Thank you for this post. I'm actually happy there are not many minnows here so I can use your wonderfull guide for myself. I already bookmarked it with name "Loan shark poloniex" xD and will for sure try it with my small amount of crypto. Thank for sharing your knowledge and I hope your wonderful efforts pay up more in future.
RE: How to earn passive income from lending your Bitcoin on Poloniex
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How to earn passive income from lending your Bitcoin on Poloniex
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"
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hello! Is there any risk of not getting paid? thanks in advance..
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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.
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