Bitcoin Forum

Hello everyone,

Do you want to help make banks obsolete? Try our new service today!

We are announcing you Bitbond (https://www.bitbond.com/) – a platform for Bitcoin P2P loans.

Borrow Bitcoins from the Bitcoin community

• Complete our simple application
• Get your credit rating done by us
• Publish a loan request and borrow coins at great rates

Earn interest on your Bitcoins

• Complete our quick registration
• Place bids on laon listings and diversify your holdings
• Watch your savings grow in a convenient dashboard

Do banking without a bank

• 24/7 availability, worldwide

We are enthusiastic about bringing innovation to banking. Should you have any questions please feel free to ask!
Try it now: https://www.bitbond.com/

Cheers from the Bitbond Team
Made in Berlin

Edited to reflect re-branding from Bitbond.net to Bitbond
Edited to reflect TLD change from .net to .com

Does the lender (purchaser of BitBonds) assume any risk with this?

An issuer could default which means that you could lose some of your Bitcoins. Therefore it is a good thing to diversify by funding only small portions per Bitbond.

That's also a reason why we do an identity check and a rating. We know who the issuers are and give buyers an estimate about their creditworthiness.

Today we have published our Bitbond Blog (https://blog.bitbond.com/) to keep you updated about our innovations and general developments you could find interesting. Also, we will inform you in some more detail about the security measures our site applies.

Stay tuned!

Interesting. So you will be competing with btcjam for who can host the most scams?  ;D

If somebody does default on a bond, do you have a mechanism to go after the funds?

Well, let's rather say we compete for the best site :) But generally speaking we should be happy about every real effort to make Bitcoin widely used in financial services. I belive that if we can establish Bitcoin not just as an asset class but also as a basis for a more sound financial system (with relevant services attached to it), it could be a huge step forward for Bitcoin to become a significant alternative to existing fiat currencies. I think that's a good goal because fiat currencies and the respective financial systems have many flaws... But that's just my view.


There are two points to say about this.

1) Every issuer goes through the same rating process and is required to give us contact details and personal financial information. We validate this information manually case by case as far as possible. For German issuers we pull a real credit score which verifies name, address and date of birth and allows us to exclude applicants who are in personal bankruptcy. We will add credit bureaus from more European countries (and hopefully from other countries throughout the world) as fast as we can. This reduces the number of applicants we have but we are convinced that it also reduces the number of scams.

2) If there is a default, we do have a mechanism, but the strength depends on the country of origin of the issuer. There is a legally binding and enforcable contract between bond issuer and buyer. This is why we have much longer Terms of Use compared to many other Bitcoin related sites. There will also be updates to the Terms of Use to further improve them from a legal standpoint. We have a lawyer working on it.

If somebody defaults the claim goes to a collection agency which means that the issuer's credit score will deteriorate. This is a strong incentive to repay, but only in countries where you do have credit bureaus and collection agencies. In Western Europe this is the case, in Africa this is more difficult which is why such bonds are regarded riskier.

Happy to answer further questions.

Are you aware that Bit bond was one of the the biggest scams in Bitcoin history?

It is like calling yourselves Bitcoin Savings and Trust

I saw it.

Bitbond.net as a name just fits our product well which is fundamentally different. Many bonds from corporates or governments are big scams and we still stick to the name "bonds" because it's a generic description regardless of quality. Of course, we work hard to do a lot better than that and maybe some day we all will succeed and Bitcoin will be a real currency alternative. I believe this largely depends on the reliability of the services we all provide. So maybe it's a good start to change the connotation of a name for the better.

Welcome to Bitbond.net (Beta) - the first ??? ??? platform for Bitcoin debt instruments

Seems kinda sketchy to be claiming to be the first when we have already in this thread pointed out one other example, BTCjam, you could also argue that "platform for Bitcoin debt instruments" is also applicable to GLBSE (now defunct), MPEx, BTCT, BitFunder, coinlenders, bitfinex, ripple, and the lending section of this forum, just to name a few examples.

We define debt instrument by the following criteria:

1) Money is lent for a fixed term that is longer than 12 months (anything up to 12 months is a money market instrument)
2) There is a contractual obligation to repay
3) The borrower undergoes a mandatory assessement of creditworthiness (rating)

Some comments:

• If not all three criteria are met, for my understanding it is not a debt instrument in financial terminology
• An obligation to repay only exists and is only enforcable if you have a contract, otherwise the debt holder fully relies on the goodwill of the borrower. I believe that such a missing obligation is an invitation to scammers. A site that does not provide Terms & Conditions which state what type of contract obliges the borrower to repay does not provide debt instruments but lending with the hope of repayment. I'm not saying this is a bad thing, it is certainly valid to try and see whether such an approach works out. The only thing I'm saying is that hoping someone will repay is not equal to holding a debt instrument.
• A rating presupposes that the identity of the borrower is verified to the best possible extent and that this is mandatory. From my point of view you cannot have a legally binding contract with a pseudonym and I wouldn't lend money to someone who fails to provide proof of identity at least to an intermediary / clearing house.

I'm happy to discuss our criteria. To my knowledge the aforementioned sites do not meet them, but also happy to discuss. That is why we call Bitbond.net 'the first platform for Bitcoin debt instruments'.

We are happy to announce that Bitbond (https://www.bitbond.com/) is now a silver member of the Bitcoin Foundation (https://bitcoinfoundation.org/members/)!

https://static.bitbond.net/assets/co-marketing/bitcoin_foundation_silver_member-09b156fccbf8384169aad1e4db9392f2.png

Are you still active? Looks interesting!

Thank you!

We are active, but currently we do not unlock any new issuer accounts, that's why you don't see any listings. A law firm is updating our terms and conditions. When this is completed, new listings will come up again.

I have been using bitbond.net for a short time. Here are some thoughts on it:

They are definitely different from btcjam. More bureaucratic, but (hopefully) also more thorough. The company behind it is a GmbH, which is not easy or cheap to incorporate. (Not that this guarantees anything, but still...)

They don't do this whole reputation loan thing that goes on at BTCJam, and I think it's a good thing that they don't. IMHO, the btcjam reputation loans are a stupid idea, and they come down to buying yourself a good credit rating, especially if the borrower pays back early.

Interest rates on the site are always given "per annum". BTCJam gives interest rates over the term of the loan, which massively distorts your view on the real interest rate, especially for short-term loans. I can only assume that some of the borrowers on btcjam have never done the math, or else they would realize they are borrowing money at a p.a.-equivalent rate of 40 to 50%...

Their plan on dealing with non-paying borrowers seems more solid than BTCJam's. As a lender, I would feel more confident investing lots of coins on bitbond.net than on BTCJam. (Especially since they happen to be in the same jurisdiction as I am...)

They do not allow borrowers to set their own interest rates, but rather dictate interest on what they think the borrower's credit rating should be, which kinda goes against the whole free market idea.

I also think the interest rates they set are much too high. We are dealing with a deflationary currency here, after all.

They have very few listings, most of the time they don't have any. I'm assuming this is probably due to a combination of them not being very well known yet and checking every loan applicant a bit more thoroughly, but I don't really know.

A few more checks on the listings would be nice. For example, there's one listing that says "Real estate development. Revenues will come from tenants.". Sounds nice, but it would sound even nicer with a little note besides it among the lines of "Bitbond.net can confirm that this borrower owns real estate that can be rented out to tenants.".

They are much bigger on privacy than BTCJam. You don't get to see a user id or name of the borrower, and you don't get to see a list of investors for a given loan. There's also no way of commenting on a loan or any other way, really, for user's to communicate via the site.

There's a listing up there right now for a 36 months loan of 112 BTC at 11.66% p.a. IMHO, Bitcoin-denominated loans over such long term are a bad idea. Bitcoin still fluctuates wildly in value, and there is no way of knowing where it will stand in 3 years. If there is another big spike in value, it is very likely that the borrower will have to default.

They don't have a support or contact form on their website. Bad move, even if they are reachable via bitcointalk.

They don't (yet?) have a way of selling bonds again. This is bad for lenders who want to get out of a loan because they suddenly need the money or because they have changed their mind on a loan.

Thank you for your feedback, it's highly appreciated!


There are three ways of how to set interest rates on p2p lending platform:
1) let the borrower set the rate
2) let the borrower set a starting rate and then auction it off, so those lenders who bid the lowest interest rate are the ones who get to invest
3) the platform conducts a credit check and sets the rate according to creditworthiness

All three are legitimate concepts. The reason why on Bitbond.net we set the rates as in 3) is that experience from other p2p lending platform shows that it seems to produce the best results for both, borrowers an lenders. One popular example is the second largest US based p2p lending platform www.prosper.com (http://www.prosper.com). They started with interest rate setting as described in 2) and switched to 3) after they saw that interest rates did not reflect the default risks of borrowers correctly. Lenders weren't earning sufficient returns and the marketplace was close to stop. After they (and many others like LendingClub) changed their pricing to method 3) p2p lending started to work for them. I will post are more elaborate article about this on our blog soon.


I think this depends on the level of interest rates in your economy. Where you have high inflation, rates might be very low, with low inflation, rates are relatively high. But with currently low central bank interest rates in the Euro zone, bank loans have much higher interest rates that are not not far away from our's. After all, both sides need to be happy and that's what the rates are aimed at.


There is a number of reasons to this. We have been getting our terms of use straight for a while and weren't unlocking any new borrower accounts. Also, we're still quite new to the market so yes, we need to gain more publicity. And third, it is correct that our checks are quite thorough. There are new borrower aplicants every day but only very few of them are willing to disclose the information we require. And only those borrowers get their account unlocked, who fulfill the requirements. It's a trade off between having many users and the quality of the projects on the platform and I'm not willing to sacrifice on the quality of our credit check.


One of the next things that are on the to-do list is a public communication system. I think it would be of help, if there was a commenting function where lenders ask questions to borrowers and the answers are all public. It will be hard for us as a platform to verify every detail of each listing but when such questions arise, I believe there should be a way to address the borrower directly. What do you think, would this help? There is a long to do list so I'm taking suggestions which help us to prioritize.


This is certainly a valid point. But there is only one thing we really do know, and that is we don't know what's going to happen to the Bitcion price. If we have a 36m loan and the price goes down, the borrower benefits (in case they converted to a fiat currency). If the price goes up, the lenders benefit since they earn the interest plus the price move up. There is no way to predict what is going to happen but one thing that can be observed is that Bitcoin volatility is decreasing, as I have outlined here http://bitcoinmagazine.com/6543/bitcoin-volatility-analysis/ (http://bitcoinmagazine.com/6543/bitcoin-volatility-analysis/). This doesn't mean the price can't go up, but the swings tend to become smaller which is good for Bitcoin loans in general.

One other solution would be to offer loans that are pegged to an exchange rate but it would only reverse the problem. I'm still thinking about it, though.


On the left side of the browser window there should be w widget that says "Feedback & Support". It's a UserVoice app where you can either leave public comments or send an email to spport via a contact form. If it doesn't appear this might be due to your browser settings. You are also welcome to send an email to service(at)bitbond.net!

I'm planning to establish a secondary market, it's definitely on the list as this adds value to the site. However, currently there are other product related priorities. Stay tuned and again, always happy to take suggestions.

By the way, it is beyond me why you have ignored this and decided to just stick with the name bitbond. TradeFortress is right, the name Bit bond is burned among the bitcoin community (a.k.a. your primary target audience). You might as well call yourself "The Bernie Madoff Fund Of Guaranteed Profits". Your rationalizations of the name don't matter, people won't even see them. They will see the name bitbond and decide not to bother reading anything else you have to say. Hint: If you find you need to defend your brand name or marketing decisions to your target audience, you are probably doing it wrong.

Also, calling yourself an "unbank"? I don't care what you think about banks or what you think your target audience thinks about banks, "un" is a negative prefix, and it leads to negative associations. It's not a good choice of you want to market something.

You need to talk to someone who knows how to do marketing, and soon. Don't pretend you don't have a problem, because you apparent inability to attract lenders lately says otherwise.

Has anyone used this in the last month?

Is it worth it?

I can't seem to find a lot of info or discussion about the site/company.

With the lack of posts and promotion on any thread about Bitbond, I wouldn't use it until (if) the owner decides to make a post with extra information, solutions to problems brought up previously etc.

Seems interesting. Is it similar to what TF had going on?

From what I can see this is a legitimate company in germany.

Registrant Name: CreditSix Marketplace GmbH
Registrant Organization:
Registrant Street: Pappelallee 78/79
Registrant City: Berlin
Registrant State/Province: Berlin
Registrant Postal Code: 10437
Registrant Country: DE
Registrant Phone: +49.30120764180
Registrant Phone Ext:
Registrant Fax: +49.30120764189
Registrant Fax Ext:
Registrant Email:

Wow, I might actually go on there and lend out some BTC.

I loaned out 1BTC for short term loans. (6 weeks) lets see what happens.

The minimum is 0.01BTC but what the hell I got some spares.

Signing up right now.

No, I believe this was (is) supposed to be a peer-to-peer method of lending like BTCJam, but we all know the problems that arise with that.

Thanks for your message.

This was a temporary timeout of a few minutes. The site is back up.

I have lent a loan of 0.1BTC but I would like to repay it back early. I deposited the required payment into my account, but there is no repayment button (at least from what I could see). How can I make an early repayment of my loan?

The best thing to do is to send a support request. On bitbond.net there is a Feedback & Support widget where you can do this. Please send your request from the email you signed up with. State which loan you would like to repay and we will take care of it.

Thank you, I have submitted a support ticket.

Updated!

hey TF, please at least reply to your mail. Is Coinlender's status bad debt, "i will try to pay back some", or other thing like "go fuck yourself". Please friggin reply

Please tell me that TradeFortress at least has a hidden scammer tag so he can't remove his posts? This is just ridiculous, to be fair. Also, Peter Lambert is right. BitBond isn't the first platform for Bitcoin debt instruments.

TF spent more BTC on bitcointalk for ads and donations than you would guess... no way he'd get a scammer tag (in fact: most scammers with tags are going to loose them very soon).

Edit:
I also suspect he sold his account, this one is likely NOT the same person as the "TradeFortress" we know...

I have majority of my bitcoins invested in local loans
Usually the Australian loans payout (experiences of mine) as well as Italian and German ones
Defaulted loans usually from USA and Canada...as well as late payments from Israel

Hopefully this site gets bigger than btcjam, I've not once made a profit there

I can't find a way to change the phone number that I entered, and I have contacted support 4 days ago with no response yet. Any help please?

contact@bitbond.net is their support email
Don't bother with the creditsix email I never get responses from that

The contact email usually takes within 24 hours

Sorry about the delay. We'll get in touch with you soon.

I tried to withdraw an amount in the transaction list it sais failed. I never received it in my wallet and my balance is 0

2014-06-19 13:16    withdraw_amount    failed    -0.90472158

Please fix ASAP.

What is your support contact Or ticket system for problems I can't find anything on the site.

I don't want to discuss problems like this in public.

We will look into that.

Otherwise you can always send an email to 'service at bitbond.com'

There should also be a Uservoice widget on the left hand side in your browser from where you can open a support ticket. Depending on your browser settings there is a possibility that you don't see this.

Thank you for the fast response. I'll see about the widget probably blocked by one of the addons i installed.

Ok amount received. And yes the widget was blocked by my addons. Thanks for the fast response and fix.

Invested amounts into some loans
Hope to see some interest once they're filled

Thank you!

Yes, we are plnning a communication feature where you can post questions by loan listing and then the borrower can answer the lenders' questions.

Currently borrwers notify us in case they want to repay a loan early. We are thinking about giving the borrower the option to do this without our help.

 >:(
Well in my opinion, I'm using the others sites like this, I don't have nothing against others, yes as you can see and know, there are lot of scams so that way we can lose part of BTC, but anyway never put all your eggs in one basket you should diversify it, I was and still look to do so, but when I found Bitbond.net few weeks ago, I thought I found another place that I can put few eggs there, until now is not possible, because this is worst and slow support just to get your account unlocked, now think this way just to verify your docs that you have to send, they took ever but kept the account locked, and then sent some emails asking what is wrong with, never got an email from them, so think if you have a default user how you will get a support from a site like this, humm maybe is not a good idea.

The system won't send a verification code to my phone.

As the last unreplied message is from August, how's this site doin' now? Any success or fail story?

Thanks for asking! We're active on many fronts but haven't shared much on bitcointalk recently. Promise to do so in the future :)

As you can read in this article we received funding from a Berlin based venture capital fund and currently ramp up our team.
http://www.forbes.com/sites/alisoncoleman/2014/08/13/vc-seed-funding-spells-growth-for-berlin-based-bitcoin-loans-start-up/ (http://www.forbes.com/sites/alisoncoleman/2014/08/13/vc-seed-funding-spells-growth-for-berlin-based-bitcoin-loans-start-up/)

We have many things planned like exchange rate pegged loans so borrowers and lenders can hedge themselves against bitcoin price fluctuations. Just recently we released dedicated URLs per loan so every user can ask questions to the borrowers publicly. Loans can also be shared through social media sites now. Here is an example of a loan page https://www.bitbond.com/buyer/listings/1MCVN53R2E (https://www.bitbond.com/buyer/listings/1MCVN53R2E)

To date 259 loans got funded through Bitbond and the overall return is around our estimated 10% p.a. (after defaults). We also plan to make our loan statistics public in the next weeks. Everybody who is interested in data will love it.

We also recommend to check our blog regularly. You will find useful resources there like our 5 principles of bitcoin lending http://blog.bitbond.net/5-principles-of-bitcoin-lending/ (http://blog.bitbond.com/5-principles-of-bitcoin-lending/)

So stay tuned and if you have questions feel free to post them here!

Are you still working on publishing loan statistics? Do you have a timetable for the release of this kind of data? I would be interested in having some charts of a % of defaults on total lendings, charts explaining from where the most defaults came from, what kinds of stated investment purpose were the most at risks from defaults et so on..

Yes, we plan to make detailed loan statistics available within the next 3-4 weeks. You will be able to make different kinds of analyses yourself based on the data that we're going to provide.

In the meantime checkout or our new profile pages that we implemented yesterday. They allow you to see in more detail which loans a particular borrower already has. This is one example https://www.bitbond.net/profiles/13K2YP3CJB (https://www.bitbond.net/profiles/13K2YP3CJB)

Check out our loan of the week at 19,94% interest!
https://www.bitbond.net/buyer/listings/1RRTRK3XAM

Earn bitcoins by investing in this Bitcoin loan from Germany @ 8% interest!
https://www.bitbond.net/buyer/listings/1SMDW83XZX

Our new loan of the week from Sweden @ 11% interest! :)

https://www.bitbond.net/buyer/listings/1SWDVV3Y6B

13.8% P.A. Earn on your coin here

https://www.bitbond.net/issuer/bonds/1TG5V83YPB

Check out our loan of the week from the US at almost 15% :)
https://www.bitbond.net/buyer/listings/1TQD5W3YTX

Invest in our loan of the week from the United States at 11.15% interest!
https://www.bitbond.net/buyer/listings/1TX6P53YYS

An interesting bitcoin loan from Italy @ 11% interest  ;)
https://www.bitbond.com/buyer/listings/1VSBSB3ZDC

Interesting to see you're still alive and kicking...

Are you able to offer any data on your repayment rates, by any chance? For comparison to websites such as BTCJam.

Thanks, yes we're alive more than ever  :)

You can download and analyze detailed statistics from here https://www.bitbond.com/statistics (https://www.bitbond.com/statistics). This includes every loan ever published / funded through Bitbond. The file is updated on a daily basis. The only thing that the file doesn't show you is the recovery rate on defaulted / charged-off loans.

Our repayment rate is at 87%. We don't know how this compares to our competitors because none of them publishes detailed statistics.

[as last stated, admittedly a while ago now]

If that's still approximately correct...which considering BTCJam, it probably is...you're doing much better. Not bad at all.

Another bitcoin loan is available :) Get 10.69% interest from Finland!
https://www.bitbond.com/buyer/listings/1WC6233ZPQ

Get 10.29% profit on our bitcoin loan of the week from the US! Check it out:
https://www.bitbond.com/buyer/listings/1X647H403A

A new bitcoin loan investment from the US is available! Get an interest rate of 11.15% p.a. for a 6 weeks term.
https://www.bitbond.com/buyer/listings/1XEABN408H

Invest in our loan of the week from Poland at 10.29% interest!
https://www.bitbond.com/buyer/listings/1YPE6M40W4

Earn bitcoins by investing in our new loan from Italy @ 11.15% interest  :)
https://www.bitbond.com/buyer/listings/1ZE0JS417F

Get 13.80% bitcoin return on your investment with this new loan from the UK!
https://www.bitbond.com/buyer/listings/20J07441W6

Check out our latest bitcoin loan from Switzerland @ 10.29 % interest!
https://www.bitbond.com/buyer/listings/207MEX41PJ

So, a user in the newbie forum was asking if there were bitcoin banks where you could put your bitcoin and even get interest.  I referred him/her to your site.

Are deposits insured at all?  I guess I can just poke around in your site more and see what the security is like.  Hopefully I'll find 2FA and that good stuff.

Now I'm interested... time to dig up reviews :-)

So far, no bitcoin banks exists and anyone telling you there are is a scammer trying to prey on your hard-earned bitcoins (BTC). Bitbond is a lending platform, a Marketplace-like place where people who need capital meet the ones looking to lend it. AFAIK funds you deposit in your Bitbond account are not insured as your fiat money denominated funds put in your real life bank account.

Hi, thanks for checking Bitbond out. We are not a bank and deposits are not insured. We do have 2fa in place though.

Bitbond is a peer-to-peer lending platform. You earn interest with your bitcoins when you lend them to others. The loan listings on our platform are published by borrowers who went through a credit check with us.

You can read about why we think that this is a much better concept than that of a bank here: http://blog.bitbond.com/6-reasons-bitcoin-loans-are-the-way-of-the-future/ (http://blog.bitbond.com/6-reasons-bitcoin-loans-are-the-way-of-the-future/)

If you start lending, we recommend this blog post: http://blog.bitbond.com/5-principles-of-bitcoin-lending/ (http://blog.bitbond.com/5-principles-of-bitcoin-lending/)

Yes, that's correct. And we think it's much better this way. Deposit insurance as applied by banks has a number of disadvantages:

• the insurance is expensive. therefore the associated cost is passed to the bank's customers via higher fees
• the bank's customers think that everything is insured and therefore don't bother where they actually put their money. if deposits were not insured, banks would have to innovate more to convince customers why they should bank with them. at the same time many people aren't aware that deposit insurance always has a cap and only part of your deposits are insured
• in a really nasty bank ran also deposit insurance can run out of liquidity and the whole insurance is worthless
• banks get to "play" with the deposits of its customers and invest these deposits into much riskier assets than they would if their customers were holding them liable for losses

Hence we think that p2p lending is a better concept. It has

• much lower fees
• much better interest rates than bank deposits
• you manage the level of risk you take on your own
• it makes the financial system more resilient

Se also this blog post: http://blog.bitbond.com/6-reasons-bitcoin-loans-are-the-way-of-the-future/ (http://blog.bitbond.com/6-reasons-bitcoin-loans-are-the-way-of-the-future/)

Our bitcoin loan of the day from Panama @ 13.80% interest!
https://www.bitbond.com/buyer/listings/22E9N2432D

Earn bitcoins by investing in our loan of the week from Venezuela @ almost 14% interest!
https://www.bitbond.com/buyer/listings/22CM854314

Check out our latest bitcoin loan from the UK at 10.29 % interest!
https://www.bitbond.com/buyer/listings/23B49E43QJ

How much of a weight does the monthly salary of someone requesting a loan have on that person's rating?

We don't disclose the weight of individual rating factors. But we can tell you this much: the salary's main impact is on the amount someone can borrow (the "debt capacity"). The rating (represented as a letter ranging from A to F) is is calculated based on many factors of which the salary is only one factor.

Hey Fugger, I really like the new Bitbond look but i would find more filter options like this (http://resources.bitbond.com/forums/212642-forum/suggestions/7455358-filter-loan-requests-by-identity-check-type) & this other (http://resources.bitbond.com/forums/212642-forum/suggestions/6043244-improve-filters) even more useful to manage my portfolio.

Any prospect of having them available, soon?

Cool, thank you!


We added the item "add more filters" to our product backlog. It's hard to make a reliable promise when this will be available. Within the next 3 weeks could be realistic.

Our new bitcoin loan from Mexico @ almost 26% interest!
https://www.bitbond.com/buyer/listings/23Z1XK445Z

Check out a new bitcoin investment opportunity from Malaysia @ 16.33% interest.
https://www.bitbond.com/buyer/listings/24NTMH44JC

Earn bitcoins by investing in our new loan from Spain at 18% interest. Check it out:
https://www.bitbond.com/buyer/listings/255TGF44T0

Read our interview about an exciting loan project by Antonio from Brazil.
http://blog.bitbond.com/interview-with-feature-borrower-antonio-from-brazil/
https://www.bitbond.com/buyer/listings/255Y5044T3

A new bitcoin loan investment from South Africa is available. Get 10.29% profit!
https://www.bitbond.com/buyer/listings/264M1V45AN

I did not know of this site. I am relatively new to the investment world, but hope to gain ground here soon. I will look into this site more once I have some free time to check it out.

If you have questions, feel free to post them here or contact us via email ('service' @ 'bitbond.com') or post to our forum http://resources.bitbond.com/forums/212642-forum (http://resources.bitbond.com/forums/212642-forum)

Our bitcoin loan of the week from Canada @ 11.15% interest!
https://www.bitbond.com/buyer/listings/26AGHC45CM

Check out our latest bitcoin loan from Malaysia at 14.53 % interest!
https://www.bitbond.com/buyer/listings/26JNW845GF

Read our new interview with Sam Panwar from India
http://blog.bitbond.com/interview-with-feature-borrower-shimbhu-from-india/
https://www.bitbond.com/en/buyer/listings/281XT346FW

How often does the price get "refreshed" when a loan has the USD as its base currency?

My wife and I own a business in Bangkok and we have applied for a loan but didn't hear anything back other than an auto-reply.  Is there someone processing applications right now?

Just got an answer.  Very slick.  This might be fun and profitable.  :)

Thanks! Yes, we tend to be quicker via our customer support.

Every 6 hours. We pull it from BitcoinAverage and always take the average of the last 24 hours.

You can also find more info here http://blog.bitbond.com/exchange-rate-pegged-loans/ (http://blog.bitbond.com/exchange-rate-pegged-loans/)

Read our interview with feature borrower Scott. It gives interesting insights about his Bitcoin knowledge and the background of his online business.
http://blog.bitbond.com/interview-with-feature-borrower-scott-from-australia/
https://www.bitbond.com/buyer/listings/288ACW46NY

What happens if I borrow ten bitcoins, and then the price shoots up to $1,000 per coin?  Am I sunk?

If you've denominated it in BTC, then I would assume, yes, you are pretty screwed. But as far as I'm aware there's also an option on Bitbond to denominate it in USD so you pay back the USD value. Obviously that also means you lose out if the price of Bitcoin drops and you have the loan denominated in USD, but if you're really susceptible to changes in Bitcoin price that might be worth it.

What the hell , so people borrow Bitcoins but basically the USD value ? if I borrow 1 BTC and the price is not 220$ and tomorow I should give refund and the price is 110$ per BTC , I should give back 2 BTC instead of 1 BTC ? isn't that kind ascrewed up ?
Also what's the difference between this website and BTCjam they look the same (Iguess the rates changes only and also the borrowing method in BTCjam you can choose USD or BTC )

Like I said, there's two denomination values. I don't use Bitbond myself, I just had a quick look and it seems people can choose what "Base Currency" for their loan to be denominated in. Someone who doesn't mind risk probably won't care about denominating their loan in Bitcoin. Someone who knows they have a fair salary and wants to avoid risk can equally opt to have the loan be denominated in USD.

I just signed up and tested it and ... just stuck, probably not a lot of people will be able to borrow because there is that proove of income how someone is supposed to proove his income if he make it online , He screen his Paypal or his Bitcoin wallet or how this works exactly ?
or Online income aren't taken seriously ?

We definitely take online income seriously but it's important to provide a proper documentation of it.

Well said, thank you. You can also find our more here http://blog.bitbond.com/exchange-rate-pegged-loans/ (http://blog.bitbond.com/exchange-rate-pegged-loans/)

Bringing you the latest interview with Featured Borrower Anil, from India. Don't miss it!
https://www.bitbond.com/resources/interview-anils-first-bitbond-loan/

The English / Español choice on the bottom of the pages at
https://blog.bitbond.com/ and http://blog.bitbond.com/

is not properly switching languages.

A blog needs a timestamp for the articles.

E.g. "The Weekly Financial News Digest"
https://www.bitbond.com/resources/the-weekly-financial-news-digest/

- which week is it?

Thank you! We are adding the date on the weekly digest and fix the language selector.

Bitbond is proud to announce its new

Bitcoin Affiliate Program https://www.bitbond.com/affiliate (https://www.bitbond.com/affiliate)

Earn up to 50% commission of our origination fee!

Start earning bitcoins today and help getting small businesses financing.

good news :)
https://www.zapchain.com/a/l/im-founder-of-bitbond-we-let-people-borrow-up-to-10000-with-rates-as-low-as-77-investors-can-/GmSruNx7EM#

thank you  :)

nice fake review there

https://i.imgur.com/IZAborM.png

https://i.imgur.com/xFdxGjr.png

nice try.

That's sad; I'm sure that the website itself is legit but I guess they were trying to boost registrations. Unfortunately, 99% of reviews with a personal picture in them are fake.

To the OP, trying avoiding any deceptions when it comes to your site. Maybe favdesu will remove the rating in the far future.

I know it's common business for many services to show fake reviews to boost it. doesn't mean they're shady.

However, you don't do this in bitcoin. we're way too paranoid to fall for this type of false advertisement

what makes you think this is a fake review? that's a pretty strong accusation. yes, we are using a stock image. we care about the privacy of our users and if they don't want to have a head-shot of them publicized on our homepage we don't do it. however, that doesn't make the review itself fake.

a lot of eBay PowerSellers got a loan through Bitbond. believe it or not, some of them were female and had something positive to say about Bitbond. the fact we don't publicly show information about gender, ethnicity or other factors that could be used to discriminate against is a huge advantage of our platform versus banks. using a stock photo on a review doesn't make the review fake.

have you ever gone through the humiliating process of an in-person loan application at a bank?

I would appreciate it if you removed the trust entry on my profile. nobody of Bitbond has been misleading anyone.

The blog post has been updated to this one https://www.bitbond.com/resources/exchange-rate-pegged-loans/  8) ;D

Looks like someone is investing on Bitbond and documenting the whole thing. Looking forward to it :)  ;D  8) http://peersociallending.com/portfolio/placing-my-first-p2p-bitcoin-loan-on-bitbond-2/

Hi,

I invest on Bitbond.
Waiting for first loan repay. How I understand this site is from Europe.
And google tranlsate can read about founder bitbond http://crowdstreet.de/2013/11/28/bitbond-net/ (http://crowdstreet.de/2013/11/28/bitbond-net/)
http://bitcoin-konferenz.de/portfolio-item/radoslav-albrecht/ (http://bitcoin-konferenz.de/portfolio-item/radoslav-albrecht/)

Hi there Bitbond Community,

i`ve invested about 0.1 BTC on Bitbond on an 6W Loan.
Iam really exicted gettin it paid BAck. This is my first Investment on Bitbond.

I think the rates for the Investors are pretty good and therefore it comes with you if you go high or low. Otherwise, of course its recommended normally to set more smaller Ammounts on differents loans to get it paid back.... Otherwise no risk no Fun :)

What are your experiences with Bintbond guys? Would be my pleasure to hear about - Let me know ;)

regards
lama-hunter

activated AutoInvest with 1 BTC in July 15

now i have 1 defaulted (0.5BTC) and a few which are late 30 days / 90 days.
Some are fully paid and some others seem paying.

now deactivated AutoInvest to see what is happening....


It looks like this system is working but there are some (getting more?) thieves who won't pay you back.

You don't do autoinvest in loans! It's a must that you read backgrounds and examine previous proof of payments. Although still, there's no bulletproof way of making sure the loan always gets repaid. I've had a lot of experience with these forms of investment and no matter how you scrutinize every detail, you'll always get defaults. The best way to minimize losses is investing in smaller increments, with high interests.

Building on the work of The Economist, bitcoinppi.com offers a bank agnostic value of bitcoin. Precisely, BitcoinPPI shows users how many Big Mac hamburgers they can buy with one bitcoin.

The project is open source and naturally allows users to target their bitcoin Purchasing Power locally. You can visit it here http://bitcoinppi.com/ BTC

Good luck to you.

I really don't like these kind of sites to invest mainly because no guaranty that you will get back your money so I only prefer to lend coins only with proper collateral. In some countries people can get easily fake documents and verification process and later they can easily cheat you. So invest carefully on these kind sites.

Hi

Does anyone has bad encounter with BitBond?

How can you make sure you do not have default customers? Do you have identity of the borrower?

Just invested in this loan https://www.bitbond.com/listings/3D75JY85S1

Excited!  ;D

Hopefully this could potentially turn into something. https://www.bitbond.com/listings/3ESZ978A05

Hi I saw this.

https://www.bitbond.com/fixed-income-investments

Has anyone tried?

they'll help you to diversify your losses. how genuine...

I do not understand. You invest in business or individuals? If it is the former, I may be more inclined to do so...

We're offering cashback offers for lenders for the rest of the September. These are:

Currently registered and unregistered lenders:

• Invest $200 or more to receive $20 cashback
• Invest $500 or more to receive $50 cashback
• Invest $2,000 or more to receive $200 cashback

This offer is valid on all successful investments (the loan must get funded) from now (16th of September) until the 30th of September. If you place a bid in that time, but the loan gets funded in October it will still count towards your cashback.

You will receive your cashback into your Bitbond account by the 14th of October.

Thanks for reading and have a great day.

Chasback??? Short of fund?  ::) ::) ::)

Can you explain more about the methods of investing in businesses through Bitbond?

Sure. Small business owners from around the world can rarely get the financing they need to grow their business. A successful eBay seller in Brazil for example, will find it nearly impossible to prove his creditworthiness to his bank. As a result there is a nearly $2 trillion (!!) funding gap for small businesses around the world.

On Bitbond we provide a way for entrepreneurs to apply for a loan to help grow their business. Investors can help fund these loans in order to receive principal plus interest back. The minimum investment is 0.01 bitcoin, giving you a great opportunity to diversify your investments and spread risk.

Investors looking to passively invest, can take advantage of our AutoInvest feature. This will automatically invest into loans which fit strict parameters defined by you.

We have quite an active youtube channel where we go into investing on bitbond in quite some detail. I hope and recommend you check it out ;)

In the loan listings, is there a way to distinguish between business owners and individuals?

Bitbond

Can you assure this doesnt happen

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

Is there a form of insurance for us? Think abt it - fees are paid to you to lenders risk.

And you guys do not reply after so many days.

you can't expect them to come here and admit that their service is broken by concept? anyone with minimum intelligence sees through this bullshit

Paypal has Charge Backs and how do you handle the price fluctuations  and differences of bitcoin every minute or seconds? and what guarantee you can get your money back or at least the principle?

So whats the consensus on this site? Any success/disaster stories as of recently?
What about competitors that do it better?

You have just add video identification service on your platform for borrower when is it accesble what I mean the time your staff will be srrounf to access the person

p2p loans are revolutionary. It offers a major power shift to the people. Now we just need to tighten up on verification methods of the borrowers

invested 1 BTC 2 years ago and all i got back was about 0,02 BTC . the rest of interest is defaulted. Bitbond says they try to get the BTC back but nothing happens. Every now and then i get 0,001 BTC (wow).

The lending at poloniex is much safer.

I visited only today their website and wanted to invest by lending... and after i thought.. why not google it maybe i found a post on bitcointalk...
Thanks god i saw your post last.. thanks for your share and sad for your loss....
I hope they give you back... i know how it feels i lost almost all in gox....i still wait for the creditors meeting this march...

I won't encourage anyone to use any of these peer to peer lending services, the lenders are the ones suffering for giving out your BTC, just go to BTCjam.com and see the default rate, very high. I have not recovered some of my BTC on BTCjam, I was told they are going to sue the defaulter but over eight months now, I have not heard anything from the team. I would agree lending on Poloniex is far safer than this P2P services.

bitbond service same in btcjam
if iam lending my bitcoin, founder/dev can guaranted my bitcoin save or not
example bitbond member can't pay this loan in my lending, founder can replace my bitcoin or bot

what is requirement loan in bitbond must use collateral or not

I am a fan of P2P loans so after being a member of other platforms, I joined Bitbond just because it only uses Bitcoin.

Started with 0.01 BTC and lets am planning on reinvesting my earnings for some years.

Someone else with new registration problems? :-[

Why you ask? are you interesting loosing money or something? we read many information that should keep us away from doing anything more.
Better to keep your coins ! you will have the best % over time !

for poloniex, does any identity verification  documents required ?
thx

Hello.  :)

Can one aspire to a loan in Bitbond, having a company in Venezuela?

I know that Venezuela is a country with a very tough economic and political crisis.

But precisely these conditions are what create very interesting business opportunities.

Selling services online to other countries for example. Selling in bitcoins and paying the expenses in bolivares (which is very cheap).

So, can one aspire to a loan?

 ???

The SMS verification code doesnt arrive, and support does nothing for 3 weeks.. Amazing...
What do they wanna do, keep my change thats left in there?

Does the video verification actually require a passport and you cant use a state issued ID? Whats the point of that? Not to mention Ive tried to do the video verification and no operatives come online. Maybe its due to it being a US fed holiday but it looks like the company isnt based in the US

Page is working great for my i also got some refferals there....
but since a few weeks there are no Bitcoin investments open only € and $



kind regards

Bitbond partners with solarisBank for Germany’s first Security Token Offering: https://www.publish0x.com/bitbond-sto/bitbond-partners-with-solarisbank-for-germanys-first-security-token-offering-xoqwn

We have some big news to share! We launched the

Bitbond STO Bounty Program (https://bitcointalk.org/index.php?topic=5140584.0)

that so many of you were asking for. Head over here https://bitcointalk.org/index.php?topic=5140584.0 (https://bitcointalk.org/index.php?topic=5140584.0) to learn all the details of how you can earn the most innovative token of 2019!

https://media.giphy.com/media/ADgfsbHcS62Jy/giphy.gif

Do you have plans to issue another token e.g BB2?

Hey hey,

Did you check the Telegram group for Bounty Hunters for the Bitbond STO?
It is worth spending some time there to see all the answers that are being answered everyday: https://web.telegram.org/#/im?p=@BitbondSTObounty

So the interest payments + the profit participation will be paied in stellar lumens. Is this correct?

Hey! Here's a great article about the BB1 token being tradable:

https://www.crowdfundinsider.com/2019/04/146515-bitbonds-security-token-bb1-will-be-immediately-tradable-upon-issuance/

I personally found it a very interesting couple of minutes read.

Big fan of P2P lending services in general and especially nice to see one leveraging Blockchain technology to get ahead of the pack! Kudos

Check this great article about Bitbond mentioned in Forbes:

https://www.forbes.com/sites/darrynpollock/2019/05/15/major-banks-buy-into-blockchain-based-trade-finance-allowing-smes-to-profit/#47ebdc0352c8

Check out this KYC chain newsletter, including an interview with the General Counselor at Bitbond: Henning Franken

http://balboai.eomail3.com/web-version?lc=45470a0e-3f51-11e9-a3c9-06b79b628af2&p=c8486331-7833-11e9-9307-06b4694bee2a&pt=campaign&t=1558344947&s=4fcfbb1f87f85e640014328ccd13da841dfd5919a1479d0fc9f1a5d84a7e0d85

I just knew this project was built since 2013, and why you just launched token sale on this year? What happened in 6 years ago?

Thanks a lot for your question!

During the last 6 years, Bitbond has worked hard establishing itself as one of the main players in the industry of SME lending.

Some numbers:
- funded in 2013
- 13 million of € disbursed
- 3K loans funded
- 2K unique SME supported
- 86 countries involved

Not enough?
- We have a talented team of 26 people from 13 countries.
- Our automatic credit score system is now able to get decisions in few hours thanks to a proprietary machine learning model.
- We are collaborating with the biggest African ecommerce marketplace.
- This has only been possible through an intensive number of partnerships (Stellar, Stripe, SolarisBank to name a few...)

Last point, we are launching our STO (Security Token Offering) in 2019  because now the industry is ready and mature, especially from a technological point of view.
As a reminder:
- 2017 --> the crypto bubble
- 2018 --> the rise of ICOs
- 2019 --> tokenized assets

Hope this clarifies  :)

Check out this new article where Bitbond's CEO talks about STOs, ICOs and Crypto Mass Adoption. It is worth the read!

https://www.cryptoglobe.com/latest/2019/05/bitbond-ceo-radoslav-albrecht-talks-stos-icos-and-crypto-mass-adoption/

Hi! For loan procedures and questions, you can get in touch with us sending an email here: service@bitbond.com
If you completed the loan application, one of our account managers will get in touch with you shortly.

Do you want to know more about platform and product? Do not hesitate to ask any question in this thread or move out to other channels that the Bitbond team is managing, like Telegram, for example.

Yes and now I realize that you have had a long time to work. Hope you have documents about you guys, I am really curious about you guys.

Thank you for your support! If you feel curious about the P2P lending platform, you can visit our website https://bitbond.com
And also, if you want to be aware of the Security Token Offering (STO) that we launched on the last March, feel free to learn about it in here, as well: https://bitbondsto.com

Hope this information helps you to get a better perspective of what are we trying to achieve as a company   8)

I am looking to learn more about project , thanks for your sharing.

If you need more information, check the sites I wrote down in the previous comment or drop us a message on invest@bitbondsto.com

Don't miss this read if you want to understand how crypto regulations work in Europe:

https://decrypt.co/7314/why-germany-holds-the-key-to-crypto-regulation-in-europe

4 percent interest annually is a low amount as compared to banks. And buyback also takes place only after a long 10 years. Most importantly, BB1 token is stable as you have said. It means price of this coin will not exceed the face price of Euro 1 despite there is high demands for tokens. If you increase your annual interest rate, you can attract investors or if you let BB1 tokens fluctuate in price according to market demand, it would be better. You have any of these plan?

Hi! Thanks for expressing your concerns. Regarding the price of the issued BB1 tokens: is not a stable coin. Its price will be formed via supply and demand. However, if the market is somewhat rational, then the price should always be a little bit above 1 EUR, otherwise there will be an arbitrage opportunity, of course. The 4% annual fixed coupon is outlined in our prospectus and therefore cannot be changed. What can change though, is our variable coupon which will depend on the performance of the underlying assets, i.e. business loans provided by the company Bitbond GmbH.

Hope this helps to make your understanding of how the STO works, better. Feel free to email us if you need some more advice or guidance, as well.

 


Thank you so much for this information. It means if the market is rational, price of BB1 will not go down beyond Euro 1, and if there is high demand, its price will go up limitlessly? I am asking this question just because I find your project very much promising and thinking about investing in it. I have found this project has attracted many investors so far.

Hi again, regarding this topic:

1. it can't go up limitlessly (it could but that situation would be higlhy irrational)
2. looking at the economics of the token and that's it's being paid fixed 1% per quarter, the price could not go up a lot

UPDATE:

We are delighted to have more than 600 Hunters who joined the fast-growing Bounty community of Bitbond STO. Thanks to all amazing campaign contributions, Bitbond STO has reached 2.1 Million Euros as updated on the platform today. To facilitate the success of our current and upcoming Bounty participants, the new minimum goal to activate program rewards is set to 2.5 Million Euros.

So let's make this a highly rewarding success together and keep up with the great engagement in our 5 Bounty activities!

Do you want to learn more about the update?
Check the Telegram channels about the Bounty Program - it is in English: https://web.telegram.org/#/im?p=@BitbondSTObounty

Want a loan? Listen to this  8)

This is the opening line for this podcast in which Craig (Trader Cobb) and Bitbond's CEO and founder, Radko Albrecht, talk about trading, blockchain technology, and about how Bitbond allows you to make loans from your crypto.

https://tradercobb.com/free-subscription/

Here is the video speech of Bitbond's CEO and founder, Radko Albrecht speaking at the NOAH Conference in Berlin a couple of days ago:

https://www.youtube.com/watch?v=Jbu3CQUWnOc

Want to find out more about Bitbond?

Check out this short interview with the CEO: https://www.disruptordaily.com/blockchain-lending-use-case-bitbond/

I hope someone here can help answer a question regarding the bond and its  ten year time period. Iam unsure how this works with Bitbond token buying and selling.
When I invest money Bitbond will give me BB1 tokens or are these tokens  held by Bitbond (on the affiliate account and website) for the 10 years and bought back.  I realize coupon payments will be made quarterly and an annual dividend payment. I am unclear how the holding and trading of BB1 tokens works if there is a ten year  bond structure representing a real world bond asset.  It would be easy for Bitbond to "time stamp or snapshot" the affiliate accounts at a certain time each quarter for BB1 coupon payouts (Binance and Kucoin do this daily for dividend payouts based on token volume traded). My thanks for help understanding.

Bitbond looks like a STO with lots of potential.  A second question I have is after the STO ends. Will people be able to buy more BB1token from Bitbond directly. I would like to buy a little BB1(a few hundred Euros) with each pay cheque. After the STO will I have to buy tokens from an exchange or will I still be able to buy directly from Bitbond? Thanks for any help answering this qustion.

Here is a good blog article about income investing including crypto peer to peer lending. 

https://icochat.wordpress.com/2019/07/07/cryptocurrency-and-income-investing/ 

Gibraltar Stock Exchange And Bitbond Aiming to Cooperate to Drive Growth

Gibraltar Stock Exchange (GSX), regulated and active securities exchange over the last few months have turned its attention to digital securities through blockchain and is planning to build a strategic partnership with Bitbond, the first global business lending platform and also the Germany’s first security token.

https://stoupdates.com/gibraltar-stock-exchange-and-bitbond-aiming-to-cooperate-to-drive-growth/


https://pbs.twimg.com/card_img/1148124382507651072/dHDffS4O?format=jpg&name=600x314

Hello I want to get an loan at bitbond
but for some reason they refuse my application
How can i get an loan
anyone can look at my account?
Please anyone help me.
I got refused 9months before they told me to apply after 6 months
now im applying again but no sign of them.
anyone would help me to get an loan.
Please feel free to pm

Hi! I am sorry for the late response. Can you please get in touch with service@bitbond.com? We will make sure that someone takes care of your application.
And if you can provide your name or email, that would be great so we can look for it faster.

Thank you!

On June 15, CEO of Bitbond Radko Albrecht will speak at TechDays2020, talk about the benefits of tokenization
https://www.eventbrite.de/e/tech-days-2020-online-edition-tickets-98173227767

After some years, I took a look back at Bitbond to see if they are still around.
Apparently they are no longer in the crypto lending business, instead they offer a blockchain tokenization and custody service.