Bank Of Community Reviews on BTCJam-Bitcoin loans and investments



BTCJam was founded in 2013 by Celso Pitta and is based in San Francisco, CA. It has facilitated $10.5 million in loans, which is below the average amount for most p2p lending platforms.

Are you agree on this? BTCJam has gained tremendous publicity among the bitcoin and cryptocoin community.BTCJam as a promising crowdfunding website for bitcoin. BTCJam offers users to loan, invest, and trade bought loans, which gives users a chance to sell loans they believe are going to default in a stop-loss type mechanism.


Loan Details

Loan Terms
Under 6 Months
6 Months
9 Months
12 Months
Loan Range$1 – $35,000
Types of Loans OfferedMiscellaneous

How To Qualify The Good From The Scams? Any Scam Alerts System?

The first step with BTCJam is to slowly make deposits, and to gradually invest in a variety. We recommend starting small, since btcjam loans occasionally default. One must keep track of patterns in investors. You have to understand this list of requirements for loans on BTCJam, most believe you should lend to those with the highest credit rating, but that isn’t always true. BTCJam offers no insurance on loans, so when a loan defaults, your bitcoin is gone.

Lender Information

Requirements for Lenders

Minimum Age18 years old

Risk Grades


Lender Account Management

  • Individual Note Search: lenders can search and filter through a listing of all the loans that are available on the platform.
  • Secondary Marketplace: lenders can purchase undervalued loans or sell loans that seem unhealthy in an online marketplace of lenders.

How to Look For Quality Loans On BTCJam:

  1. Pay Attention to Lending History of the Borrower’s Account:  How to identify the tactic of scammers or fraudsters? The loan pattern borrowers take is one major indicator. If the borrower just taking a smaller amount of loans and they start to borrow a large sum of loans. They just want to use the bigger loan to pay back the smaller loan. This is a obvious red flag.
  2. BTCJam Can Be a Risky Proposition : The  Lend to borrowers using bitcoin. Even though they implement the credit scores of the candidate, however, the lender shall assume a certain amount of risk.
  3. Hypothesize the Feasibility of the Loan: Example: Would you lend a stranger $100 if they said they’d give you $110 in a week? Chances are you wouldn’t lend them the money. This is how many loans sound, unbelievable. Use common sense investing and play it safe, high returns are most likely going to default.
  4. People Don’t Make Bitcoin Cloud Mining – Stay Away
    Cloud mining was a great promise at one point, bringing mining to the masses on any scale, currently it is something that will lose you money quickly. Many investors ask money for cloud mining, which is rarely profitable, especially in the short run.


BTCJam seems like a solid option for people who have Bitcoins saving in hand but don’t know how to generate profit. This is also good for people who are willing to take calculated risks on their Bitcoins for higher rewards. Personally I’ll continue using this site following the principles I’ve described and will update you as things evolve. If you have your own experience with BTCJam I’d appreciate if you’d share it in the comment section below.

IMPORTANT: What’s written in this post is my own personal advice based on my experience. I’m no investment expert or guru and you should take everything you read here with a grain of salt. Investing money is a risky business and in the end you’re the only one reponsible for managing your capital. This post is my personal opinion, nothing more.