Bitcoin Forum

I have only traded on bitfinex.  Done lots of large leveraged trades, both going long and shorting it.  Could anyone chime in on how lending as been (ie how fast orders have been filled/ % of times orders are canceled early due to trader closing position) ?

I used to lend back when interest rates were generous, though now I feel the risk is too high for the mediocre returns.

The length of time people keep their positions depends on how long you have it set for and the market. It really varies - I usually set it at 2 days and 75% of loans probably last the full 2 days. However, people closing loans isn't really an issue if you just set everything to Notify or set it on autorenew.

Orders are usually filled pretty fast. It's not worth it to get fancy, unless you're lending six or seven figures. Just put in an order around around the current market value and someone will pick it up soon. If you put all your money in one order at a single price point, you're more likely to get one major borrower. This can have advantages and disadvantages - the advantage is that you don't have to keep lending out bits and pieces, while the disadvantage is that you may get stuck with all your money tied up when you need to use it.

Autorenew + flex rate is not as profitable as doing it yourself, but saves a lot of time. You should determine which approach works best for your own situation.