Bitcoin Lending - Improve Your Buy & Hold Strategy
Hello! Since many people here just buy Bitcoin (or any other Altcoin) and hold it for ages, I thought I will show you an improvement to this strategy. Basically, on pretty much every crypto exchange you are able to lend your coin to margin traders. For lending it, you get a % each day you have lend it. This percent depends on the demand and the coin - normally between 3-8% per year. No risk, because the losses of the borrower are limited to the value lend.
Stuff to read/watch:
- A full guide/explanation on Exchange Lending can be found on our page.
- A step-by-step video on lending on the poloniex exchange.