Bitcoin Forum

I see on Poloniex two boxes. Loan offers and Loan demand. I just can accept a demand if I have the full amount they are asking for? Or can I lend what I have (less than what they are looking for)?

And is it 100% sure to receive my money back with interest?

I don't know if you can fund a loan a loan partially or you need to fill it whole.
As for if the money will be returned, this has been asked fr a couple of times around here.

According to their terms:
Although Poloniex takes several precautions to prevent a user from defaulting on a loan, the high volatility and substantial risk of illiquidity in markets means that Poloniex cannot make any guarantees against default. When you lend to other users using the Platform’s P2P lending system, you risk the loss of an unpaid principle if the borrower defaults on a loan and liquidation of the borrower's account fails to raise sufficient funds to cover his or her debt.

 You can rea more in here: https://m.poloniex.com/terms/

U need to register and then u ll see more options. Basically u set your loan conditions and wait for someone to accept those. There s no 100% when talking about crypto. An exchange can always close down and run but yes, it s much safer then classic lending cause lenders cannot default.

Just place your loan in the loan offer box - the automated bots tend to accept these offers (and they rarely place demands in the demand box). Set your offer just slightly lower than the other offers.

Apply risk management - break down your loan into lots of small offers, so if any of them go bad, you will have just lost a tiny amount. And make the loan for the minimum term (2 days).

FWIW I haven't get lost any coins while lending on Poloniex.

Looked, thanks.


Yes, I understand that sites can colapse anytime, but if the biggest risk is Poloniex closes, I think it's not a big risk.  :)


Break down into small offers like $10 dollars is enough?

No need to break it into smaller amounts. This is margin lending, your lenders cannot go default. The only risk is Poloniex website going down. Read their FAQ about margin lending and you ll understand how it works.

If the borrower borrow 1 BTC. He has 1 BTC already. But if the altcoin drops 90% very quickly, he will lose 1.8 BTC. So he cannot return the 0.8 to you.

Pls dont spread BS. Margin lending makes them always able to return what they ve lent.

Looks like poloniex still halving an issue.. any update for the site.. because i am planning to start lend bitcoins in the lending option.. 1% percent daily..

1% daily, u wont come even close to that. It used to be that rate long time ago but now lots of supply and not enough lenders. Still, good luck.

1%? Bruh. In your dreams... If my maths is not incorrect, that is an annual rate of 3678% (1.01^365*100 - 100).  Last time I checked, the rates were about 0.08%. Sometimes higher sometimes lower. That's about 38%.

That s under condition your fund re used 100% which is not possible. 1/3 of the time, maybe.

It's more like 0.04% or 0.05%. Sometimes during a pump it can go up to 0.17%, but have never seen 1%

I'm new in Poloniex lending , but in my experience the largest daily rate for btc was around 0.13% daily , most of the time it's between 0.04-0.07%
but in lending alts this may happen , I remember that I gave a Dash loan with 1.3% daily
everything is possible to happen with the rates , but don't expect that huge rate cause as I said usually it's between 0.04-0.07%

I ve been using them for quite some time. Now, it s not even close to what it used to be. To tell u the truth, current rates are not enough to cover the risk of potential default of the exchange. So I m going to pull my coins out.

oh didn't know that , would you please tell me what is the good rate in your opinion cause I find 1% monthly is good
what were the rates before ?? also do you know any similar site that offers the same lending platform ?

Yes, I would like to know too if there is another legit site with this lend option with similar or better rates. For me the 0.13% daily or each two days interest is acceptable, but if there is a risk to lose the money because alt-coins prices I think it's not a good deal.

Margin lending? Only Bitfinex but their rates are lower then Polo. 1% per month s fine but u cannot get anymore. For example, current BTC lending rate is 0.0386%, so 0.27% per week. But the problem is Polo takes 15% out of that as a fee and also there s no way u can get your coins lent 100% of the time, unless you use a bot. So, in really, at best, u can get 0.3-0.4% per month, which is still quite OK but not as it used to be.

Don't.Unlike other peer to peer exchanges ,poloniex barely believes in taking collateral from its members.Most of the loans are given on the basis of submitted documents which can be fake .ROI offered is very less ,plus there is no guarantee when the principal amount will be paid.Stick to BTCJam with trusted members.

This is such bad advice. No lender has lost money on Poloniex, but plenty have been scammed on BTCJam.

True. But in order for Polo rates to go up again, alts markets need to go green and stay green. Cause people lend coins to trade them expecting the price to rise. Very few people know how to short and make money. I dont think we ll see lots of alt green markets just before halving.

I'm using poloniex for trade as well as form lend a small amount. And i never had any problem with lending and as above mentioned, poloniex taking collateral from their users so even if the your loan taker has scammed you can still get your money back.

To be honest, you as lender have no collateral if control over collateral have someone else  - here Poloniex.

Is this safe? Ask Karpeles.. ;)

 ;D ;D ;D ;D ;D ;D

Polo s quite safe, they make a lot of money from their operations and the only real danger would be some form of hacking.

Where can we find the financial report of Poloniex? I trade some coins there, but not sure if it is really safe.

Well before you be able to get a loan you need to use the margin trade and put some coin into there,then when you get a loan you will know the interest you will have to pay ,and its a low fee,you cant withdraw the money out from poloniex soo you must invest it there soo i believe lending there is safe ,atleast your bitcoins will stay at the exchange and for my own experience i got paid for all lends i had there soo i cant complaint,the fee is very small and lower then here.

Just take a look at daily volumes and multiply that with their fees. Not to mention they take 15% fee from margin lending.

Yep. ETH has 13500 BTC volume today. Multiply that by the trading fee (let's just say that polo charges 0.17% on average), they get 13000 BTC * 0.0017 * 365 days * $400 = 3.2 million dollars a year easily. And that's just from ETH!

But I wonder how much bitcoin poloniex have in their bitcoin addresses though. I'm just worried that they have enough money to say "We have 20 million dollars worth of bitcoin? K. We'll shut down the site and claim it was hacked. Ez $20 mil."

I doubt they only have 20 milion inside them,sure when the pump starts and i remember something around 50k bitcoins around just eth besides the others altcoins,big holders,whales sure they moove their coins in and out avoiding taking huge risk and if something happens to poloniex they had taked out their main porfolio,playing with profit just.

What about Kraken? I see they re also developing their margin trading platform.

Poloniex still the best in lending because you have 1% daily interest if you start lend your money there..
But i dont know right now if poloniex still active because i heard that many hackers are monitoring this site..

They have margin trading but I don't think they have users lending. Instead the margin traders borrow from Kraken itself.

Yeah apart from that i find it quit dangerous to lend my money to someone i don't know by name. Remember we don't now how strict poloniex is practicing their rules which makes it hard to dertermine how risky i tis

I know that Poloniex is one from safest exchanges.. Kraken also.. Anyone know Bitmarket  ??? Or maybe even lending there?

Its not total Save to invest at Poloniex. My friend have been using them for quite some time. To tell u the truth, current rates are not enough to cover the risk of potential default of the exchange. So Its better not to invest there. If not worth earning so less on the expense of your huge investment. So be careful.

What kind of drugs are you on? Where do u see 1% daily interest rate? This used to be the case long time ago.

Those interest i had only see them when the pump at eth with over 40k of bitcoins happend and those lasted for a week 1% and 0.8% and i guess it had hitted even bigger but i werent online ,nowadays the interest is a lot less then those should be a minimum fee like those1% at the lending service,but knowing that poloniex taked measures to avoid people get loans and run away im happy to lend there.

In the latest pump of the Etheruem, the interest rate in the Poloniex is just around 0.03%, mostly below that.

I did inform myself on lending with their system, but when comparing the risks (which are quite high when it involves ANY form of margin trading)  vs the profit I decided it's better to let my spare btc be spare btc in my offline wallet.

The daily interest for bitcoin is just 0.02% at the moment. If you do a small trading, the profit can be 1%.

Well, pure lending on Polo s not profitable anymore. The rate s low cause of lending bots which have populated that market and keep it big time low.

It is because the bots auto-renew, and don't seem to distinguish between times when lending money is scarce and when it was not. I was lending Clams and getting good rates of about 0.3%. And then suddenly the auto-renew loans would be released and the rate would be back down to 0.01%. The thing to do is watch things, and when the money gets scarce and rates climb, offer the high rates for at least 20 days to lock in the high rate.

Ow never heard that rate its below 1% right now.. i thought that its 1% daily interest.. looks like this is not profitable to start a lend in poloniex better to loan here in our forum instead..

The bitcoin daily interest is just 0.0190% now. It is lowest for a few months. There are only 1800 bitcoins available .

Looks like they are decreasing the interest every month before i heard that poloniex lending section offering 1% daily interest and you can earn fast there if you are lender.. for now i think its hard to make more profit in their interest is a little daily amount..
Well if we compare the interest here  in our lending section i think its better to lend here in our forum because you have 0.005 interest every week. in short term loan..

The only time it is profitable to lend is when a pump is going on. At that point all the low rate loans get taken up, and the rates start to climb.

There are about 4000 bitcoin waiting to be loaned. The price is just 0.015%. There is no big bump  of altcoin now.

To much is happening now around Bitcoin. Everyone's attention is directed there. To begin movements on altcoins must first calm down the price of the first coin ;)

That will not happen. The bitcoin price will not go down much from here. If there is good news about Ethereum, the interest rate of the lending will rise.

share a article with you
http://bitcoinlead.org/invest-in-margin-lending-of-poloniex/

I think the follow risk is quite high.

2.Delayed margin call

Margin traders can borrow up to 2.5 times of margin balance, which means 40% of collateral must be kept in there. If borrowers lose more than that amount of collateral (all of margin balance), margin call will be triggered automatically and the position will be closed, which is to mitigate the risk of further loss, protect the investors’ money and get the loan returned. But in some extreme cases the market are insane and the price movement are too fast for the system to have an opportunity to trigger margin calls in time. So the borrowers will suffer far more loss than his margin balance. Beyond the interest loss for lenders, they will lose corresponding amount of principal as well.

It is a fairly safe way to make money but the rates are very low especially considering the fact that bitcoin price could fall meaning a loss. Bitfinex offers the same thing but with better rates, you could try them out. Despite this, the rates are still low, I would personally prefer to invest in a casino bankroll.

The Bitfinex got hacked. If you store some bitcoin there, you will not get back for a very long period.

https://www.bitfinexlawsuit.com/

If your are a customer of Bitfinex with funds illegally retained by the exchange and wish to recover all of your funds as fast as possible then come join our effort to file class action lawsuits against Bitfinex with the help of a team of expert lawyers, consultants and security specialists.