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RE: The quest for guaranteed BTC returns and lending with poloniex (beginners guide)
Good post. I've been interested in this, but what if the people who borrow your coins default?
Good post. I've been interested in this, but what if the people who borrow your coins default?
poloniex is setup so it automatically liquidates the funds in the lenders account if they drop too low. if the market were to drop very rapidly, ive heard there is a chance of that happening. ive also heard poloniex has never had this happen, not even once.
Thanks for the response. I opened an an account and started lending. Looks promising.