What is Bitbond?
Bitbond is a global peer-to-peer Bitcoin lending platform. Small businesses can get affordable loans, while lenders can earn interest on their lend Bitcoins. Their mission is to make investing and financing globally accessible.
With more than 33.000 users, 1300 loans funded and 0.54 Million $ total loan volume, Bitbond is probably the third biggest player in the bitcoin lending business!
Bitbond is in our opinion the lending platform with high risk and high yield. Take care, there are no risk free earnings!
For more information on lending and borrowing, check out our article on bitcoin lending.
More information (Profile, Pricing, News) about this Cloud Minining Service
Bitbond | Bitcoin Lending
Bitbond is a global peer-to-peer bitcoin lending platform. Small businesses get access to affordable loans while lenders earn profitable interest rates. Since Bitbond works exclusively with the digital currency bitcoin, neither the borrower nor the lender need a bank account to participate in our global loan market.
Bitbond’s mission is to make investing and financing globally accessible.
Borrowing on Bitbond
Their slogan is Borrow and invest without borders. Hint: borderS is wrong, the plural is also border.
You are able to get a fast and easy loan application for up to $10.000. If you want to submit a listing for a loan, then we suggest you to make a term for 6 or less months. The maximum term length is 5 years, but this is just not trustworthy at all.
The fees for borrowing are:
- 6 weeks term loan: 1.0% of the funded amount
- 6 months term loan 1.5% of the funded amount
- 12 months term loan 2.0% of the funded amount
- 36 months term loan 2.5% of the funded amount
- 60 months term loan 3.0% of the funded amount
Investing on Bitbond
Bitbond is a German Bitcoin lending website. Though most people trying to get a loan are not German. The minimum investment on Bitbond is 0.01 BTC. What some people like, some don’t is the fact that the funding is done, when it reaches at least 60% of the goal.
The credit profiles of the lenders are categorized from A to F. Risk and reward correlate. Meaning, the higher the risk is, the higher the return rate will be. Bitbond doesn’t charge the lenders any fees.
If you plan to borrow – then you should be as honest and straight forward as possible. Try to make the lenders understand what you need the money for and how you will earn more coins due to it.
If you plan to lend – then you should take your time and investigate the people who want to get your loan. If you invest smartly, you might be able to earn good percentages. Check out if the borrower has good reputation. Most importantly see how often has he repaid something in the past. If the borrower has never repaid anything and has no loan activity, then we normally don’t invest in him. Also ASK QUESTIONS! You can ask them everything you want to know – i.e if they state they want to improve their mining rig, then ask for pictures.
As always, we recommend NOT to invest in autoinvest functionalities!
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