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MyConstant Review: P2P and crypto collide

Updated: Sep 27, 2021

Disclosure: This post contains affiliate links through which I'm paid. No additional cost to you that's just how marketing works sometimes, more here.


MyConstant can help you earn up to 7% APR with easy-to-use tools and the power of crypto to back your P2P loan.

Full disclosure, I'm not a crypto expert. I'm not a peer-to-peer (P2P) lending expert either. As I was looking for new personal finance software to review and write about, MyConstant came up as new-to-market and with a very unique value proposition. I was intrigued and had to dive in deeper to ensure I understood how you, my loyal readers, could benefit from their platform.

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What is MyConstant?

In their own words, MyConstant is:

"a multi-market P2P investment platform based in the US. It offers two different investment products with interest ranging from 4% APY to 7% APR. You can lock your money away for 1-6 months for the best rates or choose anytime-withdrawals for flexibility. There are no fees, 24-7 customer support across email, telephone, and social media. MyConstant also provides a free library of resources to achieve your financial goals, fast."

What does that mean for you? At its core, P2P lending, MyConstant is similar to Lending Tree, Peerform, or Upstart. You can go to their website and either loan or borrow money. What makes MyConstant unique is they require cryptocurrency as collateral to get a loan, more detail on that can be found below.

How does MyConstant work?

MyConstant has 3 different tools that help you earn. If you aren't familiar with lending/investing and borrow then let me break it down for you.

Typically, when you borrow money you promise to pay it back including some interest owed. The interest owed is a fee you are willing to pay in order to get money before you would have otherwise earned that money. This is how banks make money (that and fees), they lend people money and those people pay a fee in order to have that money.

Think about your mortgage, the bank gives you hundreds of thousands of dollars, which you probably don't have), and over time you pay them back with interest. If you don't pay the money back then the bank will come to take your home. The home is your collateral, meaning, the thing you are offering to give back should you not be able to pay the bank. In the case of MyConstant, you are offering to give up cryptocurrency if you do not pay back your loan. The reason this matters is most other lending sites just rely on your credit score as "collateral" and will charge more/less interest based on your score. By offering crypto as a way to supply collateral, MyConstant is leveling the field for borrowing quite a bit. Anyone can get crypto, even without a credit score, meaning they can get a loan quickly and without a credit score.

The other key feature of MyConstant is the "invest" or lending tool. Now you can become the bank and feel safe because the borrowers all have to put up crypto in order to get a loan from MyConstant. This also lowers the default rate to help increase returns for lenders like yourself!

There is a detailed breakdown of MyConstant features below.

MyContact Pricing and Service Terms

With any borrowing or lending, you should be very familiar with service terms and what you are getting yourself in to. Below I have taken screenshots of MyConstant's service terms for quick and easy reference.

MyContact Features

Instant Access - This is your basic P2P lending tool. Great for those who want to dip their toes in.

Crypto-Backed - This is a level up! If you have experience with P2P lending, the options within Crypto-Backed will make sense and help you earn more.

Crypto Lend - If you have crypto and want to earn additional interest upon it, beyond just the growth (or loses) it experiences you can invest with MyConstant.

Here is handy chart breaking down these features:


Highly intuitive user interface

Solid returns - up to 7% APR

$4000 (temp loan) bonus for those who qualify

Crypto backed loans


Not a long history of success

MyConstant Alternatives

How to get started with MyConstant

If you are all set and ready to sign up for MyConstant, follow this link, follow the step-by-step instructions below, and wait for your "free" $4,000 seed money!

Step 1: Follow this link - this will take you to a page that looks just like the one below. In the upper-right hand corner click on the "Create Account" button.

Step 2: Start your "Know your customer" journey. This is a standard for financial service organizations to ensure that you are who you say you are. It protects you and MyConstant.

Step 3: Receive verification that you have been approved. After about a week or two you will get an email like the one below! I've been approved and plan to invest my "free money" and see how much I can make!

MyConstant Approval Email
MyConstant Approval Email

Step 4-n: Invest your money as you see fit or take advantage of their Crypto-Backed or Crypto Lend tools.

Crypto lend user interface

Crypto-backed user interface

Who can benefit from using MyConstant?

Basically, anyone who is looking to jump into P2P lending. If you are "looking for yield" (that's a finance phrase I heard somewhere), meaning trying to find a place to invest your money and make a higher profit than you could elsewhere, then you should consider MyConstant.

They have a solid track record of performance, are backed by trustworthy companies, and have a cutting-edge business model that helps make you money.


MyConstant is a very unique concept and something to be thoroughly considered when planning to invest your money in P2P lending. It does offer returns and features that many other P2P sites do not, so that is a great benefit. There is always risk in investing and the team at MyConstant is trying to help mitigate that risk in a secure and traceable way.

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