Bitbond is a marketplace lending platform that makes it easy for investors to diversify by adding bitcoins to their portfolio. The company was founded in May 2015 and has already raised a $1 million from investors. Bitbond has over 23,000 users and has already funded more than 1,100 loans.
Bitbond has an average ROI of 13%. However, your personal ROI will vary based on the performance of your specific loans, which largely depends on your risk tolerance when selecting which borrowers to fund.
Borrowers with good to excellent credit can qualify for interest rates as low as 7.7%. However, the average borrower receives an interest rate of 20%.
Bitbond offers a platform that makes it easy for borrowers to apply for a loan and for investors to filter borrowers by their credit rating.
Bitbond credit checks all potential borrowers and rates them based on a risk rating matrix that goes from A to F. The rating system is similar to the one used by Lending Club and Prosper.
Investors can set up filters that select borrowers based on their credit risk, location, and loan amount. Once the filters are selected, borrowers can choose to auto-invest funds without the need to manually select borrowers.
Investors don't have to pay a service charge, and the minimum investment is just $2.
Bitbond is available anywhere with an internet connection. This easy and instant access to a global investment platform in a decentralized (and virtually untraceable) currency is one of the big selling points of Bitbond.
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