Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
Anyone try it? Is there a big risk of losing BTC?
There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading.
I have been lending in poloniex for 2 months, it really works.
Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%.
The risks to loaning on POLO are listed below.
a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back.
b) Polo's program has an error and you do not get your funds back,
c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order.
d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized.
Thanks guys
Can I lend 100 BTC and make 3BTC/day??
Why would you risk that much? You can lend for a day minimun, i lended 0.10 and its giving me 2.75% daily return. I would never risk everything in only one site, doesnt matter how good it looks
These rates won't last. I expect it's only because everyone has pulled their BTC from Polo to get BCH and there's not much available for lending.
I got 1.8% a few days ago which was pretty insane I thought.
Typical rates are about 0.07% recently.
I expect it will settle back down to that after August 1st.