Coinlend – Automatic Crypto Lending Bot – Bitcoin-Ehereum-Litecoin-Dash-Monero-Ripple-Doge

The CoinlendGmbH is a German-based technology company founded in 2017, that has developed proprietary technology to increase returns by providing margin funding for bitcoin and other digital assets. For a user to lend their digital assets on digital asset exchanges like BitfinexPoloniex and Liquid, users are required to calculate and set a number of parameters and manually create loans on a constant base. This results in missed interest due to the loan being priced too high or low and requires continuous monitoring by users.

Link to Crypto Lending Bot: Coinlend

Coinlend’s technology optimizes the lending process by having its bot facilitate the lending of funds at optimal interest rates, based on an algorithm developed by the company, with constant monitoring of the digital asset marketplace, resulting in increased returns and less time spent monitoring lending accounts. To open an account with Coinlend all a user needs to do is register an account and link their API credentials from the exchanges to the Coinlend account. There is no additional risk in using Coinlend as there is no ability for Coinlend (or a hacker) to withdraw or trade a user’s position without a user’s private key. Since being launched in May 2017, Coinlend’s bots have facilitated generating of over USD 14,000,000 for 13,000 users. Coinlend generates over 150,000 loans daily.

What’s the purpose of this service?

It is possible to lend bitcoins as well as other cryptocurrencies at very lucrative interest rates and limited risk at exchanges like PoloniexBitfinex or Liquid. The difficulties in doing this manually are:

  • The interest rates are very volatile.
  • The loans can be paid back by the borrower at any time.

For the best possible revenue, it is needed to log in at regular intervals to manage and renew the loans. On the platforms, there is an auto-renew functionality, which renews loans automatically, if they are paid back. The renewed loans are created with the same interest rate as the previous one. That’s why they are now probably above or below the current optimal interest rate. Therefore, the loans are priced to cheap and potential interest is thrown away – or the loans are priced too expensive and will not be taken by borrowers. During the time, the loan is not taken, you are missing out on interest as well.

What is the risk?

Storing your API credentials at Coinlend does not contain any risk. No withdrawal of funds or trading is possible with these credentials. Even with the slight chance that Coinlend gets hacked and your credentials get stolen – the hacker could not do anything harmful with them.

As an additional security layer, the API credentials are never accessible by the frontend and all credentials are stored AES 256 encrypted in our database.

Here comes to Coinlend bot into play: The bot lends out all your funds for the best possible rates and this fully automated and 24 hours around the clock.

Which platforms are supported?

Currently, we support the exchanges Poloniex, Bitfinex and Liquid. Further, platforms like BitMEX will follow in the future.

The integration of additional services like Cobinhood and Celsius are currently in development.

Link to Crypto Lending Bot: Coinlend

SIMPLE SETUP
  • Just two simple steps and your bot is ready to go!
AUTOMATED
  • Completely automated lending at the best interest rates – 24/7!
FREE OF CHARGE
  • The bot and most of its functionality is free of charge. If you prefer to utilize advanced lending strategies to maximize your profit you can upgrade to a premium account.
SAFE
  • The bot is 100% secure. No withdrawals of funds are possible via the API key.

Pricing

We are happy to announce the upcoming paid account model for Coinlend. It will be released on the first of September and will improve your Coinlend experience in a huge way while still allowing to use the service for free.

Basic free of charge

  • Lending: All available coins and fiat currencies on all exchanges.
  • Coinlend mobile app.
  • All security features, including Two-Factor Authentication.
  • Privacy: No personal data required.
  • Access to the basic coin settings (e.g. Reserved amount, Minimum interest rate).
Premium 3% of the generated interest

  • Lending: All available coins and fiat currencies on all exchanges.
  • Coinlend mobile app.
  • All security features, including Two-Factor Authentication.
  • Privacy: No personal data required.
  • Customer support within 24 hours.
  • Access to the extended coin settings and all strategies (e.g. Reserved amount, Iceberg strategy, Minimum interest rate, Loan duration threshold).
  • Increased and prioritized bot polling rate.
  • Tax report, including daily interest reporting and data export functionailty.
Business 5% of the generated interest

  • Lending: All available coins and fiat currencies on all exchanges.
  • Coinlend mobile app.
  • All security features, including Two-Factor Authentication.
  • Privacy: No personal data required.
  • Customer support within 12 hours.
  • Access to the extended coin settings and all strategies (e.g. Reserved amount, Iceberg strategy, Minimum interest rate, Loan duration threshold).
  • Increased and prioritized bot polling rate.
  • Tax report, including daily interest reporting and data export functionailty.
  • Individual consulting regarding lending strategies and optimization.
  • Individual performance monitoring of the business accounts.
  • SEPA payments.

The Coinlend app

The new Coinlend app is now available for Android and iOS – free to download in the Google Play Store or the Apple App Store!

ios download android download

Link to Crypto Lending Bot: Coinlend

Sending
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