Use poloniex with lending bot to earn bitcoins and
Today I decided to publish a video tutorial on how to do Margin Lending on Poloniex. As you all know, Poloniex is an American based exchange platform where you can exchange your Bitcoin for other types of Crypto-currencies at market value.
One of the features on Poloniex is called Lending which enables you to lend out your Crypto-currencies at an interest to other traders on the platform who are interested in Margin Trading. Margin Trading is when you use borrowed money to buy Crypto-currencies. The benefit of this form of trading is that it allows you to buy more than you would normally be able to buy simply because you are using other peoples coins for trading.
In order to lend out my coins I use a lending bot called Poloniex Lending Bot which enables me to do automatic lending but you can also do it manually if you don't have an account with the lending bot. The only downside to manually placing a loan is the fact that you have to monitor your Lending Wallet on Poloniex. This video will show you how to place automatic loans and how to place manual loans.
Just in case you haven't read my previous post on Steemit: I have been watching this feature For how long you had to lend your money to get that benefit? Thanks a lot for your helpful post. Hi marcosespes1 great question my friend. Poloniex has a feature called forced liquidation which protects users from use poloniex with lending bot to earn bitcoins and their crypto-currencies when they borrow it out.
Use this link to get a better understanding of margin trading and forced liquidation: All earnings varies based on the demand for the coin and the interest people are willing to pay for the coin.
You do get a lot of benefit from lending because risk is very low and if you have a substantial amount of Bitcoin then you can earn a lot. Thanks a lot, following the link and trying to understand force liquidation. To figure out use poloniex with lending bot to earn bitcoins and you will make just multiply the interest rate with the amount of coins you lend out. If you look at the lending bot picture you will see use poloniex with lending bot to earn bitcoins and has a lending rate of 0.
The same applies for the other coins just different lending rates. Thanks a lot, yes it helps and May I suggest to take a look to ethtrade. I have been using them for almost tthree months now and the returns vary between 0. I am really happy with the results and their web its pretty simple and nice to use. Im glad it helped and thanks for the recommendation. I will use poloniex with lending bot to earn bitcoins and them out when I have some spare time: Hi benjust sorry about that and thanks for letting me know.
Apparently the owner is planning on starting something new. I would recommend using the manual way to place loans until a new lending bot comes along. I plan on doing this when the poloniex lending bot gets discontinued. Please note Margin Trading is very risky! Authors get paid when people like you upvote their post. Hope this helps and thanks for the comment: Lol I know what you mean buddy: Hope this helps.
HI, the site no longer accepts new sign on and will be winded down. Thanks for the support benzomatic.
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