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BTCjam P2P Bitcoin Reviews

Ratings based on 7 reviews Last review 1 year ago

BTCjam offer a P2P Bitcoin service. Tell us what you think about them here, and help other potential customers to discover them!

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Your P2P Bitcoin Reviews (7)

29th May 2016

No customer service - suspicious behavior

- Site would not let me update personal information when my situation changed - I could prove the change, but they rejected it. Their refusal to update my information resulted in me having a lower credit rating - which increases the interest rate I...

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- Site would not let me update personal information when my situation changed - I could prove the change, but they rejected it. Their refusal to update my information resulted in me having a lower credit rating - which increases the interest rate I would have to pay.

- Site credit rating algorithm results in inconsistent credit ratings, and inconsistent risk measurements.

- Site blocks my actions when I am in the United States and asks me to re-submit my credentials to prove I am not American (I have been a verified non-American user for a few years).

- Site actively obstructs efforts to collect funds from defaulted borrowers.

- Site refuses to close my account and destroy my personal information - saying they "can not" close the account at this time. THIS IS EXTREMELY IRREGULAR AND SUSPICIOUS BEHAVIOR - WARNING - DO YOU WANT A BRAZILIAN WEBSITE TO HAVE COPIES OF ALL YOUR PERSONAL DOCUMENTS IN PERPETUITY???

18th May 2016

BTCjam has zero comms with borrowers and investors. A swish system but they don't really have the risk management to back up thier algorythym. Fixed interest rates and really restrictive communications policy.

Swish platform, but really I decided to leave when they cut off the entire US market, and had thier database used unlawfully by thier collections partner. Thier subsequent communications were not up the standard of a company that I would invest...

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Swish platform, but really I decided to leave when they cut off the entire US market, and had thier database used unlawfully by thier collections partner. Thier subsequent communications were not up the standard of a company that I would invest substantial funds into.

16th May 2016

Poor customer service, limited geographic footprint tells me this one is on its way out.

I started out in the P2P lending scene with Jam ans was really impressed at first. Mid-stream though they stopped allowing US Users to join, take out loans or invest. I had over 100 investments at this stage and slowly started to watch all US users...

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I started out in the P2P lending scene with Jam ans was really impressed at first. Mid-stream though they stopped allowing US Users to join, take out loans or invest. I had over 100 investments at this stage and slowly started to watch all US users with existing loans start to run...BTCJam has done nothing to help mitigate these extreme losses as a result of their decision. I, as well many other users I am in contact with, will be lucky to break-even on our investments. Stay away from this lending site and research the other ones very carefully before investing.

30th April 2016

No USA allowed yet located in the USA. Suspicious.

This site has recently banned all USA members from anything except paying existing loans off and withdrawing money. The note on the page saying it's a "focus on serving emerging markets" is a lie according to customer support. The real reason is...

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This site has recently banned all USA members from anything except paying existing loans off and withdrawing money. The note on the page saying it's a "focus on serving emerging markets" is a lie according to customer support. The real reason is "unclear legal standings" of bitcoins and "unclear jurisdiction of the blockchain" in the USA. The problem is that as BTCjam is located in the USA they are still under all USA laws even without USA users being allowed. This is super fishy. What are they trying to do? Exploit loopholes? Move things offshore? Bitcoin laundering? Either way it doesn't look like a safe place to put money any more.