Coinlend

Coinlend app is a user-friendly app that offers a simple and automated solution for lending out your cryptocurrencies like Bitcoin on popular exchanges such as Poloniex and Bitfinex. Lending out cryptocurrencies can be a lucrative venture, but it can also be challenging to manage interest rates and loan renewals manually. The app's bot takes care of all these complexities for you, lending out your funds at the best possible rates 24/7. By securely storing your API credentials, the app ensures that your funds are safe and that no withdrawals or trading can be conducted using your credentials. Currently, the app supports exchanges including Poloniex, Bitfinex, and Liquid, with more platforms like BitMEX to be added in the future. Please note that there are minimum threshold requirements for lending amounts on each exchange, ensuring that you can lend out your funds effectively.

Features of Coinlend:

* Lucrative Interest Rates: The app allows users to lend their bitcoins and other cryptocurrencies at very attractive interest rates. By utilizing exchanges like Poloniex or Bitfinex, users can earn a significant return on their investment.

* Limited Risk: Storing API credentials at the app does not pose any risk to users as no withdrawals or trading can be performed with these credentials. Even in the unlikely event of a hack, the hacker would not be able to harm the user's funds.

* Easy to Use Interface: The app aims to make the lending process as simple as possible. Users just need to register an account and enter their API credentials for Poloniex and/or Bitfinex. A step-by-step guide is provided in the app for all supported platforms.

* Automation: The Coinlend bot automates the lending process, allowing users to maximize their revenue. The bot continuously checks the user's accounts on supported platforms and creates new loans with optimal interest rates if necessary. This ensures that users earn the best possible rates 24/7.

FAQs:

* How does the service work?

To use the app, users need to register an account and provide their API credentials for Poloniex and/or Bitfinex. The bot will then monitor their accounts and create new loans with optimal interest rates automatically.

* What is the risk of storing API credentials at the app?

Storing API credentials at the app is safe as no withdrawals or trading can be done with these credentials. Even in the event of a hack, the hacker would not be able to harm the user's funds.

* Which platforms are supported by the app?

Currently, the app supports Poloniex, Bitfinex, and Liquid. However, they plan to add support for other platforms like BitMEX in the future.

* Is there a minimum lending threshold?

Yes, there is a minimum lending threshold. For Bitfinex, users need to have at least $55 or more in their funding wallet. For Poloniex, the minimum thresholds vary depending on the cryptocurrency being lent.

Conclusion:

Coinlend offers users the opportunity to earn attractive interest rates by lending their bitcoins and other cryptocurrencies on platforms like Poloniex and Bitfinex. With the automation provided by the Coinlend bot, users can maximize their revenue without the need for constant manual management. Storing API credentials at the app poses no risk, ensuring the safety of user funds. The easy-to-use interface and step-by-step guide make it simple for anyone to start lending. With support for multiple platforms and future plans to expand, the app provides a convenient solution for cryptocurrency lending.