When how to lend and borrow bitcoin with bitbond want to borrow on Bitbond you only have to complete 3 steps. Follow them through and you will be a happy borrower in no time. Especially compared with the lengthy process when you go to a bank. Registering is the easiest step. Enter your name, your e-mail address, your phone number and select a secure password. A secure password is very important because you have to treat your Bitbond account like you would treat an online banking account.
Once you completed the first registration step you receive an e-mail which asks you to confirm it. Again, this is important because your e-mail address is also your username. You will always log in to Bitbond with your e-mail address. Basically there are a few data input forms. The first asks you to submit personal details like your complete name, date of birth, citizenship etc.
Afterwards you are asked to connect your accounts. The more accounts you connect during the application, the bigger chances you have for a higher rating. Afterwards you will have to provide your employment info and contact details.
This is one is crucial to your rating because the more trustworthy and verifiable your statements are, the better your borrowing terms get. In this regard, when you want to borrow, a loan actually does have something in common with a bank loan. Your details are just as important. When your borrower role on Bitbond is unlocked, you are ready for the third step.
You will see the following form. Select over which term you would like to borrow and the loan amount you want to borrow. Note that a 6 weeks loan is the shortest one. Afterwards, you will have to state the purpose what you want to a loan for. If you are not sure which category fits best, read the how to lend and borrow bitcoin with bitbond under each category.
Next comes the description filed of the form. Let your lenders know what you need the funding for. You have a maximum of 1, characters for the description. However, the best thing is to be brief and to the point. The more specific you make your description, the easier it will be for lenders to decide if they want to invest in your project or not.
Investors are cautions and they should be. So provide how to lend and borrow bitcoin with bitbond background information. The best thing you can do is give a reference about a website of your business. When you filled everything in, there will be a confirmation form.
Check your everything carefully and look over the payment schedule to make sure you have selected the right amount and the right term for your loan. Please click on 'Next'. In the next step you will be able to select your payout method Note: Please be aware that this step is only available to users in the SEPA region. Users that select bank account will have their loan automatically disbursed to their bank account.
We recommend this option in order to avoid Bitcoin price fluctuations. The final step of your borrower application will display your loan contract. You will have to sign it digitally. After that you will be able to publish your loan on Bitbond by clicking on 'Submit loan request'. When your loan is funded the auction is over. This helps you to fund your account on time before a payment is due. Contact Us Contact Us. Borrow on Bitbond in 3 steps When you want to borrow on Bitbond you only have to complete 3 steps.
Register as a Bitbond user Registering is the easiest step. Submit your personal and financial details Basically there are a few data input forms. This is how the personal data input form looks like: The last part is your identity video verification.
When you go to a bank you would also need to show your ID. With Bitbond, you simply have to go through a video identification process with a security agent.
In order to do so, you need to have a valid passport or ID for European citizens and drivers license for US citizens. Also, make sure to have a device with good Internet connection and a web camera.
This could be your laptop, tablet or mobile phone. Make sure that your proof of residence document this will typically how to lend and borrow bitcoin with bitbond a utility bill or a mobile phone bill has been issued within the last three months. Once you finished the data input we will conduct the rating, unlock your account and inform you by e-mail.
It seems to work for me no problem whenever I log in. This Ripple chart shows Ripple priced in US Dollars through a feed from Bittrex, an exchange where Ripple can be bought and sold. Monero has also had an amazing run over the past two years since it was forked.
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