Monday, 25 March 2019

Review - Is Lentbitcoin.com crypto lending platform Legit and paying ?

From our research so far on this crypto lending platform,  we can boldly recommend this platform to any crypto holder who has little or no experience on cryptocurrency trading or minning to go into Lending as it does not require any experience before you can earn from your rentouts. also from my experience so far using the platform, there is no risk lending on this platform because all the rented coins are only borrowed to reputable and verified companies mostly who in return payback with interest.

THIS IS HOW LENTBITCOIN.COM RENT-OUT WORKS:

Lentbitcoin RENT-OUT platform works exactly  the same way banks give out loan to well reputable companies or individuals and in return they pay back what we called interest,  on RENT-OUT in this platform, you work as bank by renting out your cryptocurrency and earn the interest from borrowers  payback. You can rent out on this platform with either BITCOIN,  ETHEREUM or BITCOINCASH.

However, the RENT-OUT does not require verification  but BORROWING requires  verification.

This post is mainly for cryptocurrency Lenders who are interested on RENT-OUT in this platform and not for borrowers.
To get started,  first you need to register your account at  https://lentbitcoin.com/register    

Select A Package

Rent Out 3 (BETWEEN)
$1,000,000 - $10,000,000
Duration: 8 months
Verification: Not Required
Type: Rent out 
Earning: weekly
Interest: 70% pay back 
 
Rent Out 2 (BETWEEN)
$100,000 - $999,999
Duration: 4 months
Verification: Not Required
Type: Rent out 
Earning: weekly 
Interest: 50% pay back 
 
Rent Out 1 (BETWEEN)
$100 - $99,999
Duration: 1 months
Verification: Not Required
Type: Rent out 
Earning: weekly 
Interest: 30%  pay back 

1 - After registration,  decide on how much you  wish to rentout (Minimium rent out is $100 while the maximium rentout is $10,000,000). The % you earn depends on how much you rented out. Please check the Packages above and see where the amount you wish to rentout falls on. After deciding on how much to rentout,

2 - Click on RENT-OUT from your dashboard,  select the package you wish to rent on and proceed.  The first package you earn part of the 30% of your rentouts while you earn part of the 50% in the second package and then part of the 70% in third package every week till each package duration month is completed.

3 - On the next page enter the amount you wish to RENT-OUT, select the currency you have to rentout which can be either Bitcoin, ethereum or bitcoincash and then click proceed

4 - The finally stage is where an address to send your payment  will be generated for you.  (Please be very careful on this stage, if you selected bitcoin as your payment method, send only bitcoin to the address generated for you, if you selected bitcoincash as your payment method, send only bitcoincash to the bitcoincash address generated for you  and if you selected ethereum as your payment method, send only ethereum to the ethereum address generated for you). Also on that page, the amount you are to earn weekly (I.e Part of your %) will be converted for you automatically to see how much you will earn weekly with the amount you wanted to rent out and will also show  you for how long or months your total earnings will take to be completed.


5 - The last box is where you submit your transaction  hash after payment.
Transaction hash are generated for you after you send payment from your wallet.  Be it bitcoin,  ethereum or bitcoincash.
If you can't find your transaction  hash,  just enter the exact amount you sent as transaction hash and submit after payment. after submitting, kindly go back to your dashboard and wait for your payment to comfirm. Payment normally takes between 10minutes - 1hour to comfirm, so kindly exercise patience during this period. Once your payment is verified,  you will see the fund reflected in your RENT-OUTS page by clicking RENT-OUTS from menu and it will show SUCCESS. Your rentout  starts counting from that moment till your payout.
You will receive your first pay out every week till the finally week your payouts will be completed.

Please if you have any question on this,  feel free to ask me anytime.

1 comment:

  1. Hi there! I sent 2 of my friends separately to their office address as mentioned in their website but both of them failed to find any such office . Moreover, they kind of given wrong Zip code over chat & refused to mention any land mark near their office! I didn’t at all understand why ?

    ReplyDelete