bitcoin_lending

Bitcoin Lending Sites

Lend Bitcoin

If you want to invest in secured loans, you can join the Bitcoin lending website xCoins that provides a large network for Bitcoin investors and borrowers.

The peer-to-peer Bitcoin lending network Bitbond offers a 13% return on your investment by Bitcoin Lending. It's a peer-to-peer based network to connect Bitcoin borrowers and investors. Create a free account and browse the loans available for investing. Those loans are rated from A to F so you can decide how risky your investment might be.

Borrow Bitcoin

Bitbond provides loans at low rates for everyone. If you have a small business, you can get a loan up to 10.000$ at low interest rates from 1% per month. Bitbond offers those Small Business Loans. Another option for borrowing Bitcoin is the peer-to-peer Bitcoin lending platform BTCjam.

Profitable Bitcoin Lending With Bitbond

Bitbond is a global peer-to-peer online lending platform which allows you to earn high returns on your investments and help fund businesses globally with Bitbond’s dollar and bitcoin denominated loans. Signing up only takes seconds and you could be making your first bitcoin investment in just a couple of minutes. Bitcoin lending at Bitbond is completely free, meaning that you will not have to pay any fees.

Interest rates hover around the 20% mark and we aim to achieve an internal rate of return of around 13% for all investors. If you are located in the SEPA region, you can use Bitbond to buy your bitcoins at unbeatable rates. If you are located outside of the SEPA region, you will be able to buy bitcoins through Coinbase or another bitcoin exchange of your choosing.

Bitbond’s profitable bitcoin lending is the best way to profit from your hard earned bitcoins. As well as enjoying handsome interest rates, bitcoin lenders also have the luxury of investing around the globe, meaning that you, the bitcoin investor, can help finance businesses from around the world for attractive returns.

Join Bitbond Now

Earn 20% interest

Earn substantial profits with bitcoin lending. Interest rates are around 20% and expected average rate of return is 13%.

Start Today

Sign up with your name and email to start funding projects immediately.

Bitcoin Technology

Bitcoin enables smooth cross-border transactions, making it perfect for international SME lending. Buy and sell bitcoins through PayPal.

Fund Businesses

Help business owners and entrepreneurs around the globe while diversifying your portfolio.

Why Work with Bitbond

• Sophisticated bitcoin lending for international investors
• “Bitbond is the best way to make fixed income investments that I have ever seen”
• All borrowers credit checked by Bitbond and rated from ‘A’ to ‘F’
• Join over 8,000 other happy lenders today
• World coverage, support businesses in your preferred regions
• Use our AutoInvest tool to automate your bitcoin lending!
• Earn high interest rates and high returns
• Learn how to invest with our Webinars, presentations, newsletters and blog posts

This Fact Will Surprise You

Putting your money in a savings account means you are losing money. Savings accounts typically pay as little as of 0.8% average percentage yield (APY) – check out this overview of savings account rates. There are other fixed income investments that provide a substantially higher yield and you should include them in your investment strategy.

On Bitbond you can make an average 13% APY on a globally diversified portfolio of small business loans. The difference this can make in your earnings is huge. Let’s say you put $1,000 aside. This is what you will earn in interest after 3 years

• Savings account with 0.8% APY: $24
• Bitbond with 13.0% APY: $443
• Difference: $419

That means, putting your money in a savings account will make you lose $419. If you think you can afford this, leave your money at the bank. Otherwise try out Bitbond today.

Build a brighter future with bitcoin lending

With a currency not bound to any region, entrepreneurs around the world can shape their entrepreneurial vision, hereby strengthening their local economy and building a better future for their families and communities. Small companies hold the advantage of knowing exactly what kind of product or business their region needs and therefore manage to find profitable niches quickly and efficiently.

Through Bitcoin lending, you support those dedicated start-ups creating something new, getting into local and international markets and supporting others, by creating jobs or finding new ways to use resources. Entrepreneurs taking up Bitcoin loans are also dedicated to paying their loans back in time. Our Bitcoin lending platform makes sure, investors get to work with trustworthy borrowers. Therefor we credit check all members before completion of their first loan contract.

Effortless bitcoin investment with our AutoInvest tool

The AutoInvest tool lets you invest globally and build a portfolio in no time. It allows you to careful filter out those borrowers you want to support and those you do not, by determining location, credit risk, loan term and loan denomination. If you like to get into the Bitcoin lending process on a more personal level, you get to choose which types of businesses and entrepreneurs you’d like to invest in, or what region you’d like to strengthen by supporting local small business owners. At interest rates of around 20% and an expected return rate of 13%, Bitcoin lending will allow you to earn high profits at practically no effort at all.

PEER-TO-PEER

BITCOIN BANKING

| LOANS | IPO | EXCHANGE | STAKING |

WHAT IS BTC POP

And what is P2P banking?

BTCPOP offers a unique P2P Banking experience with Instant Loans, Investment Pools, Collateral Tied Loans & More. We are constantly improving and developing our services.

SECURE & RELIABLE

Unlike other companies we don't rely on 3rd party services. Your coins are stored in offline storage with only a small portion available via our hot wallets.

Trade ALTcoins via our exchange. Trade Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Blackcoin (BLK), and more today.

Get P2P loans without having to deal with banks, funds, or loan sharks.

Frequently Asked Questions

How can BTCPOP help me?

The advantage of peer-to-peer lending is that you are your own bank, so you don’t pay back any unnecessary fees. If you need money fast, our instant loans are perfect for you. BTCPOP’s instant loans start with an APR as low as 15%!

Alternatively, BTCPOP offer custom loans. You can borrow anything from 0.01 BTC to 500BTC with the option to set your own APR limit, meaning you only pay back what you can afford.

Struggling to get your business started? BTCPOP allow users to start an IPO (initial public offering). We believe that everyone deserves a chance. If you think you have a fantastic idea for a business but don’t have the funds to get it started, creating an IPO with BTCPOP offers other users the opportunity to invest in your idea, increasing the chances of making your dream company become a reality.

How do I get a loan?

Taking out a loan with BTCPOP is super easy. Just follow these six simple steps:

1. Register a BTCPOP account
2. Get verified
3. Visit Loans > Apply
4. Select your loan type
5. Complete the form
6. SUBMIT!

How do I create an IPO?

Creating an IPO has never been so simple. As long as you have a unique idea for a business, all you need to do is:

1. Register a BTCPOP account
2. Get verified
3. Visit our ‘Create an IPO’ page
4. Complete the forms
5. SUBMIT!

After you have submitted your IPO, it will be reviewed by a member of our team who will either approve your IPO, or will ask you to make some changes. Once your IPO has been approved it will then be listed for other users to invest in your new and exciting adventure!

How do I contact BTCPOP?

You can contact BTCpop using the form and links in the Contact Area

What is a Bitcoin?

Bitcoin (BTC) is a decentralised, digital currency. It exists only online and is an easy way to send and receive money instantaneously. As bitcoin is decentralised, no one owns it – so there are no hidden fees to pay. All bitcoin transactions are recorded on a public ledger. Each transaction has a unique code, so your identity is kept private but your transaction is not.

There are only 21 million bitcoin in the world, so the price of bitcoin varies on a daily basis. Researching further into the currency will keep you updated about the value of your bitcoin and the best time to invest, making sure you get the most BTC for your money.

What is BTCPOP Referral?

The BTCPOP referral scheme is designed to reward users for referring friends and/or family to BTCPOP. It gives you a chance to earn extra!

0.5% commission on all referred, repaid loans under 5.0 BTC

0.25% commission on all referred, repaid loans over 5.0 BTC

What is an Exchange?

BTCPOP allows all users to exchange a range of coins, including LiteCoin (LTC), CureCoin (CURE), Black (BLK) and more!

ALTCoin: The collective term used for other crypto-currencies, such as Litecoin

Blockchain: A public ledger of all the bitcoin transactions that have ever been made

Cold wallet: An offline wallet which is not connected to the internet

Faucet: A website that offer free bitcoin for completing a simple task, such as clicking on an advert

Hot wallet: An internet connected wallet

IPO: Initial Public Offering

Mining: A way of generating new bitcoins

P2P: Peer-to-peer

Satoshi: The smallest subdivision of a bitcoin (0.00000001BTC)

Transaction fee: A small fee imposed when making a bitcoin transaction

Bitcoin-Lending

What are Bitcoin Lending Platforms?

BTC lending platforms are places on which you are able to borrow from someone and lend to someone Bitcoins. Like in the normal banking, the borrower promises a specific interest rate to the lender for getting the BTC.

Because Lending is a Peer-to-Peer (P2P, or Person-to-Person), the platforms are there to structure the entire process in the most fair way possible.

What do the BTC lending platforms do for us?

The Bitcoin lending platforms try to make the whole process – from lending to paying back – more secure and accessible. Here are some benefits over the normal financial banks:

• Better Rates: As a lender, there is no fee. As a borrower, you need to pay between 1% and 5%.
• Quicker: It’s a lot faster to get your credit. Normal financial institutions have a high waiting period.
• Higher Bitcoin Interest Rate: The lender gets a better return of investment. Normal rates are between 3% and 7% per month. Which can not be beaten with even the best of the bitcoin savings account (check our page on the easy bitcoin interest!)
• Hand approved submissions – To reduce the possibility of scam, all of the loan-submissions are checked manually. Still take care, this doesn’t remove the risk!

What for do the borrower use our BTC?

The most typical purposes for getting a Bitcoin loan are:

1. New business idea.
2. Crypto-Trading.
3. Building/expending a mining rig.
4. Debt consolidation, Credit card refinancing, Car financing, vacation, green loan, medical expenses – in those people we don’t invest.

Best Bitcoin Lending Places

Here a list of our currently top rated Bitcoin lending platforms:

What do you need to apply for a Bitcoin loan?

In order to get a loan, you need to be from one of the supported countries. In addition, there are many thing you can verify, to get a cheaper credit and make your profile more trustworthy, so more people lend you Bitcoins. Here a list of criteria for getting a better trust-rank:

• Government issued document for identification.
• Credit card verification.
• Social media connection via Twitter, Facebook, Google+ and LinkedIn.
• Connection to PayPal, Amazon and/or eBay account.
• Verification of Address, Telephone, Income and Email.

What happens when the Bitcoin loan defaults?

If the borrower fails to comply with the repayment of the loan, an arbitration company gets involved. The arbitration company is there to sue the borrower in their own country and try to get your money back.

After researching this field, we think that arbitration is pretty much useless, if the person is not from your country. Even then it is kinda impossible. So don’t count on this. All of the p2p bitcoin loan platforms tell this as a fairy tale, but if your loan defaults, don’t count on getting your investment back!

Tips on BTC Lending

Take this list of Bitcoin lending tips as a guideline into investing in this area of p2p:

Bitcoin Loans

Are you looking for investing your bitcoins to earn interest? Do you need to borrow some bitcoin money? We list places that offer lending bitcoins or getting a bitcoin loan. A loan in bitcoin could be made and then repaid without the need for a third party. Since the system works exclusively with the digital currency bitcoin, neither the borrower nor the lender needs a bank account to participate in a global loan market.

The most common and safe place to get a bitcoin loan or to earn interest with bitcoin lending is an online website that matches bitcoin lenders and borrowers. There are quite a few bitcoin lending platforms online. We only list the most popular and reliable p2p networks. Another option is to find someone to do the loan deal on one of the popular bitcoin-related forums or by meeting someone personally.

Bitcoin lending platforms

These peer-to-peer platforms bring together bitcoin lenders and borrowers. They operate worldwide and are a safe and instant way to get a loan or to invest your bitcoins.

• BitBond is another global peer-to-peer bitcoin lending platform where small businesses get affordable loans while lenders earn profitable interest rates. They have recently secured a €5 million funding commitment from one of Germany’s foremost investment companies to fund European loans. Prime European borrowers can get funded instantly.
• BTCPOP – offers p2p banking experience with instant loans. It is the only lending site to offer instant loans after a qualifying period within the bitcoin domain. Lending is based on reputation, not credit score. You can quickly get loans from other members or make some money by loaning money you have. You set the terms and the amount.
• xCoins – another way to get bitcoin instantly is a secured loan offered by this bitcoin lending site. Although it is officially a lending site, it more works like buy/sell bitcoin site.
• Cryptopay – you can use bitcoin as collateral and get an instant loan in USD, EUR, or GBP, interest free. Loans up to 65% of current bitcoin rate. Cut out the middleman, keep your cryptocurrency and get cash whenever you need it.
• GetLine is P2P decentralized lending platform. They offer credit scoring, crowdsourced loans & investing opportunities for people around the world
• Nebeus is building an online bank. You can get immediate access to fiat, since you can use your crypto as collateral to get a loan.

How to get a bitcoin Loan

The process of applying for a loan is pretty simple. First, an online account in one of the lending sites above is needed. Then users will be asked to verify their details before creating the loan listing. The next step requires borrowers to enter the required amount, the period of the loan and the intended interest rate to pay on loan. If there is a lender in the system who is already listed and ready to lend at suggested terms, the loan process is instantly completed. If not, the borrower waits for offers, reviews offers, accepts the best offer and receives bitcoins.
If you are in a hurry and do not have time to negotiate, BTCPOP offers its users the chance to take out an instant loan. The great thing about instant loans is that what you do with your loan is totally up to you as your instant loan is completely private compared to a standard loan listing where you have to declare your reasons for getting a loan.

Profitable bitcoin lending for investors

On the other side, bitcoin owners can lend their bitcoins to the loan seekers for some extra profit. But, it must not be forgotten, that there are some risks involved – the borrower might never pay back or miss out on payments.

Bitcoin lending process

For bitcoin lender we suggest to use more platforms listed above as they provide more safety to bitcoin lending process compared to forums or bitcoin communities. They often have a thorough verification process for borrowers. Usually, they require a borrower email verification, ID verification, address verification, phone verification and income verification. The world’s largest bitcoin peer to peer lending network BTCJam provides even more verification options. They also display user’s credit rating that is calculated by taking into account the amount of verified information they have about a user, user’s past repayment behavior, a number of open credit lines, a frequency of loans, and a number of late payments.

Autoinvest option for investors

BitBond has an interesting feature that allows investors to easily diversify their investments into 100’s of loans with a few clicks. This tool builds a portfolio automatically according to investors preferences. Platforms claim that autoinvest users are currently averaging 13-14% in returns, but comments on some forums from investors reveal that the real number is around 10%. Lenders are able to chose between safe, smart and risky strategies, depending on their risk appetite. Each strategy is tailored to provide maximum diversification of the lenders’ portfolios, which results in consistent positive returns.

Bitcoin lending tips

In general, bitcoin lending business is similar to general investing. Nevertheless, we highlight a few important principles you should consider when lending bitcoins as a money-making opportunity.

• Diversify – a basic principle of all investing. Place many smaller loans instead of a big one. With one big loan, the potential return might be larger, but the same applies to the potential loss. Only fund 10% or less of the requested amount. One single loan should not take more than 5% of your portfolio. Also, you may use an auto invest option described below. Put your bitcoins on multiple platforms as well.
• Study loan-seeker carefully – from the loan description you can see why the borrower needs bitcoins. The description should make sense to you. If it is too good, don’t buy it. Check if this person already repaid loans in the past. What is their current debt? Check profile comments. Did the person reveal any personal info, such as Facebook profile?
• Lend only what you can afford to lose – bitcoin lending business is risky. If you need this money to pay your bills or to pay back debt, don’t invest it here. As always, things might go wrong, and not all borrowers repay as they are supposed to.
• Look for insurance – some platforms have partnered with a collection agency in order to pursue delinquent borrowers. All delinquent loans are sent to the collection agency, which will pursue all legal means of collecting the debt.

Doing business on forums

You can find both, investors and borrowers, on popular bitcoin-related forums. This is often a tricky option, so we suggest you to do this with extreme caution.

How to do the deal on a forum? First, find an exciting offer, check the investors/borrowers profile, check his forum reputation and negotiate the deal.
A few things that need to be mentioned when doing loans on forums. Besides interest rates you will often hear the term collateral. This is a sort of insurance that borrower will return bitcoins to bitcoin lender. In other words: to get a loan, you must give something that is equal, or slightly higher to the amount you are being loaned. Normally lenders will want things such as other cryptocurrencies or precious metals, although things that can be easily resold electronically are preferred. Also, non-material commodities can be used as collateral, for example, some user will say “my collateral is my account on this forum.”

We suggest you to check two Bitcointalk threads – one is for bitcoin micro loans and short term lending, the other one is more related to long-term bitcoin loans. To minimise trouble and scams you can also use an escrow service within this forum to avoid being tricked somehow.
If you are a Reddit user, check this Reddit thread. Any Reddit user can ask for a loan in bitcoins anonymously in this special subreddit without revealing identity. However, the loans are minimal and users need to have a good account history on Reddit.

As oppose to lending platforms, bitcoin lending process on forums has one major advantage for both investors and loan seekers. Less verification is needed here and more anonymity is provided, but there are more risks involved.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

• Vote for an existing idea ( )
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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

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Bitcoin Loans

Are you looking for investing your bitcoins to earn interest? Do you need to borrow some bitcoin money? We list places that offer lending bitcoins or getting a bitcoin loan. A loan in bitcoin could be made and then repaid without the need for a third party. Since the system works exclusively with the digital currency bitcoin, neither the borrower nor the lender needs a bank account to participate in a global loan market.

The most common and safe place to get a bitcoin loan or to earn interest with bitcoin lending is an online website that matches bitcoin lenders and borrowers. There are quite a few bitcoin lending platforms online. We only list the most popular and reliable p2p networks. Another option is to find someone to do the loan deal on one of the popular bitcoin-related forums or by meeting someone personally.

Bitcoin lending platforms

These peer-to-peer platforms bring together bitcoin lenders and borrowers. They operate worldwide and are a safe and instant way to get a loan or to invest your bitcoins.

• BitBond is another global peer-to-peer bitcoin lending platform where small businesses get affordable loans while lenders earn profitable interest rates. They have recently secured a €5 million funding commitment from one of Germany’s foremost investment companies to fund European loans. Prime European borrowers can get funded instantly.
• BTCPOP – offers p2p banking experience with instant loans. It is the only lending site to offer instant loans after a qualifying period within the bitcoin domain. Lending is based on reputation, not credit score. You can quickly get loans from other members or make some money by loaning money you have. You set the terms and the amount.
• xCoins – another way to get bitcoin instantly is a secured loan offered by this bitcoin lending site. Although it is officially a lending site, it more works like buy/sell bitcoin site.
• Cryptopay – you can use bitcoin as collateral and get an instant loan in USD, EUR, or GBP, interest free. Loans up to 65% of current bitcoin rate. Cut out the middleman, keep your cryptocurrency and get cash whenever you need it.
• GetLine is P2P decentralized lending platform. They offer credit scoring, crowdsourced loans & investing opportunities for people around the world
• Nebeus is building an online bank. You can get immediate access to fiat, since you can use your crypto as collateral to get a loan.

How to get a bitcoin Loan

The process of applying for a loan is pretty simple. First, an online account in one of the lending sites above is needed. Then users will be asked to verify their details before creating the loan listing. The next step requires borrowers to enter the required amount, the period of the loan and the intended interest rate to pay on loan. If there is a lender in the system who is already listed and ready to lend at suggested terms, the loan process is instantly completed. If not, the borrower waits for offers, reviews offers, accepts the best offer and receives bitcoins.
If you are in a hurry and do not have time to negotiate, BTCPOP offers its users the chance to take out an instant loan. The great thing about instant loans is that what you do with your loan is totally up to you as your instant loan is completely private compared to a standard loan listing where you have to declare your reasons for getting a loan.

Profitable bitcoin lending for investors

On the other side, bitcoin owners can lend their bitcoins to the loan seekers for some extra profit. But, it must not be forgotten, that there are some risks involved – the borrower might never pay back or miss out on payments.

Bitcoin lending process

For bitcoin lender we suggest to use more platforms listed above as they provide more safety to bitcoin lending process compared to forums or bitcoin communities. They often have a thorough verification process for borrowers. Usually, they require a borrower email verification, ID verification, address verification, phone verification and income verification. The world’s largest bitcoin peer to peer lending network BTCJam provides even more verification options. They also display user’s credit rating that is calculated by taking into account the amount of verified information they have about a user, user’s past repayment behavior, a number of open credit lines, a frequency of loans, and a number of late payments.

Autoinvest option for investors

BitBond has an interesting feature that allows investors to easily diversify their investments into 100’s of loans with a few clicks. This tool builds a portfolio automatically according to investors preferences. Platforms claim that autoinvest users are currently averaging 13-14% in returns, but comments on some forums from investors reveal that the real number is around 10%. Lenders are able to chose between safe, smart and risky strategies, depending on their risk appetite. Each strategy is tailored to provide maximum diversification of the lenders’ portfolios, which results in consistent positive returns.

Bitcoin lending tips

In general, bitcoin lending business is similar to general investing. Nevertheless, we highlight a few important principles you should consider when lending bitcoins as a money-making opportunity.

• Diversify – a basic principle of all investing. Place many smaller loans instead of a big one. With one big loan, the potential return might be larger, but the same applies to the potential loss. Only fund 10% or less of the requested amount. One single loan should not take more than 5% of your portfolio. Also, you may use an auto invest option described below. Put your bitcoins on multiple platforms as well.
• Study loan-seeker carefully – from the loan description you can see why the borrower needs bitcoins. The description should make sense to you. If it is too good, don’t buy it. Check if this person already repaid loans in the past. What is their current debt? Check profile comments. Did the person reveal any personal info, such as Facebook profile?
• Lend only what you can afford to lose – bitcoin lending business is risky. If you need this money to pay your bills or to pay back debt, don’t invest it here. As always, things might go wrong, and not all borrowers repay as they are supposed to.
• Look for insurance – some platforms have partnered with a collection agency in order to pursue delinquent borrowers. All delinquent loans are sent to the collection agency, which will pursue all legal means of collecting the debt.

Doing business on forums

You can find both, investors and borrowers, on popular bitcoin-related forums. This is often a tricky option, so we suggest you to do this with extreme caution.

How to do the deal on a forum? First, find an exciting offer, check the investors/borrowers profile, check his forum reputation and negotiate the deal.
A few things that need to be mentioned when doing loans on forums. Besides interest rates you will often hear the term collateral. This is a sort of insurance that borrower will return bitcoins to bitcoin lender. In other words: to get a loan, you must give something that is equal, or slightly higher to the amount you are being loaned. Normally lenders will want things such as other cryptocurrencies or precious metals, although things that can be easily resold electronically are preferred. Also, non-material commodities can be used as collateral, for example, some user will say “my collateral is my account on this forum.”

We suggest you to check two Bitcointalk threads – one is for bitcoin micro loans and short term lending, the other one is more related to long-term bitcoin loans. To minimise trouble and scams you can also use an escrow service within this forum to avoid being tricked somehow.
If you are a Reddit user, check this Reddit thread. Any Reddit user can ask for a loan in bitcoins anonymously in this special subreddit without revealing identity. However, the loans are minimal and users need to have a good account history on Reddit.

As oppose to lending platforms, bitcoin lending process on forums has one major advantage for both investors and loan seekers. Less verification is needed here and more anonymity is provided, but there are more risks involved.

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Judge Rules in Peer-to-Peer Bitcoin Lending Lawsuit

A US judge has ruled that a Kentucky man must repay a loan he originally solicited in bitcoin.

Judge Frank Fletcher of the Breathitt County District Court, in an order signed 5th June, stated that Dennis Kerley must repay $67,591 on a loan he had received in bitcoin via the peer-to-peer (P2P) lending platform BTCJam.

The loan, dating back to December 2013, fell into default within a few months of receipt. The plaintiff in the case, Daniel Kaminski de Souza, loaned Kerley 11.95 BTC, worth just over $10,000 at the time it was solicited.

The case is perhaps suggestive of how US judges who lack a general understanding of bitcoin consider cases, even providing a degree of precedent for future cases involving P2P loans denominated in bitcoin, according to lawyer Kevin Palley, who represented de Souza in the case.

Palley told CoinDesk:

"The judge did not understand what bitcoin was, and this is a small county in rural Kentucky. So he asked anybody in the courtroom if they knew about it and one or two people raised their hands."

Palley said that he went on to treat bitcoin as a kind of highly speculative foreign currency, a explanation that was ultimately accepted by the court.

Kerley, according to Palley, did make an appearance during the 5th June hearing, and though Kerley responded to the initial lawsuit, Palley successfully petitioned the court to deem that reply a non-response to the specific claims in the suit.

Kerley could not be reached for comment for this report.

Mining loan

In December 2013, Kerley sought funding to buy bitcoin mining equipment from Bitmine, a Swiss company that ultimately went bankrupt amid accusations of fraud.

Kerley said that he intended to buy a 1 TH/s bitcoin miner, as well as a 400 GH/s unit if enough funds were available. In the loan description, he wrote that he planned to generate as much as 0.76 BTC per day.

Kerley added that he was offering an interest rate of 20%, explaining:

"I realize there is some speculation and risk with this investment. But, as I am and have been actively mining bitcoins for more than a year, I believe this is a sound investment and worth the risk."

Issues emerge

According to the user comments on to the BTCJam loan page, payment issues began shortly after solicitation was complete.

De Souza asked about the status of payment on 6th February of last year, and Kerley replied that the issue stemmed from shipping problems and damages to the miners he received.

"I have over half the payment ready to send and will have it all in a couple of days. I will then make the payment and bring my loan to current," Kerley wrote. "From this point forward there will be not more late payments and I will actually be paying the loan of early."

Two weeks later, when asked for an update, Kerley wrote:

"I have mined 2.3 BTC but can not make a partial payment on the loan dues to the BTCJam system design. I will soon have the coin to pay the late payment and will soon be at full capacity before the next payment is due."

That message, dated 22nd February, was the last Kerley would post on that page.

Just over two months later, de Souza wrote that he had received notification that the loan would enter arbitration for nonpayment.

Relief sought

When borrowers agree to use BTCJam, they enter into an agreement that states: "The arbitrator's decision shall be final and legally binding and judgment may be entered thereon."

Arbitration services are provided to BTCJam users by a company called net-ARB. According to an arbitration award document provided to CoinDesk, de Souza was granted an award for 64.74381250 BTC following 91 days of nonpayment.

Following the arbitration award, de Souza told CoinDesk, he hired Palley, who subsequently reached out to Kerley to seek redress for the defaulted loan. In a response letter, Kerley requested information regarding the amount he allegedly owed, as well as verification of Palley's credentials.

In March 2015, Palley formally filed suit against Kerley on behalf of de Souza, seeking either an enforcement of the arbitration agreement or relief for breach of contract.

The complaint read:

"Plaintiff has suffered damages due to Defendant's failure to honor its contract and Plaintiff requests damages for breach of contract in the amount of $30,723.53 as of September 3, 2014, pre-judgment interest in the amount of $17.07 per day as of September 3, 2014, court costs, fees and post-judgment interest."

Two months later, Judge Fletcher found in favor of de Souza.

Next steps

According to Palley, the next phase in the suit against Kerley involves seeking repayment on the loan, a process he suggested could pose additional challenges.

"The hard part is going to be the collecting," he explained. "So what I'll have to do is do an asset search and see if there's anything to collect. Getting a judgement is easier than collecting, and [de Souza] understands it could be some time."

De Souza said one current issue is identifying financial institutions used by Kerley in Kentucky, a process he claimed has been hindered by a lack of information from BTCJam.

"A measure [Palley] will have to take now is to send a garnishment letter to every bank in the Breathitt county because we don't know in which bank and agency the debtor has an account," he said.

When reached for comment, BTCJam told CoinDesk that it was supportive of the outcome of the suit, calling it a successful example of the settlement process it has in place.

The company noted that it was bound by the law to provide sensitive information only through legal processes, but would be happy to do so through the courts if requested.

The full order on motion for summary judgment can be found below:

Judges hitting wooden gavel image via Shutterstock

Correction: An earlier version of this report incorrectly stated that Kerley did not respond to the lawsuit. While an initial response was tendered, the plaintiff successfully petitioned the court to consider that reply a non-response to the specific claims in the suit.

This report has been updated for clarity.

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