Bitcoin Forum

I saw btcjam but i assume there must be more.

WHich website is best and most secure and which one do you guys use?

I want to enter one of them but suely i wont enter if loads of newbies post its great ;)

I want to hear some real voices + reasons of the choose

Okay, I'm a newbie. So I'd take no offense if you didn't listen to me.  :D

But BTCJam was discussed here, maybe you'd like to take a look at it. One guy confirmed to be profitable.
https://bitcointalk.org/index.php?topic=499995.0

And here.
https://bitcointalk.org/index.php?topic=651639.0

They seem to have had issues last September though.
https://bitcointalk.org/index.php?topic=802844.0

I'm also planning to invest there if I had the funds. I know about two other lending sites, BTCLendingClub and BitBond.
But I haven't seen a lot about them around the forum. A lot of people say that BTCJam is the most trusted and well-known.
The "well-known" part I can agree with, but I can't confirm its trustworthiness since I haven't used it personally.

Good luck. :)

thanx looks solid.
so BTCLendingClub and BitBond dont seem good spots to enter then

I would personally say btcjam. It's all about who you're sending it to and how much information. If you wanted to find out more about the person you're lending to, you could use their contact information and interview them as well as look at their past funding if they owe anyone or defaulted.

I wouldn't say that they're bad, just that BTCJam is generally better.

Bitbond looks kind of promising though. The owner was interviewed here.
http://p2plendingexpert.com/qa-with-radoslav-albrecht-of-bitbond/

They also have a support account on the forum.
https://bitcointalk.org/index.php?topic=901412.0

And it was partially discussed here. The OP never confirmed if he tried the site.
https://bitcointalk.org/index.php?topic=901412.0

https://btcpop.co/ is a new one thats being worked on  ;D

May be BTC jam is the largest out there ;D

yup, largest haven for scammers. I would rather look for another form of investments rather than these loaning sites..

like btcjam?? can loan too at btcpop??

What would you suggest? I've been hearing good things about investing in gambling sites. After all, the house always wins.

Posted From bitcointalk.org Android App

so https://btcjam.com/?r=5d07866a-70f1-43ee-b311-3c2e428f6620&utm_source=referral_url&utm_campaign=user_referral is the best at this point.
they seem to have referal spot too but not sure how it works

There is a lending board in this forum as well.  :)

Prosper.com, but they don't offer BTC yet.

This is probably one of the better lending sites for lenders (which results in better chances for a borrower's loan getting funded). Prosper will sell the lenders a pass-though note which means they do not directly own the debt of the borrower and that prosper can collect the entire loan from the borrower verses individual lenders trying to collect small amounts from borrowers (which is not cost efficient).

If you are looking for the best place to run some kind of loan scam then btcjam is by far the best place

OP is looking to give loans, not take loans.  ;D

www.btcpop.co is a new P2P lending site.

It was built out of frustration with the lack of choices with the other sites, and the lack of willingness by them to deal with the amount of scam listings. There will soon be a forum to run along side it which is in great contrast to btcJam who block the words Facebook, Google from comments and can censor your comments if you discus loans outside of the platform  !!!!

There are some great features in it like being able to flag loans up as potential scams, being able to cancel your investments and Insurance, should a borrower not pay out as well as "Trusted Borrowers" and the saftey of being able to invest in loans that can not be withdrawn from the site.

It is still in test mode and will be for another week or so, but there are live loans on there and live investors. ฿30 has been repaid, ฿34 lent out in active loans and ฿28 currently funding.

There will be some exciting stuff happening there over the next few months too ;)

As I say, it is still in development but full launch is expected some time early next week.

BTCJam insofar as what it does is legit, but be warned, there are far more scammers listing projects on that site than there are legitimate ones.

I like bitlendingclub, but I dont know if they have added option to loan in bitstampUSD (or other usd) yet. Which in current market condition seems to be a must...

I lost 5 BTC in BTCJam back in 2013...the support didn't really give a f*ck abou it...they don't care much if someone will scam you...So i would avoid the lending websites...mostly the users are paying back until they don't...so it is kind of ponzi schemers there

Its a game of numbers. They are not a ponzi, they are venture backed Sil Valley IT company trying to do something innovative that is expanding the btc ecosystem.
Sheesh whats with the haters here...

You have to realize the risks. When 100pple, fund with 1$ some1 from vietnam and they surprisingly disappear no1 is going to go after them probably. Same would be true for some Latin America nations...
Lost 5BTC? Their default rate is ~4%, did you bet on 1 loan only?
If VC firms invested like this they would all be broke.


Two main ideas:

Lend to pple in countries that have working infrastructure or with many recommendations
Lend very small amounts to many loans.

A lot of them issues are addressed on Pop.

Those who use Jam will recognize a lot of the big investors :)

The facebook group is here -> https://www.facebook.com/groups/394911060685164/

Jam is risky. Try to follow the big lenders - see which names pop up a lot - and try to only fund people that survive proper questioning. Don't fund anything with a rate above 8% (MAX) and even then only if the borrower has a long history/plan.

Definitely support btcpop.co as a new alternative! I'll be slowly moving more funds there from jam to invest.

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

How much did you invest? And how was your experience there so far?

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

Is this true that 70% of the loans are scams? What about the countermeasures that the site is employing?

Well I'm not talking hard stats here. Just spend some time as an investor over there and you'll see there's a huge split between people who come in and are scammed easily and a small core community that invests mostly with each other or very trusted members.

Countermeasures are net-arbs. Which is basically useless.

I've used BTCJam and it has been working out so far for me. Just make sure the person you invest in is very trustworthy and has made payments before.

70% scam?

Who is bigger risk of being scammed, the loaner or the guy that asks for the loan?

BTCjam is the most know as far as I know and also they have a thread here so if you have any issues or questions just post on their thread , I don't think there is other websites simillar , still you can take or give loans here on Bitcointalk forums => Section "Lending" ;)

~ Madness.

The lender.

What do u mean jam scam?

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

But can you be a lender without giving ID shit? It kinda defeats the point of bitcoin when you need to give your damn ID.

from my experience BTCJam is full of scammers. Still the best place to loan/get loans. Just keep both eyes open

Em no, a defaulted loan means everyone gets the ID. They can then choose to chase up the money IRL using the details via arbitration. BTCJam does nothing on behalf of the lenders beyond this.

You can lend without ID yes. Only borrowers need to confirm it.

Well , that's not so intelligent if you ask me , is it ?
I mean someone can simply Photoshop and make a fake ID then scam people , and lenders won't get refunded and even if he scammed using his Real ID , I would really like to know what's going to happen. If it's outside the US or UK or wherever BTCJam is , what they going to do about it exactly , call the Interpol ? 

Btcpop.co is the only P2P site that works against scammers.

There is a very active support system (Live support, phone number, Active Facebook group and their own forums coming online in a few days time).

They have tools like if you think a listing is a scammer, you can raise an alert and anyone else that tries to invest in that listing will be given a warning.

You can also cancel your listing and they offer insurance on listings too.

If you don't want to run the risk of investing in a scam, they have pool investments. You place your BTC in one of four pools (or spread) and every time a borrow pays back a loan out of the pool, you get a share of the interest based on how much of the pool you are funding :)

You can withdraw your funds out of the pool at any time and it's zero risk (works like a bank account).

From an document side, they request slightly more id than Jam do. They are also building in a process where ID needs to be checked by 3 members of a team for forgery and fakes.

You will find a lot of investors are moving to btcpop.co now from Jam.

Pop has just overtaken bitbond in to third place for p2p lending. There are not a huge amount of listings at around 30, but thats not too bad for a site that has not advertised yet !!!

New investors to the platform are advised to invest in to funds that are locked in to pop "meaning the borrower can not withdraw them", also for users with Trusted Member status.

I personally got really fed up with the lack of support from Jam (no response to emails when there is a major problem) and that they would not do anything to curb the high number of scammers on their site. I got so fed up I built btcpop.co ;)

Hi,
I'm the CEO of BitLendingClub, we're the second largest lending marketplace in the Bitcoin ecosystem. Our platform handles about 35% of the entire lending volume in the Bitcoin ecosystem. We're part of Boost VC's accelerator program (Adam Draper runs it), we have a dedicated team of engineers and support that address customer requests quickly. Our default rate is lower than BTCJam's: we're currently at about 7.2% vs Jam's 10% (they're quoting that number).

There are a number of features which make BitLendingClub a lot better than BTCJam:

• We only take our fee from the repayments, so we don't make money from defaults.
• The lenders set the interest rate by bidding to invest in the loan. The bids with lowest interest rates get to fund the loan.
• Our interface is significantly more user friendly.
• We don't censor people and we allow extensive discussions in the comment sections and in our forum: http://forum.bitlendingclub.com

Please feel free to visit us: https://bitlendingclub.com (https://bitlendingclub.com)

Best Regards,
Kiril Gantchev
CEO of BitLendingClub
Twitter: @kgantchev

Connect with us:
Twitter: @BitLendingClub
Facebook: https://www.facebook.com/bitlendingclub
Google+: https://plus.google.com/+BitLendingClub

Well if you want loans then its best to have a solid reason for the loan. Else, its highly probably that the loan won't be paid back.

BTC jam has MAJOR issues. I would recommend not loaning out there. High risk of scams. A majority of loans do not get paid back.

I guess bitcointalk.org, here should be one of your higher choices.

Although it's quite risky since everyone's anonymous, but the return is much higher than btcjam and the loan term is usually less than 2 weeks, as opposed to btcjam.

But be careful giving out loans only to trusted members.

Insured Loans & Auto investment tools

seems legit ...

Reads like an automatic money machine.
Would not invest there.


and btcjam:
invested 5 times.
get 3 times early back with small profit.
1 back in time with also small profit.
and today 1 C-Rating got overdue.
he has everything verified except Credit Card and Income.
Hundred of FB-Friends. Thousand of Twitter Follower.

i'm not saying he is a scamer. maybe just personal problems.
but make no difference. the loss would kill every profit i got before.

Oh how I wish it was !!!! Instead it is hard work, 15 hour days and hair loss lol

My background is from within the insurance industry (Mainly dealing with fraud cases so well equipped ;)  )

The insurance is at a set rate depending on the borrowers credit rating, anywhere between 10 & 100 % at the moment, however it will adjust depending on the levels held in reserve.

Auto investment tools are currently being built. It is up to the user if they use them or not.

They will allow investors to have set rules that the bots can use, ie "Invest 0.01 in any user with A rating loan less than 30 days" or "Invest x amount in User Y)"  They will be totally in the users control, and will report back profit and loss for each rule :)

We are also working on P2P buying and selling of Bitcoin from within the site !!!!

Take a look at the site if you haven't done already :)

Feel free to ask me any questions too (best to get me via the FB group or email as I don't check back here often) :)

i can tell btcjam does nothing when u get scammed.

they send u documents that u have to use [and pay to use] with lawyers to get money out.

btcjam is a joke.

Just because you can't invest for shit doesn't make it a scam. They clearly explain the process and everything when you sign up.

Arbitration is not a complicated process. Yes, you should pay to get YOUR money back.

Why should BTCJam fork out money for your decision to invest in C/D/E- Rated users who told you they would pay you back ten fold immediately if you simply loan them some quick emergency cash for their sick pet Flamingo.

I doubt that exchanges borrow bitcoin and short the market to make profit, do not support those manipulations

I used to use BTCjam but definitely got scammed but still ended up in four months with a bit more than I started off with (probably 0.015 BTC) so was okay about it and covered my losses. (Started with 0.0426 BTC). Left because I couldn't be bothered to chase up defaulted loans.

Went to BitLendingClub and decided that this is better as I can choose the interest rate I would like to pay and it's going well, covered any defaulted loans and BLC has enough information to contact defaulters so I can maybe see whats going on. I put in my BTCJam funds in and added a bit more so I'm trading with only 0.35 BTC so I don't care if I lose it all. Made 0.06 BTC including defaulted loans in around three months and still using it. If you don't include it, it's more around 0.13 BTC.

I would (barely) recommend BitLendingClub just because the lender is in more control and I personally think the layout is more 'professional'. Just bear in mind I don't put any time into it (Maybe 15 minutes a day) and when picking loans have a quick look on FB profiles, loans and certain patterns and trends in scammer's loans.

The main issue for any platform is that no platform can recover defaulted loans for you, you have to actively search out for scammers and hopefully work with them. Some people do have legitimate reasons whereas you have to make sure you don't get scammed.

I guarantee most people will put more time into it and I can't dictate which is better for you, just my personal opinions. I quite like to spread my capital a lot (0.35 to 10 loans or 5 loans for example) to reduce the amount I actually lose in the long run. If you need any advice, pick an interest rate that is good for you (10% minimum seems reasonable to some so I charge it). If people are saying they can't pay it, I just won't invest, it's that simple and I won't make a fuss.
.
*I'm not being paid so I can say whatever I bloody want (I'm British)  ;) *

This is true, people need really to read the terms and agreements before investing.

I have been using bit lending club.  No defaulted loans so far.  10 loans paid back. 

What kind of loan you are talking about? I am not aware about such loan scheme.
Can you please put some information about it. Thanks in advance.

Okay, so after a few weeks at BTCPop I have to say the following.
The support does something I had not expected.
Something that's so unbelievable, so incredible ..

He replies!
And fast! And practically any time of day! It's amazing! Friendly and competent.
I did not even know that something like this is possible :D
Like it very much.

The borrowing and lending works great so far. No scammers.
The site still has a few bugs, some links lead to 404 Nirvana and the layout is a bit weird, but you can see that is being worked on.

The admins are active in the forum. Answers to questions quickly.
A big plus.

And the "pools" are absolutely cool idea.
Add and remove immediately. lovely.

Recommendation for BTCPop! (Ref (https://btcpop.co?ref=1160)|NoRef (https://btcpop.co))

To BTCJam on the other hand, I should prefer not to comment.
There is nothing good I could say at the moment.

Btcpop works with an international collections agency to make a recovery....

If the payment is 21 days over due, it gets passed to them. 31 days overdue, you will get offered an insurance payout (the amount is set in the listing as it's being funded).

If collection is successful, the recovery less costs (which we also try to recover from the borrower) are passed to the investor.

It's still a new process and our first batch is due to go out to the recoveries agency this week :D

I been on all the three main sites and POP has come on a long way as I watched them from nearly the start, although now they are reaching new levels a lot of the regular investors on JAM are now on POP.

The rate on the btcjam site is really strange:

They give you 19.3 % return for borrowing your money, while lend your money to others for 6.7% income. So for each bitcoin they lose 12.6% per year, how is this business profitable? The only way to make profit is to short the market with borrowed coins and buy back the coins at a price that is 12.6% lower of the current price

And since we all know that shorting the bitcoin is a sure way to die long term wise, sooner or later they will go belly up

I use both BTCjam and BitLendingClub and they each have their strengths and weaknesses, but overall, I do much better on BitLendingClub. There are scammers on both sites, so you need to be careful and do some research before investing. Overall though, I like BitLendingClub best.

What measure you have in place to go after scammer and deadbeat?

We can't go after defaults for a variety of reasons:

• It's geographically impossible, since we operate in over 70 countries (and counting).
• Collecting on defaults is extremely expensive, again, because we're in 70 different countries.
• The regulatory compliance necessary to begin collection in each country is too complicated (we can't afford to get the necessary licenses yet).
• Collection is extremely time consuming, so it takes a long time to recover even a portion of the money.

Ultimately, what we've focused on is prevention, rather than collection. Our efforts have paid off quite well too, you can take a look at our statistics page for more details: https://bitlendingclub.com/stats

We released new underwriting rules in the beginning of March and it's already had an amazing impact: we've brought down the default rate by over 50% (from 16.97% to 7.9%)!
https://i.imgur.com/kHxm9iX.png

It's quite reasonable to suggest that 2 months is not sufficient to determine the default rate, but please note that we count late loans as default. So 100% of the loans reach maturity within 30 days: the average loan term is 30 days and the maximum payment frequency is 30 days.

I use BTCjam for a year, and it work for me very well...
I have great return on my investment, and no one scam me (so far)

i signed up on BTCjam not long ago but was disappointed when i found out they didn't have too many people asking for a loan (only 100). So options are limited, especially if you'd like to diversify. I'm going to check out Bitlendingclub next.

BLC has near 130 loans, and Btcpop near 30, all the platforms are young, but growing, it's better to register on all the sites, this to see cross paltforms borrowers asking loans to see how much is the total exposure to better understand if it is the case to invest in someone or not.....

Well, their duty should be that no one gets way with the scam, just like no one usually gets away with scamming fiat. We need to give security to people, and guaranteeing their loans will get paid back, othewise they will not bother with BTC and keep offering fiat loans.

most of the people are claiming that its easier to default a loan there, and have no repercussions of doing this again.

thats not a good sign to any investor. If the majority have been dealing with this its usually not a good sign, despite you being lucky.

Its better to just build rep here, or request a feasbile amount and paying back the loans.

Most of those sites have no punishments for scams. Like wanting 100 btc for a "xyz" project.

You are lucky! I got into it (don't even know when, over a year ago) and I was scammed on the first occasion. Bye-bye future investments.


Exactly. The reason banks give loans is because they can be sure that you pay back. With bitcoin and no payback enforcement, I take a risk every time I would give a loan. I'd rather give a loan to a respected member of a forum or make an investment in a project that actually has some potential.

why the argument is stuck on btcjam only, there alternatives, plenty of them, like bitbond, bitlendingclub, bkiva.org ecc...

i doubt they are all scammers

yes, and as i said before, if you want to be an investor, it's better to register in more platoforms, to search for borrowers info and werify cross-infos from all the site to better understand every borrower situation, because, the same borrower ofthen is registered on more than one platform, and with active parallel loans, so understanding the total expoure in debts of one borrower is important to decide to give him more money or not.

Sorry, I'm not trying to judge the site. BTCjam seems pretty legit and they do nice business. It's the users who can be scamming without control and enforcement of paying back.

Although, thanks for naming a few other sites, I'm looking into them as I'm writing this.

Btcjam is leading this industry with the most loan being provided and thus it is not the platform that are the scammers but rather individual in this case. It is easy to fake a verification data in every lending website, if you search on google you can see alot of ID that are free to grab, combine it with a good editting skill then you will get yourself a fake ID.

Whats left is building trust, most "top" scammers are building trust by loaning a small amount and make their way to top tier, it will be then easier for them to loan a bigger amount and therefore attempted to scam at the sum of over 10 BTC


Indeed right, the sole fault is in the user and not the platform

I don't know btcjam, as i'm not registered there, (is one of the thing i have to do in the next days....) but on btcpop and bitlendigclub, when they verify the borrowres identity, thei ask for a photo with the document id near your face.... I think that this is much more difficult to fake....

But also on this two sites, defaulted borrowers are present.....

they should start to add video verification, and not only photo, something like this can't be faked ever

anyway my problem is that i can't find someone that ask for a small loan, they all ask for 0.5+

where ? On Btcpop and BitlendingClub, you can invest only a portion of the total ammount of the loan and partecipate with other investor to finance the loan....

For example i don't put more than 10% of the total loan ammount on a single investment... and max 0.1 btc if the loan it's big big big.... i have 20 / 30 loans financed contemporary to minimize the default ammount using only smal fractions of btc, a little more work to choice the loans but worth it....

btcjam got the same verification as well . Indeed it is difficult but it is not impossible, nowadays it is easy to fake such things especially if you have some skill in editting or another thing is to submit a blurry identification though it has a low chance to be accepted but it is not impossible to do so


AFAIK you can provide a minimum of 1 satoshi loan in btcjam. The main point about this lending platform is that multiple people could work together to provide a loan to someone. Therefore the risk for it is split among the lender as well as the interest for the loan.
This enable you to split up your "investment" to several loan and minimize your risk therefore if someone defaulted the loan, you are not suffering from providing 100 % of it.

ah that's good, didn't know that it work in that way, i might give it a shot then

still this https://bitcointalk.org/index.php?topic=128157.msg11532839#msg11532839 (last post) is not reassuring

It's probably BTCjam without any other competitive on the field because this website make sure of security [ ID Verifications , Bank Accounts Verifications , Paypal ] and a lot more of informations which makes it really hard to scam people and pretty good . also there is a RATING system to know if the guy you are loaning already gave back what he loaned etc ... pretty good system .
Or you can simply give loans here on bitcointalk but you have probably a high risk of getting scammed if you don't deal with highly trusted members with some "green color" ;D

While it is true that I can split up my investment among multiple loans, my ultimate goal is to make profit that is a % on top of what I have given to someone. In case, say 3 out of 10 do not repay my loan and the remaining 7 do, in the best case scenario I will have the same amount of coins than what I began with. Hence, what is the point of investing? Had I left my coins in my wallet, I would be at the same point without the risk of losing.

This risk is unfortunately in every investment business, however in this case it is more expressed. I can only see that my money will be used to "buy more hardware for mining" or similar, but I am often not given additional details and expected profit. Some borrowers do, which indicates they are more serious, whereas others give only vague description of what they do with the money.

I agree, a video would be ideal.
Don't you have 0.5+? You've been here for a while. If they give it back + interest, whats the problem? I would do it, if I could trust the system, but I don't. I know that in the deep web they sell stolen IDs and whatnot, so I cant fully risk it.
So yeah in this case, I could probably risk 0.1, but not 0.5+.

it's not the amount, it's the trust of those members that are requesting the loan that is concerning me, apparently even A+ users, there, can default on loan, there is a report from a guy on this subject

pretty sad to see this to be honest

Unfortunately I had to agree with it , atleast I had not stated that it is risk-free but it could minimize your risk , these are two different term though. Basically people loves to get more than what he/she has currently thus it cant be avoided that people love to lend to get interest and those who own the lending platform is the only risk-less in this case.
Well, it is not hard to identify a potential scammer on lending platform as scammer tend to not verify their data because it will be bad for them if their data were to be exposed to the lender though

P.S : However keeping your stash of coins isnt considered risk-free as well as the value of it may drop

If BTCJam does nothing to try to catch the people that don't pay, then whats the point of BTCJam? It should act as an agent that guarantees those that request a loan pay the loan, and if they don't, the minimum they could do is give your money back (even tho in the banking world, if you don't pay, you have to pay even more to the person that gave you money).

It stands as a lending platform, where people could go and ask for loan or provide a loan for someone else and get interest from it. They dont try to find the scammers who defaulted on the loan but rather they will provide you with the data that they have on those who defaulted the loan ( it is call as arbitration award ) you, yourself as well with/and/or the other lender will need to pursue the scammers by yourself at your own will.

It will be great if the person resides at the same country as you but it is too much hassle if it isnt because you could spend more than what you loaned him if he resides at the another side of the world , that is why most people just tend to let it go rather than pursuing the scammer

I think they did have a scheme where they would insure some (perhaps all?) of the money one would lend out to third parties. Unfortunately, this was after I personally got scammed so I didn't get anything. Also, I am not sure if this is actually true or how it works and whether or not its still running.

many people who say that btcjam is a scam. I saw in the service section, it is better not to invest there. or you might try bitlender, it is similar to btcjam, perhaps could have been better

BTCjam is the safest, if you would call these things safe. I wouldnt even invest there, but that is just me :D

I think Only btcjam can give you more safe about your money or bitcoins. . and btc is an old legit website that you can load pr lend..
And there's no other site that can give a same benifits from btcjam..

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 think this forum also good for give out loans. I mean on Lending section you can take a loan and you only need a collateral or no collateral if you are trustable.

Well the thing is even the trustability of someone can be called into question, because I've heard there's a scam on BTCJam where people build up trust by taking out smaller loans then default on a large one later on.

Collateral is definitely a must.

btcjam is one of popular bitcoin website give out loans and i think is no one site safe more than btcjam for invest or borrow.

In my opinion BtcJam is quite dead no more than 5 / 10 listing founding.... there are better places....

I heard btcjam was 50/50. Some people had a good experience I guess until some scammers used it for their ponzi stuff.

Then again, I dont take chances when I hear the same story from lots of people.

I feel so sad when hearing bitcoin realted to be used as ponzi scheme operation.
Makes bitcoin imagery looks terrible thing online, I heard too about btcjam recently used by some people to run their dirty business it's make completely bad for bitcoin. Nowadays hard to find a good source to give out / in loan, I prefer to trust loan activity in this forum based on trust and reputation.

You should ignore it. Do I get sad when a ponzi scheme where billions of fiat money is stolen from innocent people? Not for fiat, but for the people it's a shitty situation. So you should also feel not sad for Bitcoin. Scammers operate on any market level whether it is fiat or Bitcoin. There is no difference.

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

Yeah even I know it there is so many fiat ponzi too outhere, I just feel bad when I told people around me about bitcoin and the first impression that they got is a ponzi scheme investment which it makes me looks shame.
They told me everything i do online is shit and scam.
After that I never trust any site that offering a loan based investment like btcjam or whatever.

People who can judge basing on such low amount facts and knowledge are just not interested and want to troll.I have seen lot people taking significant amount of loans for sCC on btcjam and most of them have repaid as they made ROI's but many couldn't cause it was clearly a ponzi.

But still no website could tell you as to why the lender needs the loan.However, the probability might have an impact on it and i would say loanbase is easy to get a loan.

I guess is BTCjam  the best place to loans bitcoin, there are very reliable and have a lot to say that it is the best place to loans,  try to get loans bitcoin there

btcjam nice place to borrow. but not a good place to invest. because many fraudsters who did not pay his debts. You must be careful in lending

loanbase,btcjam,you can loan there. but i dont suggest you to loan on site,just get loan in this forum,some people just need escrow and some trust to giv you loan,simple without any ID.

btcjam is good but they have very lengthy procedures and that is really irritating as you need to provide them all the proofs related to your id and income and majority of us try to avoid to disclose the identity.

There is BTCJam that does that, yes, but there are also scams on BTCJam where people are taking out smaller loans to build up trust and then proceed to back out of larger loans and run off with the money. There isn't any real way to stop it, sadly, so I guess you should just give out small loans for now and hold off with bigger ones.

With all these things, you need to apply risk management principles to ensure you don't get hurt.

Suppose you have $1000 worth of coins to lend, for example purposes. and you want to earn a 5% return.

The first principle of risk management is to split the into five and lend $200 to five different people. That way if one defaults, you still have £800.

The second principle is to adjust your interest rate to ensure you make up your losses. So charge them all 7%, and if all pay back, you are really in profit but if one defaults, the extra interest from the others makes up for it.

Does BTClend still exist? Can't access their web page.

I vote for BTCJam, It's full of scammers right but all sites are. At least it's a site that has proven of being serious overtime

I am agree with you, scammers everywhere ,on btcjam too, but people just must be attentive and everything will be okay.

People have both mixed feelings since of peoples previous past experiences.

But the only way you can actually see if these sites provide a legit loan or not is making up a way to recover a small loan .1 btc. Test your way to growth.

It's ultra scammy. The scammers are aware of the amount they will get chased over, but most are just brazen.

I would go with BTCPop or Loanbase now...BTCJam just does not provide as much information on each user as the other two...when making a decision to invest it is good to know that on Pop and Loanbase you can click to the FB/Linked In/etc..  page and actually make your own decision as to whether it is legit or not...BTCJam is too protective of the screening data and the fact that you cannot discuss/ask questions about the loan before you invest is also a major negative.

I agree that for all of the major lending sites it is in the end up to the investor to chase after deadbeats/scammers, the lending sites have little incentive it seems.

I think poloniex they are also offering lending and you can make 1% interest per day to give loans from someone..
I never tried btcjam because it needs more real info about my self..

0.1% interest / day... 1% is not true....

I just choose btcjam than others, because I've tried to borrow BTC in btcjam, so I advised him there. but better looking than borrow bitcoin

I have used btcjam before as both a lender and took a small loan to fund a project, Basically it's an amazing system overall but would not work mostly because of the scammers, People taking small loans and then defaulting in the first large loan..

There have been some epic run-offs there.

Yeah I have seen a lot of ridiculous loan attempts on Btcjam for such causes that no sane person would loan money to. Looks like some people are so desperate for cash that they would go to great lengths to rip off other people for really minuscule amounts. There are even serial loan scammers who upload fake information and continue taking out loans and running away without repaying.

I am using BTCjam but the amount I have invested in very small. Just play with it and have not withdraw anything yet.

It seems like a legit service to invest BTC, but time will tell. My advice is to invest what you are afford to lose....

Have you gotten any defaulted loans yet?

I`d be surprised to see how many default and then if you can post that here, that would be great insight.

And when you say small, how much like 0.1 btc?

I'm using Getline and BtcJam to invest in loaning. I have to say I don't like Getline at all. It's not intuitive and extremely shady in configuration.
But BtcJam is extremely cool and you got great investment opportunities here.

24 Listing in Btcjam is a "great opportunities"...... LOL....

Well i had joined btcjam because i saw blockchain banner,soo i believes they were all safe investements,till i fund some projects and see no repayments ,soo i havent lost a penie since the funds i made had covered those defaulteds.But were more then enought to me get out of it,as i borrower they arent safe to your capital,if you wanna to make something well they can fund you,but well high fees involved,i would take a loan here and repay better then go there.

well, you should never make decission based on the advertisements that you see on different websites, they usually don't audit the services they promote (not saying it is scam or anything) just risky

invest bitcoin by loaning bitcoin is become common activity now,some people also do this in this forum,but i'm not interest for it,its might have big risk level. i more like to keep earn bitcoin,still afraid to invest.

Yes.. I invested with #BTCJam...
It's Good...

Sure but as a newbie why wouldnt i trust at the ads at blockchain i thinked they rented the space to advertise it,them being honest with publicity from scammers,anyway all places have it .Btjam has changed a lot and well i prefer to lend at poloniex where i believe its the most safe way to lend.

I have only had experience on btcjam. Word of advice only lend to people in the A grade it's a guaranteed payback. I loaned to several people and had nice profits from it.

many forum users are giving out good loans, so you can try them too.

but i have lent some coins to btcjam too, and so far made profit.

BTCJAM is really good website for investing in p2p loans.

I am using this website from a long time now and invested in lot of loans. I have got good returns from them.

I strongly recommend this website because of their stringent verification method. The chance of loosing money is very less.

A grade borrowers default all the time.

BTCPOP.co is the place to be.  However with the american ban on Jam POP is experiencing a lot of verifications so is struggling a bit
A lot of big players in BTC world are on there... so go and have a look

If i had some big project and need some funds to start it i would try those websites ,just to boost the project ,but in the end wouldnt be easy to get the support from the community with big ammounts thats why the rating system should work but doesnt work,just make a person build a profile and ask for a bit loan ammount and scam.

I say the best experience anyone can get would be from building the actual rep on the forum.

Then offering a official thread to moderate for micro loans and see how others do it with collateral.

But regardless of what you do, just know there will be a defaulted loan sooner or later lol.

The listings are changing rather regurlary so yes great opportunity ;)

What do you want? 200 listings every week? And why so?
If you've got enough money to fund 24 listings you should do something else with your money!

Really? I have used btcjam for 5 months now and i havent experienced a single default. Can you explain it?

It'a matter of trend one year ago Jam had 100+ listing, now don't reach anymore 30, this, for me is a negative trend.... but think what you want.....

Loanbase too has the same problem......

they have probably increase the control among those registred user, now one of the site want that you have your ID imgae near your face, so it's hell hard to fake this, you can not simply photoshop

but i guess there are always possibility for cheater

for btcjam is good to invest in it but he is now have many scammers i'm not professionel in that site i have 5 investement and 3 of them was scammers.
i think i will try the loan in bitcointalk maybe it will have less scammers. or maybe other site but i end trying btcjam for that bad experience.

Sure, it's a bad trend, but it doesn't change the fact that it's still a great opportunity ^^

You know any replacing website to loan?

Yes.... watch my signature....  ;D

scams are everywhere, but the verification system is evolving and the site community work hard to discover them..... and also a lot of others opportunity to invest (apart from loans) New startup company listed on site, and an altcoin exchange growing day by day, yes some problems and bugs also there, but admins work hard to improve and fix, and support responds and solve in an average of a couple of days, not weeks as in other sites..... and a couple of features unique of that site, two pools to park money (that you ddidn't invest, if you don't find interesting loans) that give you extra income, while your money are parked there, Instant loans (for borrowers) and the saving account that give you 5% interests APR (per year) payd daily....

But... You only got faucets on your signature. You can't win anything with shit like this!

Last link on the second line.... is not a faucet......

[EDIT]

Moved link on first line.... more visible  ;D ;D

Ahah! Sorry didn't see it ^^
Never heard of this one. It's a lots of btc funded if they say the truth...

Yes it's the truth....

Is one year that i use that site, as an investor, and i can say that they don't lie, but the best thing to do is see by yourself, register in it and do a tour, for investors no need to give particular infos, only the email.....

You got any change compare to website like btcjam? Seems quite similar to me!

BtcJam, lost faith one yar ago listening to other user experience that told me was full of scammer, pop at that time was a newly website, and with good ideas, so started with that, in parallel with loanbase, but also loan base in the last months changed a lot of rules and destroied their power, 6 months ago in loanbase 200 listing not is similar to jam. pop is growing there are 70+ listing in average..... but for my is the whole offer of investments that is a plus against other pure lending p2p sites.....

Well thats a feature i didnt know that has been implement,but does people wanna to be identified ?The interes some people pays at there can be granted at banks,if they have their name clean,off course.But its good to see they making something to improve their system and reduce defaulted.

Well im member of pop but as i dont trust on those kind of systems i just avoid them.

I have shifted a bit of my BTCJam activity to Pop in recent weeks as a result of the declining conditions at Jam...must say I am really impressed with Pop and will be moving more funds over as time goes by.

I havent heard about this new website you guys keep referring to outside from the known btcjam.

But if I were to do the loan process it would be some type of partnership with others who are already making that btcloan with a dedicated thread.

It's about 50/50 defaults. They have limited loans to such a small group that it might be better now. The entire thing is a scam from the borrower side to the sites taking a cut and promising 'net arbs' or whatever.

I'm one of its oldest users so I have seen every type of scam in my time: http://www.shamelist.it/

I can explain it yes, BTCjam does offers you arbs that are not legally enforced below 15 BTC. If you follow a case higher it will be legal so more trouble. So for years scammers have pulled off heists. If you think you can work around them just talk to the lenders there who have been burnt by old school names that were there two years. You will be hit hard if you keep investing there.

It is not a great opportunity, please don't spread such a naive view.

There is Jam, Loanbase and Pop. All three are the same with slight differences, e.g. Jam is now aimed at the South American market. Loanbase was an alternative but suffered the same scam fate. Pop is a tad better, but it's all the same.

Well the result of those all is no one is best then the other as they cant assure you the money you lend will return,the best one would be the lending forum here were the colateral must be provided being crypto or forum accounts ,protecting the lender and making the scam not able to happen,or atleast at a reduced risk.

I disagree! BTCJAM is always way more safer than any forum lending. BTCJAM has a proper verification procedure and they awards everyone with a credit score. If you wish to take higher risk, you can invest in lower credit rating and you will also earn higher interest rate.

But for higher credit scores, the interest rate is lower, but it provides more safety to the capital invested.

I have been using BTCJAM from a long time now and invested in almost 10 loans, not yet have any negative experience.

I never using BTCJAM before, what is the different with our lending section in bitcointalk ? Is it a good way to earn passive income by lending bitcoin to someone ? I thought the best website for loan is in this forum, lending section.

Long time investing and only 10 loans invested .... seems a little in contraddiction....

I'm investing in p2p loan sites by one year, and is not a loooong time (for me) and invested in 100+ loans.... this is a discreet experience.....

Pop has a staff member that follow late borrowers and start collection actions for defaults, some results are real there....

And the borrower has the voluntary possility to add insurance for a % of the capital, that, in case e will not pay, will be returned to lenders, and loan can be secured with backed shares or alt coins locked to the loan (collateral).

This is a more secure way to guarantee the loanded capital, than a simple rating calculation.

Lonas backed up by more than 50% of collateral are funded very fast.....

btcjam is very slow, i've sent the verifications request and they are still hanging there verifying all the stuff, after 4 fucking months, unbelievable

4 months, wow. you should contact their support or submit your request again. i am sure that nothing takes that long. there might be some kind of problem with your request. maybe lost in the middle of other requests, and their staff overlooked it.

So based on the overall replies its horrible.

I sense btcjam lacks on all areas esp for investors side. It would be different if they do some service to put into good collectors or selling that debt form to a higher institution to pay you back a bit.

Please be careful with btcpop.co

I have lost 0.713 BTC there, from my account balance, three weeks ago.
They never solved the issue, promises and apologies only.
There are many users complaining that account statements and balances are wrong and there is no action from support team
(And they haven't 24/7 support. Support work few hours a day, and take all holidays).

Well the only thing i know is that btcjam loans arent safe even with several things news they had implemented the scammers keep on there ,and everywhere,i like more to lend here as i can sell the colateral if the used default.

Yeah I never lend 0.05 btc to someone within a period of 1 month but he did not pay it. I reported this to the party btcjam. they could not do anything
management sites are very bad I think :-/

Well i had being there sometime ago because the advertisement at blockchain.info,soo i thinked were a service provided by them and were the service most used on the time.I had some coins from the faucets,and just that,i searched and made around 10 investments from those maybe 6 repaid and the others well 2 of them i took the risk since nothing were confirmed besides be a marine,atleast he claimed to be.I had left those with a small profit ,and something like 0,03 btc lost to the scammers,on that time were more easy to get the loan and forget about it.

I don't even think they have the net arbs thing straight anymore. Best to avoid.

The only safe way i give out loans these days are at poloniex,because who gets the loan cant withdraw before repay the loan,and the other is here ,with colateral always.Those others you would be risking only your capital.

I dont get it lol.

Isnt it the risk still there if they just take the loan and never come back. Or are you saying they need to make a 1st payment to access the remaining part of the loan?

I think the only best form is to set your microloans here on the forum.

Based on your collateral set in place on your own terms, with limited lending amounts.

Jam switched arbitration services without any explanation last month, new provider is the Dhami Law Firm out of New York who specializes in debt reduction services...nothing to count on from an investor perspective.  Stay away from BTCJam without a doubt, they are going downhill.

yeah agree
if I want to stay safe. you could ask for greater assurance than bitocin that you lent. so even if he does not pay the debt. you have the assurance that can be sold
This is like an investment that has a fairly low risk

The lending time will end and the ammount will be deducted to hir or her portfolio,to you get a loan at poloniex you need to put some coins into margin trades(works like colateral) and the loans has minimum of 2 days and max 60 days soo you can withdraw any crypto before repay.

Loanbase
BTCpop
Bitbond

Over 350 BTC paid back to date. Username on all platforms: CoinPro

We also accept private investors off-site. Send a PM for info/rates.

I lost around 0.40BTC even on B graded loans on bitbond: I will never use those platforms again.
I think it's better to start a lending thread here and make our own rules: I supposed (and I was wrong) that being on that platoform could have been better.

Yes, there are obvious risks involved with lending to users on the mentioned sites. However, the same thing could happen on the forums. Unless someone is better at verifying users information than the sites, I say stick to the sites.

Example: Someone on the forums is from India. I am American. I have no clue what to look for if someone sends me a fake ID, or other documents from that country. I am certainly not going to trust that person just because they have a hero account or similar. Especially seeing is how bitcointalk allows people to sell/transfer them. Now, if they were already signed up with a lending site, that verified as much of their information as possible, I will be much more inclined to invest with that person. Sure, there is still a chance the site gets fooled, but I also would not be investing a ridiculous amount.

You are correct though about making your own rules. As long as they are strict enough, you could easily guarantee no defaults, and/or at least breaking even.

General rule when giving loans to strangers (or even friends). Never give out more than you would be willing to lose at a craps table. Pretend that money never existed, and if it comes back to you with interest, smile :)

Try btcpop, I actually prefer them as they have an intant loan option an also you can provide altcoins and shares as collateral in there. Based on security loans, I'd prefer to give out loans to people in here plus people are really friendly  . Another options are bitbond and loanbase, I haven't tried them yet.

If you want to secure your money in giving out loans your best option is to just start a lending service ere in the forum and always asks for a collateral. I don't really think those sites are really helpful because some people will just scam even if their identity is at stake. It's always best to get a collateral rather offer it just because a person offers to show you their ID.

The option of alt-coin and shares collateral would definitely make btcpop the safer choice out of the others mentioned. Just an FYI, people can only apply for an instant loan after they have already paid off 2 loans totaling a certain BTC amount. 

agree with an excellent system of poloniex. but still, you need a guarantee that you can hold. when they go for a long time or do not pay. Of course you can use collateral to recover it
make sure that the collateral it has a higher price than the money you lend

Yes pal, well said!
There is nothing like zero risk around here therefore is always necessary to consider all the different variables when doing something like that and I'll say to everybody to take all the necessary means before doing it!

i dont know which website is the best because i think loans is not good dude.
I have a friend, he had just borrowed BTC. small numbers with almost 20% interest upon return. the bail is his accounts and finally because he had to get confused on which the 20% interest. finally he gambled and lost all their loans. what a sad story  :( :(

it looks like you have to be careful with someone who already has the title of "reliable" I will say this to you no one can be trusted on the Internet. even if you already consider as friends. many people who deliberately cultivate trust to cheat someone. after he got high confidence of many people. he could borrow a large amount then he disappeared

This is something that technically makes sense from a scammer's perspective, as it allows for them to run off with a bigger sum as opposed to having to take small chunks out of people's wallets, which yields a smaller return over a longer period of time. I'm not saying it is a good thing, but they're logic makes sense.

This is also why I never give out big loans, if you don't really know the person, then it's a bad idea.

That's sad indeed. Maybe out of desperation, he tried to gamble everything in hopes of winning the loaned amount plus interest. Maybe your friend should just learn from that experience and make better decisions moving forward. Loans are ok if they'll be put to good use. As for me, I'd only apply for a loan which gives the most reasonable interest rates and payment terms, and I'd only do that if I know that I could pay it back on the date agreed upon.

Hmm interesting. Never met one person who landed an arb from Bitcoin lending sites.

I would not recommend to give out loans without proper funds from the loans. it is very easy to scam people and that is the reason why so many newbies want to get a loan.

scam

Of course BTCJam is one of the choices. IMO it's probably the best of all because so many people use it and you'll probably have a higher chance to get a loan or to send out a loan than all the other sites.

But there's also Loanbase, and bitbond.com. Both of them also have a large customer base. You can experiment with them all and pick for yourself which one is most suitable for you.

Didn't Loanbase abandon their forums because the scam level was so high? Bitbond is better I will give them that.

Stay very clear of BTC Jam...look to Loanbase or BTCPop instead.

I agree with you. IMO, you should not give out loans because I got an experience that someone asked me for loan, its only 0.001 BTC and then I gave him the loan because I know him well, then he ran off and disappear with the btc I loaned him. Well that's only a small amount what if it was big? then the best thing to do is not to send loan even if you know the someone that ask you loan well.

I suggest that you never take a loan if you do not know if you can pay or to gamble you should not do it. Only if you are sure that you are going to be able to pay it back then you could take a loan.

BTC Jam is the best one so far. Unlike any other sites, BTC Jam has a status profile of lenders if they are trusted or not. You can also select high risk or low risk lending programs. But if you have a choice of choosing mining or lending i would rather choose mining.

BTCJam sucks. The rate of defaulters is epically high. Nobody should use any Bitcoin loan website.

+1 on BTCJam ...stay clear of these scammers!

Nevis...where do you get these opinions? How do you explain what is happening with the recent decision of Jam to discontinue service to USA and the subsequent collapse of so many active US loans? Jam customer support is absolutely non-existent in these matters...how are you basing your support here???

Well it is clear since Nevis never answered back and explained his comment we can pretty much assume he was only shilling for Jam for whatever reason...stay away from Jam seriously, they are a fraud waiting to implode like HashOcean just did!

Wont disclose as Lending Bitcoin is cannot be business as If consider to market price as price may be vary at the time of transactions ans afterward it may change.

I suggest that you do not take loan without thinking carefully about it because if you are not able to pay it back things will go left.
If you are u are you are able to pay it back then you should have no worries.

check out salt.lending

they had a crowdsale couple of weeks ago and they are setting up BTC to FIAT loans right now