LendaBit.com P2P platform for loans secured by bitcoin

[LendaBit.com]

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 control over them. Considering this, it is of utmost importance to make sure your transaction details are correct before you click “Confirm.”

http://bit.ly/2TMsWPi

[LendaBit.com]

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 crypto (BTC, USDT) or fiat (USD). Credit lines possess built-in flexibility and allow to adjust repayment amounts as needed, based on the current budget or cash flow.

http://bit.ly/2QjGMGF

[LendaBit.com]

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 and make a deposit.
• Receive your loan or start using the credit line feature.
• Repay the loan and you can borrow again.

http://bit.ly/2Qpc5A2

[LendaBit.com]

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 crypto.
• Initiate a loan deal, lend to the Loan Pool or choose any preferred loan request placed by the borrowers.
• Receive interest and loan amount at end of loan term.
• Withdraw crypto or use it for further loans.

https://bit.ly/2WtbbpV

[LendaBit.com]

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. The stringent regulatory environment establishes KYC as a mandatory and crucial procedure for all fintech companies. AML (“Anti-Money Laundering”) practice is broader than KYC, and it refers to measures used by financial institutions and governments to prevent and combat financial crimes especially money laundering and terrorism financing.

https://bit.ly/33PSgHD

[LendaBit.com]

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 Started.”
• Select your preferred loan currency (USDT or BTC), set the loan amount, loan duration, interest rate and collateral currency.
• Once the above outlined parameters specified, you can adjust your preferred LTV ratio (Low, Middle, High, Critical) and submit your loan request.
• Don’t forget you are required to have a sufficient amount of collateral on your LendaBit.com account to finalize the loan deal.

https://bit.ly/2UiK7Ic

[LendaBit.com]

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 encrypted and protected at all times. Due to deployment of DDoS preventative measures, intrusion detection and prevention tools, system monitoring and multiple levels of protection, the chances of cyber-attacks or cyber-bullying are eliminated. An additional layer of security is provided by 2FA and inactivity logouts.

https://bit.ly/33TptBY

[LendaBit.com]

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. Collateral is provided to assure the lender that loans get repaid under any circumstances. To make all platform users feel comfortable, a useful and easy-to-understand Loan Calculator is available for quick calculations, thus the whole process is transparent and automated to the maximum. Simply choose your preferred amount to borrow, loan term, collateral currency and the rest of calculations (daily rate, interest rate and interest amount) will be displayed immediately.

https://bit.ly/2Ur0LFI

[OneChain]

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