Best website to give out loans? Btcjam or ? - page 5.

malzahar

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Quote from: 7788bitcoin on March 31, 2016, 10:21:09 PM

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?

7788bitcoin

legendary

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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....

Wendigo

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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.

pbleak

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Quote from: Ardenyham on March 29, 2016, 02:27:35 PM

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.

Ardenyham

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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..

OrangeII

hero member

Activity: 2072

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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

cesmak

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Quote from: airezx20 on March 29, 2016, 12:41:10 PM

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....

airezx20

sr. member

Activity: 350

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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..

btiAndy

full member

Activity: 150

Merit: 100

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.

pbleak

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

Oriannaa

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Quote from: Rinder on March 16, 2016, 08:05:20 AM

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

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.

GamingBro

sr. member

Activity: 434

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Quote from: Rinder on March 16, 2016, 08:05:20 AM

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.

Rinder

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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

bitbunnny

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alyssa85

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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.

MingLee

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Quote from: chaosknight on March 13, 2016, 02:30:50 PM

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.

chaosknight

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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.

RealPhotoshoper

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Quote from: forzendiablo on January 03, 2015, 12:33:55 AM

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 Wink

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

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.

DeDordtenaar

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Quote from: bearex on February 17, 2016, 12:20:57 PM

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

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

Mr.grin

legendary

Activity: 1218

Merit: 1000

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

Topic: Best website to give out loans? Btcjam or ? - page 5. (Read 17075 times)