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/biz/ - Business & Finance

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15765692 No.15765692 [Reply] [Original]

6% annual interest rate

>> No.15765699

>>15765692
Source?

>> No.15765705

>>15765699
URL is literally in the picture turbofaggot

>> No.15765800

>>15765705
Full link?

>> No.15765853

>>15765800
https://www.binance.com/en/support/articles/360034219712

>> No.15765859

>>15765692
>lending crypto
what? i get taking loans to buy crypto but what even is this?

>> No.15765964

Do you get paid back in crypto?

>> No.15765991

>>15765853
You can borrow 30 millions USDT. the banks are on suicide watch

>> No.15766039

>>15765964
Yes. Read on their page ffs. Takes 30 sec. 6% annually isnt really that much tho. Beats inflation sure, but youll be paranoid binNce will exit scam with your shit all the time

>> No.15766381

Only 14 days on the lending? That’s not bad.

>> No.15766409

>>15765991
?

>> No.15766427
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15766427

i dont get it so is it only taking out loans or can you use your link to loan to another person and get that money back in 14 days

yes i did read the article

>> No.15766433

>>15765859
It's to short. Borrow, sell...hope price goes down and buy back/repay for cheaper.

>> No.15766440

>>15765692
Can you take the loan out of binance or you have to keep it there?

>> No.15766458

>>15766427
Yessuh roundeye. Give me yo monnies it vury safe, trustuh me.

>> No.15766477

>>15766440
Of course you have to keep it there. It's for the traders to trade and short. Also the 6% in annual interest, meaning over 2 weeks you will get like 0.23% for all the bothering.

>> No.15766480

>>15766458
i have 50k link on binance its just sitting there so i might want to loan it out. my only concern is how do you ensure it gets paid back to me?

>> No.15766488

>>15766477
It's literally nothing.
Price change every hour is more extreme.
To really feel a difference in your portfolio you would have to do this line 2-3 years constantly.
But then again... The risk of getting scammed is likely higher than 6% annually.

>> No.15766502

>>15766480
Traders can't lose it.
They get margin called before your links are gone.

>> No.15766517
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15766517

>>15766480
In stocks the lenders usually know the account balance and close out the position when the shorter gets liquidated.

Either collateral, or same thing. If leaving generational wealth on an unsecured chink site doesn't already bother you, why would you worry about their jewish lending schemes?

>> No.15766524

Not worth the risk. 20k link deposit nets you $140 a month for a $35k risk. Fuck that

>> No.15766532

>>15766409
Basically you can borrow 30 million dollars, without a credit score, paperwork or any of that shit. Crypto exchanges will kill the banks.

>> No.15766554
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15766554

>>15766524
im just too fucking lazy and cheap to get a wallet working so that extra neet money could really help. i already have it on binance so why not its not like i can move my funds out or anything

>> No.15767035

Don't trust the Chinese. Binance doesn't even have physical address on planet earth, they could be gone in a day and now law would reach them.

>> No.15767637

>>15766433
What happens if the degenerate gambler gets liquidated with your stack?

>> No.15767660

>>15766517
Based

>> No.15767694

>>15767637
then binance still keeps your money

>> No.15767701

>>15766524
This

>> No.15767718

>all these fucking retards thinking if traders fuck up YOU lose the money as a lender
classic /biz/

>> No.15767720

>>15766039
this, okay rate but what kind of a mong trusts the chinks?