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RE: The quest for guaranteed BTC returns and lending with poloniex (beginners guide)

in #steemit7 years ago

Good post. I've been interested in this, but what if the people who borrow your coins default?

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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.