Bitcoin p2p lending - Who is the best ? Give your review.

[fiatslugg]

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

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

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

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

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

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

[biggbox]

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

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

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

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

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

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

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

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

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

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

UPTO 10% extra on your next deposit

It's been a crazy few weeks over at the Pop offices, with staff illness, hardware failures and an office move all within a short period of time.

This has lead to a few technical issues with our wallet servers and a large backlog of support tickets.

To make up for us not living up to our own high expectations, we are offering up to 10% bonus on your next deposit* and, for a limited time, 10% on our savings pool.

[Doraiimon]

www.bitcoinloans.com

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

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

right

[fiatslugg]

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

[fiatslugg]

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

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

[fiatslugg]

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

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

[biggbox]

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

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

[fiatslugg]

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

[Stedsm]

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

[biggbox]

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

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

[ausbit]

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

every day we must choose what path we will take .

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

[fiatslugg]

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

[fiatslugg]

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

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

[fiatslugg]

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

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


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

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

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

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

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


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

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

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

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



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

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

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

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

You guys have been awesome

Lee Bartholomew
(former) CEO BTCPOP

[fiatslugg]

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

[biggbox]

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

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

[mimicman11]

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

michaelcalilan112882@gmail.com


I really appreciate much who can help me in this.




Thanks!

[aesma]

BitLendingClub is closed.

Bitbond is closed.

Damn !

[NoShiteSherlock]

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

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

[cesmak]

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