Welcome to CoinLend.ph



Peer to Peer lending of cash secured by Bitcoin Collateral in the Philippines.


For Bitcoiners, if in need of cash, don't sell your precious Bitcoins! You can now get cash and keep on HODLing.
For Lenders, any individual or legal entity can become a lender and grow their investments without any licenses.


I want to apply for a loan I want to invest my money

Recent Loan Opportunities

Action Type Amount Rate (Annual) Period Repayment Collateral ₱ Collateral Date/Time Money Transfer
Borrow Lending ₱ 10,000.00 65% 60 days ₱ 11,068.49 0.08326516 ₱ 17,639.24 Mar 18, 2019 - 08:11 (Cebuana) (LBC)
Lend Borrowing ₱ 30,000.00 65% 90 days ₱ 34,808.22 0.23367160 ₱ 49,501.96 Mar 17, 2019 - 00:23 (GCash)
Lend Borrowing ₱ 10,000.00 130% 90 days ₱ 13,205.48 0.09165800 ₱ 19,417.21 Mar 14, 2019 - 08:33 (LBC)
Borrow Lending ₱ 5,000.00 100% 45 days ₱ 5,616.44 0.03873993 ₱ 8,206.83 Mar 13, 2019 - 08:26 (Cebuana)
Lend Borrowing ₱ 20,000.00 120% 60 days ₱ 23,945.21 0.16881895 ₱ 35,763.31 Mar 12, 2019 - 11:17 (Cebuana) (LBC)

98

Total Registered and Active Users

33

Total Posted Applications
Granted Loan Applications

13

Loans Waiting for Approval

8

Ongoing Loan Activities

5

5

Successfully Completed Loans

About Us

LET US INTRODUCE OURSELVES


First in the Philippines, CoinLend.ph is a borrowing and lending platform with a Peer-to-Peer economy where Bitcoins are used as collateral. We actively bring together Filipino loan seekers who have Bitcoin holdings with third-party lenders.

You may now be able to hold on to or HODL your precious Bitcoins and use them as collateral to get some cash loan.

Any individual or legal entity can become a lender and grow their investments without any licenses.

Get in touch with us, we'll be glad to connect..


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DON'T SELL YOUR BITCOINS! Use It As Loan Collateral!


Bitcoin is proven as one of the most profitable investment instrument today. Selling your Bitcoins today will most probably result in losing investment return on rate appreciation in the future.


Here at Coinlend.ph, you can simply place your loan application on your own terms (amount, period, interest rate, money transfer options (bank transfer, traditional pera padalas, etc)). At the end of the loan period, you may either repay the loan and retrieve your collateral BTC, which hopefully and probably appreciated during the period or just let the lender take ownership of the collateral, essentially selling the collateral.


Just an example, there's an emergency where you really need to have some cash. You don't have cash on hand, you only have Bitcoins but you don't really want to sell your Bitcoins because you truly believe in the technology.

Instead of selling you're Bitcoins, you may borrow money with a reasonable interest rate of 10-15%(you will decide), using your Bitcoins as collateral for the loan. As we all know, BTC rate appreciated significantly more since its inception in 2009. Without selling your Bitcoins today, you may earn lucrative returns in the future.


Let's Start   


"We believe that cryptocurrencies are the future of money. It's like we are in 1977 on the early days of the Internet. It seems like those of us lucky enough to be on this train at this juncture have a once-in-a-lifetime opportunity."

How it Works

1. YOU PLACE A LOAN APPLICATION


When creating loan applications, the Borrower sets the parameters depending on his/her choice (amount, interest rate, period, etc.). Prior to this, we recommend evaluating the parameters of other applications already posted on CoinLend.ph - lenders choose the most profitable applications for themselves.

When placing the loan application, you will be prompted to pay a transaction fee in amount of 150.00 PHP. After settling the fee, your application will automatically be posted on the list of pending loan applications. After a lender accepts your application, you may now secure your loan application with corresponding BTC collateral.


2. LENDER ACCEPTS YOUR LOAN APPLICATION


All lenders guarantee to fulfill their obligations as well by paying a fee of 175.00 PHP upon approving a loan application. After the lender accepts the application, CoinLend.ph will generate a special multisig-address where your collateral (bitcoins) will be stored until the end of the loan period. Each party owns only one Private key for the multisig-address.

At Coinlend.ph, we create multisig addresses that require 2 private keys to authorize a transaction. Both the lender and the borrower will have their own respective private keys as well as us, Coinlend.ph as we act as the mediator. Multisignature (multisig) refers to requiring more than one Private key to authorize a Bitcoin transaction. It guarantees that no one is able to access the collateral owning just one Private key. After the multisig address is generated, you may now then secure the collateral.


3. THE LENDER TRANSFERS THE LOAN AMOUNT TO YOU


You will receive the loan amount directly from the lender by payment option/s indicated in your loan application.

The entire procedure starting from placing loan application until receiving loan amount may take as less as couple hours, depending on how attractive your loan application to lenders, as well as on preferred option of money transfer.


4. YOU REPAY THE LOAN AMOUNT AND INTEREST BY THE END OF LOAN PERIOD


After repayment of the loan, you will automatically repossess the collateral, our access key will be given to you so you now have two keys. Keep in mind that before the loan is repaid, nobody can use your BTC as its securely deposited in special multisig-address.


5. YOU MAY DECIDE NOT TO REPAY THE LOAN, IF IT’S NOT PROFITABLE FOR YOU


If BTC rate have not appreciated or declined, you may decide to refuse repaying the loan. In this case your collateral will be transferred to the lender and your loan obligation will be terminated.


6. NO WORRIES EVEN IF BTC RATE DROPS


The lender will repossess the collateral BTC and will recover the loan amount by selling BTC on the market. If necessary, CoinLend.ph can assist the lender in liquidating collateral position.


REVIEW THE FULL COINLEND.PH MECHANISM IN DETAILS

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Helpful Articles

Easy Guide on How to Create and Post a Loan Application on CoinLend.ph

Don't sell your precious Bitcoins! You can now get cash and keep on HODLing.

How to Create and Post a Loan Application on CoinLend.ph

February 10, 2019

As we all know, Bitcoin is proven as one of the most profitable investment instrument out there. Selling your Bitcoins today will most probably result in losing investment return on rate appreciation in the future. Good news for all Filipino Bitcoiners out there! If in need of cash, you may now..

Read more
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Easy Guide on How to Create and Post an Investment on CoinLend.ph

Any individual or legal entity can become a lender and grow their investments without any licenses.

How to Create and Post an Investment on CoinLend.ph

February 10, 2019

With CoinLend.ph, any individual or legal entity can become a lender and grow their investments without any licenses. Lenders can also be able to lend on Coinlend.ph by creating and posting an investment and not just by choosing from Loan Applications posted by Borrowers..

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FAQ

To protect lenders from short-term volatility of BTC, we apply loan to value ratio of 70%. In other words, the amount of collateral BTC should be 30% higher than total amount of loan and interest due, based on BTC rate on the moment of placing loan application.

30% ratio is determined based on retrospective analysis of BTC rate fluctuations. 30% higher value of collateral is mutually beneficial for both lenders and borrowers. BTC rate is constantly appreciating, but the rate might be affected by sharp short-term fluctuations. Applying loan to value of 70% (30% higher value of the collateral over loan and due interest amount) guarantees stability of the transaction for both lenders and borrowers.

Loan period and interest rate are defined by borrowers when placing loan applications. Lenders can choose loan applications matching their investment expectations.

When creating a loan application, the Borrower chooses a suitable way to receive money. The following options are available: Cebuana Pera Padala, BDO Bank Transfer and Globe GCash. All possible fees for transferring money has to be paid by the sending party.

Multisignature (multisig) refers to requiring more than one Private key to authorize a Bitcoin transaction. It guarantees that no one is able to access the collateral owning just one Private key. At Coinlend.ph, we create multisig addresses that require 2 private keys to authorize a transaction. During the process, both the lender and the borrower will have their own respective private keys as well as us, Coinlend.ph as we act as the mediator.

Loan period and interest rate are defined by borrowers when placing loan applications. Lenders can choose loan applications matching their investment expectations.

mount of collateral is based on market value of Bitcoin at the moment of publishing loan application, discounted for 30%. You can change the discount rate of the collateral value.

When borrowers are setting up the loan terms, they specify the discounted collateral value. The discount can be selected from 1% to 99%. It influences the final collateral value. The higher the discount is, the bigger the amount of collateral will be.

Borrowers set the discount at their own discretion. The choice depends on their needs:

a) Save bitcoins for the future and get money - this way implies setting a high discount;
b) Be ready to sell bitcoin but keep hopes alive for a rapid growth of BTC - it is enough to set a low discount.

If you ever apply for a bank loan, you come across the fact that banks also evaluate collateral with the discount. It depends on the liquidity level of an object of collateral. It is common practice for banks to issue a loan amount twice lower than the market collateral value. If the borrower does not return money, the bank will get enough money to cover the loan amount and interest payments after selling the collateral.

On CoinLend.ph the discount provides the equity in a relationship between a borrower and a lender. The borrower expects to increase his income, that's why he keeps holding bitcoins. The lender as well as investor looks forward to getting the profit from his free cash. If BTC price decreases, the collateral value decreases too. To prevent negative consequences from the BTC price corrections, Biterest provides Margin call. When it occurs, a loan period is automatically stopped, and the borrower’s debt will be repaid by the collateral.

Margin call is the situation when the initial market value of the collateral decreases by the discount rate which was specified in the loan application. In this situation the loan application is automatically closed and the keys will be given to the party that deserves it. The risk of Margin Call mostly depends on the the discount. Margin Call occurs, when the current market value of collateral is lower than its initial market value by the certain amount depended on the discount. The bigger the discount is set by a borrower, the lower the risk of Margin Call will be. Also, the collateral value of Margin Call is always equal to the amount of a borrower's repayment to a lender. The current collateral value and the value of Margin Call are available on the page of a certain loan application

Option for money transfer / receipt depends on your preferences, amount of commission and legal restrictions in the Philippines.

Please note, that regardless of selected money transfer option, third parties can charge commission for transfer of money. Commission must be covered by the party sending money. Check cost of transfer before sending money.

We only save your Public key, which is used for setting-up multisig-address, to which we transfer collateral BTC after loan application is accepted by a Creditor. Private keys are not saved by us.

Here are some:

1. Save it on USB sticks (at least two) and keep those USBs in a safe place.
2. Print it or write it manually on a sheet of paper and keep it in a safe place.
3. No need to get paranoid though. Don't complicate life more than you have to.

Dispute Resolution is appeal to Coinlend.ph administration for proceedings in cases where there is a suspicion that one of the parties to a loan transaction is not in compliance with its obligations. Dispute Resolution reviews the claim, request necessary documentation and makes a decision on dispute.

Possibility to appeal to Dispute Resolution is open for the Borrower since receipt of a notice of executed money transfer by the Lender. For the Lender possibility to appeal to Dispute Resolution is opened at the stage of the loan repayment by the Borrower. Prompt response to any requests of Dispute Resolution is a must for both parties of the transaction.

The dispute will be solved via emails whereas both parties will get their respective chances to explain and present evidences as we, Coinlend.ph will act as the mediator.