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Title: bitcoin margin landing , is it safe? Post by: Antonioz on March 11, 2016, 05:45:02 PM hello, I noticed that in a few exchanges there is the option to lend btc and earn an interest, for example I can lend a btc for margin trading and make 0.2% a day, is this safe or do I risk to lose btc if something goes wrong? (besides the exchange possibly failing or being hacked I mean), do some of you do it and what are your experiences? thanks
Title: Re: bitcoin margin landing , is it safe? Post by: greBit on March 11, 2016, 06:23:03 PM hello, I noticed that in a few exchanges there is the option to lend btc and earn an interest, for example I can lend a btc for margin trading and make 0.2% a day, is this safe or do I risk to lose btc if something goes wrong? (besides the exchange possibly failing or being hacked I mean), do some of you do it and what are your experiences? thanks My personal advice is to not lend BTC. As its more chance that it can be hacked. I have seen my friend who lost his money by lending. but there are many ways where you can earn more but this lending wont be the best possible way. Title: Re: bitcoin margin landing , is it safe? Post by: Patatas on March 11, 2016, 08:32:24 PM That depends on the website you're risking your money with.Such services are offered by peer to peer loan based providers such as getline/btcjam etc .You will not be risking any money but interest rates might occur slow as a snail to some people.If you really want to invest on something better,try other trading strategies,though this involves risks it works out in the long run.
Title: Re: bitcoin margin landing , is it safe? Post by: The Sceptical Chymist on March 11, 2016, 09:16:44 PM This is interesting--with normal brokerages (stocks), it's kind of normal business-as-usual to trade on margin. In the land of bitcoin, I would be extremely careful. You know the history of these exchanges. I can see if bitcoin shot up in value some of them claiming they got "hacked", etc.
You might try it with a small amount, but I'd probably stay away. Margin trading for those who are borrowing can be dangerous. Title: Re: bitcoin margin landing , is it safe? Post by: HeroCat on March 12, 2016, 02:35:41 PM If you are almost sure for 110%, that you will win, you can lend. But all Forex market is more or less risky. ;)
Title: Re: bitcoin margin landing , is it safe? Post by: watashi-kokoto on March 12, 2016, 05:42:13 PM thanks If you believe that storing coins or cash on exchanges is OK and safe, then do it ;D Title: Re: bitcoin margin landing , is it safe? Post by: Antonioz on March 12, 2016, 05:52:13 PM as I said in my question, I asked if it's safe besides the possibility of exchange going bankrupt or being hacked, that's not what I was asking, I was asking if it's safe meaning if BESIDES this usual risks of storing my coins in an exchange I don't risk of loosing btc, anyway, it sounds like it's not the best thing to do so I might just avoid it :) thanks for all your answers
Title: Re: bitcoin margin landing , is it safe? Post by: Amph on March 13, 2016, 07:05:42 AM what exchange is this btw? if it is a big exchange like kraken or akin, i may try with 1 btc first, if it is a small exchange for altcoin only then i would avoid it
Title: Re: bitcoin margin landing , is it safe? Post by: gilangIDR on March 13, 2016, 07:30:56 AM if you have a credible and reliable exchange should the price difference will not be too far away.
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