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How to Choose Your First P2P Platform

<article>
<section>
<h2>Choosing Your First P2P Platform</h2>
<p>Decided to invest in P2P loans and wondering which platform you should use?</p>
<p>You&rsquo;ve come to the right place! Here at P2P Empire, you&rsquo;ll learn all you need to know when choosing your first P2P lending platform.</p>
<p>We&rsquo;ve invested in P2P lending since 2017 and tested dozens of P2P platforms. In this post, we&rsquo;ll teach <strong>how you choose your first P2P platform to start earning money online</strong>.</p>
<p><strong>Let&rsquo;s jump straight into it.</strong></p>
<p>When choosing your first P2P lending site, you want to pick a reliable P2P platform that fulfills the following criteria:</p>
<div class="checklist-box">
<ul>
<li><a href="#track-record">Track record of at least three years</a></li>
<li><a href="#availability">Large availability of safe investments with high returns</a></li>
<li><a href="#transparency">Transparent and comprehensive terms and conditions</a></li>
<li><a href="#liquidity">Fast access to your investments</a></li>
<li><a href="#usability">User-friendly interface with auto investment tool</a></li>
</ul>
</div>
<h3>Why is Fulfilling the Above Criteria So Important?</h3>
<p>If you&rsquo;re just starting out with P2P lending, your first experience will define your long-term P2P lending strategy, which is why we want to make sure it&rsquo;s a good one.</p>
<p>With our strategy, you&rsquo;ll earn at least 10% interest per year from P2P lending.</p>
<p><mark>Keep reading to find out exactly how you should choose your first P2P lending platform.</mark></p>
</section>
<section>
<h2 id="track-record">Solid Track Record</h2>
<p>Don&rsquo;t invest your money on a P2P lending site that has recently launched; these lack transparency and you might end up losing your money.</p>
<p>Instead, look at the platform&rsquo;s statistics and check the following:</p>
<ul>
<li>When was the platform launched?</li>
<li>How much money have other investors earned?</li>
<li>How many loans have been funded?</li>
<li>How many investors are currently active on the platform?</li>
<li>What&rsquo;s the platform&rsquo;s average portfolio size?</li>
<li>What&rsquo;s the platform&rsquo;s financial performance like?</li>
</ul>
<p>All of our P2P lending reviews have a dedicated section revealing platforms&rsquo; statistics.</p>
<p><strong>So, what does a good platform&rsquo;s stats look like?</strong></p>
<p>A good platform will:</p>
<div class="checklist-box">
<ul>
<li>Have been operating for at least three years</li>
<li>Have paid out more than &euro;1M to investors</li>
<li>Have funded more than &euro;100M worth of loans</li>
<li>Have more than 10,000 active investors</li>
<li>Be profitable</li>
</ul>
</div>
<p>Keep this checklist in mind when choosing your P2P platform. Your goal is to make money and a platform with this <strong>kind of track record</strong> will more likely help you reach that goal.</p>
</section>
<section>
<h2 id="availability">Large Availability of Safe Investments with High Returns</h2>
<p>You want to invest in loans that will be paid back with high interest, right?</p>
<p><strong>We certainly hope so.</strong></p>
<p>So, how do you ensure this happens?</p>
<p>You&rsquo;ll need to analyze the risk and returns on every platform. Luckily, we have done this for you and you can learn more about this in our individual <a href="../../en/review">P2P lending reviews</a>.</p>
<p>What you want to do is understand the protection of your investments.</p>
<p>Is the P2P platform able to communicate this in a comprehensive way? If so, this is a good sign.</p>
<p><mark>It&rsquo;s not easy to evaluate the risks if you&rsquo;re just starting out, which is why you should also study our guide to safely investing on P2P platforms.</mark></p>
<p>Making investments is one thing, but being able to make investments in safe loans is another entirely.</p>
<p>What we mean by this is that the P2P platform needs to <strong>provide you with enough investment opportunities</strong>&nbsp;in order for you to make money. We refer to this as the &lsquo;availability of loans&rsquo;.</p>
<p><strong>The greater number of loans a P2P lending platform offers, the better.</strong></p>
<p>Why? Because your goal is to keep your money invested all the time, and the more loans available, the greater the chance of this happening.</p>
<p>You can check the number of loans a platform has by looking at the primary market. Most P2P platforms show you how many loans are available before you even sign up and create an investor account.</p>
<div class="tips-box"><br>
<p>Keep in mind that you have a sufficient amount to invest. Doing all the research isn't in your interest if you are investing just a small investment amount. If you are not ready to invest a larger sum of money or it's simply not in your budget, you should <a href="https://crystalsonly.com/crystals-for-money/" target="_blank" rel="noopener noreferrer">first save up some money</a> before starting your P2P journey.</p>
<p>&nbsp;</p>
</div>
</section>
<section>
<h2 id="transparency">Transparent and Fair Terms &amp; Conditions</h2>
<p>When starting out with P2P lending, you&rsquo;ll always be asked to accept the platform&rsquo;s terms and conditions.</p>
<p>We know what you&rsquo;re thinking... Who actually reads these? Well, 99% of investors don&rsquo;t.</p>
<p>But, we do! And do you want to know why? Because these documents are crucial when it comes to understanding and evaluating the risk of our investments.</p>
<p><strong>Would you like to invest on a platform that can change its terms and conditions anytime without informing you?</strong></p>
<p>We didn&rsquo;t think so&hellip;</p>
<p>Believe it or not, a lot of terms and conditions have a clause that says they&rsquo;re able to do that, and needless to say, this can have a negative impact on your investments.</p>
<p><mark>We recommend reading the terms and conditions fully, but if you don&rsquo;t want to read the entire document, have a quick overview of the fine print in our due diligence section that we have included in all of our P2P lending reviews.</mark></p>
<p>Your goals should be to invest money on a P2P platform that puts your interest first and protects your money.</p>
<center>⚠️ <a href="../../en/p2p-lending-mistakes">Avoid these 6 P2P Lending Mistakes</a></center></section>
<section>
<p>&nbsp;</p>
<center>
<div class="video"><iframe src="https://www.youtube-nocookie.com/embed/J-e7nNVm8O4" frameborder="0"></iframe></div>
</center></section>
<section>
<h2 id="liquidity">Fast Access to Your Money</h2>
<p>As a beginner investing in P2P loans, you need to gain experience and build trust with your chosen P2P platform.You might even find yourself checking your investment account every day to make sure the money is still there.</p>
<p>We feel you. We have also done that at the beginning of our P2P lending career. But, eventually, you will become more comfortable with P2P lending.</p>
<p>No matter how cautious you&rsquo;re feeling, we recommend you start investing on a P2P platform that allows you to withdraw your money in case you decide that P2P lending isn&rsquo;t for you.</p>
<p>Suitable platforms that offer investments in short-term loans are <a href="../../en/review/peerberry">PeerBerry</a>, <a href="../../en/review/robocash">Robocash</a>, VIAINVEST or TWINO.</p>
<p><mark>Read our <a href="../../en/review/twino">TWINO review</a> and <a href="../../en/review/viainvest">VIAINVEST review</a> to learn more about these P2P lending sites.</mark></p>
<p>If you decide at any point that you want to withdraw your money, you can do so within 30 days with no additional cost. That&rsquo;s the benefit of investing in microloans: the loan term is typically very short, which means your investments are more accessible.</p>
</section>
<section class="info-box">
<h3>New to P2P Lending?</h3>
<p>Fast track your knowledge in P2P lending with our P2P lending glossary and spot early red flags with our due diligence checklist workbook.</p>
<img src="https://p2pgallery.s3.eu-central-1.amazonaws.com/d_package.webp" border="0" alt="package" loading="lazy">
<p class="question">Become a more educated P2P investor!</p>
<button class="redirect external_link_button promo" value="package">Get The Full Package</button></section>
<section>
<h2 id="usability">User-Friendly Platform</h2>
<p>You want to make money and not to study the functionality of complex investment tools, right?</p>
<p>That&rsquo;s why you should choose a P2P platform that&rsquo;s very easy to use while keeping all the above-mentioned criteria in mind.</p>
<p>When looking for good user experience, check for the following:</p>
<div class="checklist-box">
<ul>
<li>Easy sign-up</li>
<li>Fast verification</li>
<li>Fast deposits</li>
<li>Intuitive auto invest that allows you to invest your money fast</li>
</ul>
</div>
<p><strong>Wondering whether there&rsquo;s a platform that fits every criteria in the list above?</strong></p>
<p>PeerBerry does!</p>
</section>
<h2>Why PeerBerry Should be Your First P2P Platform</h2>
<p>We have been investing on PeerBerry for more than two years. The P2P platform lists loans from established loan originators with healthy financial reports - meaning they are profitable.</p>
<p>All of your investments are protected by the <a href="../../en/p2p-lending-with-buyback-guarantee">buyback guarantee</a> as well as the additional group guarantee.</p>
<p>There are always plenty of investments available and you can access most of your funds within one month.</p>
<p>PeerBerry is also one of the few platforms that publish weekly news updates about the performance of their lending companies.</p>
<p>You can also automate your investments with the auto invest in just one minute.</p>
<p>PeerBerry is one of the most reliable platforms in 2021 and a great option if you&rsquo;re just <a href="../../en/p2p-lending">starting out with P2P lending</a>.</p>
<img src="https://p2pgallery.s3.eu-central-1.amazonaws.com/peerberry-review.webp" border="0" alt="peerberry review" loading="lazy"><center>Click here to read our <a href="../../en/review/peerberry">PeerBerry review</a>.</center>
<p><strong>Here&rsquo;s what you get by investing on PeerBerry:</strong></p>
<div class="checklist-box">
<ul>
<li>The platform offers investments in loans from established loan companies</li>
<li>All investments are protected by a buyback guarantee</li>
<li>You&rsquo;ll have fast access to your money</li>
<li>High availability of loans</li>
<li>Regular reporting and monitoring of the loan performance</li>
<li>Functional and intuitive auto invest</li>
</ul>
</div>
<p>These are also reasons why we have currently have more than &euro;10,000 invested on PeerBerry.</p>
<p class="question">Are you ready to join us and start <a href="https://p2pempire.com/en/how-to-make-money-online">earning money online</a>?</p>
<button class="redirect external_link_button promo" value="peerberry">Earn Interst on PeerBerry</button>
<p class="question">By signing up with our link you'll receive additional <a href="../../en/cashback-bonus">cashback bonus</a> of 0.5%</p>
<p>While PeerBerry is an excellent platform, the high demand from investors and low supply of loans has caused cash drag, making it tough to invest the deposited funds. Many investors are therefore looking for suitable <a href="https://p2pempire.com/en/peerberry-alternatives">PeerBerry alternatives</a> such as the <a href="https://p2pempire.com/en/review/income">Income Marketplace</a>, <a href="https://p2pempire.com/en/review/fintown">Fintown</a> or <a href="https://p2pempire.com/en/review/lande">LANDE</a>.&nbsp;</p>
</article>

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Ready to earn money with P2P lending but don't know where to start? ✅ Learn exactly how to choose your first P2P lending platform in our step by step guide.

How To Choose Your First P2P Lending Platform

Decided to invest in P2P loans and are wondering which platform you should use? We've got you covered!

How to Choose Your First P2P Lending Platform

How to Choose Your First P2P Platform

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