P2P sites or also known as peer to peer web sites match savers who have bitcoins that they are will to lend with burrowers who can be individuals but more often they are not small businesses. The rates on these sites are generally a lot better than what is offered by most banks but ofcourse bitcoin isn’t issued by banks but when it comes to general fiat currencies they are lot better than the traditional banks. As unlike any other investments there are risks attached to it, the biggest one being the burrower not being able to pay the lender along with the interest on top. Peer to peer bitcoin web sites are unregulated so if someone fails to pay you back you’ve lost out. The sites do as much as they can to make it as secure as possible but there is always that risk. If you are a real risk taker and want to lend your bitcoins for profits then these are some of the best bitcoin lending web site:
http://www.btcjam.com
http://www.loadbase.com
http://www.bitbond.com
http://www.btcpop.co
while lending your bitcoins on such peer to peer lending web site always use the power of google and do your reserach. Look at who is asking for the loan and carry out a background check on them. Make sure you have all the important information about them like are they a legitimate business, do they have a social media profile? are there any other important piece of information about this business online ? By doing this you can draw a picture on your mind about how long are they going to be able to pay back the loan and then only trust them. Get insurance if you can. By taking out insurance to cover you from any defaults you are essentially taking out life insurance. And finally lend to only things that you understand. By doing this the likelihood of defaulting reduces drastically.
