are used for margin trading, everything is run by the site, so we don't even have to deal with the users.
Right now it seems safe, and I like that option.
I'm still new to the exchanges and trading area with BTC, so my questions is:

Are there more exchanges that offer this kind of options, and if so, are they as safe as poloniex, and do they offer better % on average, etc?
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