LakeBTC seems to have offered.
It's 0 trading fee with cny/btc, and we can deposit usd to do cny trading, I think you will like it.
Topic: Why don't exchanges offer interest on your balance? (Read 1132 times)
With all the new alt coins being traded these days I started wondering about why no exchange has offered "interest" payments for leaving certain coins on their site.
Many new coins are Proof-of-Stake, or like Darkcoin have a way for large wallets to earn via the masternode system. It seems to me if an exchange offered its earnings on such accounts back to its customers, they could secure a significant portion of the market volume.
I know its never good to leave coin on an exchange, but even small account balances would earn. The exchange still gets its money via trade fees, its just that now the trader has an opportunity to make some if it back through interest.
Anybody else have ideas on this?
Many new coins are Proof-of-Stake, or like Darkcoin have a way for large wallets to earn via the masternode system. It seems to me if an exchange offered its earnings on such accounts back to its customers, they could secure a significant portion of the market volume.
I know its never good to leave coin on an exchange, but even small account balances would earn. The exchange still gets its money via trade fees, its just that now the trader has an opportunity to make some if it back through interest.
Anybody else have ideas on this?
Why they want offer you for interest , you can withdraw your fund any time or they take your money invest on other stuff or they are not big enuff .
With all the new alt coins being traded these days I started wondering about why no exchange has offered "interest" payments for leaving certain coins on their site.
You mean like https://mcxnow.com/features.html ?Quote
What is this "interest on deposits" thing everyone's raving about?
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Lol mcxnow.
Realsolid can be an above average asshole purely by chance and his exchange cater to specific users (that don't forget things when we have information storage facilities available to the masses for over 6000 years). You can also check his volumes and see that besides the new coins bribes, he doesn't make much from the exchange, so his business idea to cash in thousands of bitcoins worth of shares and then shake the weak hands by abusing control seems to have worked for him in the short term. About your linked article, how would you resolve the support discussion? Have you considered another technical scenario?Mcxnow appears to offer "interest" which is not actually interest but a share of income spread based on account holdings.
However, the primary role of an exchange is to offer perfect liquidity and hold onto customer funds. There is no allowed activity to permit "interest" generation. Customers that desire interest must use their funds for market support and offer liquidity and obtain benefits from this.
With all the new alt coins being traded these days I started wondering about why no exchange has offered "interest" payments for leaving certain coins on their site.
You mean like https://mcxnow.com/features.html ?Quote
What is this "interest on deposits" thing everyone's raving about?
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Lol mcxnow.
http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/mcxnow-a-scam-cryptocurrency-exchange-that-stole-over-4-million-from-customers/
https://bitcointalksearch.org/topic/realsolidmcxnow-scam-at-it-again-553528
Stay away from that place
With all the new alt coins being traded these days I started wondering about why no exchange has offered "interest" payments for leaving certain coins on their site.
You mean like https://mcxnow.com/features.html ?Quote
What is this "interest on deposits" thing everyone's raving about?
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Every 6 hours, 25% of ALL FEES generated by the exchange will be distributed to users who deposit their currencies at mcxNOW! Exchange
Ha ha, Vircurex offered and offers interest. Then they promptly Lost All the Coins (TM).
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
Depends on the business they are in. If its a normal exchange then they might want to get more trades with it when this exchange is similar to another. In case of playtin they want users to have coins deposited because they hope that it leads to some of them playing in the casino...
This is what I was getting at. If an exchange offers interest on your coins there is more incentive for you to keep them there and trade. The exchange makes out on the trade fees, much like a casino would make money on user's gambling.
I like the idea of exchanges and casinos paying interest on balances as a form of marketing. However, you do have to trust them to be really doing only that.
Ha ha, Vircurex offered and offers interest. Then they promptly Lost All the Coins (TM).
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
Depends on the business they are in. If its a normal exchange then they might want to get more trades with it when this exchange is similar to another. In case of playtin they want users to have coins deposited because they hope that it leads to some of them playing in the casino...
This is what I was getting at. If an exchange offers interest on your coins there is more incentive for you to keep them there and trade. The exchange makes out on the trade fees, much like a casino would make money on user's gambling.
Ah ok... i thought the cautious was meant because you think thats a fishy behaviour.
Ha ha, Vircurex offered and offers interest. Then they promptly Lost All the Coins (TM).
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
Depends on the business they are in. If its a normal exchange then they might want to get more trades with it when this exchange is similar to another. In case of playtin they want users to have coins deposited because they hope that it leads to some of them playing in the casino...
This is what I was getting at. If an exchange offers interest on your coins there is more incentive for you to keep them there and trade. The exchange makes out on the trade fees, much like a casino would make money on user's gambling.
I'm not sure about all PoS coins, but with PPCoin (for example) you have to leave the wallet unencrypted to stake the coins...so...probably not best security practice for the exchange.
But I'm no expert on all the stake coins, so maybe some of them can securely stake?
But I'm no expert on all the stake coins, so maybe some of them can securely stake?
This is the biggest concern I had with POS coins. An exchange would need to have strong enough security to prevent a breach all together, otherwise all coins are lost.
But what about Masternodes in darksend?. If an exchange has 1000 drk sitting in cold storage for user funds they could run a masternode.
Also does anybody know why POS requires a wallet to be unlocked? I've never seen a coin that stakes with encrypted wallets.
Ha ha, Vircurex offered and offers interest. Then they promptly Lost All the Coins (TM).
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
Depends on the business they are in. If its a normal exchange then they might want to get more trades with it when this exchange is similar to another. In case of playtin they want users to have coins deposited because they hope that it leads to some of them playing in the casino...
Ha ha, Vircurex offered and offers interest. Then they promptly Lost All the Coins (TM).
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
If a firm is offering interest it means they are probably using your coins for something else while you hold them there. I would be cautious.
Good Luck!
You can use playtin for that. They pay 4% per year for coins lying there. Though they arent a really big exchange, only trading some coins and the trading system is not as advanced as from other exchanges.
I'm not sure about all PoS coins, but with PPCoin (for example) you have to leave the wallet unencrypted to stake the coins...so...probably not best security practice for the exchange.
But I'm no expert on all the stake coins, so maybe some of them can securely stake?
But I'm no expert on all the stake coins, so maybe some of them can securely stake?
With all the new alt coins being traded these days I started wondering about why no exchange has offered "interest" payments for leaving certain coins on their site.
Many new coins are Proof-of-Stake, or like Darkcoin have a way for large wallets to earn via the masternode system. It seems to me if an exchange offered its earnings on such accounts back to its customers, they could secure a significant portion of the market volume.
I know its never good to leave coin on an exchange, but even small account balances would earn. The exchange still gets its money via trade fees, its just that now the trader has an opportunity to make some if it back through interest.
Anybody else have ideas on this?
Many new coins are Proof-of-Stake, or like Darkcoin have a way for large wallets to earn via the masternode system. It seems to me if an exchange offered its earnings on such accounts back to its customers, they could secure a significant portion of the market volume.
I know its never good to leave coin on an exchange, but even small account balances would earn. The exchange still gets its money via trade fees, its just that now the trader has an opportunity to make some if it back through interest.
Anybody else have ideas on this?
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