Today we will take a look at a company named Bitbond. What is Bitbond all about? Is it a scam or a legit company? Will it be something for you or not? These are some of the questions we will focus on. Got a feeling this one will be VERY interesting so let´s go!
Owner: Radoslav Albrecht (Founder and CEO)
Price: FREE to join
Minimum investment: $2
Who is it for: Investors and/or loaners
Overall rating: (3.7 / 5)
Before we start (Important):
It is always important to do your own due diligence before deciding to trust a company enough to hand over them your own hard earned money. You need to be aware of that there are so many scams online, especially in the crypto world.
However, once you know what to look for it becomes pretty easy to avoid 90% of them by only the first glance.
**If you want to see our Top 10 tips for beginner crypto investors click here
Ok, with that being said, let´s continue with the review of Bitbond.
What is Bitbond about?
Bitbond, founded by the CEO Radoslav Albrecht is plain and simple a company where you can invest and/or take a loan. You can do this very easily and quickly without any complications. The company has been a huge success the last 4 years, just look at their statistics and you can easily understand why.
How does it work?
A contract gets made between the borrower and the lender (or lenders) to borrow a specific amount of Bitcoins. The loans can have a duration of 6 weeks all the way up to 5 years.
The borrowers get a rating before they are able to publish their loan request. To get a rating they need to verify their identity, the rating is also based on their financial assessment.
To be able to get funded, the loan request is published in the Bitbond marketplace where lenders can place bids during an auction. The loan request is up in the marketplace for up to 14 days.
Both borrowers and lenders get a payment schedule that will be displayed in their member’s area and personal account after an auction has finished successfully.
Plain and simple:
Bitbond leverage on the bitcoin technology and payment network, and have created the world’s first global market for small business loans.
This is something that would not be possible in the traditional banking system because it would take (Way to) long time and would be waay to expensive.
Can this be the best way to get a small business loan? It absolutely seems like it!
Can you make a lot of money?
You can, of course, make good money with this, there is no limit, you can invest as much as you like.
The return rates are good at Bitbond, and more importantly, this is a way for you to add another passive income stream to your arsenal. You can never have too many of those.
Most importantly and the best thing: this isn´t some “magical super secret loophole” or any kind of bullshit like that, those are all over the web online in the form of HYIPs and Ponzis, not something I would recommend… To say the least… However.
Bitbond is the real deal and it is only getting better.
Just look at some of their statistics and there you will probably see a bright future ahead.
To see more statistics click the picture below (opens in new window)
- Safe, Simple, cheap and not complicated
- Awesome business idea
- You are in total control
- Not for everyone
Bitbond a Scam?
So, is Bitbond a scam? Absolutely not, this is a legit company with a great service that I am sure will make a lot of people happy all around the world. It can work as another passive income stream for you or it can also be the place that helps you with the extra financial help you might need for your own business idea.
Below you got example testimonials from users of the service:
Why should you (or should NOT) join Bitbond?
As I mentioned above, this isn´t for everyone. This is for you if you are interested in investing or if you are looking to get a loan.
It is an alternative, maybe not the best one out there but still an alternative.
P.S. If you live in the U.S. the absolute best place to get a loan that I can recommend is this one
Final words and verdict on Bitbond
Overall rating: (3.7 / 5)
I think I have made my point pretty clear, this is an awesome company and the rating is a top one! You can start investing for as low as $2 so this is truly an opportunity for everyone.
It is really great to finally see a legit bitcoin investing site that isn´t some kind of Hyip or Ponzi scheme.
The fake sites are everywhere online so it feels very good to find a 100% legit one and make a review on it as it doesn´t happen every day.
I think that sums it all up pretty good, you are good to go with this company as they are completely transparent with everything and there are no Hyips, Ponzis, Mambo Jambo claims and such things.
Plain and simple, this is a good company!
==> Check out Bitbond closer here
==> Check out my #1 recommended place to get a loan (If you live in the U.S.) <==
I hope you found this short review of Bitbond to be helpful and now you should have a better understanding of what it is and if it is something for you or not. If you are an active client, please share your experience with us in the comment section below as it can help others. Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
Founder of: $tart Make $top Waste
Hi John, thanks a lot for your review this seems really interesting.
But I’m not too sure if I’ve gotten the idea yet. To make money with bitbond do we become lenders? It is like we are being a bank where if we lend out our money we get paid back over time with interest.
I hope I got the idea right xD
Oh and it seems like a bitcoin lending platform, if I don’t own any bitcoin will I not be able to benefit from this?
This is very interesting, I personally have been invested in bitcoin for a long time and bitbond really seems like a great opportunity for small businesses to thrive without banks and people wanting to invest.
This is a great review, I feel very intrigued towards bitbond now.
I wonder how many small businesses have benefited from bitbond and famous companies now.
Hi John. It’s the first time I’ve heard of a bitcoin lending marketplace. I really like the idea of common people financing other common people’s business. Let’s stop the monopoly of the big banks!
On the other hand, may I know why the platform uses bitcoin as their currency? I’d believe a normal currency would be more stable (correct me if I’m wrong) and has greater reach to people.
The reason for that is because it is way cheaper to use bitcoins as all the different fees are not there
I did not know that company existed.I knew something about bitcoin but I think it is not clear to me if it is to lend money? Anyway I think Bitcoin is a great investment and there is a market that has no limits. I would like to know if it is regulated around the world? I have friends who are opening market in Vietnam with Bitcoin I would like to have more information
You can both lend and get a loan, it works two ways 🙂
Aime Matunda Pero says
Thank you very much for your helpful reply. I’m newcomer here and already feel confident in BitBond and I don’t know why.
I am a victim of ONLINE SCAM. I was recently scammed by BITTRADERS.CLUB. I hope this platform isn’t another Scam ground .
Sorry to hear that, you are not alone though, most of us have been scamed at some point online, or offline.
You can be absolutely sure bitbond is legit though
What would you say is the average monthly return if I were to invest about $100 into a loan?
It depends on what “time plan” you choose to get the return, you can see all of that inside the members area
This is something I’m actually legit interested in doing. It seems like a really great place to invest. I’ve been looking at different opportunities to invest money into different places. I’ll also finally be able to have a little bit of a passive income while I’m working on my business. Thanks for this awesome article!
Great to hear that Caleb!
John have you used this as an investor? I’m trying to see, how collateral is handled if it is, and if not what if any is the protection against defaults? I see they do a credit check and rate the borrower, but just wondering other than being banned from using the platform again, what is the deterrent to default on a loan?
No, I haven´t used it as an investor… yet. Right now I am only focusing on gold as far as investing is concerned.
Did you get banned from using what platform? You can get very small loans so there should not be much of a deterrent..
This is a truly encouraging piece. I hope the services are worldwide.
They are 🙂
I invested almost $1000 in bitbond. It was fine at first, but recently the loans have been defaulting at close to 50% . I will be pulling my remaining funds. Avoid like the plague.
Are you serious? Have never heard of complaints before? Hmm…
Could I please ask you something?
If it is like you say could you help others to see?
Can you take a screenshot of this to prove it and I will put it up on this post and update it if that´s the case?
Rishabh Sharma says
This was a good review. I’m going to invest a few BTC onto this and probably make good returns out of it.
Thank you! Glad you liked the review. Yeah try it out, it Looks like one of the best (Legit) bitcoin investing sites out There. Feel FREE to come back here and tell us about your experience.
I can understand this from the lenders side. But why on earn would a borrower take out a loan in a deflationary currency?!
@Rich0292: I totally agree, I also can’t understand. If the interest needs to pay on my bitcoin (e.g. 1btc + 10%, so 1.1 btc), and the btc increase suddenly, how can they pay back the loan. Isn’t that totally risky and crazy?
One of my friends recently got approved for a loan on that platform for a new fridge and oven. Is it true it takes awhile to get funded as there aren’t many big investors on the platform ?
simon healy says
A few years back  working abroad [Philippines] on my NGO – http://www.solvepoverty.com, I sustained a nasty ABI [acquired brain injury] landing me in 3 different hospitals [inc 2 separate ICU’s [intensive care units] I had to borrow some rather large debts. [in excess of USS$15K] I didn’t want to gamble to pay of these debts. I returned home to Australia for medical care
My query is Bitbond the kind of service that will assist me to pay off some my bills?
I just wanted to test that the posts here are real user posts 🙂 I appreciate the review. I can understand the taking a loan on a deflationary “currency” but it would mean a lot of certainty that the funds would be used for success and the turn around would be quick to reduce risk.
Lol! yes it´s real user posts 🙂
/All the best
My cancer in second stage, do you recommend it for borrowing treatment money from Bitbond? suggest if any other way..thnx..thank u
So sorry to hear that, am not in the position to recommend as I am no doctor, but would also check with alternative methods as there are some interesting ones that have given people great result…
Thank you for your personal comment