What’s New for WhaleLend’s Community
It’s been an exciting year so far in 2019. We’ve launched new features for our product, and we’re developing more. Also, in an effort to be responsive to WhaleLend community members’ needs, we’ve lowered some of the fees and added new types of coins to the list of deposit options. We’d like to go over what we’ve done so far and what to keep an eye out for this year.
#1. Minimum Amount of Withdraw Decreased
Community members spoke and we listened. Many members, especially small investors, were turned off by the previous minimum withdrawal of 250 USD. Many members wanted the option of withdrawing coinage more often in smaller amounts. We wanted to make our services more convenient and grow our community, so we lowered the minimum withdraw requirement to 20 USD.
So far, we’ve had great responses to this change among our users and our Telegram community!
#2. Lower Fees, Some Cryptocurrency Fees Free
As another convenience for our members, the earlier small deposit fee (for deposits under 1000 USD equivalent) has been reduced for many currencies and eliminated completely for some. Large deposit fees (deposits 1000 USD and over) remains completely free. This update encourages small investors to try and review our service. Check out the deposit fee list of the coin you’re interested in.
We’ve also reduced or eliminated the withdrawal fees for various cryptos. This means you get to keep more of your earnings. If you’d like to compare costs for withdrawing coins, here’s the withdrawal fee list for the currency types we manage.
#3. Three Free Deposits for All Members
It cannot be any easier and better to earn passive income from crypto thanks to this new policy. Besides reducing deposit and withdrawal fees, we’re also waiving deposit fees for the first three deposits of all members. It doesn’t matter if you are a new or loyal customer or if you deposit one type of coin or a variety of types. You won’t be charged for the first three deposits.
This is especially helpful if you’re just starting out with cryptocurrency investing and don’t have or don’t wish to deposit a lot of a particular coin. It’s also a great way of getting to know WhaleLend and its services. Think of it as visiting our community and seeing what we have to offer.
#4. New Cryptocurrencies Supported to Enhance the User Experience
We understand that a new digital currency seems to pop up every time you get online. As you can see from our previous blog post about the importance of diversifying your portfolio, we want to support our members by offering options to deposit new types of coins as they become available for investment. We’ve expanded the number of quick choices for each account to speed up and automate transactions for many popular currencies.
Before we had automated transactions for only BTC, ETH, and LTC, and now we had added BCH, ETC, ZRX, and ZEC to the dashboard so you can easily make automated deposits.
Here’s a list of the currency and tokens we support. If your favorite coin isn’t included on the list in your account, don’t worry. Our list of accepted cryptocurrencies is growing, and we always listen to your requests. Please send your request to our email support@whalelend.com, or chat with us on Telegram, we always try to make our community happy.
#5. Shortened Processing Times and Improved Withdrawal Process
Waiting to withdraw coins can be agonizing. The withdraw process isn’t immediate because the coins are held at an exchange and are on loan for up to 30 days. Last year, we decided to find ways to cut the processing time and found that we could shorten the wait time in various cases. As soon as a withdrawal request is made, interest generation on the withdrawal amount will stop. For example, if your account balance is 10 BTC and you have submitted a withdrawal request of 2 BTC on Monday, from Monday onwards, you will receive interest on only 8 BTC.
Besides shortening the process time, we’ve improved the withdrawal process by automating many of the tasks in your account. For those coins with automated features listed in your account, you’ll find that you can request actions by clicking the desired tab and following the straightforward set of directions. You can also check the status with ease to see what stage your request is in.
#6. Webinar on Margin Lending in the Works for April
We love explaining the process of Margin Lending to our members, as well as those interested in joining our community. The concept of Margin Lending can be confusing and sometimes intimidating, so we’d like to have a conversation with everyone wanting to learn more about the process. Our goal is to help make this type of lending process clear and understandable. We finished preparing for our webinar on Margin Lending and we plan to go live with it in April. Stay tuned!
Originally published at whalelend.com on April 4, 2019.
