Tom Dumoni is Masternode Buzz' Editor-in-chief. He is always looking for passive income opportunities, and today he is sharing his (non-masternode) experiences with Peer 2 Peer lending platform Mintos. Obviously this is not investment advice and you should always do your own research.

My love for passive income is one of the elements that led me to Masternodes. With interest rates dropping below zero many people are searching for new ways to create passive income and let 'money make money'. While that money might find a way to crypto, it is important to have money invested in less risky assets as well.

In this article I'll be sharing my experiences with Peer-to-Peer lending platform Mintos. Mintos is a European Company, but accepts direct SEPA transfers from Australia, Brazil, Republic of South Africa, Hong Kong, India, Japan, Canada, South Korea, Mexico, Singapore and Switzerland. Recently they have added the ability to invest directly into Russian RUB loans as well.

The idea behind Mintos P2P loans is that you invest a small amount (10-50 euro) per loan in many loans to reduce the risk of a loan default. In case one of those loans will default, Mintos has a BuyBack fund which will reimburse the money + interest. In my opinion this makes the Mintos platform a relatively low risk investment for the amount of interest you will receive (be sure to only invest in loans with BuyBack).

My Experience With Mintos

I've been investing with Mintos over 2 years now, and collected a nice amount of interest. My strategy is to regularly take profits and invest them in other projects. However, if you would choose to leave your profit on the platform you can expect the benefits of compound interest.

How does it work?

Mintos is a marketplace for Loan Originators and Investors. The Loan Originators will use the money they collect through Mintos to lend it to Borrowers.

As explained on their Website:

How it works?
1. Borrowers apply for a loan at the loan originator.
2. The loan originator evaluates the application, sets an interest rate and lends money from its own funds.
3. The loans are then listed on the Mintos marketplace, where you can select loans to invest in, thereafter receiving monthly payments and interest.*

Recently Mintos added the Invest & Access page to their website, making it easy for beginners to start a diversified portfolio, and be able to withdraw your investment as long as loans stay current.

If you want more control over your investments, you can use the Auto Invest module to specify the type of loans, length, interest rates, etc. of your investments.

I have tried other platforms, however Mintos is by far my favorite because the large amount of loans they have and the fact that they are Europe's biggest P2P platform.

Getting Started (Referral Bonus)

I have considered leaving a referral link out of this article, because the referral bonus is not the reason I'm writing this article. However, as you will get the same amount of this bonus when you use the following link, it is mutual beneficial. For example, in the above screenshot, one of my referrals got us both over €100.

The bonus you will receive is between €10 and €1.000 depending on the amount invested on the 14th day of registration. Use this link to register and read more about the bonus system. Even if you decide to use the platform for a short period by investing in 30-day loans, this might be easy money.