Biterest is a peer‐to‐peer technology for borrowing and lending money secured with BITCOIN, a new high-quality liquid asset. We help investors to make higher returns while helping bitcoiners to get money without selling BTC. Our aim is to match bitcoiners with investors efficiently.
A loan secured with high-quality liquid asset which can be easily and quickly converted into cash
Compared to a bank deposit, giving out a loan secured with BTC makes a significantly higher return
If the borrower doesn't return money, you will receive Bitcoins. The BTC rate has increased by 900% in this year
Choose a loan that suits your needs according to loan amount, period, annual interest rate and payment options
Loan collateral in BTC is stored using a Multisig-address. No-one can get access to use it during a loan period
If the initial market value of collateral decreases by the discount rate, Margin Call will occur. The loan period will be end
Create an account It only requires an e-mail address. Then choose a loan application from the list. Each application is already secured with collateral. Important to note, the amount of collateral in BTC depends on the discount rate. The higher the discount rate is, the lower the risk of Margin Call will be.
Top-up transaction fee balance to be able to accept selected loan application. The amount of deducted transaction fee is 2.5% of the loan amount. Topping up the transaction fee balance increases the lender's responsibility level.
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.
Payment details and transfer options are indicated in each loan application. Borrowers are responsible for providing correct information. Lenders are responsible for transfering the specified amount in accordance with provided payment options.
After a loan application is accepted, Biterest creates a MultiSig-address using your Public key, your borrower's Public key and own one. The collateral BTC will be stored using that MultiSig-address by the end of the loan.
The borrower repays your loan and interest by the end of the loan period. If the borrower doesn't repay the loan on time, you will become the owner of highly liquid collateral. We will send you the necessary keys to get access to the BTC collateral which is stored using a Multisig-address.