In this post we are going to discuss how to easily transfer money to Mintos, and in general to any peer to peer platform at no cost.
This part can be complicated and intimidating, just because traditional banks are very expensive when it comes to international transfers.
Can you imagine paying 15 EUR (the minimum fee) for every single transfer? You’ve got it right, is not a joke. That’s exactly how much money I have to pay! Crazy, right?
That alone is a deal breaker for most people who are trying to invest in P2P. Diversification among platforms is really important so you need to find ways to cut down on fees.
There is so much debate around how safe is peer to peer lending with advocates on both sides. People either say is just crap and shady or that there is nothing to worry about, while others don’t even think about risks when making their first investment, being “brainwashed” by the high returns.
Let me tell you a story about the ones that are totally ignoring risks.
Last year, in November, I was doing my first presentation on peer to peer lending (and actually my first presentation in the front of a large audience – pretty scary stuff!). After the presentation, a few from the public approached me to share their experiences with P2P and ask me a few extra questions.
Guess what happened?
Hello there, and welcome!
As I was saying above, this is the first blog post of a series where I am going to share my experience with investing in peer to peer lending, and the focus will be on European platforms.
If you already have good knowledge of what peer to peer lending is, then it will probably save you time skipping this post, and wait for the next one, where I will dive deep in the subject, as I am going to start talking about platforms, give you great tips, share strategies, and you know, all the goodies. Otherwise, carry on the reading.
I have started to invest in peer to peer lending in September 2017, and it has been a fun ride since then. I have had successes and also failures, I’ve made good money, but I have also lost some of them (not a lot, but a loss is a loss).