Offering BTC swaps on Bitfinex | Bitcointalksearch.org

Simon8x

hero member

Activity: 568

Merit: 500

Quote from: Elwar on December 17, 2014, 12:31:18 PM

There is also the risk of having your bitcoins on a third party client.

The 1-2% yearly rate of return you would receive is not worth, in my opinion, not holding your own private key. Though BitFinex has been around for a while they could still disappear tomorrow and you'd be screwed.

https://www.bitfinex.com/pages/stats
CMIIW, the average daily return rate is 0.0152%, so it will be a yearly return of 5.5% without compounding. But I agree with you that the risk is too high when compared with the potential return.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

There is also the risk of having your bitcoins on a third party client.

The 1-2% yearly rate of return you would receive is not worth, in my opinion, not holding your own private key. Though BitFinex has been around for a while they could still disappear tomorrow and you'd be screwed.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: Elwar on December 17, 2014, 12:26:40 PM

Quote from: WiiD on December 17, 2014, 11:31:30 AM

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days Rate Amount
10 0.012% 7.45

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yes, the lending rates on BitFinex for lending bitcoins are very low.

But it is one of the few places you can securely lend bitcoins and get a return.

Lending fiat yields more but you run into the problem where you could have used that fiat to buy Bitcoin and received a much higher return.

Very true but still what they offer is redic...

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: WiiD on December 17, 2014, 11:31:30 AM

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days Rate Amount
10 0.012% 7.45

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yes, the lending rates on BitFinex for lending bitcoins are very low.

But it is one of the few places you can securely lend bitcoins and get a return.

Lending fiat yields more but you run into the problem where you could have used that fiat to buy Bitcoin and received a much higher return.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: WiiD on December 17, 2014, 11:31:30 AM

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days Rate Amount
10 0.012% 7.45

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yea bro that is retarded... I easily give you .1% on bitcoins you lend me, especially since we make a few percent's everyday every market. PM ME for more info

WiiD

sr. member

Activity: 756

Merit: 250

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days Rate Amount
10 0.012% 7.45

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Topic: Offering BTC swaps on Bitfinex (Read 932 times)