lending on poloniex

[alva5763]

Hello. I have been lending bitcoin on poloniex. If I exchange bitcoin to litecoin can I lend litecoin on poloniex? Thanks in advance for any answers.

[OmegaStarScream]

You should be able to lend different coins including LTC:




You must understand though, that BTC have the highest demand while others have a lot of offers but low demands.

[xypos]

Hello. I have been lending bitcoin on poloniex. If I exchange bitcoin to litecoin can I lend litecoin on poloniex? Thanks in advance for any answers.

Yes, you can lend bitcoin, litecoin, ethereum and many different other cryptocurrencies, that poloniex listed, I think that you might even lend almost all of them.
But im not sure about doing it, it is not such a good idea because not so many people are looking for e.g monero loan, or ethereum loan. The number of people interested in loans on btc is much greater than on altcoins, so you should choose the best possible solution for you.

If  you own a lot of litecoins, then maybe doing LTC loans is a better idea, but if you don't have such a big number of them, then I would recommend just converting back to BTC for loaning purposes.

[mrcash02]

Hello. I have been lending bitcoin on poloniex. If I exchange bitcoin to litecoin can I lend litecoin on poloniex? Thanks in advance for any answers.

Yes, you can lend bitcoin, litecoin, ethereum and many different other cryptocurrencies, that poloniex listed, I think that you might even lend almost all of them.
But im not sure about doing it, it is not such a good idea because not so many people are looking for e.g monero loan, or ethereum loan. The number of people interested in loans on btc is much greater than on altcoins, so you should choose the best possible solution for you.

If  you own a lot of litecoins, then maybe doing LTC loans is a better idea, but if you don't have such a big number of them, then I would recommend just converting back to BTC for loaning purposes.

Yes, I looked the rates there about another currencies some time ago, the altcoins, and it wasn't good. There aren't people interested in trading with altcoins, so it's worthless to try lending LTC or DOGE for an example... The profit interest lending BTC is already low there, now imagine lending altcoins... I think if he has many LTC would be better to exchange all to BTC first to start lending after.

[kolesozw]

Hello. I have been lending bitcoin on poloniex. If I exchange bitcoin to litecoin can I lend litecoin on poloniex? Thanks in advance for any answers.

Yes, you can lend LTC at Poloniex, like almost all other of their supported coins.
Actually, lately the BTC/LTC pair is bringing more daily interest by any other there.

[amacar2]

You might be interested to lend your LTC at the current price boom but i will suggest you to stick with your Btc and lend your bitcoin rather than converting them to LTC. Bitcoin always have highest demand while demand for LTC, ETH etc can go down anytime. You may loss some bitcoin rather than making profit by lending your LTC.

[Catmony]

Yes you can lend any of the coin that is listed in margin trading there, but interest you may get daily from those loan can be way different than what you can get from lending bitcoin.