Lending bot
What is Lending Bot?
Lending bot is a tool that shows your funding wallet in the respective currency at certain intervals and, if money is available on your wallet, lends the trader at the best possible interest in the market
How does Lending bot EA help me?
On Bitcoin Exchange Bitfinex, it is possible to lend Bitcoins ,USD, EUR, GBP, JPY and other cryptocurrencies at very attractive interest rates and at a manageable risk. The problems with manually managing the loans are:
The interest rates on the exchanges are very volatile.
The borrowed coins can be repaid by the debtor at any time.
For the best possible return, you would have to log in regularly and manage the loans. In the meantime, there is at least one auto-renew function with which loans are automatically issued again when they have been repaid. However, this happens again at the same interest rate as the previous loan. However, interest rates may have changed significantly and are either above or below the old rate. So you either lend too cheaply and give away yields or the interest rates have dropped and the loan is set at too high an interest rate and is not serviced. When the coins are not lent, valuable returns are also lost. This is where the Lending Bot comes in and automatically lends your coins 24 hours a day at the best possible interest rate.
How does the service work?
Our main goal was to make the whole thing as simple as possible.
All you have to do is save your API credentials for Bitfinex on the Lending Bot EA. You can find step-by-step instructions here (Bitfinex) here. The algorithm will then check your account every few minutes and if loans have been repaid to Bitfinex, they will be lent again at the optimal rate.
What is the risk?
By depositing the API keys with Lending Bot EA there is no risk. With the API Credentials, no disbursement and trading of tokens on Bitfinex is possible. Even if Lending Bot EA is hacked, there is no risk since payouts are not possible.
Are there minimum quantities for the rental?
Yes, the API Bitfinex expects a value of at least $ 50 for new loan offers.
How long do the loans run?
The minimum term for Bitfinex is 2 days. The maximum term is 30 days for Bitfinex. The term can be set by the lender in the settings of Lending bot EA.
What does the service cost?
Lending bot EA is free to use for IB User
https://www.bitfinex.com/?refcode=2-zGJwpq
refcode = 2-zGJwpq
For all other user EA cost at mql5.com 30 $ for 6 Months and 50 $ for 12 Months
https://www.mql5.com/en/market/product/47119
