Well written, useful information..... Thanks!
Has anyone tried using Poloniex Lending Bot?
whytewolf
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
I got it all set up but then decided not to use it, they charge 10% of what you make using the bot, but you have to transfer Bitcoin to them manually for their cut, and the network transfer fee would be more than I'm making currently.
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Try sending them Bitcoin from exchanges that do not charge transfer fees - for example: GDAX.
Lending sounds great. However, giving away 15% to Poloniex, then 10% to a bot means only 75% for me.
Not using a bot is cumbersome and time consuming.
In addition I have another worry: Keeping larger and larger amounts on Poloniex isn't a wise idea.
So for me, lendig is more like a pastime and not investment.
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Checkout Coinlend to automate your lending - it is free!
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