Disclaimer: The moment coins enter exchange they are not your own, any exchange about OpenLedger which is decentralized can die any day. Always understand that depositing any amount to any 3rd party - exchange, wallet, casino whatever.
Poloniex also has this option but due to loads of issue and red flags on the exchange (ie STEEM wallet down since 3 months) i suggest to skip.
BFX has their bad fame (ie the famous 60 million hack) etc but looks like best place to risk money this way.
Do not use any lending sites - i have lost money on all of them, only BFX gave me constant profits.
Market Data
For start they have 11% of whole BTC volume, currently on USD pair.
They have many currencies right now with cool volumes.
Lend Money to Traders
So unlike some loan services on exchange you lend money to traders so they can play with them, if they lose more than they can pay you back - they get closed and you get cash back. This way this investments are pretty secure but also - you need good amounts to make something. If you have some BTC, LTC, ETH that do nothing its possibly better to make them work than keep in wallet.
Register to BitFinex by Clicking Here
I dont remember if they need verification, surely they didnt need document scans if you dont withdrawal by wire. If needed just do what they say.
Go to Deposits and Choose CUrrency
They have a few but i suggest one that you want to sell right now, best rates are on USD.
Sell for USD
Click Trading then youcoin/USD then click this green button. It will sell all you have into USD.
Move Balance
Go to wallets on top right, move your USD balance to Funding.
Lend It
Go to Funding in the Middle of site and choose USD. Now decide price you want to lend on and the amount.
You can chose few prices and few amounts. It works just like exchange - if needed write to support, they reply really fast.
Profit
Now you will be getting passive money from the investment, with time you will learn more tricks on the platform and will be able to tweak it. This currently and 1broker are two easiest ways imo to make passive cash on crypto without much knowledge.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
Great advice.😁
Welcome to Woldwide bittrex exchange pump channel
The bittrex force of Koreans is powerful.
Last year our pumping room was highly trusted.
Do you think 500% ~ 1500% profit is impossible in a week?
We'll show you this is true.
With accurate chart reading, we plan to periodically pump.
We are recruiting people all over the world, and we do not need your money for free!
Just watch it. Install the telegram app and get in the channel.
Join Telegram channels http://telegram.me/DvaPump
안녕하세요. bittrex 거래소 펌핑 방입니다.
저희 한국인들의 bittrex 세력과 펌핑은 매우 강력합니다.
작년에 저희 펌핑방은 각종 코인 펌핑으로 크게 신뢰를 쌓았으며,
법적문제가 현재 있지않아, 다시한번 여러분들께 역사를 다시 써나가려고합니다.
일주일에 500% ~ 1500% 수익이 불가능할 것 같나요?
저희가 보여드리겠습니다. 우리방만의 노하우와 진실을
정확한 차트 리딩과 함께 저희는 주기적으로 펌핑할 예정입니다.
현재 전세계 사람들을 모집하고있고, 회원님들 돈 강요하지 않습니다. 공짜입니다.
구경만 하셔도 좋으니 텔레그램 어플 설치하고 저희 채널에 들어와주세요 ^^
텔레그램 입장해주세요. http://telegram.me/Dvapump
Thanks for sharing!
Hi ,
Nice work sir
Guys , you can do this, but remember this falls under income tax, not capital gains
Income tax bc it is revenue from services (providing a loan) and not trading?
exactly
Warning: don't deposit more you couldn't bear to lose. Exchanges have and can stop functioning at moments notice, meaning you could lose your money for good.
thanks for this info
Yeah I was always suspicious of those sites where you loan out your Bitcoin for a percentage return appreciate the guide take care thanks again.
Very useful site for the lenders:
https://cryptolend.net/rates.html
Tip!
very interesting, thanks!
Great idea. I just think that instead of lending, it is better to invest on a good project and leave it for months.
What are your thoughts on ATLANTI (ICO)? The public token offering started this month, was thinking about investing but its success depends on government adoption of blockchain ledgers.
very risky...
Basically this tells me how i can compound the risk of an incredibly speculative investment by unknown multiples for the reward of possible small percentage gains . People please do not risk your own financial future by lending money to people you don't know that lend money to other people you don't know so they can gamble that money betting on something that nobody can possibly know will actually be a good investment in the future.
which is the most credible exchange?
What would be the bare minimum to make it worth while?
depends where you live :) just try!
If you are a US Citizen then you will not be able to open an account there.
try to use VPN to view
USA will soon be banned everywhere
that´s a big claim, can you proof it with different sources?
USA will soon be banned everywhere
Can you elaborate?
US will not be banned everywhere he was just speculating. You cannot use a vpn they verify with KYC.
No one wants the banking Cabal anywhere in the world because of their control issues https://www.bitfinex.com/posts/216
https://www.bitfinex.com/posts/217
Everyone in the world is busy treating the Dollar like a virus since everyone is starting to realise what the FIAT Ponzi scheme is all about.
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money
If you have wealth stored in the US Dollar you are ignorant to your comming demise. Rev 18
Thanks for the tips. What sort of rates can you expect to earn? Also, is interest paid in USD? It looks like you convert btc to dollars before lending? In this case you are also betting on btc/ USD exchange rate.
i saw rates from up to 1% per day. Every full hour counts. But its also a risk, last summer all btc got stolen from finex
@grizgal Rates varies on demand, I've seen rates for USD upto 0.2% per day and crypto rates around 0.03% per day. Ratesare paid in the currency you are lending. If you are lending BTC, then you get paid in BTC, if you are lending in USD then you get paid in USD etc.. There is no need to convert to any particular currency to lend. Lend in what ever currency available.
have you tried it marcus? Can you get your money back using the market at any time?
Hi @blockchainttmft Yes I have tried it and you get principal and interest back. I don't have much there because it is an exchange I had about USD300 before and was getting a return of approx USD1.2 every 2 days. It depends on the prevailing rates. You can set the number of days in which you want loan out from a min of 2 days to 30 days I think. I normally do 2 days so I can compound every 2 days.
Thanks for the details. I'll take a look.
Interest is paid in crypto you are offer. if you offer BTC you get paid your interest in BTC. Rates are per day. BTC is currently ~0.019% a day (~6.93%). Most of the smaller altcoins are on offer for 0.0001% a day
awesome
This is great investment system. But how about if you want to loan, do they have a feature for those who want to loan? Let me navigate their site. Thank you so much for this valuable information @kingscrown...
Yes, it is called margin trading. If you have 1 Bitcoin you can lend 3,3 to trade with.
It sounds pretty risky to be honest. What's your take on Bitconnect ?
Id avoid bitconnect, sure you can make some money on it, but much like a ponzi scheme you will want to get out before the house of cards crashes. Essentially 90% of bitconnect exchanging happens on the bitconnect website - as in no one buys it anywhere else for anything else.
It's value is artificially pumped due to a majority reinvesting rather than withdrawing (similar to how a ponzi scheme works). This pushes the price higher and attracts more investors that also tend to reinvest. The end result is a fast and hard crash when a large enough stake is withdrawn, but so long as more reinvest than withdraw, coupled with new investors, it will appear stable and attractive.
I'm invested in a few ponzi schemes, you can make money off them so long as your timing is right. Saying that, i've had three ponzi's cut and run this week before i got into the profit. It is risky, and there isn't much power you have in retrieving lost funds.
those were my feelings to be honest but I wanted to get more opinions on the matter
Risky risky, for 99% you're better off buying BTC and SteemPower and hodling.
But i am still doing lending on poloniex and all is fine
BFX gave me constant profits also !!!!!!!! In general avoid lending sites
hello i just opened my steem account how do i follow anyone over here?
Think to this disclaimer: Losses can exceed deposits
In the exchange market is possible to loose all and more, so think twice before start investing in this market.
Any idea why the STEEM wallet on Poloniex is down?
I always visit your blog because you inspires me. Do what you do. Thank you very much for sharing inspiring content.
This post received a 20% vote by @minnowsupport courtesy of @kingscrown from the Minnow Support Project ( @minnowsupport ). Join us in Discord.
Upvoting this comment will help support @minnowsupport.
Interesting.... i will check it out
yes great idea, and best for lenders
Thanks for sharing... Love it.
yes
Never heard about this, got me interested in this subject.
Thanks for the info
is there any risks and how much is roi per month? i know here in steemit we can have 24% apr, so is there better?
there is no 24% APR on steemit anymore man
if you use minnowbooster there is 24% to delegate your power to others
I want to help. I have become very weak. Please help and thank you
Nice post
yes
I will be checking this out. Thanks for info and great step by step instructions. Sounds pretty easy. Like you said better to have it attempt to do something than just sit there.
Lending BTC is a great way to profit because you'll earn interest and the value of BTC will always be increasing
Thanks for the screenshots of BitFinnex. I do not have an account with them yet but always like to see what the interface looks like before joining. Always gives me a better idea of their platform as a whole if the interface looks good. Another great article, with great value to many of the users of Steemit.
niiice
This post was helpful, thanks for the information provided!
almost done writing up major proposal that would enable to do this on bts, hope it gets picked up
https://steemit.com/life/@sikh1/gurdwara-sri-tarn-taran-in-punjab
Thanks for sharing @kingscrom
I have account in 1broker and site is really great.It is so good that they support bitcoin only.There I only trade position eur/usd and I make 5-10% profit per week.
@kingscrown Could you make a post about 1Broker?
Thanks for sharing your advices.
Interesting site Thanks for info
Hi what is the interest rate that we get from lending? How much you earned?
Great
Great post, greetings.
i usually use etoro as "copytrades". Just give money to etoro and my moves are the same as them.
that's an interesting feature. thanks for sharing
poloniex consistently pays out a higher interest rate than Bitfinex in my experience. I am super bugged that the steem wallet isn't working though :(
Amazing post and narrative.
Thanks for sharing such great post with us!
1Broker is one to check out and I actually never heard of them. Thanks for the advice and a new way to make some passive income.
thank for your advice, i will do it right now