Bitcoin Forum
June 22, 2024, 06:10:10 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can we cancel an order in poloneix and do not get to pay fee  (Read 367 times)
pornluver (OP)
Hero Member
*****
Offline Offline

Activity: 960
Merit: 514


View Profile
May 01, 2017, 03:12:39 PM
 #1

Is poloneix fee only for executed order or for all order?

We can lend coins at poloneix. How save is it?

.15% per day? Kind of a high return there.
LittleBigDrone
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
May 01, 2017, 03:21:22 PM
Last edit: May 01, 2017, 03:37:04 PM by LittleBigDrone
 #2

"Risks
Lending to margin traders on Poloniex carries three main risks for the lender.

Exchange insolvency: The cryptocurrency space has been plagued with exchange hacks and failures, such as the now infamous Mt. Gox. If an exchange becomes insolvent or otherwise loses customer funds, there is a high probability of a substantial or total loss for the lender.

Exchange outages: Exchange outages, and periods of high volatility are highly correlated because the increased trading volume caused by volatility taxes the exchange’s servers. A temporary exchange outage during a period of high volatility could lead to margin traders losing all of the collateral in their accounts as well as some of their borrowed funds. In this situation, the trader would be unable to repay the entirety of their margin loan.

Currency Risk: When funds are on loan to margin traders, they are not available to be exchanged until the margin loan has matured. A price ‘crash’ on an asset that you are lending, will frequently be in the favor of the borrower. Because the borrower will be making money from the crashing price, they will not want to close the loan, and you as the lender could be left holding the bag."

From: http://blog.poloniexlendingbot.com/margin-lending-basics

About the fees... EDIT: you pay them when they get filled.
Proof of Bullshit
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
May 01, 2017, 03:36:16 PM
 #3

No you pay the fees after your order is filled. When you place it, that is just a place you take up in the queue and for that you never pay anything.
pornluver (OP)
Hero Member
*****
Offline Offline

Activity: 960
Merit: 514


View Profile
May 01, 2017, 04:03:03 PM
 #4

"Risks
Lending to margin traders on Poloniex carries three main risks for the lender.

Exchange insolvency: The cryptocurrency space has been plagued with exchange hacks and failures, such as the now infamous Mt. Gox. If an exchange becomes insolvent or otherwise loses customer funds, there is a high probability of a substantial or total loss for the lender.

Exchange outages: Exchange outages, and periods of high volatility are highly correlated because the increased trading volume caused by volatility taxes the exchange’s servers. A temporary exchange outage during a period of high volatility could lead to margin traders losing all of the collateral in their accounts as well as some of their borrowed funds. In this situation, the trader would be unable to repay the entirety of their margin loan.

Currency Risk: When funds are on loan to margin traders, they are not available to be exchanged until the margin loan has matured. A price ‘crash’ on an asset that you are lending, will frequently be in the favor of the borrower. Because the borrower will be making money from the crashing price, they will not want to close the loan, and you as the lender could be left holding the bag."

From: http://blog.poloniexlendingbot.com/margin-lending-basics

About the fees... EDIT: you pay them when they get filled.

Besides poloneix what other trading accounts I should lend money too?

I want to spread some of the risks.

Of course, if price of BTC drops there isn't much I can do.
LittleBigDrone
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
May 01, 2017, 04:09:38 PM
 #5

I only know of Poloniex, and the lending is only because of the Margin Trading option ofc.

You could check this www.robinhood.com but I don't really know much about it myself.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!