Bitcoin Forum

I found this site cryptoborrow.com that provides loans. I've registred and a small instant loan (0.015) was approved to me. The problem is that I can't withdraw the funds. Also, repayment of thew loan is also impossible because deposit address is not visible. I've contacted support but now answerw. The funny thing is that Ardeva promotes this lending site. Does anyone here has any kind of experience with this site? Is it a scam or is just not working properly?

I am thinking it is not working.  A client of mine tried using this service and had the same issue as you are describing.  You may want to post in here for a loan if you have valid collateral.

I haven't heard of that site until you mentioned it now. I actually know every single legitimate lendig sites available in bitcoin community but not that one so I am not sure if their service works fine. If you are looking for just a small loan you can use the forum lending instead, just provide a valid collateral and you should be fine.

I never hear about this lending service site... :-\

So, its possible to be a scam for borrowers and lenders at the same time... ::)

Or a Ponzi - Laundry whatever machine... :-\

Any ideas?

At first I thought that too but somehow it makes no sense. They gave me the loan but I can't withdraw it or repay it. But where is the catch, what they have of it?

I think they want you to lend someone first after your sign up.
Every lending site has some hidden catch or the other.

But I would suggest you to stay away from such service as you won't be able to monitor any of the lending activities in case you lend someone.
I have already given up those lending services since BTCJam's several loan defaults.

haven't even visited the site yet but by how you described it, seem like it not working well.  how can that amount be considered a loan when you can't even withdraw it. if you get to repay it with interest in the end, then sure you can consider it a scam.

You are all probably right. But still, this announcemet from Ardeva is still confusing me. Why would they support a scam site? I'm still hoping that are some technical problems with the site and that they will work it out.

I dont think its scam. You paid nothing and got nothing so maybe the system is having some problem ? Must tell is how it is since this site can be nice for me maybe.

Still no answer from support and the money witdrawal is still not possible. If they are having technical problems why don't they fix it? I really don't understand this web page unless they are still in some beta phase.

A scam comes in so many forms. It does not necessarily entail you paying to be summed. From the description of OP,  I tend to think that this site is cheating people that it will offer loans so that they reveal their details. These details are later sold to third parties for different purposes. Therefore, you end up providing details and you don't get the loan.

This might be true, maybe it's all about stealing identity and personal data. I will contact Ardeva since thru them I found out about this site. I found notification in my inbox that their services are also available on that site, besides btcpop and some others.

If you looking for micro lending, i think you can find in this forum but if want to be a person who gives a loan may be better use the site are already get good reputation.

Now I'm convinced that it's a scam because I can't even log in in the site anymore. I've contacted Ardeva, because they were promoting their site, and now I'm waiting for their answer. I would also like to know what will they do to protect their users and if they are serious srevice at all if they are supporting suspicious and shady websites like this is.

Not a word from Ardeva support too. Could it be that they are in.some kind if deal? This is raaly suspicious.

For all the sherlocks out there who haven't figured it out yet Cryptoborrow and Ardeva are owned by the same person!   ;D

Please researching about their domain before for defined about the final decision if cryptoborrow is a scam or not but I sure that is a new and it's a scam site. and are you offering a collateral for getting approved?

thats too.. scam traffic, or the form that u fill in first sign up.. maybe they just want to spam your email..
since u post here many member just curious and open this site too and scam is succesfull LOL. maybe it just technical error coz its new and still beta test  ;D

Well, i try it. Atm i cannot say if this is a scam or not, because i made two witdrawal from 1 loan , and (after long time) they credited me the amount. At the same time i send them BTC for repay , and i received amount on account only after 1 week  :P (and this sound strange). Now i obtained another little loan on 0.035BTC . It over 2 day i required withdrawal, but nothing happen yet. I will update if thing changes.

OK,

I confirm i received my 0.01 BTC Loan.

THis is the Hash: 567722d61ef839bfd3ce0c3ff286149fb954125c40ce9358321f844a0448c177

*I'm from mobile so i cannot use this amount received on my yobit account  :-[

iam never hear CryptoBorrow com
iam only suggest about loan system, you can loan in btc jam
or you can loan in this forum in section lending
btcjam dot com this verification account until can receive loan is very dificult
so CryptoBorrow can easy loan without verification i think must becareful

Do you want to say that Ardeva is a scam too? And I have all my personal data there! Is there any legit site these days where people can be confident and have trust? Btcpop also uses Ardeva, what about them?

How did you get your loan. The site seems to be dormant and I don't see any activity. They want ardeva verified people but ardeva is also not working. I agree with the person who said cryptoborrow and ardeva are owned by one person.

I'm surprised that this site would let people borrow bitcoins and not let them withdraw. If you don't let people withdraw the bitcoins, then what's the point of letting others make a loan?  hopefully they fix the site so you can get the loan out.

It looks like Ardeva is waking up. Yesterday I received an email from them responding to a verification that was send 3 months ago. Surely, should it take three months to verify an address. Funny enough, my address verification was rejected. The same address verification has been accepted in three different sites. What they want me to so is to lie to them. I think they like liars.

And you already having the final definition about the ardeva and you're already said your answer he just a liars.... but that is so hilarious for me...  they still take care with their old request.

Is this true?
I guess that you are missing the verification or submitting the required documents kind of process so that we will be getting enabling the withdrawal options for the loan amount?

I have not checked their services yet. Let me check and share their process of getting a loan and withdrawing it.

I don't think you will have some success. This site is obviously some attempt to collect users data and probably misuse them afterwards somwhere else, maybe even steel identity. I don't know how else to explain this. And I'm especialy disapointed with Ardeva and I deeply regret that I ever shared my data with them. Now I'm afraid that they could pop up somwhere used for bad purpose and damage me.

I'm surprised that they would allow people to borrow bitcoins without either allowing them to withdraw the bitcoins or asking for collateral. It's like they are almost asking them to get scammed. I couldn't find the faq as well, where is it? Do you mean this site: https://cryptoborrow.com/Home#?

Before you embark on P2P lending for that 5% annual returns, please look at precedents and reconsider:

https://bitcointalk.org/index.php?topic=1625932.0

IMO if you're looking for a loan, you're better off with more reputable services like BitLendingClub. Just don't default, please.

If it is a scam it is not a very good one since it is not working. You have not lost anything so they cannot gain anything. Mskes no sense to me perhaps something is wrong though if you already have contacted support and they still wont reply then maybe they testing things or still setting their scam site up.

Even if they will be better with their customers from now on and upgrade their pitiful support - it is too late and too little.
Will anyone trust in service which is notorious for being late. I mean 3 months delay when answering support ticket? It is insane.

Let me burst your bubble.

https://bitcointalk.org/index.php?topic=1625932.0

Sorry.

Well I said if he's 'looking for a loan.' That thread is mostly investing on loans.

I've been there, I've lost BTCBTCBTC investing in loans at BitLendingClub, that's why I said don't default.

cryptoborrow.com is owned by Lee.
He aggreed with me to open no competion site to btcpop on changing ownership.
He lied all the time about everything.
User balances was much higher than he said.
Their was more shares created in the system.
After founding out all those things we aggreed he send me at least the Altcoin wallets, he never did, i got some but that was corrupted and some i got because i had access to the old webserver and transfered them via rpc but i had to buy Altcoins for $30k+ to cover user balances.
Late August he transfered the old ETH balances away and even stole micro deposits going to old addresses...
He created fake accounts before changing ownership on btcpop with 220+ btc in fake balances what he tried to withdrawal after changing ownership. ( he got 29 out and made a payment of 27 btc on one of his now defaulted loans ).
He cheated the ex owner of target sports.
He didn't pay any bills.
I still get emails addressed to him even payment reminders for amounts of $0.61
He was already in jail in the past: http://www.bexhillobserver.net/news/bexhill-dad-jailed-for-stealing-sex-toys-1-1396858 (http://www.bexhillobserver.net/news/bexhill-dad-jailed-for-stealing-sex-toys-1-1396858)

And specialy this is funny:
http://blendpop.com/cb/ (http://blendpop.com/cb/) -
SQLSTATE[HY000] [2005] Unknown MySQL server host 'ardeva-cluster.cluster-cgxo1klmgwqv.us-east-1.rds.amazonaws.com' (0

blendpop is Lee's domain he developed that scam site their...
Screenshotted that url for the case he deletes it.

This is horrible! I couldn't imagine something like this is possible. And btcpop supposed to be respectable lending site. Some say even the best. So this person actualy tried to scam more users through this new site? Thank you for all this informations, to know to avoid it. Is there any honest lending website?
And good luck!

btcpop.co now is a respectable lending site ..... :)

Casimir (actual CEO) secured it and started improving all the features inside.

Casimir also forgot to say that btcpop.co changed his verification system and is no more linked to Ardeva.

P.s. i'm only a member of the community, not involved in anything else, except being an investor.