Offering BTC swaps on Bitfinex

[WiiD]

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days     Rate        Amount
10    0.012%    7.45   

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

[fewcoins]

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days     Rate        Amount
10    0.012%    7.45   

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yea bro that is retarded... I easily give you .1% on bitcoins you lend me, especially since we make a few percent's everyday every market. PM ME for more info

[Elwar]

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days     Rate        Amount
10    0.012%    7.45   

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yes, the lending rates on BitFinex for lending bitcoins are very low.

But it is one of the few places you can securely lend bitcoins and get a return.

Lending fiat yields more but you run into the problem where you could have used that fiat to buy Bitcoin and received a much higher return.

[fewcoins]

Hey guys,

just started of thinking that I could lend some Bitcoins.
Now I got a question, if I example would offer a swap to that guy here:

Days     Rate        Amount
10    0.012%    7.45   

Is it right that I would only get 7.45*0.00012=0.0009 BTC per day, so in 10 days 0.009 so not even 0.01 BTC for lending 7.45 BTC??

That would be 3$ for lending about 2400$?!

Yes, the lending rates on BitFinex for lending bitcoins are very low.

But it is one of the few places you can securely lend bitcoins and get a return.

Lending fiat yields more but you run into the problem where you could have used that fiat to buy Bitcoin and received a much higher return.

Very true but still what they offer is redic...

[Elwar]

There is also the risk of having your bitcoins on a third party client.

The 1-2% yearly rate of return you would receive is not worth, in my opinion, not holding your own private key. Though BitFinex has been around for a while they could still disappear tomorrow and you'd be screwed.

[Simon8x]

There is also the risk of having your bitcoins on a third party client.

The 1-2% yearly rate of return you would receive is not worth, in my opinion, not holding your own private key. Though BitFinex has been around for a while they could still disappear tomorrow and you'd be screwed.

https://www.bitfinex.com/pages/stats
CMIIW, the average daily return rate is 0.0152%, so it will be a yearly return of 5.5% without compounding. But I agree with you that the risk is too high when compared with the potential return.