First of all, it is relevant to mention that Debitum has the desire to be very decentralized. They achieve this by using independent service providers for risk assessment, insurance, debt collection, and more. This way you don’t have to rely on the refer-a-friend program if you don’t know anyone using the platform. You can see the current price of the Debitum Network token on CoinMarketCap.

  1. Of course, we have also made our best assessment of safety on the platform.
  2. With help from auto-invest, we chose to invest in loans with a credit score from A+ to C.
  3. Last but not least, we will give you insight into how we chose to invest, and what our opinion about the platform is.

The reason why Debitum (and many others) have moved from “claim rights in loans” to “asset-backed securities/notes”, were the requirements by the Latvian regulator. Apart from the fact that the platform is now “regulated” in Latvia, there is no significant increase in safety. Investors are still exposed to default risks due to non-performing assets.

Debitum Network ICO:

You can invest in business loans backed by a personal guarantee, collateral, or a buyback guarantee. Since 2018 more than 3,267 active investors earned over €977,000 by investing on Debitum Network. An asset-backed security (ABS) is a financial instrument backed by a pool of loans. Debitum created the ABS to ensure investors a fixed-term, fixed-income instrument.

Additionally, if the loan repayment is late by more than the grace period (which is typically 15 days), you are eligible to receive a penalty rate on top of the interest. A buyback guarantee protects the majority of loans listed on Debitum Network that the loan originator provides. If you want more information about each loan originator, just head to the loan originator section at the footer of the platform and select the company you’re interested in.

If you have read our guide about how not to get scammed by P2P lending platforms, you know that reserving the right to change the T&C without prior notice is a big RED FLAG. Debitum Network clearly debitum token explains that users’ funds are saved on segregated bank accounts. In case the platform goes out of business, you should be able to access their funds as they aren’t connected to the company.

Is there a sign-up bonus for new investors?

In addition, you have to undertake a KYC process and activate your account with two-factor authentication before being able to use your account properly. However, within this incentive program, the maximum bonus any party can receive from a single https://cryptolisting.org/ referral is capped at €1000. For instance, if your referred friend invests €10,000, both you and the friend would get €100 each (1% of €10,000). To get the tax report, simply log in to your account and click “My balance” in the top menu.

What’s our opinion about Debitum Network?

DEB is down -2.10% against Ethereum and down -1.17% against Bitcoin in the last 1 month. The price of Debitum Network in the ICO was $ 0.13 and the token sale ended on Feb 25, 2018. Since then, DEB price decreased 0.00x against US Dollar, decreased 0.00x against Ethereum and decreased 0.00x against Bitcoin.

It’s worth noting that all ABS come with a buyback guarantee, as it was the case in the past with investments in loans. All in all, we have been delighted with what Debitum has to offer, and we certainly found it to be a solid P2P platform. But you will have to keep in mind that while the platform is excellent for business loans, you can’t invest in other types of loans on the platform. Consider using multiple platforms for a broader diversification of your P2P investment portfolio.

Enter your investment amount (min. €50) and confirm your investment action. Debitum Network allows you to view its terms and conditions as well as the assignment agreement before signing up. Those loan companies are handpicked and closely monitored by Debitum Network.

If your goal is to invest long-term with a P2B marketplace that puts your interests first, you will be pleased with Debitum Network. Criteria, as most your goal as a P2B investor should be to invest long-term on Debitum Network. Just navigate to the primary market (“Invest”) via the navigation on the top of the page and select one of the financial instruments. You can view their old financial reports before the acquisition with Factris, here.

Debitum Network Price

Since this is the average return, you can reasonably expect a similar return. New users on Debitum can get a 1% cashback when they invest in asset-backed securities with a term of at least 90 days. One key feature that makes Debitum stand out is its multilingual support. The P2B lending platform is translated into English, German, Russian, Latvian, Spanish, and French. Most loans on the platform are secured with the Debitum buyback guarantee. Before you really dive into this Debitum review, we will remind you that it only reflects our opinion on the platform.

If you do not meet some of the specific requirements, you cannot, for example, withdraw funds from the platform. To be able to invest via Debitum’s platform, it is a requirement that you are at least 18 years old. At the same time, it is a requirement that you have a full and unrestricted legal capacity and that you are able to meet monetary obligations.

Often you’ll need to deposit and invest a certain amount of money to claim your bonus, which is also the case with Debitum Network. The most profound change of risk by implementing this is that you are no longer investing only in one loan at a time but in multiple different loans. Instead, you can only withdraw your money from the platform if you’re at the end of the loan term, you receive early repayment, or if the buyback guarantee kicks in. More experienced investors know that Debitum Network has participated in a Token Generation Event. The funds from this fundraising event were used to build the platform and expand the business.

The main categories for P2P platforms are consumer loans, real estate, and business loans. Compared to a lot of other P2P lending sites, Debitum has a relatively small group of investors connected to its platform. At the time of writing, there are just over 10,400 investors investing via Debitum. While Mintos or Bondora’s Go & Grow offer you excellent liquidity with their Invest and Access or Go & Grow products during normal market conditions, most platforms don’t.