Poloniex Automatic Lending (Complete Tutorial)
Hello Steemers, good morning
As promised, today we will carry on with our 'How to build a bulletproof cryptocurrency portfolio (101)' series talking about the automatic lending process in this platform.
There's a bot (robot), that is capable of performing (and placing) loan orders automatically. The website for it is https://www.poloniexlendingbot.com . The website has changed a bit and also the bot has had some improvements, so when you access this website, you'll be redirected to the new bot (which is https://aivren.com/). In overall the bot is the same, but the owner has improved some bug fixes.
Please find below a tutorial video about this amazing bot:
Credits to Poloniex Lending Bot Channel (https://www.youtube.com/channel/UCM9OSkQkwuxxg61txkllosA)
As you might see, the process of configuring the bot is pretty simple. All the person needs to do is to create an API Key and connect it to his/her Poloniex account. Once this process is done, all the bot will be able to do is to find the best interest rate possible to open loan offer orders. It can't perform any other actions (such as transferring, depositing or withdrawing funds from Poloniex).
I have used this bot for quite a long time and it works like magic. I strongly recommend it for funds the person is not using (as long as it is at a minimum of 0.01 BTC).
This bot charges 10% of the profit one makes on the loans, and it is a pre-paid tool. In other words, the person needs to deposit any amount of money into a wallet shown in their Poloniex Lending bot account, and once the loan orders are closed, the fee is automatically deducted from the person's profile on the bot account.
Please let me know your thoughts about it, and if you liked this post, please #upvote and #resteem it. Together we can help #Steemit grow up even stronger and faster!
Other posts of this series:
How to build a bulletproof cryptocurrency portfolio (101) - https://steemit.com/cryptocurrency/@aotearoa/how-to-build-a-bulletproof-cryptocurrency-portfolio-101
What is a bulletproof cryptocurrency portfolio and why should you have one? -https://steemit.com/cryptocurrency/@aotearoa/what-is-a-bulletproof-cryptocurrency-portfolio-and-why-should-you-have-one
Which coins I recommend to be stored and their distribution -
https://steemit.com/cryptocurrency/@aotearoa/which-coins-i-recommend-to-be-stored-and-their-distribution
How to pick other promising altcoins - https://steemit.com/cryptocurrency/@aotearoa/how-to-pick-other-promising-coins
What's the mining process, and why is it so important to the bulletproof portfolio strategy? - https://steemit.com/cryptocurrency/@aotearoa/what-s-the-mining-process-and-why-is-it-so-important-to-the-bulletproof-portfolio-strategy
Eobot complete tutorial - https://steemit.com/curation/@aotearoa/eobot-complete-tutorial
Genesis Mining complete tutorial - https://steemit.com/curation/@aotearoa/genesis-mining-complete-tutorial
Plan C Mining complete tutorial - https://steemit.com/curation/@aotearoa/plan-c-mining-complete-tutorial
Why you should have a Ledger Nano S or a Nano Blue? - https://steemit.com/curation/@aotearoa/why-you-should-have-a-ledger-nano-s-or-a-nano-blue
How to store your coins safely on a Ledger wallet (Nano S or Nano Blue) - https://steemit.com/curation/@aotearoa/how-to-store-your-coins-safely-on-a-ledger-wallet-nano-s-or-nano-blue
Why Poloniex and how to setup your account - https://steemit.com/curation/@aotearoa/why-poloniex-and-how-to-setup-your-account
Transferring funds and trading on Poloniex (Complete Tutorial) - https://steemit.com/cryptocurrency/@aotearoa/transferring-funds-and-trading-on-poloniex-complete-tutorial
Manual lending on Poloniex (Tutorial) - https://steemit.com/curation/@aotearoa/manual-lending-on-poloniex-tutorial
Very interesting! We will be taking a look at this.
That being said…
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Thanks for sharing this tutorial! Vincentb, follow and upvote!
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Thank you
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Thanks for sharing this tutorial.
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