What is Bitbond?
Bitbond is a global peer-to-peer bitcoin lending platform for small businesses. Most borrowers are eBay/amazon sellers, online small businesses and cryptocurrency miners.
Bitbond is run by Bitbond GmbH, a German company, founded by CEO Radoslav Albrecht. Bitbond is a company where you can invest and/or take a loan. You can do this very easily and quickly without much complications..
How Does Bitbond Work?
A contract is made between the borrower and the lender (or lenders) to borrow a specific amount of Bitcoins. The loans can have a duration between 6 weeks all the way up to 3 years.
The borrowers get a rating before they are able to publish their loan request. To get a rating they need to verify their identity, the rating is also based on their financial assessment.
To be able to get funded, the loan request is published in the Bitbond marketplace where lenders can place bids during an auction. The loan request is up on the marketplace for up to 14 days.
Both borrowers and lenders get a payment schedule that will be displayed in their member’s area and personal account after an auction has finished successfully.
Bitbond leverage on the bitcoin technology and payment network, and have created the world’s first global market for small business loans.
This is something that would not be possible in the traditional banking system because it would take (Way to) long time and would be way to expensive.
Loan amounts
- Minimum loan amount for borrowers: BTC 0.1
- Maximum loan amount for borrowers: depends on personal debt capacity, all outstanding loans and ongoing loan requests are taken into account
- Value per loan note: BTC 0.01 (this is the amount of one note)
- Minimum bid amount for lenders: BTC 0.01
- Base currencies: all payment transactions are conducted in bitcoin only, we offer bitcoin, European euro, US dollar and Kenyan shillings as base currencies for the denomination of loans
Profitable Marketplace lending With Bitbond
Here is why marketplace lending with Bitbond is the right fit for you:
- Expected return of 13% pa.
- NO FEES for investors.
- Diversify your portfolio internationally
- Help entrepreneurs from around the world grow their business
- Use Auto Invest tool to save time and earn high returns
Bitbond has been bringing investors and borrowers together since 2013. Their standards of excellence have been recognised by numerous trustworthy 3-party sites, such as Trustpilot and Ausgezeichnet, where they achieve a 8.2 out of 10 star rating. They have been nominated on several occasions, as one of the most promising fintech startups and are determined to keep building on the great work they have done so far.
Small Business Loans
Your small business loan will help you to
- Buy inventory
- Invest in equipment
- Expand marketing
- Hire staff
How do small business loans work?
- Apply and Qualify
Register on Bitbond, complete the borrower application and we'll get back to you within 24 hours (normally faster) with your rating.
- Publish Your Loan
Once you're verified, you can request your small business loan. You can choose the term and amount you like (up to a personal maximum).
- Get Funded
On average it takes 1-5 days for investors to crowdfund your small business loan. The loan is then available in your account immediately.
How Is Bitbond Better Than Other Lenders?
- Bitbond allows investors to diversify their portfolio globally
- It has competitive rates and low origination fees
- The marketplace will process loan listings where investors have funded 60% of the loan amount
- Investors can automatically invest their funds with no fees
- Application process is fast and easy to complete
Final words on Bitbond
You can start investing for as low as 0.01btc or start borrow from 0.1btc so this is truly an opportunity for everyone.
It is really great to finally see a legit bitcoin investing site that isn´t some kind of Hyip or Ponzi scheme.
I think that sums it all up pretty good, you are good to go with this company as they are completely transparent with everything.
Plain and simple, this is a great company!
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