How It Works for Lender

Here are five easy steps to become a lender:

Step 1: Registration and verification

On, the registration process is almost instant. All you need to do is enter your email address and create a password. You can also use your Facebook or Google Account.

Once the registration is complete, you can proceed to verification. requires the following photos or scans:

  • Valid ID
  • Proof of residence
  • Selfie

All photos must be in high quality, with all four angles visible, in color and unobstructed by objects such as fingers or pencils.

Do not forget to enable automatic logouts and 2-step verification to enjoy the highest level of security.

Step 2: Obtaining USDT/BTC wallet address on LendaBit

If you want to become a lender, you must first transfer USDT/BTC to your account.

To do this, you need to get the USDT/BTC address on Here’s how you can easily do it:

  • Log in to your account
  • Click “Wallet” and “Deposit”
  • Choose USDT/BTC and “Get Address”

Now that you have the address, you can use it to transfer USDT/BTC to your wallet.

Step 3: Transferring USDT/BTC to LendaBit wallet

Copy the USDT/BTC address you got from Go to your personal wallet and transfer a certain amount of USDT/BTC to that address. Now it’s time for you to make your first loan deal.

Step 4: Making a loan

As a lender, you can:

  • Lend into the pool of standard loan offers
  • Browse and accept loan requests placed by borrowers
  • Make a loan offer based on your own preferences

Step 5: Receiving interest and principal

Once you strike a loan deal, you can enjoy regular interest payments and complete security provided by cryptocurrency collateral.

You receive the total repayment of your principal before the loan expires. If the borrower defaults on payment, their collateral will land in your wallet.

You can withdraw the principal and interest from to your personal wallet. Just go to “Wallet” and “Withdraw”. Indicate the sum you want to withdraw and your wallet address. To complete the process, click the link in your confirmation email. Always double-check your withdrawal address!

You can choose to exchange USDT/BTC into fiat with our partners, including,,,,, etc. Just create an exchange account, convert into fiat and choose the most comfortable withdrawal option such as a wire transfer or bankcard withdrawal.

Enjoy profitable loan deals and guaranteed safety on – your chosen platform for P2P lending secured by crypto collateral.