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.
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 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)