If you have open questions or would like to hear about Lendary from us directly, us the form below to request a call. We will reach out as soon as possible and make time suggestions. We can currently offer German and English as languages.
Find answers to the most frequently asked questions about Lendary.
FAQs
How secure is the service?
Your API credentials will never allow us to withdraw funds from the exchange or to buy and sell any assets. You remain in full control of your capital at all times.
What is the minimum amount to start?
The technical minimum for providing margin funding is 55 USD.
How long does it take to get my money back?
Our software is currently targeted at a 2-day maximum period for providing capital to margin accounts.
How do I ‘earn’ my interest rates?
The exchange credits your account with the total amount of funding gains that you made on the previous day, i.e. you get one earnings payment every day.
How do I use the service?
After having set up your Bitfinex account and having registered at our platform, you can monitor all margin funding activities via our personalized dashboard that will be created once you register.
How can I stop the software from running when I want to withdraw my funds?
Within your personal profile on our platform, you have an option for pausing the software activity as a whole or for blocking partial amounts of capital from being provided to margin accounts. In order to withdraw your funds, you can just do so by following the usual procedure of the exchange.
Why do traders pay high interest rates?
Crypto markets today are highly speculative and volatile. This leads to high profit expectations for intraday traders and a willingness to pay high interest rates for leverage in their margin accounts.
What does it cost to use the software?
We charge a 20% fee on all generated interest rates. We charge no additional setup fees or fixed fees. Our fees are billed monthly.
Why do I need USD to do margin funding and what about FX risks?
Margin Funding can also be provided in EUR and other currencies. However, daily rates and liquidity are far better in USD which should compensate FX risks over time, e.g. a depreciation of USD against EUR or other currencies. Alternatively, users can apply dedidated FX hedging strategies to neutralize currency volatility completely.
How can I get support?
You can get personalized support via chat or email (team@lendaryasia.com).