Is the lending section of Poloniex risk free

Regionit

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Quote from: NorthPixel on September 29, 2016, 01:09:54 PM

Quote from: romanlanskoj on September 19, 2016, 01:21:37 PM

Quote from: ri80va on March 30, 2016, 04:04:41 AM

to much risk at this loan rate of 0.06%

there are to many lenders and loan rate goes down

Litecoin landing is 0.0001% per day the last week
You can ask ever 100 BTC in Litecoins for rate less then 0.005%

But sometimes your position will be automatically closed if there are no lending offers in your price after 2 days.
Ripple Landing for short positions was 4.4% per day 2 days ago (17 september 2016)

I saw similar interest rate for the bitcoin a few weeks ago, but that is just for very short period of time.

The interest has dropped to about 0.021% now. There is very quite market for the altcoin at the moment.

NorthPixel

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Quote from: romanlanskoj on September 19, 2016, 01:21:37 PM

Quote from: ri80va on March 30, 2016, 04:04:41 AM

to much risk at this loan rate of 0.06%

there are to many lenders and loan rate goes down

Litecoin landing is 0.0001% per day the last week
You can ask ever 100 BTC in Litecoins for rate less then 0.005%

But sometimes your position will be automatically closed if there are no lending offers in your price after 2 days.
Ripple Landing for short positions was 4.4% per day 2 days ago (17 september 2016)

I saw similar interest rate for the bitcoin a few weeks ago, but that is just for very short period of time.

romanlanskoj

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Quote from: ri80va on March 30, 2016, 04:04:41 AM

to much risk at this loan rate of 0.06%

there are to many lenders and loan rate goes down

Litecoin landing is 0.0001% per day the last week
You can ask ever 100 BTC in Litecoins for rate less then 0.005%

But sometimes your position will be automatically closed if there are no lending offers in your price after 2 days.
Ripple Landing for short positions was 4.4% per day 2 days ago (17 september 2016)

romanlanskoj

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Quote from: crazyivan on March 26, 2016, 02:02:33 AM

Lending interest rate s dropping rapidly. As with everything else, good stuff get saturated fast. I expect Polo to get to the Bitfinex rates very soon.

Interest rate for lending here is per 24 hours.
That is calculated every minute but only credited to your balance when the loan expires or is returned to you.

sanadas

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The daily interest is only 0.05% now. So if you lend out at this rate for a few days, and the interest jumps to 0.1%, you will lose out.

European Central Bank

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New feature on a previously hacked exchange. I'd let some others spend a while doing it and report back before taking the plunge.

Snorek

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Unless you are a whale willing to risk your fortune of earning fractures of percent on not certain investment then be my guest.
As others said - it USED to be profitable method of earning money when rate was 1% and more a day.
Times have changed and it lending is not good as it used to be anymore.

Catlonid

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Quote from: NorthPixel on March 27, 2016, 03:17:39 AM

Quote from: socks435 on March 26, 2016, 12:25:15 PM

Quote from: crazyivan on March 26, 2016, 11:48:24 AM

Quote from: Qartada on March 26, 2016, 08:47:47 AM

Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

It is per day interest.

It WAS 1% per day. Havent seen that interest for a couple of weeks now.

yeah 1% per day interest and its the best way to earn if you have a bitcoin to lend there..
Better to start lending there if you have bitcoin savings so you can make profit day by day..

1% daily was when the Ethereum price went crazy. The interest is around 0.13% in the last few days.

The loan rate is around 0.05% per day now. There is no much point to lend there. There is risk and the rate is too low.

ri80va

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to much risk at this loan rate of 0.06%

there are to many lenders and loan rate goes down

NorthPixel

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Quote from: socks435 on March 26, 2016, 12:25:15 PM

Quote from: crazyivan on March 26, 2016, 11:48:24 AM

Quote from: Qartada on March 26, 2016, 08:47:47 AM

Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

It is per day interest.

It WAS 1% per day. Havent seen that interest for a couple of weeks now.

yeah 1% per day interest and its the best way to earn if you have a bitcoin to lend there..
Better to start lending there if you have bitcoin savings so you can make profit day by day..

1% daily was when the Ethereum price went crazy. The interest is around 0.13% in the last few days.

socks435

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Quote from: crazyivan on March 26, 2016, 11:48:24 AM

Quote from: Qartada on March 26, 2016, 08:47:47 AM

Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

It is per day interest.

It WAS 1% per day. Havent seen that interest for a couple of weeks now.

yeah 1% per day interest and its the best way to earn if you have a bitcoin to lend there..
Better to start lending there if you have bitcoin savings so you can make profit day by day..

crazyivan

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Quote from: Qartada on March 26, 2016, 08:47:47 AM

Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

It is per day interest.

It WAS 1% per day. Havent seen that interest for a couple of weeks now.

Qartada

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Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

It is per day interest.

Pursuer

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Quote from: XERES on March 04, 2016, 09:53:05 AM

one of the three main headers is lending, where you can give your btc to other traders under a loan basis, is this risk free ?
what happens if they fault on the loan?

everything has its own risks, you will never find something that has 0 risk.
besides ever since cryptsy I personally never trust any other exchanger at all, and although lending is performed peer to peer there is still risk of exchanger going down.
also the borrower can lost on his trades and be unable to pay back, all these risks are small but not zero.

crazyivan

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Quote from: iTradeChips on March 25, 2016, 07:03:15 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

Lending interest rate s dropping rapidly. As with everything else, good stuff get saturated fast. I expect Polo to get to the Bitfinex rates very soon.

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Quote from: clf99 on March 24, 2016, 05:46:00 PM

Quote from: coinyard on March 11, 2016, 09:54:32 AM

Quote from: NorthPixel on March 10, 2016, 04:43:05 PM

Quote from: lemipawa on March 10, 2016, 05:36:32 AM

I havent tried the lending or borrowing from poloniex but I think thier investment with lending bitcoins to polonix users are secured with the altcoins stored in poloniex by the borrower. Just like in the lending section in this forum, collateral can be alts that borrowers dont want to let go.

The problem is that the collateral could drop 60% in value within a few seconds. The Poloniex might not have time to sell the altcoin and recover the bitcon for the lender.

Has this event happened in the history of the lending business of Poloniex? When the borrower borrow bitcoin, is there a restriction on what they can buy?

it has probably not. however, it eventually will, with absolute certainty. Recently it happened in the 'real' world with the swiss franc and some companies, like Interactive Brokers, had to eat a bunch of losses when the trader couldn't pay up. When this happens, and it will, the question is whether Polo will eat it in order to have rep in the market or whether they will say 'too bad so sad'.

This might be years, but it must happen eventually. It's a black swan kind of thing. Markets always have this problem eventually. It's just rare, so nobody prepares. I'm not sure how you would actually.

In the end you just can't remove the risks can you. Well I'll give this lending on Polo a try. Nothing risked nothing gained IMO.

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Quote from: ronaldinho_07 on March 06, 2016, 02:42:58 PM

Well in the past i were just trading altcoins with my bitcoins ,buying and selling till the day they offer the loan service and after a deep research its 99.9%safe to lend your bitcoins as no one can withdraw any cent before pay the loans,and to get a loan they need to put some coin into margin trade,that works like colateral,the usually interest is under 0,05% but these days with market of altcoins hot,being eth one of the involved the interest has achieve 1% and above .

i got interested in poloniex when i saw their daily volume and the lending thing. when we say 1% interest rate is that per day or what?

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Quote from: coinyard on March 11, 2016, 09:54:32 AM

Quote from: NorthPixel on March 10, 2016, 04:43:05 PM

Quote from: lemipawa on March 10, 2016, 05:36:32 AM

I havent tried the lending or borrowing from poloniex but I think thier investment with lending bitcoins to polonix users are secured with the altcoins stored in poloniex by the borrower. Just like in the lending section in this forum, collateral can be alts that borrowers dont want to let go.

The problem is that the collateral could drop 60% in value within a few seconds. The Poloniex might not have time to sell the altcoin and recover the bitcon for the lender.

Has this event happened in the history of the lending business of Poloniex? When the borrower borrow bitcoin, is there a restriction on what they can buy?

it has probably not. however, it eventually will, with absolute certainty. Recently it happened in the 'real' world with the swiss franc and some companies, like Interactive Brokers, had to eat a bunch of losses when the trader couldn't pay up. When this happens, and it will, the question is whether Polo will eat it in order to have rep in the market or whether they will say 'too bad so sad'.

This might be years, but it must happen eventually. It's a black swan kind of thing. Markets always have this problem eventually. It's just rare, so nobody prepares. I'm not sure how you would actually.

coinyard

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Quote from: NorthPixel on March 10, 2016, 04:43:05 PM

Quote from: lemipawa on March 10, 2016, 05:36:32 AM

I havent tried the lending or borrowing from poloniex but I think thier investment with lending bitcoins to polonix users are secured with the altcoins stored in poloniex by the borrower. Just like in the lending section in this forum, collateral can be alts that borrowers dont want to let go.

The problem is that the collateral could drop 60% in value within a few seconds. The Poloniex might not have time to sell the altcoin and recover the bitcon for the lender.

Has this event happened in the history of the lending business of Poloniex? When the borrower borrow bitcoin, is there a restriction on what they can buy?

NorthPixel

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Activity: 314

Merit: 250

Quote from: lemipawa on March 10, 2016, 05:36:32 AM

I havent tried the lending or borrowing from poloniex but I think thier investment with lending bitcoins to polonix users are secured with the altcoins stored in poloniex by the borrower. Just like in the lending section in this forum, collateral can be alts that borrowers dont want to let go.

The problem is that the collateral could drop 60% in value within a few seconds. The Poloniex might not have time to sell the altcoin and recover the bitcon for the lender.

Topic: Is the lending section of Poloniex risk free (Read 13498 times)