While bitcoin loaning platforms sound like other online shared moneylenders, there are key contrasts:

- Bitcoin platforms decide your financial soundness utilizing criteria that contrasts from peer-to-peer platforms that loan in dollars.
- Bitcoin platforms will focus on your online presence, and they frequently couldn't care less about your record of loan repayment or the amount you owe somewhere else.
- Interestingly, distributed plaforms that utilize fiat cash, similar to Canadian dollars, couldn't care less about your identity yet put a ton of weight on your FICO rating and different parts of your monetary history.
- Bitcoin loans are much less regulated than dollar loans. There's almost no underwriting contrasted with dollar peer lenders.

There's likewise at times no plan of action for banks to get compensated if the borrower lives in another nation and defaults. Bitcoin loans tend to default at a considerably higher rate, making them less secure from the investment end.