What is Loanbase?
Loanbase is a place where you are able to lend and borrow Bitcoin. With more than 2029 satisfied borrowers and 9829 loans funded, Loanbase is the leading bitcoin lending platform!
Loanbase is in our opinion the platform with the lowest risk and average yield. This doesn’t mean that there are not many people who try to scam you out of your coins.
If you need more information on lending and borrowing, than you should read our full article on lending sites.
More information (Profile, Pricing, News) about this Cloud Minining Service
Loanbase | Bitcoin Lending
Loanbase is the biggest global lending marketplace which uses blockchain technology. Loanbase platform provides small businesses in emerging markets with access to capital at affordable rates from lenders across the globe. Small businesses have had systematic and disproportionately limited access to capital, yet they account for 92% of the firms, 70% of the new jobs and generate more than 45% of the GDP of their countries and we believe that they deserve better opportunities. Loanbase leverages blockchain technology in order to bring financial innovation to the small businesses in emerging markets. LoanBase, Inc registered in the State of Delaware in March 6, 2015. File number: 5705559 / corporate information at https://delecorp.delaware.gov/
Investing on Loanbase
Loanbase try to improve and implement new formulas and integrations to create more security for the lenders. The credit profiles of the lenders are categorized from A to E. Risk and reward go hand in hand. The higher the risk, the higher the return rate.
If you plan to borrow – then be as straight forward as possible. Try to describe what you need the Bitcoins for, explain how you will make more Bitcoins for the investors.
If you plan to lend – then take your time and investigate the offers. If you invest smartly, you might be able to earn good percentages. Check out if the borrower has positive reputation and most importantly, how often has he repaid something. If they have never repaid anything and have no loan activity, then you need to be extra careful.
As always, we DO NOT RECOMMEND to invest in autoinvest functionalities!