lending on poloniex and bitfinex

[Atij]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

[1714065257]

1714065257

[1714065257]

1714065257

[1714065257]

1714065257

[1714065257]

1714065257

[numismatist]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

[educated]

Is lending worth the risk though? Never done it, but might be interested.

[K128kevin2]

Is lending worth the risk though? Never done it, but might be interested.

I can't speak for Bitfinex but the only risk on Poloniex is the exchange getting hacked and somebody taking all of the coins.
Ignoring that, the risk is nonexistent. That's why the rates are so low.

[Atij]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

To be honest i did not understand this explanation 

I am lending now on poloniex, but i do not want keep all my money for lending in one place.

So i am looking for other places, if you, guys know other place to lend ( except p2p like BitBond ), please tell me

[SONG GEET]

Is lending worth the risk though? Never done it, but might be interested.

I don't even think of having small amount of bitcoin in bitfinex because they have been hacked more than once in past.

But lending in polo can be worth and also quite risk free. However don't dream of making huge profit by lending there.

[Atij]

new signature in honor of this topic. 

[Ayers]

Is lending worth the risk though? Never done it, but might be interested.

there is no risk if you done on poloniex, they cover your ass with collateral and the borrower can't be unsolved, but the gain is very minimal, only 0.02% which is ridiculous for me, not going to wast time on that revenue, btjam offer higher revenue but more scammy, or try in the lending section, but you need a good collateral like an altcoin

[Quickseller]

poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

[pinkflower]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

Market dynamics. Mostly dependant upon available currency supply, Bitfinex might catch up on size since they survived their hack from recent year. And introduced that strange BU token stuff (which I would not dare to touch with a ten foot pole) but seemingly this attracts deposits, so more supply floating on site resulting into lower rates.
Go for Poloniex if you are supplying lends, my advice.

For your information Bitfinex are taking their tokens off the market because it has achieved its purpose and they are starting to repay their customers who had funds stolen because of the hack. Good job on them for not scamming the community.

[Atij]

poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

Thank you a lot. It was only one idea i had. But few days ago Bitfinex as i understand changed/update policy about BTC Hard Fork, and it`s did not affect to rates. then i decide to make this topic and was very surprised when saw that looks like nobody knows answer.

May be you know other places to lend Bitcoins on exchanges? ( no 2p2 lending like BitBond )

[bluefirecorp]

It is just like a regular stock market, well in stock market the arbitrage is smaller since there are millions of traders and billions of dollars searching for difference but to be precise there are still tiny differences.

Exactly like that on poloinex and bitfinex because there is a volatile environment and the prices are supply and demand type.

[ArdiPrabowo]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

lending in market poloniex or bitfinex about suply and demand
demand lending in poloniex is very high, if suply low so can incraese price about lending
is same case in bitfinex too

[Atij]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

lending in market poloniex or bitfinex about suply and demand
demand lending in poloniex is very high, if suply low so can incraese price about lending
is same case in bitfinex too

as i understand from above you are wrong

[Quickseller]

poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

Thank you a lot. It was only one idea i had. But few days ago Bitfinex as i understand changed/update policy about BTC Hard Fork, and it`s did not affect to rates. then i decide to make this topic and was very surprised when saw that looks like nobody knows answer.

May be you know other places to lend Bitcoins on exchanges? ( no 2p2 lending like BitBond )

Unfortunately I do not.

There are some websites that accept deposits and pay interest on said deposits somewhere in the range of the mid single digits percent per year. It is my suspicion that these websites deposit the BTC they receive from depositors into exchanges, lend out the BTC and collect the difference in interest payments. I would suggest that you not use these websites because you would be facing the risk that these websites pulling an exit scam (or otherwise lose money in a way specific to their website), in addition to the risk that the exchanges that these websites deposit their/your BTC into end up getting hacked.

The Chinese exchanges used to allow for users to lend our their BTC (and CNY I believe), however this stopped when they were no longer able to offer margin trading, plus I have always viewed the Chinese exchanges to be shady.

I suspect that both Coinbase and Bitstamp will offer margin loans in the future, as both of these exchanges have either recently rolled out margin trading or have said they will offer margin trading in the future.

[crazyivan]

There is ALWAYS risk with Bitcoin online investing. There r s no such a think as risk free.

Make sure you protect your coins on whatever exchange or lending service you use, 2FA is a MUST HAVE, email confirmation also. Never use the same password twice and make sure its a long one. Also, I suggest installing anti-key logger, PAID one, not some free or cracked shit.

[Atij]

Quickseller, also we can touch savings like Magnr.

I am pretty new, but i saw site where about 9 different Exhanges like Toro or BitMex. As i understand i can trade BTC there with higher shoulder. ( is that call fufures? ) Where all that guy taking BTC ti trade without lending?

Also Bitmarket Poland site. Do you know some thing about it? )


crazyivan, thank you. Security advises ever is good. About anti-key logger i even did not heard. Will search some info )

[K128kevin2]

Also, I suggest installing anti-key logger, PAID one, not some free or cracked shit.

Or you could replace your proprietary operating system with only free, libre and open source software
That way the code can be publicly audited and proven that it's not going to send your Poloniex password or whatever pictures you keep of your girlfriend to scary Russian hackers.

[marketone]

hello, why lending rate for BTC on poloniex 3x larger then on bitfinex?

lending in market poloniex or bitfinex about suply and demand
demand lending in poloniex is very high, if suply low so can incraese price about lending
is same case in bitfinex too

Yes, I know lending is possible through Poloniex and Bitfinex, but whether exchanges will provide any security for the lender. I am really in confusion state whether they will pay or not.

[xypos]

Is lending worth the risk though? Never done it, but might be interested.

The thing is, that the risk you take for example on poloniex isnt as big as the risk you have on loaning btc here,in our home-btctalk.org.
That is why people use the principle "no collateral, no loan" because they are not going to risk their bitcoins just for a small return. They need something with value, to gain back the money loaned to them in case of scam.

I would treat poloniex more like a steady investment, where you can get some % of return from money invested pretty much without any risk, they just cover you up.