[CLOSED] CoinLenders

[🏰 TradeFortress 🏰]

any way to sign into multiple accounts at the same time?

Multiple browsers.

I just deposited into CoinLenders. Is there anything special I have to do to earn interest, or just wait? Do you need to buy a CD to earn interest? (I'd rather not and have the option to pull out at any time.)

You don't need to, but you get a higher rate if you do.

[KingOfSports]

PM'ed you earlier today TF, let me know your response when you get a chance. Thanks.

[stenkross]

http://www.reddit.com/r/Bitcoin/comments/1j4sy2/how_legit_is_coinlenderscom/

[🏰 TradeFortress 🏰]

http://www.reddit.com/r/Bitcoin/comments/1j4sy2/how_legit_is_coinlenderscom/

Thanks for bringing that to my attention. I answered the questions there

[BitAddict]

I was going to deposit some bitcoins in CoinLenders, but I saw you need to use inputs.io 
I feel really lazy today for opening more accounts :/ Maybe another day!

[Lohoris]

Code:

.
 30d CD APR: 25.50%
 90d CD APR: 26.05%
180d CD APR: 22.00%

why is 180d so much lower than the others?

[nimda]

Code:

.
 30d CD APR: 25.50%
 90d CD APR: 26.05%
180d CD APR: 22.00%

why is 180d so much lower than the others?

It's a greater obligation for TF, and the future is uncertain. The utility of having your money for a longer period of time becomes outweighed by the liability it creates.

[Lohoris]

Code:

.
 30d CD APR: 25.50%
 90d CD APR: 26.05%
180d CD APR: 22.00%

why is 180d so much lower than the others?

It's a greater obligation for TF, and the future is uncertain. The utility of having your money for a longer period of time becomes outweighed by the liability it creates.

But why a rational investor would buy that instead of a 90d then?
The future is uncertain both sides, I might need that money now and if it is locked for 180d is much worse than 90d...
Is there really anyone buying those? Why?

[nimda]

Code:

.
 30d CD APR: 25.50%
 90d CD APR: 26.05%
180d CD APR: 22.00%

why is 180d so much lower than the others?

It's a greater obligation for TF, and the future is uncertain. The utility of having your money for a longer period of time becomes outweighed by the liability it creates.

But why a rational investor would buy that instead of a 90d then?
The future is uncertain both sides, I might need that money now and if it is locked for 180d is much worse than 90d...
Is there really anyone buying those? Why?

There's no guarantee that after the first 90d cd expires, the cds will even be offered anymore, let alone at the current yields. Thus the 90d has a higher yield as an APR, but the 180d cd has a higher concrete yield, in terms of actual BTC. If you think the 90d will still be offered at 26+% 90 days from now, go ahead and buy it.

[🏰 TradeFortress 🏰]

CoinLenders now offers fee rebates on your deposits!

[bradyon]

CoinLenders now offers fee rebates on your deposits!

Could you please explain the difference between fee rebates and interest payments?

[Rannasha]

CoinLenders now offers fee rebates on your deposits!

Could you please explain the difference between fee rebates and interest payments?

I'm guessing it's a legal thing. Nothing changed, except words ^^

[🏰 TradeFortress 🏰]

The fee rebates are credited to your balance.

[bradyon]

The fee rebates are credited to your balance.

...and did not the interest payments? Still don´t catch the difference further than just the name.

[gannicus]

Code:

.
 30d CD APR: 25.50%
 90d CD APR: 26.05%
180d CD APR: 22.00%

why is 180d so much lower than the others?

It's a greater obligation for TF, and the future is uncertain. The utility of having your money for a longer period of time becomes outweighed by the liability it creates.

But why a rational investor would buy that instead of a 90d then?
The future is uncertain both sides, I might need that money now and if it is locked for 180d is much worse than 90d...
Is there really anyone buying those? Why?

Because in 90d-180d range the monthly rate may be way lower than 1.852%. I would buy those as CoinLenders as a business matures itself in which regards transparency and more information on their financial "health". Although atm I already trust a reasonable amount of BTC with them.

[The 4ner]

CoinLenders is down!!!!!!!!!

Edit: So apparently I used this link and got a 404 http://www.coinlenders.com/interest, but I used the link in my sig and was able to view the homepage. I guess the other link is no good anymore?

[Rannasha]

CoinLenders is down!!!!!!!!!

Edit: So apparently I used this link and got a 404 http://www.coinlenders.com/interest, but I used the link in my sig and was able to view the homepage. I guess the other link is no good anymore?

Probably due to the renaming of 'interest' to 'fee rebates'.

[kopipe]

All uses of 'BTC' on this website are for illustration only and do not represent any 'virtual currency' such as Bitcoin.

 

[Lohoris]

All uses of 'BTC' on this website are for illustration only and do not represent any 'virtual currency' such as Bitcoin.

 

Yeah I noticed it just yesterday.

It's less effective than a lucky charm, afaik, so it could be safely removed altogether...

[kopipe]

All uses of 'BTC' on this website are for illustration only and do not represent any 'virtual currency' such as Bitcoin.

 

Yeah I noticed it just yesterday.

It's less effective than a lucky charm, afaik, so it could be safely removed altogether...

With the addition of this notice I pulled out the ~20BTC I had on CoinLenders for the past few days. It is not that I do not trust TradeFortress, but I do not want to keep my coins on a site that claims that they don't exist. This and the confusing change to "fee rebates" makes me think they might be having some legal trouble.