How it Works

You place a loan application

When creating your loan application, the Borrower set the parameters at its choice (amount, interest rate, period, etc.). We recommend evaluating the parameters of other applications already placed on CoinLend.ph - lenders choose the most profitable applications for themselves.

When placing the loan application, you need to pay a transaction fee in amount of 1% of the loan amount depending on the loan period. After payment, your application will be automatically posted on the list of pending loan applications. You may now secure your loan application with corresponding BTC collateral or later after a lender accepts your application. Keep in mind that loan applications with secured collaterals are more attractive for creditors.

Lender accepts your loan application

All creditors guarantee to fulfill their obligations for the accepted applications. 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. 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.

The lender transfers the loan amount to you

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

The entire procedure starting from placing loan application till 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.

Simple and Effortless

Manage your money anytime and in any place. Create an account and then you can now start applying or granting a loan. Find good deals effortlessly.

Safe & Secure

We take careful measures to ensure that your coins are as safe as possible. Multisignature address guarantees that no one is able to access the collateral owning just one Private key..

Profitable

Borrowers can borrow money quickly and conveniently. Any individual or legal entity can become a lender and grow their investments without any licenses. Easy, fast and very profitable.

Reliable

Expected return on long-term BTC rate appreciation is higher than interest rate on loans. You may use borrowed money and benefit from BTC rate appreciation.

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What's Next?

You repay the loan amount and interest by the end of loan period

After repayment of the loan, you will automatically repossess the collateral. Before the loan is repaid, nobody can use your BTC as its securely deposited in special multisig-address.

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.

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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Let us introdduce ourselves

About CoinLend.ph

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.

Let's Start
What actually is

Cryptocurrency

Don't Sell Your Bitcoins!

Use Bitcoin as loan collateral


Bitcoin is uniquely profitable investment instrument in modern world. Selling your bitcoin today will result in losing investment return on rate appreciation in the future.

You can place your loan application on your own terms (amount, period, interest rate, payment options (bank transfer, other electronic channels). At the end of the loan period, you may either repay the loan and retrieve your collateral BTC, appreciated during the period or let the lender take ownership of the collateral, essentially selling the collateral.

Simple example. You have decided to buy a car. Your BTC appreciated high enough, so you could finance car purchase by selling the BTC.

Instead of selling you BTC, you may borrow money with reasonable interest rate of 10-15% pa, using your BTC as collateral for the loan. Evidently, BTC rate appreciated significantly more during the last year (in fact, over 250%). Without selling your BTC, you may earn a substantial return, probably even enough for the second car.


"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."

Try it out
FAQs

Frequently Asked Questions

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.
Contact Us

Get in touch!

  • Address

    Nueva Ecija, Philippines

  • Phone

    +63 977 314 1003

  • Email

    admin@coinlend.ph