You're welcome, really glad you found it useful! I like your bookmark name, that could be a great alternative title: "Getting into the loan shark business on Poloniex"
RE: How to earn passive income from lending your Bitcoin on Poloniex
You are viewing a single comment's thread from:
How to earn passive income from lending your Bitcoin on Poloniex
hello! Is there any risk of not getting paid? thanks in advance..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No, you will always get paid the interest you are owed. Poloniex and the other exchanges that support this implement margin calls, meaning that if a borrower suffers large losses they will be forced by the exchange to close their position and repay loans before they become in danger of defaulting. A default is technically possible if market conditions are so extreme that the built-in safeguards can't close out a position fast enough, but the chances of that happening are extremely low. In all the many months I've been lending, there has never been a single default.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit