[CLOSED] CoinLenders

[shawshankinmate37927]

anyone else get a 'bonus payment'?

any idea what that is?

It appears that TradeFortress is showing his appreciation to the CoinLenders depositors who have more than 1 BTC in their account.

https://bitcointalk.org/index.php?topic=159359.msg2017072#msg2017072

[🏰 TradeFortress 🏰]

anyone else get a 'bonus payment'?

any idea what that is?

Small amount to compensate for the downtime last night.

Is there a lag on the server now? I had two payments sent to my wallet yesterday but only one appeared?

Please send me the tx IDs. The missing one may not have confirmed yet.

PM sent with the links to the payments.

One of the transactions isn't confirming.

[LewiesMan]

Hi TradeFortress: I don't mean to bother you twice... (sent you an email via google.) But lately I don't trust google. Anyways I actually applied
For A Loan and Payed The fee... (I'm already verified via my Id and proof of address) All I need to know Is, how long is the pending period? - I Intend
To pay back every penny... btw. Thanks.

PS: my id on coinlenders is: LewiesMan

[🏰 TradeFortress 🏰]

Hi TradeFortress: I don't mean to bother you twice... (sent you an email via google.) But lately I don't trust google. Anyways I actually applied
For A Loan and Payed The fee... (I'm already verified via my Id and proof of address) All I need to know Is, how long is the pending period? - I Intend
To pay back every penny... btw. Thanks.

PS: my id on coinlenders is: LewiesMan

Emailed

[LewiesMan]

Hi, I Got Your email... and replied. Thanks. But on The Offchance... I'll Be Using My Loan To Purchase New Small Office Hardware.(PC Mostly)
I work from home you see...

[Caesium]

I'm guessing this is a no, but just to confirm, I don't need to upload any credit rating documentation to *lend* money, right?

[Birdy]

I'm guessing this is a no, but just to confirm, I don't need to upload any credit rating documentation to *lend* money, right?

Nope, you don't need to upload anything.

[🏰 TradeFortress 🏰]

I'm guessing this is a no, but just to confirm, I don't need to upload any credit rating documentation to *lend* money, right?

Nope, you don't need to upload anything.

[LewiesMan]

Hi TradeFortress - Sorry To Bother Again... Just Checking To See If You Got my Last email?

[🏰 TradeFortress 🏰]

Hi TradeFortress - Sorry To Bother Again... Just Checking To See If You Got my Last email?

Hi,

I apologize but it's unlikely that this loan request will be profitable. Sorry for the rejection, but unsecured bitcoin lending is a risky market and it's easy to lose money.

[fluffypony]

Is bitcoin-otc linking working? Doesn't seem to be working here - I put in my otc nick, and then this happens:



But I haven't had an opportunity to do anything else except put in the nick.

[🏰 TradeFortress 🏰]

Is bitcoin-otc linking working? Doesn't seem to be working here - I put in my otc nick, and then this happens:



But I haven't had an opportunity to do anything else except put in the nick.

Works for me (with fluffypony):

Please decrypt the following with your key:
-----BEGIN PGP MESSAGE-----
Version: CreditRatingVerify v1.4.7

hQEMA1VDLfMczU/NAQgAhNMUp6ke+XA/yL4x1T0kc3Yjbys4qiFaUvGs/jqe
8XrmjV3+AVtTRfx9v9OmRBwNIj99q/05YxpV7ZapMY00nQdKtKAoLTWxR8aF
Cba4n4YI4DSHnniIZJlQjKmAJEIkG+O+m3AXfZSo+3lGUfO8L/ugTmj0w5L8
k8d7DPlEMVkq4r9C1NQ/pVLujPZIvJWRauqMMw4nG9U9lS1Q0bsYK0T3Yn9+
bIICME3ZzCqTnOPMuoMWrMnZwOxXD/gHFf1ER8SrTjl+f1le9zE14yzj+Vbi
6knrxi+6Np2sVQSJ5pO4wr28EBIMG02NK9Uh2dtvmLuFfroNeOlQL2GHFaKA
aaQulpYp4PUaLz9TCM3llDJRqBJ2jGAqts82LbCXxOO73+06tLQ8VonbuSdm
KQ8S4g==
=XT7Z
-----END PGP MESSAGE-----

(Don't actually decrypt that, you'll have to enter your username and go through the steps).

[BigBitz]

What is the new "CDs" portion for in the "My Account" section TF?

[🏰 TradeFortress 🏰]

What is the new "CDs" portion for in the "My Account" section TF?

I was just about to announce that!

Certificates of deposits have a fixed term, and a fixed interest rate. They last for a certain period of time before maturing. CoinLender's CDs do not automatically roll over, and cannot currently be closed prematurely. They're a good way to not be affected by changes of interest rates for normal deposits.

The account interest rate has being changed to 25.009% APR, however I'm confident that this is still the best interest rate you can get with this low amount of risk Remember, my goals aren't to get the most coins as possible Arr!.

[Caesium]

Certificates of deposits have a fixed term, and a fixed interest rate.

The account interest rate has being changed to 25.009% APR

I'm not sure I get this. I realise you're editing as I'm refreshing but a 7 day CD for 10% APR - why wouldn't I just leave the money out of a CD and get 25% on it? Also a 1% bonus for a lock-away isn't all that appealing I think (thats just my opinion though)

Arr!.

I see what you did there!


Edit: ok, the list of CDs keeps changing, I'll just come back later [PS: get a dev system!]

[zrgf]

I'm not sure I get this. I realise you're editing as I'm refreshing but a 7 day CD for 10% APR - why wouldn't I just leave the money out of a CD and get 25% on it? Also a 1% bonus for a lock-away isn't all that appealing I think (thats just my opinion though)

I think the idea is that the interest rate could fall right now to 8% APR without warning, but if you were locked into the 7-day CD at 10%, then you'd still get the 10% APR.

[🏰 TradeFortress 🏰]

I'm not sure I get this. I realise you're editing as I'm refreshing but a 7 day CD for 10% APR - why wouldn't I just leave the money out of a CD and get 25% on it? Also a 1% bonus for a lock-away isn't all that appealing I think (thats just my opinion though)

Because the min amount is 0.01. It's for people who have less than 1 bitcoin they want to deposit. I've removed the option because I don't think many people would be interested in it.

Currently, there's a 90 day 20% APR option, and that is if you're happy with 20% APR as the interest rate. The account interest rate could be changed to 18% APR or 8% APR without warning, but with a CD you lock it in. Tip: ask your local bank about their offerings.

[🏰 TradeFortress 🏰]

I'm not sure I get this. I realise you're editing as I'm refreshing but a 7 day CD for 10% APR - why wouldn't I just leave the money out of a CD and get 25% on it? Also a 1% bonus for a lock-away isn't all that appealing I think (thats just my opinion though)

I think the idea is that the interest rate could fall right now to 8% APR without warning, but if you were locked into the 7-day CD at 10%, then you'd still get the 10% APR.

Exactly (but the 7 day option has being changed to 90 days @ 20%)

[Caesium]

And just to complete the picture, could you confirm that conversely if the instant-access rate goes up, you'd still get the original CD rate you locked into?

[🏰 TradeFortress 🏰]

And just to complete the picture, could you confirm that conversely if the instant-access rate goes up, you'd still get the original CD rate you locked into?

Correct, you locked into it.