I decided to put money in bitcoin about a month ago when the value was $2700/btc not thinking at a split would actually occur. As time neared August 1st and the split seemed more likely, I was able to plan accordingly and made a solid 25% gain on my investment because of it. But with the dust settling, I, like many of you, was left searching for ways to increase my bitcoin stake as that is the ultimate goal for most people. There is always the option of trading in the cryptomarket, but leaving my bitcoin behind for speculation on an altcoin didn't appeal to me especially with Bitcoin hitting new record highs almost every day. In the end, this is what I turned to:
Bitcoin Lending
Now I know what you are thinking, "Why lend bitcoin out and risk the borrower defaulting?" This however, is not a problem with the way we will be lending. I will be discussing two ways that I lend Bitcoin that has worked very well for me.
- Bitfinex Margin Funding
The first way is through Bitfinex.
You will be funding trader's margin accounts. As a result, you will be paid interest for the funds that you have loaned out. Bitfinex claims that no one have ever lost Bitcoin by lending them out due to code in place that will automatically do a margin call if the trader makes a poor investment. Most loans last generally 2 days but you can increase it to 60 days if you wish. The rate is always changing, but here is the current rate:
Daily Rate: 0.08%
APR: 33.89%
- YoBit InvestBox
The second way is through the YoBit exchange - InvestBox. This site claims the following:
"Invest your free coins to InvestBox! It’s a tool for devs to promote their coins. It’s NOT Pyramid/HYIP, all payments are made from special fund. InvestBoxes can change status from Active to «No coins», but you can close your investment any time, it’s 100% safe."
Now this may not seem like a promising statement. But I have experienced no problems at all using this service. And I'm earning a nice amount everyday using it. Below are the current rates:
Daily Rate: 0.20%
APR: 107.36%
Nothing like doubling your BTC whilst leaving your money in BTC.
I hope this helps earn you more bitcoin. Because no one wants to leave a market as strong as Bitcoin