Ideas from books, articles & podcasts.
HaoBTC – Bitcoin mining is big business, especially in China where access to cheap wholesale electricity prices and a concentration of hardware manufacturers give local businesses an edge over their competition in other countries. Many Bitcoiners like to get involved in this business through cloud mining, but that can be fraught with risks and often leads to losses – enter HaoBTC, a major and well-established Chinese firm offering an online wallet with a range of fixed interest savings plans that generate revenue from the company’s mining operation.
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This is a popular altcoin exchange which offers leveraged trading and has a peer-to-peer market for users who want to provide liquidity to margin traders and earn daily interest as a result. You can set your own interest rate and loan duration, and because these are short term loans with daily in...
Another way to earn interest on your bitcoins is to lend them out through peer-to-peer crowdlending websites. There are a few different sites that enable this but lease bear in mind that there is more risk to this than other options, which is why I’ve included this as a bonus rather than a full l...
Fortunately there are ways to do it. As with everything, there are pros and cons to any of the options listed here. Trusting your coins to one of these services will generally involve a certain degree of risk – the same risk as you take when you make a deposit to a bank, which could lose your mon...
this bitcoin savings account pays an initial 2.18% AER until 2016, followed by a variable interest rate tied to the profits generated by leveraged margin trading at BTC.SX. With a 100% reserve guarantee which is independently verifiable via the blockchain, and multi-sig security ...
– This exchange offers daily variable interest on deposits of bitcoin and a wide range of altcoins . If you opt-in you can also get a better rate on your BTC by allowing your coins to be used by Chinese mining...
This is a bot service which you can use to increase your returns from margin lending on Poloniex and Bitfinex for any currency supported on those sites by automating offer creation. Click the link to read my full review.
As one of the top Bitcoin exchanges, Bitfinex has a sizeable market for peer-to-peer margin trading loans which works in a very similar way to Poloniex. In addition to lending BTC, you can also earn a much higher interest rate on USD than you would get from any bank savings account!
Because of this collateral requirement, margin trading loans carry a very low risk of default – only something like a major flash crash in which the exchange’s automated systems cannot close the position in time can lead to the loan not being fully repaid. Because the loans are usually very short...
Many exchange providers offer something called ‘leveraged trading’. This is when a trader seeks to increase their potential profit (or loss) by borrowing additional coins. Using a leverage of 10:1, for example, a trader would gain or lose 10% for every 1% change in the market. The exchange provid...
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What’s up, it’s @hackedongrowth here, As the globe continued to fight the epidemic earlier this year, something unusual began to happen. Bitcoin, the well-known cryptocurrency, began to appreciate in value.
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