DescriptionWhat do bitcoin lending platforms do that is good? The job of a good bitcoin lending platform is to make the entire process as easy as possible for people – for example – making the process more secure, transparent and overall helping people to have access to capital. There are several advantages of p2p bitcoin loans over banks: Better rates Lenders do not pay a fee. Borrowers pay something between 1% and5%. Faster approval The money lends on your account much faster. Banks are very bureaucratic and therefore take longer to approve a loan. More financially advantageous for lenders A lender gets a better return on investment. With rates being anywhere between 3 and 7% per month, they are impossible to beat with the normal banking world. Individually approved loans (by hand) Being a risky proposition, bitcoin lenders approve loan submissions by themselves and checks are manual. This greatly reduces the possibility of a scam.
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