Best Bitcoin Lending Sites and P2P Platforms

What is Bitcoin Lending?

Bitcoin lending is similar to your regular bank loan, the difference being that you do not need to involve banks and government regulations, and the loan consists of Bitcoins.

This system provides creditors with profitable interest rates and borrowers with cheap loans. The deals are usually settled on peer-to-peer platforms which leverage Bitcoin technology to make everything fast and with low fees.

Bitcoin loans are like your standard term loan: the borrowed has to be paid back the money plus interest and fees over a pre-set period of time. These fees can be paid in fixed installments or all at once, depending on the chosen preferences. But since Bitcoin is decentralized and works without third-party management, your loan would be processed by other crypto holders.

On P2P lending platforms, crypto owners are connected with potential borrowers, and the platform usually requires a fee for this service. To be able to borrow, you first need to set up an account and have it verified.

These platforms give you a trust score which is based on how much they’re able to verify about your identity and financial history. To receive a high trust score, you might need to submit more documentation.

In today’s article we will be presenting some of the best lending sites and P2P platforms where you can lend/borrow Bitcoin:


Poloniex is a well-known exchange and is one of the best Bitcoin lending sites available. The platform offers great liquidity options and a wide range of altcoins, which can then even be converted into Bitcoins.

The exchange was established back in 2014 and is based out of San Francisco, California. Currently, the team has decided to cater mostly to US residents, with plans to expand their business and extend support to other countries later on. 


Bitbond is a P2P lending platform which caters to small-medium enterprises (SMEs) and entrepreneurs. The platform is registered, approved, and regulated by the German government.

As a user, you will have to go through an identity check by providing basic identification details and even submitting a basic financial assessment. After this, your account will be given a rating. A higher rating means that you have higher chances of getting a loan.

Borrowers that are not rated are not allowed to apply for loans. Loan requests may take up to 14 days to produce some significant results. After the specified time duration has passed, and the loan is approved, both the borrower and the lender have the repayment schedule displayed in their user account page on the website.

Borrowers can have only one loan at a time. Interest rates are determined by the creditworthiness of each borrower.


BTCPOP is a peer-to-peer loan market established in 2014, which is currently headquartered in the Marshall Islands.

Aside from matching borrowers and creditors, the service also features a chat system where users can debate the risks or other topics. BTCPOP provides assurances against the principal for certain loans, borrowers’ revenue and identification verification, as well as direct loan servicing.

BTCPOP also assures the conversion of Bitcoin-based loans between altcoins and monitors the reputations of borrowers and creditors.

The platform keeps its clients’ coins in cold storage, in offline wallets. They have an extremely stimulating benefit and credit gets validated almost immediately. The platform lets you borrow anywhere in between 0.01 BTC to 500 BTC. Also, 5% is offered to the clients to hold BTC in their record.

Interest rates: Interest rates on Bitcoin P2P loans are high when compared to fiat advances.

BTCPOP services include: credit-based lending, initial public offering (IPO), startup financing, trading, and staking.


SALT (Secured Automated Lending Technology) is a digital Ethereum-based loan platform from Denver, Colorado. SALT lets you put up your crypto assets as collateral and get fiat loans in USD, EUR, and RMB.

In order to use the platform, you need to purchase SALT tokens which you use as collateral. The total supply is 120 million. The platform has three levels – membership, premier, and enterprise – that have different amounts on loans. Currently, 1 SALT ($10) lets you loan up to $10k. Premier plans which are 30 SALT gives you access up to 100k, and Enterprise plans for 100k and up. Interest rates are between 10 and 15 percent and access to the loans depends on fund availability.


xCoins is a California-based company which runs a peer-to-peer platform that connects Bitcoin creditors and borrowers. Loans that occur on the platform are settled between the two parties, with xCoins being just the mediator.

Users can get BTC through a “secured loan”, that is paid via any kind of payment method accepted by PayPal. In contrast to regular exchanges, borrowers can get their money refunded if they no longer want the BTC.

Lenders can join xCoins for free and set their own interest rate, collect the loan origination fee and collect the PayPal processing fee.

You just have to sign up on the platform, provide your identification details and have your identity verified, and deposit the amount in U.S. dollars equivalent to the BTC you need to borrow.


ETHLend is another popular loan platform that also allows the borrowing and lending of cryptocurrencies. The marketplace is built on ERC-20 compatible tokens that are issued by the Ethereum blockchain.

ETHLend uses a reputation mechanism in which each Ethereum address has a reputation score attached. The reputation system uses Credit Tokens (CRE), ETHLend’s internal tokens.

EthLend allows any Ethereum-based token to be utilized as collateral, with the LEND token being used to obtain fee discounts for the system. Loans are held in Ether with defaults resulting in a penalty of all coins held as collateral.


Bitcoin loans are still new and not fully regulated, so do proceed with caution when signing up on these services. In the future, these types of loans could become a feasible option of financing for those that do not meet the credit requirement of banks.

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