Post
Topic
Board Service Discussion
Re: lending on poloniex and bitfinex
by
Quickseller
on 06/04/2017, 05:34:52 UTC
poloniex has stated that if you are lending BTC at the time of a fork that you will only receive pre-fork coins (BCC), while Bitfinex has announced that any BTC lenders will receive both BCC and BCU in the event of a BU hard fork.

You can have whatever opinion of BU that you want, however, lenders logically want to receive something of value in the event of a fork.

Thank you a lot. It was only one idea i had. But few days ago Bitfinex as i understand changed/update policy about BTC Hard Fork, and it`s did not affect to rates. then i decide to make this topic and was very surprised when saw that looks like nobody knows answer.

May be you know other places to lend Bitcoins on exchanges? ( no 2p2 lending like BitBond )
Unfortunately I do not.

There are some websites that accept deposits and pay interest on said deposits somewhere in the range of the mid single digits percent per year. It is my suspicion that these websites deposit the BTC they receive from depositors into exchanges, lend out the BTC and collect the difference in interest payments. I would suggest that you not use these websites because you would be facing the risk that these websites pulling an exit scam (or otherwise lose money in a way specific to their website), in addition to the risk that the exchanges that these websites deposit their/your BTC into end up getting hacked.

The Chinese exchanges used to allow for users to lend our their BTC (and CNY I believe), however this stopped when they were no longer able to offer margin trading, plus I have always viewed the Chinese exchanges to be shady.

I suspect that both Coinbase and Bitstamp will offer margin loans in the future, as both of these exchanges have either recently rolled out margin trading or have said they will offer margin trading in the future.