Bitcoin Forum

I only know of lending club, BTCPop, bitbond and BTCjam which no longer takes Americans

You seem eager to join these sites and I will just give you a word of advice.
The time will come when one if not all these sites go under and that will be the day when the chicken comes home to roost.
Meaning that all the details you give will be sold as they exit stage left and these sites are asking for more details then they should.
Like allowing them to access your bank account,which is against most banks term of service.
It may seem like a decent plan right now but in the long run you will suffer for the decisions made today.

Besides the lending is lacking if you are not bringing much to the table.

Well I'm in desperate need for a 0.08 loan. I don't believe they'd sell off everyone's information.

i only know three of them which is btcjam, huobi, bter. huobi is yuan chinese currency and i think you only can use the lending money for trading in that site and its the same for bter. but i never try lending in their site because in lending site, we need to fill our details and send our document to gets verified after that we can lend some money.

you should careful if you want to lend in that site, because you should think how you're gonna pay them back. but if you are sure that you can pay them back, so there is no worried to lend with them.

Besides margin lending, none of these websites can protect your money cause they do not have sufficient amount of collateral-ensured loans. No collateral, big time risk, projected default rate is close to 30%. Consequently, one cannot make any money there.

as it was mentioned there are exchanges like poloniex and bitfinex that have features like this but the problem with these kinds of services is that you can not receive any collateral in return for the loan that you give which opens up the possibility for default.

you can always use bitcointalk https://bitcointalk.org/index.php?board=65.0 and receive collateral.

Depend on my experiences, too difficult for borrow in BTCPop, bitbond and BTCjam. I recommended to use poloniex for lending bitcoin, the fees or rates is very small, after I lend I use for trading, before we borrow, we should have a reserve fund for the payment terms. I very recommended to borrow poloniex.

I don't think this will fullfill the requirement of OP as he like to get bitcoin as loan withdrawn to his bitcoin address and also hard to trust him because he have negative feedback for shady lending behavior.

However margin lending in poloniex can be considered safe for both lender and borrower but those bitcoin can only be used to do margin trading in poloniex platform. All other p2p lending platform are full of scam borrowers.

Is it worth using any of these lending sites ? Isn't the risk too high ? I often wonder how they survive or do they have a special system where you can't scam ? Because ypu can make some nice money that way but I don't k ow if the scamming is bad or not. It would be something I might be interested in doing to make extra money but I'm still very unsure about the security of my bitcoin. Perhaps collateral is an order ?

All of the OP mentioned sites are very risky or in overall lending is risky if you are lending without any collateral. Sometime if you can't valuate the collateral you may also go into loss because you will not be able to recover what you have lended selling that collateral. Better not to bear high risk for really low amount of return.

Rigid and time consuming procedures of traditional banks have unknowingly paved the way for an industry that has grown tremendously in less than a decade. The peer to peer lending industry has become viable alternative to standard bank loans and is emerging as a competitor to the traditional banking system. So there are many best peer to peer lending websites just like upstart, funding circle, prosper marketplace, circle back lending and peerform and etc/.