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Bitcoin Discussion
Re: Bitcoin savings account?
by
charlescoin
on
03/07/2017, 08:35:27 UTC
Quote from: brobbel on July 03, 2017, 08:22:31 AM
Quote from: sumit513 on July 03, 2017, 07:47:54 AM
Quote from: icerose on June 30, 2017, 01:48:14 AM
Quote from: sumit513 on June 26, 2017, 03:56:53 AM
Is there any upcoming project that would act like a bitcoin savings account?
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
Is it profitable?
https://poloniex.com/lending#BTC
Here you see the current rates.
Those are the daily rates (!) so you can easily get 30% per year or more.
The rates jump up often, I've seen it above 1%/day at really speculative times. I would bet its possible to do much better than 30% per year.