Lending on Poloniex

[mrcash02]

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?

[jacee]

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/

[crazyivan]

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?

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.

[alyssa85]

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?

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.

[mrcash02]

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/

Looked, thanks.

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?

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.

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

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?

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.

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

[crazyivan]

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.

[Dentidan]

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.

[crazyivan]

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.

[crairezx20]

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..

[crazyivan]

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.

[cancerbola]

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%? 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%.

[crazyivan]

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%? 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.

[alyssa85]

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..

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%

[SyGambler]

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..

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%

[crazyivan]

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..

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.

[SyGambler]

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..

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 ?

[mrcash02]

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..

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.

[crazyivan]

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.

[Patatas]

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..

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.

[alyssa85]

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..

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.