Compare Bitcoin Loans
Personalized Loan Calculator: Matched Rates, LTV, and Custody
Here’s how it works
Comparing lenders before you borrow saves money and protects your Bitcoin.
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Tell us how much Bitcoin you hold and how much you want to borrow. No account, no credit pull, no contact info required to see matches.
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We filter every lender we track against your numbers and show who fits, side by side on effective APR, custody model, LTV, and terms.
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Pick the lender that fits your priorities and apply with them directly. We are a comparison publisher; we never take your application or sell your data.
We’re not a lender, but we track every one of them.
We compare every major Bitcoin lender side by side on effective APR, custody model, LTV, and terms, refreshed weekly, so you can choose with full information. We don’t lend, take applications, or sell your data.
See our methodology →CeFi Bitcoin Market: BoB CeFi Rate Index
Centralized custodial lenders · 6 US lenders tracked · refreshed weekly
DeFi Bitcoin Market: BoB DeFi Rate Index
19 DeFi markets · updated daily at 14:00 UTC
How matching works
You tell us how much BTC you hold and how much you want to borrow. We filter every lender we track against your criteria and show you who fits.
Read our methodology →What we don't do
We don't lend. We don't take applications. We don't pass your information to lenders. We're a publisher, not a broker.
Why we're free
Some lenders pay us a referral fee if you visit them through our site. That doesn't change what we show or how we order results; it's fully disclosed.
See full disclosures →Bitcoin-Backed Loans (10 lenders)
| Lender | APR range | |
|---|---|---|
Arch (Standard) Verified 2026-06-09 | 7.25–10.49% | Visit Arch (Standard) |
SALT Verified 2026-06-12 | 7.49–10.50% | Visit SALT |
APX Lending Verified 2026-06-09 | 9.99–11.49% | Visit APX Lending |
Arch (Deferred) Verified 2026-06-09 | 8.00–10.99% | Visit Arch (Deferred) |
Figure Verified 2026-06-09 | 10.00–12.45% | Visit Figure |
CoinRabbit Verified 2026-05-16 | 11.95–16.80% | Visit CoinRabbit |
Ledn Verified 2026-06-09 | 9.25–11.49% | Visit Ledn |
Unchained Verified 2026-06-09 | 14.18% | Visit Unchained |
Strike Verified 2026-06-09 | 7.49–11.25% | Visit Strike |
Nexo Verified 2026-06-19 | 18.90% | Visit Nexo |
Bitcoin Mortgages (6 lenders)
| Lender | APR range | |
|---|---|---|
Milo Verified 2026-06-09 | 7.00–9.00% | Visit Milo |
LendFriend Verified 2026-05-15 | By consultation | Visit LendFriend |
Better Verified 2026-05-15 | By consultation | Visit Better |
Newrez Verified 2026-05-15 | By consultation | Visit Newrez |
Rate Verified 2026-05-15 | By consultation | Visit Rate |
Moon Mortgage Verified 2026-05-14 | By consultation | Visit Moon Mortgage |
Onchain loans · DeFi
Borrow against your Bitcoin, onchain
Tell us how much Bitcoin you hold and how much you want to borrow. We’ll match you to every DeFi market that fits — Morpho, Aave, Compound, Euler, and more. No wallet connection, no credit pull.
Frequently asked questions
Bitcoin-backed loans, explained
How do Bitcoin-backed loans work?
A Bitcoin-backed loan lets you borrow US dollars (or a stablecoin) using your Bitcoin as collateral, without selling it. You pledge BTC to a lender, the lender holds it for the term of the loan, and you receive cash you repay with interest. Because the loan is secured by your Bitcoin, most lenders run no traditional credit check; approval is based on your collateral, not your credit score. When you repay in full, your Bitcoin is returned. The trade-offs that matter are the interest rate (APR), the loan-to-value ratio, who custodies your coins, and what happens if Bitcoin’s price falls.
How to borrow against Bitcoin→What is LTV (loan-to-value)?
LTV, or loan-to-value, is your loan amount divided by the market value of the Bitcoin you pledged, shown as a percentage. Borrow $40,000 against $100,000 of Bitcoin and your starting LTV is 40%. Most Bitcoin lenders cap the opening LTV between 40% and 60%, leaving a buffer before trouble. LTV is dynamic: it rises automatically when Bitcoin’s price drops, even though your loan balance has not changed. A lower LTV means a safer position and, often, a lower rate; a higher LTV frees up more cash but sits closer to a margin call.
LTV, explained→What is Bitcoin loan liquidation?
Liquidation is when a lender sells some or all of your pledged Bitcoin to repay the loan because your LTV climbed past the liquidation threshold (commonly 80% to 90%). It is usually preceded by a margin call: a warning that asks you to add collateral or pay down the balance to bring LTV back into a safe range. If you do not cure the margin call in time, the lender liquidates. The biggest driver is a falling Bitcoin price, which raises your LTV without you doing anything. Borrowing at a conservative LTV is the simplest way to keep a wide cushion between your position and the liquidation point.
Liquidation & margin calls→How do you evaluate Bitcoin lenders?
Compare lenders on five things that actually decide outcomes: the effective APR including any origination fee (not just the headline rate), the maximum LTV and liquidation threshold, the custody model (segregated qualified custody vs. commingled), whether the lender rehypothecates your Bitcoin, and the margin-call process, including how much warning and how long a cure period you get. Price matters, but custody and liquidation terms are what protect your coins in a downturn. We track all of these per lender and refresh them weekly so the comparison reflects current terms.
Our methodology→Who are the best Bitcoin-backed lenders?
There is no single "best" lender; the right choice depends on your priorities. If lowest cost is the goal, sort by effective APR. If protecting your Bitcoin matters most, favor lenders with segregated qualified custody and a no-rehypothecation policy. If you want room to ride out volatility, favor a lower liquidation threshold and a longer cure period. We publish independent reviews of every lender we track, covering rates, custody, LTV, and terms, so you can match a lender to what you care about rather than to a sponsored ranking.
All lender reviews→Which lenders have the safest custody?
Custody is where your downside risk really lives. The safest setups hold your Bitcoin in a segregated account with a qualified custodian and do not rehypothecate (reuse) it to fund the lender’s own borrowing. Some lenders use collaborative multisig, where you hold a key and no single party can move the coins unilaterally. The weakest setups commingle customer Bitcoin and reserve the right to lend it out, which is what leaves borrowers exposed in a bankruptcy. Always confirm the custodian, whether assets are segregated, and the rehypothecation policy in writing before you borrow.
Custody & rehypothecation→Which lenders have the most borrower-friendly margin-call and cure terms?
The most borrower-friendly lenders give you a real chance to save your position before they sell. Look for a lower starting LTV, a liquidation threshold set well above it, early and clear margin-call notifications, and a defined cure period (hours to days) to add collateral or pay down the balance. Some also offer partial liquidation rather than closing the whole position, and tools to auto-add collateral. The harshest terms are a high opening LTV with an instant, full liquidation and little notice. We track each lender’s margin-call and liquidation process so you can favor the ones that leave the most room to react.
Margin-call & cure periods→How much can I borrow against my Bitcoin?
Your borrowing limit is set by the lender’s maximum LTV applied to the value of the Bitcoin you pledge. Most lenders cap the opening LTV between 40% and 60%, so $100,000 of Bitcoin typically supports a $40,000 to $60,000 loan. Borrowing near the maximum frees up the most cash but sits closer to a margin call, so many borrowers deliberately take less. The exact figure depends on the lender, your collateral, and the loan term. Our calculator lets you model the maximum loan, monthly cost, and liquidation price for any amount.
Bitcoin loan calculator→Do Bitcoin loans require a credit check?
Most Bitcoin-backed lenders do not run a traditional credit check. Because the loan is fully secured by your Bitcoin, approval is based on the value of your collateral rather than your credit score, which is why funding can be fast. Some lenders still require identity verification (KYC) to meet regulatory obligations, and a few mortgage and business products do look at credit. If avoiding a credit pull is a priority, you can filter specifically for no-credit-check options.
No-credit-check Bitcoin loans→Is borrowing against Bitcoin a taxable event?
Under current US treatment, borrowing against Bitcoin is generally not a taxable event, because pledging collateral is not a sale and loan proceeds are not income. The IRS treats digital assets as property, so a forced liquidation is a sale that can trigger a capital gain, sometimes at a bad time. Tax rules can change and your situation is specific, so confirm with a CPA. This is not tax advice.
Is borrowing against Bitcoin taxable?→What is the difference between CeFi and DeFi Bitcoin loans?
A CeFi (centralized finance) loan comes from a company that holds your Bitcoin and sets the terms, with KYC and human support but counterparty and custody risk. A DeFi (decentralized finance) loan runs on a smart contract: there is no company holding your coins, terms are transparent and automated, but you take on smart-contract risk and usually need to wrap Bitcoin to use it, which can have tax consequences. CeFi suits borrowers who want simplicity and support; DeFi suits those who prioritize self-custody and transparency.
CeFi vs DeFi Bitcoin loans→What should I do if I get a margin call?
A margin call is a deadline, not a disaster. It is asking you to bring your LTV back under the lender’s threshold, by adding collateral (Bitcoin or cash), repaying part of the loan, or repaying in full. Act inside the cure window, aim to restore a safe buffer rather than just clear the line, and do not ignore it or panic-sell. Knowing your liquidation price in advance and keeping reserves ready turns a margin call into a routine task rather than an emergency.
How to handle a margin call→Tools and resources
Calculators, lender reviews, and plain-English reference.
Featured guides
In-depth explainers on how Bitcoin-backed borrowing actually works.
Popular lender comparisons
See two lenders side by side on rate, custody, LTV, and terms.
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Coinbase vs. Unchained
Arch (Standard) vs. LednLedn vs. Unchained
Figure vs. Arch (Standard)SALT vs. Ledn
Strike vs. LednArch (Standard) vs. UnchainedSALT vs. Arch (Standard)
CoinRabbit vs. Strike
Arch (Standard) vs. Arch (Deferred)
Milo vs. Moon Mortgage
Milo vs. Better
Better vs. NewrezArch (Standard) vs. CoinRabbit
Ledn vs. APX LendingReady when you are
Compare every major Bitcoin lender in one place
Free and independent, with no credit pull. Tell us your numbers and see the lenders that fit, side by side on effective APR, custody, and terms.
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