lending on poloniex and bitfinex - page 2.

ArdiPrabowo

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Quote from: Atij on April 03, 2017, 08:47:01 PM

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

lending in market poloniex or bitfinex about suply and demand
demand lending in poloniex is very high, if suply low so can incraese price about lending
is same case in bitfinex too

bluefirecorp

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It is just like a regular stock market, well in stock market the arbitrage is smaller since there are millions of traders and billions of dollars searching for difference but to be precise there are still tiny differences.

Exactly like that on poloinex and bitfinex because there is a volatile environment and the prices are supply and demand type.

Atij

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Quote from: Quickseller on April 05, 2017, 01:11:38 AM

poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

Thank you a lot. It was only one idea i had. But few days ago Bitfinex as i understand changed/update policy about BTC Hard Fork, and it`s did not affect to rates. then i decide to make this topic and was very surprised when saw that looks like nobody knows answer.

May be you know other places to lend Bitcoins on exchanges? ( no 2p2 lending like BitBond )

pinkflower

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Quote from: numismatist on April 04, 2017, 03:03:30 AM

Quote from: Atij on April 03, 2017, 08:47:01 PM

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

For your information Bitfinex are taking their tokens off the market because it has achieved its purpose and they are starting to repay their customers who had funds stolen because of the hack. Good job on them for not scamming the community.

Quickseller

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poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

Ayers

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Quote from: educated on April 04, 2017, 04:41:56 AM

Is lending worth the risk though? Never done it, but might be interested.

there is no risk if you done on poloniex, they cover your ass with collateral and the borrower can't be unsolved, but the gain is very minimal, only 0.02% which is ridiculous for me, not going to wast time on that revenue, btjam offer higher revenue but more scammy, or try in the lending section, but you need a good collateral like an altcoin

Atij

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new signature in honor of this topic. Tongue

SONG GEET

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Quote from: educated on April 04, 2017, 04:41:56 AM

Is lending worth the risk though? Never done it, but might be interested.

I don't even think of having small amount of bitcoin in bitfinex because they have been hacked more than once in past.

But lending in polo can be worth and also quite risk free. However don't dream of making huge profit by lending there.

Atij

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Quote from: numismatist on April 04, 2017, 03:03:30 AM

Quote from: Atij on April 03, 2017, 08:47:01 PM

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

To be honest i did not understand this explanation Sad

I am lending now on poloniex, but i do not want keep all my money for lending in one place.

So i am looking for other places, if you, guys know other place to lend ( except p2p like BitBond ), please tell me

K128kevin2

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Quote from: educated on April 04, 2017, 04:41:56 AM

Is lending worth the risk though? Never done it, but might be interested.

I can't speak for Bitfinex but the only risk on Poloniex is the exchange getting hacked and somebody taking all of the coins.
Ignoring that, the risk is nonexistent. That's why the rates are so low.

educated

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Is lending worth the risk though? Never done it, but might be interested.

numismatist

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Quote from: Atij on April 03, 2017, 08:47:01 PM

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

Atij

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hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Topic: lending on poloniex and bitfinex - page 2. (Read 2383 times)