Increase Your Credit Limit By Leveraging Existing Trading/Merchant Platforms

You can now increase your credit limit by verifying your income with:

            

These options are a part of a larger set of improvements in the Verification Center:

What Are The Benefits?
Bitcoin has created a whole other financial sector, but this innovation comes with certain paint points: many of our borrowers have had a difficult time verifying their income. Borrowers are now able to leverage their existing trading activity on LocalBitcoins or their merchant activity on Coinbase and eBay. This will allow users to easily prove that they have sufficient income to take much larger loans.

What Are The Requirements?

In order to ensure that there is no abuse of the income verification process, we’ve implemented some very simple restrictions:
  • You must have more than 20 unique transactions in the past 2 months.
  • The transactions must have occurred with more than 20 unique customers.
  • Your account must be more than 3 months old.

Users that fulfill those requirements will be able to immediately verify their income. We automatically pull their transaction history and calculate the yearly income on which we’re going to base the credit limits. It’s a very simple process and it leverages your existing activity on these popular platforms.

 

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