WHAT IS BITEREST?


Biterest is a peer‐to‐peer technology for borrowing and lending money secured with BITCOIN, a new high-quality liquid asset. We help bitcoiners to get money without selling BTC while helping investors to make higher returns. Our aim is to match bitcoiners with investors efficiently. Instead of selling BTC, earn a substantial return because BTC rate appreciation is higher than interest rate on a loan.

  • 900%
  • -
  • 15%
  • =
  • 885%
  • BTC rate
    appreciation
  • average annual
    interest rate
  • your return
    after repaying

WHY DOES EACH BITCOINER NEED
BITEREST?

NO WASTING BITCOINS

Hold the long-term profitable investment in Bitcoins and make a great return in the future

USE BTC AS A COLLATERAL

Instead of selling Bitcoins, get money for your current needs, secured with BTC as collateral

OWN LOAN TERMS

Apply for a loan on your own terms. Set up an amount, a period, an annual interest rate and payment options

EASY AND QUICK

Receive money from a lender within hours of placing a loan application on Biterest

MULTISIG STORAGE

Your BTC collateral is stored using a Multisig-address. No-one can get access to it without your agreement

PROFITABLE REPAYMENT

BTC rate appreciation in 1 year is 8 times higher than the average annual interest rate for a loan

HOW TO GET A LOAN?

STEP 1: SIGN UP

Create an account. It only requires your e-mail address.

STEP 2: APPLY FOR A LOAN

Choose the loan terms: enter the required amount of money and currency, a loan period, an annual interest rate you are ready to pay, and ways you want to receive money from a lender.

STEP 3: CREATE ACCESS KEYS

Create Public and Private keys to get access to the collateral or upload your existing Public key. Keep your Private key until the end of the current loan period.

STEP 4: TRANSFER BITCOINS

Transfer the necessary amount of BTC to the transit address. After that your loan application will appear on Biterest. Until a lender accepts your application, you will be able to refuse your loan application and retrieve your BTC.

STEP 5: GET MONEY FROM A LENDER

Your loan application is accepted by a lender. Biterest creates a MultiSig-address using your Public key, your lender's Public key and own one. Your collateral BTC will be stored using that MultiSig-address by the end of the loan.

STEP 6: REPAY THE LOAN AND RETRIEVE BITCOINS

You have to repay the loan and interest until the end of the loan period. After that you will receive the necessary keys to get access to your BTC collateral which is stored on Mulrisig-address.

What investors are saying about Bitcoin

Mike Novogratz,
Galaxy Investment Partners

“This is not going away. I’m pretty confident to say it’s going higher. It would not surprise if in the next six to 10 months we’re over $10,000.”

Bill Gates,
Co-Founder of Microsoft

“Bitcoin is a technological tour de force. Bitcoin is unstoppable!”

Tim Draper,
Co-Founder of DFJ venture capital firm

“In five years Bitcoin and other cryptocurriences will be so relevant. There will be no reason to have the fiat currencies.”

Eric Schmidt,
CEO Google

“Bitcoin is a remarkable cryptographic achievement in the digital world has enormous value.”

Richard Brenson,
Founder of Virgin Group

“I invested $30 million in BITCOIN Start ups because I believe in its potential!”

Al Gore,
45th Vice President of the USA

“I am a big fan of Bitcoin. The fact that within the Bitcoin universe an algorithm replaces the functions of the government is actually pretty cool.”

FAQ

When creating a loan application, you can choose the preferred currency for you. Biterest allows placing loan applications in more than 60 currencies.
To protect borrowers and lenders from the short-term volatility of BTC, the amount of the collateral in Bitcoins depends on the discount rate. By increasing the discount rate, the amount of Bitcoin collateral required is also. But increasing the discount rate, you reduce the risk of Margin Call. A borrower can modify the discount rate of each loan application by themself. The discount rate can be varied from 1% to 99%. 30% is the recommended discount rate calculated based on a retrospective analysis of the Bitcoin market price charts.
Biterest is a peer-to-peer (P2P) platform which connects two independent users. Biterest doesn't lend or borrow money itself. Your lender will be an investor who is looking to give a loan secured with high-quality asset as Bitcoin.
There are available the following money transfer options: PayPal, QIWI, Webmoney and international bank transfer. The transfer options are defined by you upon placing the loan application. Money transfer fees are covered by the sender of the payment.
The loan period and interest rate are defined by borrowers. These are specified when placing the loan application. Lenders then choose loan applications which match their investment expectations.
Collateral Bitcoins are stored using a Multisig-address which requires at least 2 keys to get access. No-one is able to use them until the end of the loan period. Each of the three users (you, your borrower and Biterest) owns only one neccessary key. After repayment of the loan, you will automatically get keys to the collateral.
If the initial market value of collateral decreases by the discount rate, Margin Call will occur. The loan period will be end and the loan application will close automatically. In this case your collateral will be transferred to the lender and your loan obligation will be terminated.

Read more how biterest works

JOIN OUR HAPPY BORROWERS AND LENDERS

Biterest is free for borrowers