Bitcoin Forum

There are some Bitcoin p2p lending services Give your review.

https://btcjam.com/ World's largest bitcoin peer to peer lending network. Where borrowers get great rates and Investors get great returns.
https://bitlendingclub.com/ BitLendingClub is the one-stop international Bitcoin crowd-lending platform
https://www.bitbond.com/ Bitcoin p2p lending ✓ Earn interest with bitcoin lending ✓ Small business loans for ebay sellers ✓ Bitcoin loans ✓

https://www.pure-central.com/ Cryptocurrency service Pure-Central has just announced the creation of the first multi-currency P2P (person-to-person) lending and trading
https://btclend.org/btc/ Trusted BTC and XPY Lending. Safe Personal Bitcoin and Paycoin loans and lending investments for ZenCloud Members.

https://tether.to/ A more modern approach to money. The legacy financial system was not built for the internet, Bitcoin technology was.
https://www.bityes.com/ BitYes Launches USD/Bitcoin Margin And P2P Lending

some reviews soon here

www.bitcoinloans.com

First off, don't talk to brand new users who join the forum probably to post something leading to a scam.

2nd of all, I've only really heard anything about btcjam. I recommend them.

BTCjam: Mining Contracts expansion and trading loan #4
https://btcjam.com/listings/42385-mining-contracts-expansion-and-trading-loan-%234 (https://btcjam.com/listings/42385-mining-contracts-expansion-and-trading-loan-%234)
http://invest2scryptcc.blogspot.com
 (http://invest2scryptcc.blogspot.com)
https://btcjam.com/users/33964 (https://btcjam.com/users/33964)
http://i.gyazo.com/5b3bafe54e1fef5b16f0c95068eb86f4.png

BitLendingClub is the one I liked the most.

BTCJam - Peer to Peer Bitcoin Lending
http://btcjam.blogspot.com

I am familiar with BTCPop, BTCJam, and Bitlendingclub (BLC). I love the concept of peer to peer lending as a way of disrupting traditional banking, and I love bitcoin. The two ideas work beautifully together - although unfortunately I don't think any company out there is doing it right yet. For example, loans are supposed to be tied to an interest rate, so that the sooner you repay the less interest you pay. This occurs with all traditional commercial debt, from mortgages to car loans to credit cards. All the bitcoin platforms, on the other hand, only calculate the debt over the term of the loan as a lump sum, so if you pay late or early it doesn't matter - you pay the same interest. So, for just one example, it makes no sense to refinance any debt to a lower interest rate. I'm hoping they do away with that soon or a competitor pops up which does. Peer to peer lending thrives on markets and it needs those options to be there.

BLC is the best of what is out there, in my opinion.

BTCJam is the largest platform so far, and the interface is nicer. They also have the market to sell notes for active loans, which is good. It allows a quick profit turnaround or ability for people to buy up defaulted debt to collect on it. However they seem to be doing everything they can to drive away legitimate borrowers. A few gripes in no random order:

1) bad customer service - check out the threads in https://btcjam.uservoice.com/forums/175861-general and see for yourself. Many of these ideas are completely ignored by management. Even worse, some of them are responded to as being high priority and yet no action has been taken on them for over a year.

2) They take their cut out as soon as the loan funds. This incentivizes volume in getting loans funded without emphasis on people who actually repay. BLC on the other hand, takes a cut each time someone makes a payment so their incentive is right in line with keeping defaults low.

3) Their recent changes are all changes for the worse, in my opinion. For example, they fix the interest rate based on their in-house credit scoring. As a lender, I can't ask for more for someone I find is higher risk, and as a borrower I can't ask for less. BLC uses a market mechanism to find the interest rate - and since markets are the principle behind which p2p lending works, that just makes more sense... BLC isn't immune from this (they recently capped their loan terms to 270 days to help prevent defaults) but overall BTCJam just seems to me to be continually dis-improving.

BLC on the other hand has the interest rate price discovery mechanism, which I think is the best format for a loan market. If they added in the flexible loan terms and real APR interest amortization it would be perfect. They also seem to be taking more efforts to stop scammers and are WAY more responsive to customer feedback. You can post on their forums and the CEO usually responds within a day or so. Much better, in my opinion, and more importantly - they look like they are on the right track to getting better rather than getting worse.

BTCpop is good - I like their innovation of a default insurance to help prevent loss, but so far they are way to small to operate. They only have active 31 listings at the time of this posting, for example. I also don't like that you have to register for an account in order to browse the listings. It makes it look like they are hiding something.

For all of them, there are no legitimate bitcoin collection agencies, and as far as I am aware no defaulted loans have ever been successfully collected on by outside companies. This means you are gambling to an extent on the loans you fund. I'm in the game until the day that collection companies arise - then I think it will go more mainstream.

Your best bet if you want to see the difference between the platforms is simply to start using all of them and see which you prefer. That's the best way, in my opinion. If you are willing, you can use this link (https://bitlendingclub.com/invite/aqorlx) to sign up the BLC account - its a referral link so I will get a scant 0.2% of any loan you take out. Good luck! Let me know if you have any other questions.

The one that is "best" depends on personal preference I guess, as they all carry the same risks

A good borrower pays his payments on time
A good borrower pays his payments early
A good borrower pays his payments now

an example
15btc 90 days term loan weekly payments of 13 x 1,26155727 btc
 total 38 days early payment

https://btcjam.com/users/33964
the loan is this one
https://btcjam.com/listings/36923-mining-contracts-expansion-and-trading-loan-%233 (https://btcjam.com/listings/36923-mining-contracts-expansion-and-trading-loan-%233)
http://gyazo.com/f24de1d74682aad2db01528bc7d2c308 (http://gyazo.com/f24de1d74682aad2db01528bc7d2c308)
http://gyazo.com/f24de1d74682aad2db01528bc7d2c308

Unfortunately those kind of people are rather an exception than common.

We all have to choose out path
its simple
you want to make money only for your self even you scam others, only looking for your self ?
or
you want to be honest and thrive, making money for you and many other with you?

every day we must choose what path we will take .

that's why you have a red -2 under your trust rating that also says trade with extreme caution please stop scamming people. I am wondering how many user names you have.

BTCPOP stole my deposit.  They won't let me withdraw the coins I deposited earlier today.  The customer service rep said I could withdraw but that I had 2 accounts and I was in big trouble for that.  I do not have 2 accounts, and they have no proof of such a thing and if they did, what right does that give them to steal my money?   

Do not trust BTCPOP!   They blatently stole my BTC for no reason and make up false accusations that are completely baseless as justification to withhold my BTC!

How does making more than one account justify stealing my money, and the worst part, I DID NOT MAKE MORE THAN ONE ACCOUNT! 

Amount stolen from me by BTCPOP today:   0.16BTC STOLEN

I'm on POP by one year and didn't have any problem, deposited, withdrawed, invested, loosed money in scammers, earned money in good borrower, all my submitted ticked (in this year) received an answer and a solution....

I've been on there quite some time as well now. Never had an issue. Chances are if he was told that then he does, or someone was scamming on the same IP as him. Never had any issues with pop.

Never had any trouble with POP in the slightest, in fact their system is by far the best of the Big 3 (POP/JAM/LB)  I enjoy the fact I can make partial payments, which allows me to take advantage of monthly due dates but making weekly payments... Setting own interest rate, oh and the collateral system is top notch!

Yes its a bit harder to get fundeed on POP, but I usually offer any new person the same advice I give you here.

1. Buy shares on POP.. POP, ARD, MINE are best ones and most secure.
2. Get a collateral loan (borrow only up to what your shares are worth)
3. Use funds to buy more shares.
4. Pay off loan as normal
5. Go back to step 2, but now you can borrow more.

This is a great way of getting known by community, getting funded, and allows you to borrow the funds you will need eventually while protecting investors.  On POP, this method is most appealing to investors.  Bonus is you prove you can make payments, AND you still got the collateral there if you ever decide to just sell it and move on :)

Hi,

Your account was locked for review due to you having multiple accounts and making threats to kill in our chatroom. You was informed of this.

Once this review has been completed (to ensure you do not have any further accounts that are over due or borrowing) we will release you BTC for withdrawal

Regards
Lee Bartholomew
CEO- BTCPOP

Hello @w00dface --- I am currently having troubles signing in through btcpop.co the site keeps redirecting me on the first page. Is there any problem w/ the site. I am @idaholic

Just and advice... Better if you open a ticket trough the support chat on the login page specially if you asked to participate to the beta testing, me too yesterday evening unable to log-in but now solved by support

Cheers

I'm afraid I have had an extremely negative experience with BTCPOP and as of now, four days after my attempt, they have yet to return my 2.5646 BTC.
I was first attracted to BTCPOP because of the savings account. I plan on holding my BTC over the long term and who wouldn't want to earn a little interest while waiting? I checked out the reviews and I justified that even the negative ones eventually seemed to get resolved. So I took the plunge and deposited with BTCPOP, they were even offering up to 10% bonus.

The deposit went smoothly, taking only about as much time as getting 3 confirmations on the network. After I saw that my coins were safe in their new home I started poking around the website, there is a lot going on. I began to notice that the majority of the P2P lending opportunities were very risky and that the features of the website that would have helped managed risk (like reporting late loans) were not functioning.

After reading some internal message board posts it became clear to me that my worst fear was happening, that people were having extreme difficulty retrieving their coins. At that point I panicked and withdrew my coins. When I place the withdraw order the system asked me for my 2FA credentials which I input. When I pressed "send" the balance was removed from my wallet and placed in "pending" where it sits today... four days later.

Even the most basic operations have to be able to do two things at a minimum, deposit and withdraw. If that doesn't happen efficiently people are going to rightly worry. That is were BTCPOP is right now, it does some really innovative things... some really groundbreaking ideas are being pushed there. But if people can't get their coins as easily as when they deposit them, something smells rotten.

Timeline:
June 12, 2016 (PST) - Withdraw request
June 13, 2016 - Emailed Chad in Support
June 13, 2016 - Chad got back to me saying if I input my credentials correctly transfer imminent.
June 14, 2016 - Emailed Chad again, still haven't received coins.
June 14, 2016 - Chad escalates to "transaction review"
June 16, 2016 - **Crickets**

Ps. I will be updating as to their communication and for those who think I'm scamming because I have so few posts, I'm not, message boarding is not really my thing. Here is my identity: https://onename.com/aaron1

I posted this here. BTCPOP is relatively unstable. Better stay away.

https://bitcointalk.org/index.php?topic=1435851.msg15220663#msg15220663

I think it is wise to stay away from BTCPOP.co. Received their mailer.

from:   The BTCPOP Team <social.media@btcpop.co> via mail21.us4.mcsv.net
reply-to:   The BTCPOP Team <social.media@btcpop.co>
date:   14 June 2016
subject:   A little something to say we are sorry.

right

Thanks Bigboxx, I appreciate the information. I'll keep you updated with a post tomorrow to see if they have gotten around to giving me my coins back.

Timeline:
June 12, 2016 (PST) - Withdraw request
June 13, 2016 - Emailed Chad in Support
June 13, 2016 - Chad got back to me saying if I input my credentials correctly transfer imminent.
June 14, 2016 - Emailed Chad again, still haven't received coins.
June 14, 2016 - Chad escalates to "transaction review"
June 16, 2016 - **Crickets**
June 17, 206 - **Silence**

They could at least email notifying me of the status. This is a horrible way to treat customers if you are a legitimate business.

This is absolutely amazing. So I go on to BTCPOP.co and login so I can try and talk to someone. I post a message on their chat system:
"my withdrawal request has been stuck in 'pending' for 5 days now, any suggestions?"

I received an immediate reply directing to a post of a user who is doing "voucher" trades for people who are trying to cashout. To put that more plainly, it is so difficult to cash out of BTCPOP that a secondary market has materialized for people who simply want to get back THEIR OWN COINS, of course at a steep premium. What a scam.

You are welcome. I am just sharing what I know, or what information I have. I hope everyone helps to keep bitcoin community a better place. :)

June 12, 2016 (PST) - Withdraw request
June 13, 2016 - Emailed Chad in Support
June 13, 2016 - Chad got back to me saying if I input my credentials correctly transfer imminent.
June 14, 2016 - Emailed Chad again, still haven't received coins.
June 14, 2016 - Chad escalates to "transaction review"
June 16, 2016 - **Crickets**
June 17, 206 - **Silence**
June 18, 2016 - **Silence**

Bitbond is the site I used for getting loans sometimes, and I think they are fine with their features.
You should try there as they are very fast in verification processes and you can get loans easy if you have some collateral to get your things going.

Please continue to keep us updated. I am uncomfortable with the way they keep on asking customers to deposit more into the savings pool with the promise of double returns due to site issues.

I have known p2p before, but never heard a p2p lending services. Well said, OP I think you have a lot of solution from a certain problem, it is like you already know what path to choose to reach the per-determined goal.

June 12, 2016 (PST) - Withdraw request
June 13, 2016 - Emailed Chad in Support
June 13, 2016 - Chad got back to me saying if I input my credentials correctly transfer imminent.
June 14, 2016 - Emailed Chad again, still haven't received coins.
June 14, 2016 - Chad escalates to "transaction review"
June 16, 2016 - **Crickets**
June 17, 206 - **Silence**
June 18, 2016 - **Silence**
June 19, 2016 - **Silence**
June 20, 2016 - **Silence**
June 21, 2016 - **Silence**

Apparently there has been an ownership change, I received the following message:
Ownership of Btcpop changed! Withdrawals now will take max 12 hours for Bitcoin. Other problems will be solved as soon as possible

That's great, but what about my request that has been "pending" for over a week!

Here is the post from the BTPOP message boards from the CEO of BTCPOP:

Posted 18-06-2016 22:24:07
Some of you may know the story behind Pop, for those that don't here it is :) ....


Pop actually started out as a forum (www.jamtalk.co) back in late 2014. The aim was to have a place where people can talk about P2P BTC lending without fear of being black listed etc.

At some point (I can't remember which user it was, but I'm sure they are still active on Pop) asked why I didn't build a platform as I could code. Challenge accepted.

My aim was to build a base bit of code that I could pass to someone else to take over, and learn about BTC wallets etc in the process. BTCPOP launched on Christmas Day 2014.

By March 2015 it became a full time job. We took on staff, bought Ardeva, took on more staff, got a bigger office, took on more staff, and today hit userid 20,000

We created an Alt exchange, LBC style trading, collateral, IPO's, Shares, Insurance, Collections and much much more but above all else, we created an amazing community.


Pop over the last few weeks and months grew to a stage where a choice on how to take it forward had to be made. We needed more staff, had to start complying with new UK regs coming in, how to update all our servers to cope with demand.

Several options were laid out in front of us. The first accepting some VC offers that had been made to us, but we did not feel this would be right for the community.

The second option was to plow through the issues we were having. This would of been fine, but again I don't feel that I can take Pop much further, and also, running 3 companys as well as Pop being a full time, 24/7 job (it's not uncommon for me to work through the night several times a week), I am really tired.

Then a third offer was made, which is for me to pass over the torch for someone else to run with. When this option was given to me, the first thing I thought was "I can cut the grass and go on a family holiday". With this in mind, I have chose option 3 :)



This allows me to have a bit of a personal "Reset" take a few weeks off work, do some diy and get the grass cut (It's knee high at the moment!!!!). It also creates an opportunity for the team behind Pop to turn the KYC world upside down with Ardeva, just like we did with the p2p btc world with Pop (maybe we won't include Ardeva goats though).

I will still be active on Pop. It will be great just to be a user. I can start investing, looking in to scammers and moaning about bugs :P

I know the new owner is going to be great for you guys,  wish him all the good will in the world going forward and will always be available for help, advice and coding if needed.

This is not a choice I have made lightly by all means, I'm sad to be departing, but also majorly excited to start working on Ardeva fully as we have some absolutley amazing plans for it :D

You guys have been awesome :)

Lee Bartholomew
(former) CEO BTCPOP

I'm relieved to report I finally received my coins last night, no word from customer service as to why it took so long. I really wanted to like and use BTCPOP but the near absence of communication and high risk are definitely making me stay away.

Since the outage at bitfinex, i am losing trust with all these exchanges. The safest storage is your own wallet.

Hello Guys,
I am really in need of about $3000  right now to finance my wife's sister job application in Israel.
Can somebody lend me? I will give all my personal details and backgrounds to prove that i am not scamming.
I will pay it monthly using my salary every month.You can email me here for those who want to do business:

michaelcalilan112882@gmail.com


I really appreciate much who can help me in this.




Thanks!

BitLendingClub is closed.

Bitbond is closed.

Damn !

Just reviving this old thread. I would like to see some more feedback on these sites. I like the idea of P2P lending and sticking one to big banking.

It appears that btcjam no longer exists https://blog.btcjam.com/

btcpop.co is healthy and well working.....