Having just learned about Bitcoin or you have been holding some few coins for a while but don’t know what to do with them. To make more money than just stare at the value all day long in your Bitcoin Wallet watching the value increase, this article introduces you to yet another investment opportunity owning Bitcoin has to offer.
Bitcoin is apparently the New Money. It’s a great way to store wealth. It was created to solve the problem faced by the current financial system and also a method of transacting anonymously between two parties. It has over time moved from just being an excellent value for wealth to being a significant investment opportunity.
There are some ways you can invest with Bitcoin, but the one we will be discussing here will be the Peer-to-Peer Lending with Bitcoins.
What is Bitcoin Peer-to-Peer Lending?
The Peer-to-Peer Lending is a program where individuals lend specified amounts, as much as they can afford to invest, to other individuals or small and medium scale businesses who have difficulties in acquiring bank loans to fund their various projects. This lending system is therefore carried out on lending platforms who stands as intermediaries to protect the interests of both the lenders and those needing the loans. The peer-to-peer lending attracts a much higher interest rate than the bank or government bonds; people have therefore found this system as an excellent choice of investment.
How to Invest in Peer-to-Peer Lending?
There are quite a good number of Bitcoin Peer-to-Peer Lending platforms out there that you can find individuals from all over the world participating. Instead of leaving your Bitcoins dormant in your Bitcoin wallets, you might want to lend it out, and in return, you get back a higher value of what you gave out as determined by the market and also get a certain percentage of interest on the investment.
Here are two Bitcoin Lending Platforms you might want to consider:
- Bitbond: A platform for global investors that gives investors high-interest rates in return for Zero fees. The interest rate at Bitbond is an average of 25%, and you are allowed to invest small amounts as low as $10.
- BTCPOP: Here is another excellent choice. On the BTCPOP platform, you get to set your terms and how much you are willing to lend out. Loans are instant.
There you go. Now you know how to put that dormant Bitcoin to use. Please remember not to invest what you cannot afford to lose to be on the safe side. Though these platforms have policies in place to safeguard both the lender and borrower, you should also know it’s an investment in which anything can happen.