BitCoin Lending Service
BitBond: It 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.
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.
With more than 40.000 users, 1300 loans funded and 0.54 Million $ total loan volume, Bitbond is one of the biggest players in the bitcoin lending business!
Borrower: 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.
Lender: 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.
-Borrowers enjoy the lowest fees and interst rate levels in the bitcoin lending market.
-Lenders benefit from lower default rates,as Bitbond employs a more robust mechanism for ensuring borrower quality
-Loans are generally of a much longer duration at Bitbond, and borrowers are usually small business owners
-Unlike the competition, Bitbond allows early loan paybacks without having to continue paying interest on the full term.
-Low loan volumes compared to the competition, no doubt partially attributable to the 40% acceptance rate.
Introduction video: