{"id":396,"date":"2021-01-25T09:59:39","date_gmt":"2021-01-25T07:59:39","guid":{"rendered":"https:\/\/swaper.com\/blog\/?p=396"},"modified":"2022-03-15T10:23:14","modified_gmt":"2022-03-15T08:23:14","slug":"choose-p2p-platform","status":"publish","type":"post","link":"https:\/\/swaper.com\/blog\/en\/choose-p2p-platform\/","title":{"rendered":"5 Tips For Choosing The Right P2P Platform"},"content":{"rendered":"

With so many P2P platforms to choose from, how can you make sure you choose the best one?<\/p>\n

There are quite a few things you want to look out for when picking a P2P platform, and it\u2019s always best to do a bit of research before registering an account – yes, even for ourselves at Swaper.<\/p>\n

Here are 5 tips to consider when choosing a P2P platform.<\/p>\n

1. Experience<\/h2>\n

The first thing to look up is the background of the founders of the P2P lending<\/a> platform.<\/p>\n

Ideally, the founders have some sort of experience in the banking, investing and credit world. This means they come with relevant experience, credentials and authority, and aren\u2019t just new to the world of online lending. Head over to the about section<\/a> of the P2P website to learn as much as you can about the founders.<\/p>\n

In Swaper\u2019s case, our CEO has over 10 years of experience in finance, gaming and cryptocurrencies, and our product owner has worked in both the Fintech and investment banking industry.<\/p>\n

2. History and track record<\/h2>\n

The older and more established the P2P platform, the better. A proven track record means the company has a working business model. The top platforms have usually been operating for at least 3 years, paid out at least \u20ac1M to investors and are profitable.<\/p>\n

The easiest place to find this information is in the \u201cstatistics\u201d section of a website, where you\u2019ll see the total numbers of investments and payouts a platform is making. You can head over to our Statistics page<\/a> where you\u2019ll see our total cumulative investments, total amount paid to investors and our monthly values.<\/p>\n

(We’ve also written about the latest P2P investing statistics<\/a> and trends, too).<\/p>\n

3. Transparency<\/h2>\n

The best peer to peer platforms<\/a> are transparent about their business model and their investment numbers. They publish regular updates on the company\u2019s position and provide information on how the platform operates and makes money. As an investor, it\u2019s always good practice to read the terms and conditions of the P2P platform you\u2019re investing in.<\/p>\n

At Swaper, we strive to be as transparent as possible. We offer regular company updates<\/a> on our blog, our FAQ<\/a> covers many common investor questions and you can read through our Privacy Policy<\/a> and Terms and Conditions<\/a> if you want to read the details.<\/p>\n

4. High liquidity<\/h2>\n

With P2P investing<\/a>, there are two main ways to withdraw your money:<\/p>\n