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by LendaBit.com
Mon Mar 30, 2020 6:32 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Supported Collateral Cryptocurrencies
Currently, one of the most popular and scalable cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Tether (USDT-OMNI) — are accepted as collateral on LendaBit.com ...
by LendaBit.com
Fri Mar 27, 2020 11:15 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Sensitive Data Protection
P2P lending platform LendaBit.com is based on the best practices and recommendations from recognized experts, notable models and OWASP guidance. All customer sensitive data is securely ...
by LendaBit.com
Wed Mar 25, 2020 7:57 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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How to Make a Loan Request?
For a borrower to make a loan request on LendaBit.com, it is necessary to make a few simple actions, namely:
• Go to LoanBuilder.
• Opt for “Make a Loan Request” by pressing “Get ...
by LendaBit.com
Mon Mar 23, 2020 12:33 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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What is AML & KYC?
KYC (“Know Your Customer”) is the process of verifying a customer’s identity. In KYC, each client is required to provide credentials such as ID documents in order to use a company’s service ...
by LendaBit.com
Fri Mar 20, 2020 7:45 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Lending Process Explained
For all interested in lending crypto and earning interest on loans, it is necessary to:
• Register an account and complete simple verification.
• Top up your LendaBit.com wallet with ...
by LendaBit.com
Wed Mar 18, 2020 3:09 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Borrowing Process Explained
In order to borrow funds on the LendaBit.com platform, it is necessary to:
• Complete registration and verification (if you have not done it yet).
• Choose the collateral currency ...
by LendaBit.com
Mon Mar 16, 2020 1:34 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Multiple Loan Applications
All platform users are able to apply for and receive multiple loans (or use credit lines, respectively) once a sufficient amount of collateral is provided. You can withdraw loans in ...
by LendaBit.com
Fri Mar 13, 2020 1:40 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Can I Cancel Blockchain Transaction?
Confirmed transactions on the blockchain are permanent and irreversible. Cryptocurrency transactions on the Bitcoin network are designed to be irreversible and we have no ...
by LendaBit.com
Wed Mar 11, 2020 2:07 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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What is Tether (USDT)?
Tether is a blockchain-based platform designed to facilitate the use of fiat currencies in a digital manner. Its native cryptocurrency (USDT) is a stablecoin issued on the Bitcoin ...
by LendaBit.com
Mon Mar 09, 2020 12:25 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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How to Repay Loan?
At LendaBit, loan repayment is automated and does not require much efforts. All you need is to have a sufficient amount of crypto (loan amount + interest) on your account balance for loan ...
by LendaBit.com
Fri Mar 06, 2020 10:49 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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How Often Do I Have to Pay Interest?
There are no regular interest payments for traditional P2P crypto-backed loans. You will have to pay interest only once, at the end of the loan term or you can prepay the ...
by LendaBit.com
Wed Mar 04, 2020 11:03 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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How Fast Can I Withdraw My Loan?
As soon as the loan is made, the funds are available for withdrawal. In turn, by using the Credit Line option, the funds are instantly available for withdrawal without any ...
by LendaBit.com
Mon Mar 02, 2020 10:16 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Who Can Be a Borrower?
Any individuals or entities willing to apply for a loan and pledge crypto as collateral can become borrowers. The same concerns credit lines. There are no upfront borrower requirements ...
by LendaBit.com
Fri Feb 28, 2020 5:53 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Loan-to-Value
Generally, crypto collateral coverage depends on loan amount, loan duration and it should meet the Initial Loan-to-Value (LTV) ratio (50%) at the date of striking the loan deal. Loan-To-Value (LTV ...
by LendaBit.com
Wed Feb 26, 2020 12:55 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Why Use LendaBit?
Peer-to-peer (P2P) crypto lending is a useful instrument to line up demand and supply of digital assets. LendaBit.com allows users to lend and borrow funds in a matter of a few mouse clicks ...
by LendaBit.com
Mon Feb 24, 2020 12:20 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Calculating Interest on Loans
Interest on a loan is the cost the borrower pays to the lender for receiving and using the crypto-backed loan. Interest is calculated based on the formula: Daily Interest = (Loan ...
by LendaBit.com
Fri Feb 21, 2020 2:33 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Crypto-Backed Loans
At LendaBit, all P2P loans are secured by crypto collateral so as to guarantee the investors safe storage of lent funds, interest and loan repayment at all times. Get a loan against your ...
by LendaBit.com
Wed Feb 19, 2020 1:30 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Margin Call
Margin Call is an automated notification generated by the system requesting the borrower to top up pledged crypto collateral. Margin calls protect the interest of the lenders from the downside risk ...
by LendaBit.com
Mon Feb 17, 2020 1:35 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Collateral Value — Increase & Decline
Collateral is an asset(s) that a borrower pledges as security for loan repayment to a lender. Cryptocurrencies are volatile by nature, so what is happening if the value of ...
by LendaBit.com
Fri Feb 14, 2020 1:44 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Compliance Officer
A compliance officer is an authorized individual who ensures that a company complies with all applicable regulatory and legal requirements as well as internal policies. It is the compliance ...
by LendaBit.com
Tue Feb 11, 2020 11:58 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Why Pay Off Loans on Time?
First, you, as a borrower, save money when repaying your loan on time. Secondly, you maintain excellent reputation of a reliable borrower. Thirdly, you avoid the risk of collateral ...
by LendaBit.com
Mon Feb 10, 2020 12:59 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Seamless Collateral Management
The biggest advantage of collateral to the borrower is that the lender is ready to offer lower interest rates and longer loan terms on collaterized loans in comparison to those ...
by LendaBit.com
Fri Feb 07, 2020 12:18 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Are Lender’s Investments Protected at All Times?
By all means, all lenders’ inflows of funds are securely protected due to seamless collateral management system. Moreover, the world-class BitGo wallet services ...
by LendaBit.com
Wed Feb 05, 2020 10:38 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Where to Get BTC or ETH for Collateral?
Presently, buying crypto with a credit/debit card or crypto swapping are widely accessible through online exchange platforms. Noteworthy, the best option is to purchase ...
by LendaBit.com
Mon Feb 03, 2020 10:12 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Available Borrowing Options
All in all, there are 5 borrowing options located in the LoanBuilder, which are conveniently available to all platform users:
1 Credit Line
Due to the main advantages of credit lines ...
by LendaBit.com
Fri Jan 31, 2020 1:00 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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User Account Protection
P2P lending platform LendaBit has successfully eliminated processing errors, poor information access and susceptibility to fraud due to utilization of blockchain technology and advanced ...
by LendaBit.com
Wed Jan 29, 2020 9:29 am
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Safe & Reliable P2P Lending Services
LendaBit is a perfect meeting place for lenders and borrowers, where the participants are able to set their own terms and conditions. By excluding the rudimentary middlemen ...
by LendaBit.com
Mon Jan 27, 2020 4:55 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Loan Currency VS. Collateral Currency
P2P loans are available in 2 cryptocurrencies — Tether (USDT-OMNI) and Bitcoin (BTC), — and 1 fiat currency — US dollar (USD), applicable for the Credit Line option only ...
by LendaBit.com
Fri Jan 24, 2020 6:06 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Media About Us.
Good news spreads like wildfire! Since the launch of the LednaBit.com website, there have been quite a lot news media publications regarding P2P lending services rendered by the platform. For ...
by LendaBit.com
Fri Jan 24, 2020 6:03 pm
Forum: Lending
Topic: LendaBit.com P2P platform for loans secured by bitcoin
Replies: 68
Views: 54411

Re: LendaBit.com P2P platform for loans secured by bitcoin

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Live Chat 24/7
Our professional and dedicated Customer Care Team provides timely support and is always ready to assist you with solving any issue at hand. Simply use the online chat form to ask your question ...

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