CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Wed Jul 05, 2017 3:04 pm

For all people interested in passive income and interest generation, I will present a new project of mine.
Everyone interested in generating revenue using Bitcoin and other cryptocurrencies will have come in contact with topics like trading, scalping and lending. The first two topics need a tremendous amount of time and sophisticated knowledge in that area to be profitable.
Bitcoin lending on the other hand is a passive approach with very limited risk. If you lend your Bitcoins on an exchange, you do not have to care much about the loan handling itself. The exchanges will ensure the repayment of the loan as well as the interest payment. On top of this, the interest rate for lending your Bitcoin is pretty high. Most of the time you can expect rates between 30-50% per year. Everyone familiar with the compound interest effect will know how powerful this effect works at this high interest rates.

We are currently a small team of cryptocurrency investors and we are lending out our coins for years now. Initially we started lending manually on the exchanges, but soon noticed how cumbersome it is to monitor and renew your loans all the time. That's why we created Coinlend.org. At first only for ourselves, but as we noticed that the fully automated lending is much more profitable than the manual lending, we now made it publicly available for free, so everyone can benefit from it.

Our goal was to make this service super simple. You just generate your API-Keys at Poloniex/Bitfinex and store them in your Coinlend Bot in a couple of simple and well explained steps.
IMPORTANT: There is no risk in providing your API-Key to Coinlend. There is no trading or withdrawal of funds possible with the key. So to use our service, you don't need have to trust us.
As soon as the credentials are stored, the bot will start it's work and lend all funds available in your lending wallets. All other cryptocurrencies which are supported by the exchanges can be lent via the bot as well.

To get a first impression about our service I will attach some images and the most asked questions. If you have additional questions, feel free to ask. Feedback is also very welcome.

Image

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 Poloniex or Bitfinex. 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 login at regular interval 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 price to expensive and will not be taken by borrowers. During the time, the loan is not taken, you are missing out on interest as well. 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.

How does the service work?

Our main goal was to make this as easy as possible and create a simple to user interface. You just have to register an account at Coinlend and enter your API credentials for Poloniex and/or Bitfinex on the account page. A step-by-step guide can be found here (Poloniex) and here (Bitfinex). The Bot will then check your accounts on Poloniex and/or Bitfinex and create new loans with optimal interest rate if necessary.

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.
Which platforms are supported?
Currently we support the exchanges Poloniex and Bitfinex. Further, platforms like Quoine will follow in the future.

Are there minimum threshold for the lending amounts?

Yes, the Bitfinex API expects an equivalent token amount of $50. This means, the bot can only create a loan offer if this threshold is present on the funding wallet. For Poloniex the following minimum thresholds:

Bitcoin: 0.01 BTC
Ethereum: 1 ETH
Clams: 10 CLAM
Factom: 100 FCT
Stellar: 100 STR
Dogecoin: 100 DOGE

What's the cost of the service?

The service is free of charge. If you want to support us, any donation is welcome:
BTC: 1HNoRcK3hFBRi68KcCNzDoofiKyuj95FVB
ETH: 0x9abb086f01f144de4cd188b6a5ea6bd5445a92e4
DASH: Xp1xZfxYENAnAiMBCQYb6rD4idc3ad4Sm1


https://www.coinlend.de/
https://www.coinlend.org
Last edited by CoinLend on Sat Dec 22, 2018 11:47 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Jul 13, 2017 1:30 pm

Quick update: Support for IOTA and EOS lending was added:

[url='http://[URL='https://www.coinlend.de#%21Blog:Support_for_IOTA_and_EOS_lending_at_Bitfinex'']https://www.coinlend.org#!Blog:Support_ ... t_Bitfinex[/url]


Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Aug 03, 2017 11:22 pm

You now can lend your Bitcoin Cash with Coinlend on Bitfinex. Everything you have to do is to move your BCH funds to the Bitfinex Funding Wallet.

With over 100% yearly interest it celebrates its entry to margin lending and currently leads the list of top interest rates.

https://www.coinlend.org/#!Blog:Bitcoin ... r_Bitfinex

Image

Neoclassical
Banned
Banned
Posts: 314
Joined: Sun Jul 09, 2017 3:40 pm

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Aug 07, 2017 5:12 pm

Right, but how can you ensure you won't get your coins stolen or anything like that?
We don't need no centralisation. ImageImageImage

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Sep 04, 2017 3:43 pm

Right, but how can you ensure you won't get your coins stolen or anything like that?
We don't control the coins. You have to trust Poloniex/Bitfinex in that regards!

Short Update: After some changes from Bitfinex, we reestablished the retrieval of interest via the Bitfinex API and therefore interest is again showing up correctly at Coinlend. The new API of Bitfinex allows us to get more detailed information and we will therefore show more details on the UI in the upcoming days. E.g. the interest generated for single days and more!

Also, we adjusted our color scheme a little:

Image


https://www.coinlend.org/

marcelchuo
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 33
Joined: Sat Aug 05, 2017 3:13 am

Donate BTC of your choice to 16C8d2c4cmj3P2PmuobDebKNUUzdGR7NRd

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Sep 04, 2017 4:14 pm

One of my buddies has a lot of money stuck in Poloneix because they are so overloaded right now. He's forced to withdraw the max everyday but it's super slow.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Tue Sep 19, 2017 12:35 am

@marcelchuo He should use Bitfinex instead. They are more responsive and don't have withdraw limits!

---------------------------------------------------------------------------
NEO and Santiment can now be lent on Bitfinex via Coinlend!

https://www.coinlend.org/#!History:NEO

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Wed Oct 18, 2017 1:20 pm

Now it is possible to configure minimum interest rates > 100%. Just move the slider to 100% and an input field will show up. Here you can manually enter your minimum interest rate:

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Oct 26, 2017 9:45 pm

Eidoo (EDO) lending now possible via Coinlend!

Image

Kulda_Xam
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 11
Joined: Thu Nov 02, 2017 11:03 am

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Fri Nov 03, 2017 5:08 pm

I like the main idea, but not the realization of your product. Maybe you should make it lighter?

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sun Nov 05, 2017 2:31 pm

I like the main idea, but not the realization of your product. Maybe you should make it lighter?
We are working on different themes for Coinlend!

Kulda_Xam
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 11
Joined: Thu Nov 02, 2017 11:03 am

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Nov 09, 2017 4:13 pm

I like the main idea, but not the realization of your product. Maybe you should make it lighter?
We are working on different themes for Coinlend!
Cool, so good luck to you!

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Wed Nov 22, 2017 1:57 am

Bitfinex just added Euro deposits and Coinlend now also supports Euro lending on Bitfinex: ​​​​​​​
https://twitter.com/Coinlend2017/status ... 3335578626

Kulda_Xam
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 11
Joined: Thu Nov 02, 2017 11:03 am

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Fri Dec 01, 2017 4:01 pm

Do you plan to add more exchanges?

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Fri Dec 08, 2017 5:39 pm

Do you plan to add more exchanges?
We just added Quoine!

By the way:

You can now view the interest generated every day for every Coin in the Coinlend UI:

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Jan 01, 2018 11:39 pm

Coinlend now supports Bitcoin Gold (BTG) lending!

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Feb 05, 2018 12:59 am

We just added a little handy feature: by switching on the "hide small balances" toggle, you now can hide empty and small balances (smaller than $10). The toggle only shows up if you have some dust to hide.

https://twitter.com/Coinlend2017/status ... 5630886912

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Feb 15, 2018 4:56 pm

Often requested an now available: - All balances now can be shown as Euro instead of US-Dollar!

https://twitter.com/Coinlend2017/status ... 4424333312

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Apr 02, 2018 7:52 pm

Pound Sterling (GBP) and Japanese Yen (JPY) can now be lent on Bitfinex via Coinlend!

Image

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu May 03, 2018 12:00 am

Small new feature: Daily interest payments now are also visualized as a chart in the report widget!
Last edited by CoinLend on Sat Oct 13, 2018 1:17 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sun Jun 17, 2018 8:58 pm

Check out our new donation bar, to see how many donations we receive and how much we need to keep the service running:

Image

Visit the donation page to see all donation addresses as well as the top donations we received so far: https://coinlend.org/#!Donations

And if you like the service, please support us by a donation! :)

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Fri Jul 06, 2018 8:31 pm

image removed
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sun Jul 08, 2018 5:14 pm

Ethereum, Bitcoin Cash and Dash lending now supported for Quoinex!
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Thu Jul 12, 2018 12:27 pm

Often request and now available: The minimum interest now can be adjusted in 0.1 increments!
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Jul 16, 2018 8:13 pm

The release day of our mobile app will be the 2018-07-20!
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Fri Jul 20, 2018 11:40 am

The Coinlend mobile is now available for Android!

You can download it here:

https://play.google.com/store/apps/deta ... g.coinlend



The iOS version will be delayed because of the App Store review :(
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sun Jul 22, 2018 5:56 pm

We applied some changes to the pie charts. How do you like the new version?
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 2 times in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Mon Jul 23, 2018 6:55 pm

Euro prices now can be configured as display currency in the mobile app!
Last edited by CoinLend on Sat Oct 13, 2018 1:18 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sat Jul 28, 2018 12:50 pm

Introducing paid accounts

Paid accounts will provide you with a wide range ob benefits including higher returns. We will charge a 3% fee for the interest generated by the bot.

It will still be possible to use the bot for free.

The benefits and differences can be seen here in detail:

https://www.coinlend.org/#!Blog:Introdu ... d_accounts
Last edited by CoinLend on Sat Oct 13, 2018 1:19 pm, edited 1 time in total.

CoinLend
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 93
Joined: Mon May 15, 2017 1:53 pm
Location: Germany
Contact: Website Facebook Twitter Telegram

Re: Coinlend.org - The Lending-Bot for Poloniex & Bitfinex

Sun Jul 29, 2018 12:04 am

Did you already check out our new credit system?

https://www.coinlend.org/#!Wallet
Last edited by CoinLend on Sat Oct 13, 2018 1:19 pm, edited 1 time in total.

Return to “Project Development”

Who is online

Users browsing this forum: No registered users and 2 guests