|
Mayer Amschel (OP)
|
 |
September 10, 2015, 06:50:02 AM |
|
So quick question for you all.
Have you made a good profit lending BTC on the OkCoin platform? I am interested in storing my BTC and maintaing a good profit rate.
Please discuss your experiences.
|
Hours
|
|
|
andysbizz
Member
 Offline
Activity: 70
Merit: 10
|
|
September 10, 2015, 07:33:42 AM |
|
So quick question for you all.
Have you made a good profit lending BTC on the OkCoin platform? I am interested in storing my BTC and maintaing a good profit rate.
Please discuss your experiences.
I invest btc on other platforms, and have about 10% |
|
|
|
|
|
Mayer Amschel (OP)
|
|
September 10, 2015, 07:55:22 AM |
|
Which other platforms do you recommend?
|
Hours
|
|
|
|
CEG5952
|
|
September 10, 2015, 08:02:01 AM |
|
Which other platforms do you recommend?
You could go and try ecoin.eu trading platform if you're interested in trading. Made some profits with them and still does. Very good platform and user-friendly too. They also offer a card where you can directly withdraw your coins to fiat. |
|
|
|
bitwarrior
Legendary
Offline
Activity: 1764
Merit: 1000
|
|
September 10, 2015, 08:04:31 AM |
|
So quick question for you all.
Have you made a good profit lending BTC on the OkCoin platform? I am interested in storing my BTC and maintaing a good profit rate.
Please discuss your experiences.
I invest btc on other platforms, and have about 10% Can you share which other platforms are these that provide good yields? Same question too if OKCoin lending is it good or what? Thanks. |
|
|
|
|
Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
|
|
September 10, 2015, 11:19:22 PM |
|
Poloniex and Bitfinex allow you to lend your coins and/or USD (Bitfinex). The rates vary, mainly depending on what is happening in the market. For instance, when Ethereum first hit Poloniex the BTC lending rates were as high as 2% daily at times. It has now come down from those rare and lofty highs, but still around a respectable 0.15% daily rate that corresponds into a 55% annual return.
|
|
|
|
|
dukeneptun
Legendary
Offline
Activity: 1064
Merit: 1000
|
|
September 11, 2015, 12:39:03 AM |
|
OKCoin is now closed to the US citizens, due to legal issues. I can't use their service anymore.
|
|
|
|
|
|
Mayer Amschel (OP)
|
|
September 11, 2015, 06:43:38 AM |
|
OKCoin is now closed to the US citizens, due to legal issues. I can't use their service anymore.
:/ luckily im not in USA |
Hours
|
|
|
NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
|
|
September 11, 2015, 06:57:09 AM |
|
What are the risks of lending through an exchange? Is it somehow covered in case someone tries to run with the money?
|
|
|
|
|
|
Mayer Amschel (OP)
|
|
September 11, 2015, 07:07:33 AM |
|
What are the risks of lending through an exchange? Is it somehow covered in case someone tries to run with the money?
I know in OkCoin you can pay for insurance incase the borrower defaults. Some % of your profits goes to the platform then. |
Hours
|
|
|
NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
|
|
September 11, 2015, 07:11:19 AM |
|
What are the risks of lending through an exchange? Is it somehow covered in case someone tries to run with the money?
I know in OkCoin you can pay for insurance incase the borrower defaults. Some % of your profits goes to the platform then. So there is no automatic selling of the borrowers assets to cover the coins? Kind of risky to do lending like this imo. Atleast without insurance I wouldn't even touch it. |
|
|
|
|
|
romjpn
|
|
September 11, 2015, 07:12:18 AM |
|
What are the risks of lending through an exchange? Is it somehow covered in case someone tries to run with the money?
Normally a stop loss is triggered and the money returned to the lender but it's not 100% sure. The borrower can't take the money and leave, he can just trade on the exchange. If you guys are interested I will be listing all the lending enabled exchanges on my website : http://InvestBitcoinGuide.com |
---~~~***~~~--- http://InvestBitcoinGuide.com ---~~~***~~~--- Invest your bitcoins/altcoins into legit businesses. Get solid returns ! We hate scams and ponzis ! |
|
|
|
