EARN MONTHLY INTEREST ON YOUR BITCOIN DEPOSITSI reserve the right to refuse or return deposits from anyone, at any time, for any reason.Monthly Interest Rate: 0%
BTC Held in Deposits: 0 BTC
BTC Held in Reserve Fund: PAID OUT
FREQUENTLY ASKED QUESTIONS:HOW CAN YOU PAY MONTHLY INTEREST ON DEPOSITS?
I am running a pass-through operation for pirateat40's Bitcoin Savings & Trust
for lenders looking to receive interest on their BTC. I receive a higher interest rate from BS&T and I pass a portion of that to lenders as a monthly interest payment.WHY DON'T I JUST USE BITCOIN SAVINGS & TRUST?
You should. pirateat40 is a great asset to the community and if you have the BTC to establish an account, a current member willing to refer you, and are willing to wait for your invite, please do.IS BITCOIN SAVINGS & TRUST AWARE THAT YOU ARE DOING THIS?
Yes. I have discussed this plan with pirateat40 and have his blessing.WHAT ARE THE RISKS INVOLVED?
There are always risks. The major risks are that pirateat40 or myself will disappear with your funds. A secondary risk is that BS&T stops paying interest.WHAT IF BITCOIN SAVINGS & TRUST DEFAULTS?
I will establish a reserve fund using proceeds from this operation that will be used to partially refund investors, should the worst occur. In the beginning this fund will be empty, so BS&T defaulting would result in a total loss. The current reserve fund is listed above in this thread. A BS&T default during an interest rate period will result in no final monthly interest payment being made.WHAT IF YOU DISAPPEAR?
I will not disappear. I log into this forum using the same IP address every day and have made dozens of successful trades with forum members. You can view some of my references in the post below or by entering my name in the search box near the top right of the screen while viewing the Honest Traders Thread
.WHAT IF BITCOIN SAVINGS & TRUST STOPS PAYING INTEREST?
In the event that BS&T stops paying interest, I will request a withdrawal. Once received, your funds will be returned to you.CAN MY INTEREST PAYMENTS BE LEFT TO COMPOUND?
Yes. Interest from deposits can be compounded. PM for details or to signup for this program.WHEN WILL PAYMENTS BE MADE?
Every effort will be made to make interest payments on the 1st of the month. If I am hit by a car, my internet goes down, or some other unlikely scenario were to occur, interest payments will be made as soon as humanly possible.WHAT IF I WANT MY DEPOSIT RETURNED IMMEDIATELY AFTER DEPOSITING?
Deposits will be required to be held until the first interest rate period has been completed. There will be no exceptions.HOW DO I MAKE A WITHDRAWAL OF MY DEPOSIT?
Once your first interest rate cycle has been completed, you can request funds at any time via a PM to me
. HOW DO I MAKE A DEPOSIT?
Once you have read the entire frequently asked questions section of this thread, contact me via a PM and we will work out an agreement. I will not accept deposits smaller than 10 BTC, and will request that deposits be made in round numbers. I will also be limiting the amount of deposits I am willing to accept, favoring larger lenders, until a reasonable reserve fund has been established.