Poloniex, lending, exchanging and trading website!

This very lasting platform, active since 2015, allows you to invest your bitcoin in different ways. They also accept many others cryptocurrencies, so you can also use this website as a wallet in order to avoid creating new wallet for each cryptocurrency you are using. I am personally using this as my dogecoin wallet, maybe in future I will use also other currencies.

Exchange

You can exchange the currency you want with any other currency available (like I was saying above, there are really a lot!).

Trading

You can open and close positions in the cryptocurrency market (like a forex only for virtual currency) for making a margin from these operations and increase your capital.

Lending

This is the most interesting features of the website. You can lend unproductive money you have in the wallet to other people. Do not worry, you will NEVER lose you money. Indeed, users who borrowed money can only use them within the website for trading operations. They borrow money to increase the amount of money invested in a trade in order to increase their revenue (% earned from trading - % to pay to the lender = more margin for them if the difference is positive).

These operations are always safe for you, since in case they are losing their money, once reached a certain limit your loan will be sent back automatically by the website itself.

You have the option to control the amount you want to lend and also the percentage of return, that must be within 0.0002% and 2%, the lower the fee is the faster your loan will be taken by traders.

There is no minimum amount to deposit in the website, since you can you use this also as a wallet for all your currencies.

For lending, instead, you need at least 0.01 bitcoin (10$) but I am using this with dogecoin (minimum 100 doge, few cents of dollars)

Author : Marco

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