How does Poloniex handle lending fees for digital currencies?

3 answers

• Shubham PradhanOct 14, 2020 · 5 years ago
  Poloniex charges lending fees for digital currencies based on the duration of the loan and the interest rate. The longer the loan period and the higher the interest rate, the higher the lending fee. It's important to note that these fees are deducted from the interest earned on the loan, so they don't directly affect the principal amount. Poloniex provides a transparent fee schedule on their website, which you can refer to for more details.
  444

  222
• Gift Johnson SwaiAug 14, 2023 · 2 years ago
  When it comes to lending fees for digital currencies on Poloniex, it's a fairly straightforward process. The fees are calculated based on the amount of the loan, the interest rate, and the duration. Poloniex provides a clear breakdown of the fees on their platform, so you can easily see how much you'll be charged. It's always a good idea to review the fee schedule before engaging in any lending activities to ensure you're aware of the costs involved.
  454

  152
• dbraven26Nov 15, 2020 · 5 years ago
  As an expert in the field, I can tell you that Poloniex handles lending fees for digital currencies in a fair and transparent manner. They have a clear fee structure in place, which is based on the duration of the loan and the interest rate. The fees are deducted from the interest earned on the loan, ensuring that lenders are compensated for their participation in the lending program. Poloniex also provides a fee schedule on their website, so you can easily calculate the fees associated with your lending activities.
  521

  131