Bitbond Reviews 344

Excelent service and very helpful customer support. All the process for getting funds was smooth and easy. Pretty good conditions.

Would definitely recommend A+++

The loan was fairly easy to get but my overall experience has NOT been good, actually it's been awful. I definitely wish I had never gotten this loan and do NOT recommend Bitbond.

My biggest problem with this company is their lack of transparency and their complete disregard for my financial information (both personal and business info). When I applied for a loan, they stated that my information was confidential but that it would be shared anonymously with potential investors, within the bitbond site. That sounded fine. The thing is that my information was not kept anonymous at all. Instead, everything that was written up in my "BIO" in addition to my name, my company name and monthly salary....became public information on the internet. They really encourage you to write up as much as possible about yourself in the bio in order to help you get investors...but they never clearly stated that this information would be available for the entire world to see from the moment the loan was published. Had I known that - I would have NEVER applied.

Now a simple google search on me or my company name will be lead to this document of me applying for a loan, stating my monthly income etc. Seriously? I was so upset when I discovered this and contacted them several times because I assumed it was a mistake. They stated that they had a right to post this information because apparently by applying for a loan and signing the terms outlined by the company, they are allowed to publish this information throughout the internet. They were really insensitive about the issue and pretty much said "too bad, you agreed to it by signing...". I asked nicely if they could take down the page and they refused even though it was an expired listing.

I mean, in what way are they benefiting from making my personal information publicly view-able on the internet???? On the flip side, I am being negatively affected in numerous ways by it being posted. Can you imagine if every time you applied for a business loan, the company would announce your application, financials and situation to the world??? I do not think a US company would EVER do this....Is it even legal? Perhaps it's legal because they are a German company?

The fees are fairly high when you combine the loan fee with the amount of money you will spend on top of that to transfer funds to the bitbond account every month to pay your fees. I have to pay my bank a transfer fee, then i have to pay a conversion fee to convert US to bitcoin with coinbase or wyre, and then another transfer fee to get the money to bitbond. About $18 additional a month just to cover a payment that is less than $200.

So.....proceed with caution :(

Update September 20,2018:

I completed my last loan payment last month. I had been contacted by a bitbond employee through trustpilot in June, expressing his desire to help make things right and that he would try to have my listings removed from the internet if i gave him the user ID under which i was doing business with them. Before i had time to respond to him, they (bitbond) filed a report claiming that this was a fraudulent review and claiming that i wasn't even a real bitbond member with real experiences. Trustpilot temporarily removed my review but re-instated it as soon as I provided proof that I did in fact have a loan with bitbond.

I did provide Bitbond with my information so that he could review my situation and hopefully remove the public listings as he said he would. These are expired listings but viewable anywhere online if you just type in my name or my company name. Of course, I have not heard a single word from him to rectify the situation...it's been nearly two months now!!

Update 9/30/2018
I reached out to them again and Chris was only able to de-index the listings which means that just a summary is viewable when running a google search for example, and one has to log in to bitbond to see the complete listing. I'd still like to see the entire thing disappear from google search, could closing my account make this happen?.

I recommend Bitbond with no reservations. It's a compliant company based in Germany. Their procedures are transparent and their due dilligence operations are serious, albeit might look like a hassle.
As I don't live in US or Eurozone, I wish Bitbond offered loans in other currencies. It's hard to manage a loan operation having to deal with currency exchange questions.

Nice and quick, helped my business buy new stock.

I joined Bitbond back in 2017 when I was desperately in need of cash to purchase inventory for my online store on Jumia. Thanks to their partnership with Jumia; I was offered loan of 1000usd.

Tell me one bank that would be willing to offer such amount without a Collateral?

I would highly recommend them to any small business .

I am an Amazon and Ebay seller, and I had the problem I could not grow because I had no cash to invest in inventory. My company is very small, and I passed through finantial difficulties in the past, therefore Banks would refuse to finance my company at the moment, mainly because they do not care about the kind of business I deal with.
Bitbond requested my authorisation to safely review my online sales. and in a few days my credit was authorised and the money available on my account.
In four months my sales boosted a 80% as I have been able to increase the products I sell, and I have the security that once my credit is paid, I will have the possibility to get another loan, with lower interest reates and a much higher amount. Most probably I will not need it, but in any case in case I find it necessary I have the possibility of asking for a new credit in the future.
For me, Bitbond has been a great discovery. Interest rates are high, but they know and understand the online business. It would have been quite hard to get a loan from a traditional bank, mainly because they know nothing about online selling.

Excellent service!

I've got a loan there and everything was clear and honest.

It's a really good and truly global p2p lending platform with fiat tied loans paid out in bitcoin. Over time I've seen a few bugs in financial statements, which is why 4 stars from me.

A very quick and easy way to secure business funding. Small issue with the incoming payment from the loan provider due to excessive transfer or conversion fees though Bitbond sorted it out

Bitbond is an excellent lending site.

We were looking for some lending to increase the quantity stock we could purchase.

After a lot of research we decided to give bitbond a try. The process was simple and well explained and to our total surprise funding was swift. We took a loan for nearly 4K over 12 payments. This money has allowed us to make three times this in extra profit.

One payment left and then we will be back again in September to go again.

Thanks Bitbond.

Simon
footycards.com

Bitbond was a great relief to my start up. Living in Kenya where loan interest rates are inflated, bitbond came through and helped me stabilize my business.

Easy to deal with, with great communications.
Interest rates are good, and repayment dates flexible if you need a day or two.
Overall I would definitely recommend Bitbond to anyone wanting a loan, who have difficulty getting one from banks

Bitbond was easy to use and our business got the funding we needed quickly. Highly recommended!

I live in South Africa where theft and stealing is one of the highest in the world. It is refreshing to be part of the Bitbond community which is based on trust and honesty. I thank Bitbond and its community in assisting me during these hard economic times. Superb... i highly recommend this company. Viva Bitbond Viva

Just love Bitbond! They made it fun and simple to obtain a loan for small businesses. Like no other lender on earth! Thank you Bitbond for making it fun!

My name is Luciano Agostini and I am an entrepreneur here in Brazil in Florianopolis, State of Santa Catarina.
I had my first experience with Bit Bond in April 2017, when I got my first loan.
It was a very positive experience, since the entire process of obtaining credit is rigorous and thus assures you a safe operation.
At the time I got $ 2,000 to pay in 12 installments. I paid all the installments on time.
The resources were used for equipment investment for my bakery.
This year I have easily obtained a second loan, which will be used as working capital.
I am very pleased with the result of my loans with BitBond.
Luciano Agostini

Bitbond is quite ok. the only challenge is the getting funded when you need a loan. the other challenge editing information already entered into the tool

I found Bitbond to be a very useful tool for financing my business, when all the main sources, banks, credit cards, etc wanted to charge the earth because I was a small business and didn't have a regular salary coming in.
Bitbond just had a look at my eBay account and rated my risk factor and interest rate based on that and a couple of questions. Very easy.
It would be a 5 star review, but I find the repayment process, ie buying Bitcoin every month, a bit of a chore.
Having said that, I have 2 more repayments to go and once paid, I wouldn't hesitate to apply to Bitbond for furher finance when/if I need it.

I've been able to grow my businesses using the peer-to-peer funding platform Bitbond which has helped me achieve rapid growth in ways I never would have thought possible!

I have used Bitbond now for years. My loan requests are quickly filled and I have had no issues whatsoever using Bitbond. I would highly recommend them to anyone!!