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Author Topic: Crypto Bank (Earn interest on your coins)  (Read 1791 times)
Glandoux
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May 29, 2014, 08:42:28 PM
 #21

Giving 5% for DRK and XC and will return coins within 8-10 hours of being asked.  Does not have to be a whole month.  However, the interest will be calculated accordingly.
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May 30, 2014, 09:30:27 AM
 #22

Ok but the difference is that I am borrowing a coin and returning the same coin.  No matter if the price of the coin goes down a lot or up a lot, I still return that coin.

I expected people to be hostile, people always are at first until someone has a track record.  This is why I want to get this track record started on here (even though in real life I have done countless transactions each of 4-5 digites numbers) so I can get the ball rolling.

Unfortunately, reputation here is meaningless unless you have collateral you can post. TradeFortress, for instance, had great reputation, as did Ukyo-

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May 30, 2014, 10:46:04 AM
 #23

My trading is done on Mintpal, so if Mintpal all of a sudden closes down or the coin itself is somehow destroyed, altered, or value goes down to zero, this is not my responsibility.

You borrow money and you repay the debt. If you want to shift the risk of exchange going insolvent and an altcoin crash to your creditor, you need to pay much higher interest. Since you are only offering low interest, it should be considered as a loan. It is your responsibility to repay in full with interest, independent to whatever happened to your investment.
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May 30, 2014, 04:58:39 PM
 #24

5% monthly interest is low?
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May 30, 2014, 07:07:56 PM
 #25

Can you say PokerByProxy.com?

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May 31, 2014, 06:12:18 AM
 #26

5% monthly interest is low?

I have noticed only 3% interest , and it is low , at least by cryptocurrency standards.

Here you see coins soar and crash almost instantly, keeping your coin on hand for instant transactions is necessary.

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AcoinL.L.C
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May 31, 2014, 07:04:46 PM
 #27

5% is incredible low for an altcoin or even BTC loan rate. The prices soar and crash within hours.

Unless your offering 20-30%+ return your likely not going to get a loan, and you will need to offer collateral as well.


Use your own money if your so sure of your abilities, if your not, you probably shouldn't be taking a loan
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