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Author Topic: earn money with lending btc?!  (Read 3167 times)
tehMoonwalker (OP)
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May 01, 2017, 07:29:24 PM
 #1

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
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May 01, 2017, 07:34:00 PM
 #2

You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.

I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.

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May 01, 2017, 08:37:55 PM
 #3

You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.

I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.
Just as he said, you can earn more from lending bitcoins through forum members and the most common rate is 10% interest for a week or maybe less depending on the trustworthiness of him since you know that he surely will pay. Just remember to ask a collateral but due to your low rank, the collateral should be held by a third party escrow until you make a good reputation or a high rank.
Are there any other ways of making income with ur btc?
There are a lot of ways of to make some income with your btc such as investments, trading, gambling, buy and sell, etc,. But I highly recommend that you do Trading if you have almost 0.5-1Btc or higher because it would be easy to you to earn with that amount.

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upsidedown75
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May 01, 2017, 08:58:14 PM
 #4

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
When I checked last time I did see there were many people offered bitcoins for margin trading but there were no enough traders to utilize those offers. So, those earnings will not be guaranteed for all the investors.
mimini0147
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May 01, 2017, 09:11:14 PM
 #5

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?

Well if you are patient and fine with those rates then why not? But I think that you should be checking rates before you try lending on these sites as there are many more websites which have better rates. Also if you would like to earn more income with the btc you already have then you can do various things including: Gambling, Playing on online btc casinos etc., Trading, Investing : In assets or hyip/ponzi sites (not recommended unless trusted website). You could also use cloud mining sites or even buy your own miners with the btc you already have although this is not as profitable as it was 2/3 years ago. Good luck with your lending etc.

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May 01, 2017, 09:17:39 PM
 #6

I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.

Trading can be much more profitable than lending..

But the main fact is right time entry to the market.

As you have entered the ETH market in the right time, so you have big profit.

If op want to do lending then I can suggest to divide the capital in two parts, 1 part for polo and the other part for lending section in this forum.
Create a thread and offer your loan service.. But just keep your eyes open for scammers. If needed then borrow a eye for yourself also..

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May 01, 2017, 10:16:04 PM
 #7

You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.
I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.
Lending money to individual users possess a much larger risk than gambling as you never know whether you will be getting your coins back,trading is another form and the risk involved are minimal if you are entering in a bull market and almost everyone is having a good time entering the coins during the bull run and so is the reason everyone is reaping good profits.

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May 01, 2017, 10:31:03 PM
 #8

You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.

I also buy/sell altcoins with my btc and earn a good profit. I bought ETH when the price was 0.03 and now the price reached 0.06. It's much better than lending money.

This is partially true.

If you lend to people and get a valid collateral (e.g. coins or something with a real value), then yes. Lending section will bring you more. At the cost of more time and more troubles.

If you lend to people and get account as collateral, then thing could get ugly. Like collateral account being red tagged on loan default.

Poloniex lending is one very good option and much more secure in my eyes.

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May 01, 2017, 10:33:56 PM
 #9

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
Well, to be honest I have always thought that starting loaning service (for example, at bitcointalk.org) is a really good idea, which may bring nice gains: and it doesnt require a vast amount of funds.

Another thing possible to do which also may give decent returns and is loan-related thing, is just to use such websites as poloniex for that purpose, they offer a really good rates, plus you are pretty much risk free. They cover you up and there is no point in being afraid of losing the money borrowed to the leverage trading.
amaral1977
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May 01, 2017, 10:37:19 PM
 #10

I´m a fan of margin lending. For me was a good way to begin trading. The i spent looking at the exchanges where i had BTC on lending orders was a time i spent learning how the exchange worked. So even the profit is low compared to other forms of cryptocurrency earnings, it is pretty good compared to traditional banks, namely in europe with near zero rates. So IMHO the rates are decent and its a good way to learn being in the exchange.

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May 01, 2017, 11:31:57 PM
 #11

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?
Such a good idea if you have a large capital to invest for lending purposes in poloniex.. you can gain a good amount of interest daily.
Like other said you can also try to lend your money in lending section many people are asking for loan in that section where they can borrow bitcoins with collateral like bitcointalk account or altcoin as their collateral..
If you are want to start better to read more about the sticky thread in lending section to help you know who are scammers and fake borrower..

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May 02, 2017, 12:57:44 AM
 #12

Lending on exchanges can be a source of steady income. One way to earn bitcoin if you are still not good in trading. The interest can be small but it is secure income and if you can lend a great amount, the income can be satisfactory.
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May 02, 2017, 01:26:52 AM
 #13

Lending on exchanges can be a source of steady income. One way to earn bitcoin if you are still not good in trading. The interest can be small but it is secure income and if you can lend a great amount, the income can be satisfactory.

I think lending is a good way to earn, and lending in exchange give a better and secure investment, rather than lending in this forum, however the rate interest in this forum is better but it contain more risk, I often see people can't pay the money and lost its collateral (usually an account) and the person need to sell it on auction


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May 02, 2017, 02:05:52 AM
 #14

I think lending bitcoins is a very risky business because there will be a high chance for you to loss the game but if you will put your money in the lending site  or exchangers that offer lending feature then it will still probably not that good investment or business because it is still cheap rates and you can do better than that by doing trading or investment on altcoins or so.
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May 02, 2017, 02:26:00 AM
 #15

Lending money in terms of bitcoin and profiting with the varying rate of interest for the amount gives a stable earning. The same is highly risk involved as there is requirement of collateral for the same amount that's been provided. Here users provide valueless collateral causing us loss. So rather than lending better is to start trading.

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May 02, 2017, 01:15:41 PM
 #16

Trusted site like poloniex will be better than what others are recommended here. To me it better to save and lending your bitcoin were you know your investment is safe. The red sign of losing trust on some members of this forum is a sign of many defaulting and scam there lender. In investment trust is very important and no matter the rate I will advise you to use site like poloniex.
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May 02, 2017, 03:11:05 PM
 #17

Lending money in terms of bitcoin and profiting with the varying rate of interest for the amount gives a stable earning. The same is highly risk involved as there is requirement of collateral for the same amount that's been provided. Here users provide valueless collateral causing us loss. So rather than lending better is to start trading.

Totally agree with you. This is not the best way to use bitcoins. There is a big risk of losing all assets. It is better to choose not such a risky way to earn bitcoins
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May 02, 2017, 03:26:25 PM
 #18

Trusted site like poloniex will be better than what others are recommended here. To me it better to save and lending your bitcoin were you know your investment is safe. The red sign of losing trust on some members of this forum is a sign of many defaulting and scam there lender. In investment trust is very important and no matter the rate I will advise you to use site like poloniex.

My friend is always telling me this to have my btc loaned in Polo if I am not trading. So that, while it is on standby there in exchanges, it is earning interest. It is also a good and honest way to earn. I am planning to do lend too there in margin trading, if I accumulate more btc Smiley
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May 02, 2017, 05:15:54 PM
 #19

You can fetch a better rate by lending bitcoins on this forum. People get a rate as high as 3%-7% per week which is better and you can lend people with a good reputation to ensure the borrower is trustworthy.

The reason lending rates at Poloniex is actually low is because it offers much security for your coins. Once a deal is reached, everything becomes automated, you need not know who is borrowing your coins or ask for some collateral that might become end up an issue, the system simply secures your coins and promptly pay back without fail. The only way you can lose lending this way is only if Poloniex is hacked or becomes insolvent. If you ask me slow and steady most often wins the race.
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May 02, 2017, 05:30:58 PM
 #20

what you guys think about lending btc through poloniex or other sites? the rates are 0.5-2% atm per day so pretty decent. are there any other ways of making income with ur btc?

Lending is one of the best option to invest on bitcoins but this thread is not suitable for this section and it has been move to lending section.
btcjam site best option than polenix and I applied one time loan around 8 bitcoin. Once they verify the proper government documents only. they have accepted for loan. its so secured as well.
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