Black Friday Promotion! 75% OFF BitLendingClub Fees

Black Friday, the annual shopping craze that takes place the day after Thanksgiving, is for the first time coming to BitLendingClub! This means you can get special discounts on creating and starting a loan today. We have decided to cut the fee by 75% for all loans.

Our special fee of 0.5% applies to all loans created today! This Promotion starts on Friday, November 28, 2014, at 00:00:01 CST and ends at 23:59:59 CST



Happy holidays, and enjoy the savings!

Best regards,

The BitLendingClub Team

You Spoke. We Listened.

Today we’re pleased to introduce some new design improvements and system capabilities in our platform.  As you saw last month, we continue to listen to your feedback and to focus on your top requested enhancements that make your BitLendingClub experience even better. 

New Tipping Design 

Since there have been numerous complaints about the tipped loans, we decided to come up with an alternative design.  We hope you will find the new style much more simple, unobtrusive and less distracting.


The entire idea will remain just the same – on the home page the first three listings are the ones with the largest tipping amount. The rest five loans are still sorted by votes. Once you click on a tipping icon you are able to review the tips the loan collected.


QR Code deposit address

With the integration of QR Code (abbreviated from Quick Response Code) deposit address we would like to offer you an easy way to add some funds to your BitLendingClub account using your phone’s camera, saving you from typing lengthy addresses into your mobile browser. To make use of the new feature, you need to go to the dashboard of your account and click on the “Add funds” button.


Then a field with a QR code will show up.  In order to proceed you’ll need to install an app on your mobile device that can read QR codes. Get your phone and open the app you have downloaded. Do your best to steady your hand while the QR code is centered on the screen. As soon as you scan the code your bitcoin address will appear on your phone screen.

Note: You still have the ability to send funds in the old way, typing the provided bitcoin address by yourself.


Don’t forget to visit the BitLendingClub Community if you have any questions. And as always, find us on Facebook and Twitter to get the latest updates and share your thoughts. We look forward to hearing from you at as well!

BitLendingClub’s Latest Updates

We would like to announce the latest release of BitLendingClub. Please take a moment to familiarize yourself with the updates.

We have added Ardeva to the trusted website connections. We’ve joined forces to provide you with more detailed information about the borrower identity and more secured investments.

ardeva logo

Here are the steps you need to follow in order to connect your Ardeva and BitLendingClub accounts.

First, go to the Trusted websites page of your account. You will notice the new Ardeva logo added to the list.

step 1

Once you click on the “Add” button, the system will transfer you to the Ardeva’s login page.  Here you will be able to create a brand new Ardeva account or to use an already existing one.

step 2

Right after you are logged in, BitLendingClub will require an access to your public information you have on file with Ardeva.

Step 3

As soon as we receive a permission to connect, your Ardeva account will appear as verified next to the other trusted websites.

Step 4


We’ve made some big improvements to our captcha (word verification) feature. 

Here is a screenshot of the old captcha implemented on our site:

old captcha 

On the next screenshot, you could make a comparison with the new reCAPTCHA. reCAPTCHA doesn’t depend solely on text distortions to separate man from machines. Rather it uses advanced risk analysis techniques, considering the user’s entire engagement with the CAPTCHA, and evaluates a broad range of cues that distinguish humans from bots.


The new CAPTCHA benefits:

  • Refresh button – You could get a brand new captcha code without refreshing the page
  •  Audio captcha button – For the visually impaired, reCAPTCHA provides an audio captcha option. Your legitimate users will find our regular audio  captchas easy to solve. Bots on the other hand will get a much harder audio  captcha designed to block them.
  • Help button – You could find answers to the most frequently asked questions.

As always, if you have any questions, you are welcome to contact BitLendigClub Customer Service at or We will be happy to help.

We really appreciate the time and patience of everybody involved with BitLendingClub and we’ll continue our work on improving the lending platform and providing you with more secure investments and loans. Thank you for being part of the BitLendingclub community — we hope you enjoy it!

Improving Quality & Lowering Costs!

Lower fees
After some long discussions and review, BitLendingClub decided to cut the fee by half for loans with amount greater than 10 BTC in an effort to lower the costs for borrowers. 

The interest rate is changed depending on the loan amount. Our new fees are as follows:

• Loans with amount up to 9.99999999 BTC are charged 2% BitLendingClub fee.

loan under 10blc

• Loans with amount greater than or equal to 10 BTC are charged 1% BitLendingClub fee.

loan 10 btc

The fee is still collected from the borrower when each payment is posted. This change applies only to the new loans. The new fee structure is immediately available. This means savings for you, our customers!

Quick and easy payment

The latest update also includes some minor but useful improvement that you’d love to  find.  

When you  review your calendar and click on an entry  which is a payment that you are supposed to make, then the “Make a payment” window will be shown. 


In this way you do not need to go back through pages and pages but you could cover your dues quick and easy with only 1 click. 

make a payment

Voilà! Your payment has been successfully processed!

make payment 3

We really appreciate the time and patience of everybody involved with BitLendingClub and we’ll continue our work on improving the lending platform and providing you with more secure investments and loans. Thank you for being part of the BitLendingclub community — we hope you enjoy it!

Best regards,

The BitLendingClub Team

System Improvements Offer Expanded Capabilities

System Improvements Offer Expanded Capabilities

We are very excited to have finally launched our improved site after weeks of development. This release brings some cool new features for the unimpeded usage of your account and increasing its abilities, as well as important updates related to security. Below is a short description of some of the bigger changes you will notice.

Merchant Loans

So far it was impossible for you to operate with your account if you have a merchant integrated loan and naturally our goal was to make it easier to distinguish funds available for investing (or withdrawing) from funds which are from merchant integrated loans. And we made it! From now the imposed restriction will be waived – your account will remain at your disposal and you will be able to borrow and invest even if you have a merchant loan. As an addition you get the freedom to have two or more merchant loans at once.


2FA Improvеments

For your convenience you can provide a second number for a fallback device. A backup SMS number can get you back in to your account if you ever need to log in and your phone is misplaced, broken, lost, or stolen.

Here are the steps you need to follow in order to add your backup number: 


Step 1:  You could choose between the options you are given – to use your existing phone number or to add an alternative one. 


Step 2:  You need to fill out the code that has been sent as an SMS to your new device. 


Step 3:  Finally, you need to add your current two-factor authentication code. 


 Congratulations! You have successfully updated your secondary authentication device!


Note: To better protect your account, we encourage all users to set Two-factor authentication on their account.



Along with the current release we introduce a brand new hottest feature called “Tipping”. From now you will have the ability to tip a loan. This way you could easily add more weight on a loan in the listing in order for it to be shown on first places. Make sure no one misses your loan!


If you are a borrower or an investor and you want a specific loan to be shown on the home page and to be funded quickly, you are now allowed not only to vote for it but also to tip it. If your loan is good, it will be funded even if it’s not on the home page and the opposite if a loan is bad, it won’t be funded even being on the home page. 

Note: On the invest page the loans are still sorted by votes. Only on the home page you have 3 loans with a little different background and a badge which are above any other loans and are sorted by tips. 

Reputation Loan

To prevent abuse of the reputation system, we enforced a restriction of the number of reputation loans a user can make. Borrower is allowed to make only one reputation loan ever. You are able to built a reputation and become a trustful member of our community using the other types of loans.

Miscellaneous improvements and bug fixes

One of our new-release improvements is the “Update” button added on the “Details” page of your personal information.


Thank you all so much for your incredible support!

Do not forget to share your thought with us! Send us a tweet to @BitLendingClub or contact us at
We’ll continue our work on improving the lending platform and providing you with more secure investments and loans. Thank you for being part of the BitLendingclub community — we hope you enjoy it!


Best regards,

The BitLendingClub Team