BITCOIN LENDING AND INSTANT BITCOIN LOANS
Instant Bitcoin Micro Loan Websites
XCOINS –( www.xcoins.us ) Based out of CA USA. The process is very simple, just choose the amount you wish to receive in BTC from $10 to $1000 the site will connect you with a ready willing and able lender’s on their pier to pier network. You provide basic verification KYC “ know your client” which would include a pic of a valid government issue’s photo id and selfie holding the photo idea with the words Xoins on it and youa are good to go. Just make a payment via debit or credit even PayPal and you will receive your bitcoin within 30 minutes or so.
NEBEUS – (www.nebeus) Based UK. The process is a bit different, they only loan and receive bitcoin you can’t receive Bitcoin instantly until you have achieved a high level of validation through the website which is base on a tiered point system. The point system takes into consideration the level of your verification, loan history ect, then they will allow you to receive loans base on your level and a tiered borrower valuation. The max they will loan is up to 10 BTC an as little as .5 BTC
Borrower’s rank and available Loan amounts
Rank is the most important indicator of the Borrower’s solvency. The rank is calculated automatically and depends on the Borrower’s activity and accuracy. In other words, it depends on how often the Borrower uses the services of the platform and repays the loans in time.
In order to start using the service, you must have at least 10 ranking points. In order to receive them, you just have to confirm your Profile. To confirm your profile, you have to confirm your cell phone number and upload your ID along with the document showing your residence address.
The Borrower gets additional credit opportunities when her rank increases.
- The first loan cannot exceed 0,50 BTC and can be granted for the term up to 30 days. Loan becomes available with the rank of 12,50 points. This rating can be dialed if undergo the procedure of personality verification .
- The second loan becomes available with the rank of 16,50 points and cannot exceed 5,00 and cannot be longer than 45 days.
- The third loan becomes available with the rank of 63,50 points and cannot exceed 10,00 BTC and cannot be longer than 90 days.
The “Instant loan” option is available if the rank is higher than 50 points.
Ranking accumulation example
- Registration and Profile confirmation – 12,5 score
- Ranking points accrued after the First loan repayment – 8 points, total rank is 20,5 points
- Ranking points accrued after the Second loan repayment (loan amount – 5,00 BTC, term – 45 days) – 23 points, total rank is 43,5 points
- Ranking points accrued after the Third loan repayment (loan amount – 10 BTC, term – 90 days) – 47 points, total rank is 90,5 points
P2P lending with fiat currency, like the US Dollar, has been gaining popularity because investors can get a better return on their money than you can receive by leaving your money in the bank, and loaners can access funds for projects that normally do not qualify for loans through a bank. And recently some new lending sites, based on loaning bitcoin, have been gaining popularity.
When most people think about lending bitcoin – they think of Peer to peer (P2P) Bitcoin lending websites like BTCJam, BitlendingClub, Bitbond, or BTCpop.
List of the Bitcoin Loan Websites
https://btcjam.com/ – World’s largest bitcoin peer to peer lending network. Where borrowers get great rates and Investors get great returns. Personal loans and Online Investing. (No longer lending to USA residents)
https://bitlendingclub.com/ – BitLendingClub is the one-stop international Bitcoin crowd-lending platform. BitLendingClub set out to use groundbreaking technology. Bitcoin Lending Done Right.
( bitlendingclub.com is no longer going to be accepting new clients due to heavily regulatory pressure they are closed to new clients)
https://www.bitbond.com/ – Bitbond: Bitcoin p2p lending ✓ Earn interest with bitcoin lending ✓ Small business loans for ebay sellers ✓ Bitcoin loans ✓ Get started now. Profitable bitcoin lending Global small business loans. (Very small lender base)
https://btcpop.co/ – BTCPop is fast becoming the worlds largest Bitcoin lending and investments platform, with a wide range of options such as instant borrowing. BTCPop Invest and Borrow Bitcoin.
What is the trouble with P2P Bitcoin Loan Websites?
The trouble is, there seems to be a new bitcoin loan website popping up every other day. And they focus on taking a profitable fee to help you provide bitcoin loans to other people – and some of these people are notoriously bad at repaying loans. Think about it… Many people who seek P2P loans to borrow bitcoins have been turned down for traditional loans from banks and credit unions because they already have a proven bad track record for repaying – and they have a bad credit rating.
Let’s face it. In North America, the interest rates on loans from a bank are extremely low. If a person could qualify for a loan from a Credit Union or Bank – they would never need to seek out bitcoin loans at a higher interest rate from a P2P lending site.