Articles
Articles & Guides
Everything we've published on borrowing against Bitcoin: guides and analysis, head-to-head lender comparisons, calculators, and a plain-English glossary. Newest first.
Latest
CeFi vs DeFi Bitcoin Loans: The Complete 2026 Guide
How CeFi and DeFi Bitcoin loans differ on custody, rates, liquidation, KYC, wrapping, and tax, using Coinbase's Morpho-powered USDC loan as the DeFi example.
Coinbase Bitcoin Loan Review (2026): USDC Loans via Morpho
An independent review of Coinbase's Bitcoin-backed USDC loan: how the Morpho-powered product works, the variable rate, 86% liquidation, custody, and catches.
Coinbase Bitcoin Mortgage: Buy a Home Without Selling BTC
How the Coinbase and Better Bitcoin mortgage works: a Fannie Mae conforming home loan plus a crypto-secured down-payment loan, what you pledge, and the catches.
Borrow Against XRP, Dogecoin, or Solana on Coinbase (2026)
Coinbase now lets you borrow against more than Bitcoin. How ETH and altcoin loans work, and why the altcoin markets carry a tighter 62.5% liquidation risk.
What Is the Coinbase Morpho Loan? The DeFi Backend Explained
Coinbase's Bitcoin loan runs on Morpho, not Coinbase's balance sheet. What Morpho is, who sets your rate, and what it means for your risk, explained plainly.
Coinbase vs Ledn: Bitcoin Loan Comparison (2026)
Coinbase's DeFi USDC loan vs Ledn's centralized dollar loan: rate, LTV, custody, liquidation, and payout compared, so you can see which fits.
Coinbase vs SALT: Bitcoin Loan Comparison (2026)
Coinbase's DeFi USDC loan vs SALT's dollar loan with stabilization: rate, LTV, custody, margin-call handling, and terms compared.
Coinbase vs Unchained: Bitcoin Loan Comparison (2026)
Coinbase's DeFi USDC loan vs Unchained's collaborative-multisig loan: who controls the keys, rate, LTV, and liquidation compared.
Is Wrapping Bitcoin to cbBTC a Taxable Event?
Borrowing on Coinbase converts BTC to cbBTC. Whether that wrap is a taxable event is unsettled. The two positions, what the experts say, and how to be careful.
Hidden Bitcoin Loan Fees: The Real Cost Beyond the Interest Rate (2026)
A plain-English guide to bitcoin-backed loan fees: origination, liquidation, the 360-day interest trick, conversion spreads, renewal, and the true all-in cost.
SALT Cuts Bitcoin Loan Rates Across the Board (2026): New APRs From 7.49%
SALT lowered its Bitcoin-backed loan rates across every LTV tier and term and dropped origination to zero. The full before-and-after and what it means.
Borrow Against Your Bitcoin ETF: How IBIT Margin Loans Work (2026)
How to borrow against a spot Bitcoin ETF like IBIT on brokerage margin: how much you can borrow, the cost, the margin-call risk, and how US brokers compare.
Are Bitcoin Loans Safe? An Honest Look at the Real Risks (2026)
An honest, risk-by-risk look at bitcoin-backed loans: liquidation, custody, rehypothecation, cost, and regulation, plus how to borrow more safely.
Bitcoin Business Loans: Fund Your Company Without Selling Your BTC (2026)
A vendor-neutral guide to bitcoin business loans: how borrowing against bitcoin works, how it compares to an SBA loan or bank line, and the risk that matters.
Bitcoin Credit Cards: How to Earn Bitcoin on Everyday Spending (2026)
A vendor-neutral guide to bitcoin credit and debit cards: earning bitcoin rewards vs spending it, the tax difference, custody, real costs, and how to choose.
Bitcoin Loan Custody and Rehypothecation: Where Your Bitcoin Actually Goes (2026)
Where your bitcoin is held during a loan, what rehypothecation is and why it sank the 2022 lenders, the custody spectrum, and how to vet a lender.
Bitcoin Loan Margin Calls and Liquidation: What Happens When Bitcoin Drops (2026)
How margin calls and liquidation work on a bitcoin-backed loan: the LTV thresholds that trigger them, what liquidation does, and how lenders differ.
How to Borrow Against Bitcoin: A Step-by-Step Guide (2026)
How to borrow against your Bitcoin without selling it: the five steps, how much you can borrow, what it costs, the liquidation risk, and how to pick a lender.
Bitcoin Auto Loans: How to Buy a Car Without Selling Your BTC (2026)
A vendor-neutral guide to bitcoin auto loans: how borrowing against bitcoin to buy a car works, what it costs, the margin-call risk, and the tax angle.
Bitcoin Mortgages: How to Buy a Home Without Selling Your BTC (2026)
A vendor-neutral guide to bitcoin mortgages in 2026: the three products the term hides, how each handles a price crash, the real costs, and the tax angle.
Bitcoin Loans: The Complete Guide to Borrowing Against Your BTC (2026)
A vendor-neutral guide to bitcoin loans: how BTC-backed borrowing works, its true effective APR, LTV and liquidation, custody, and how to compare lenders.
Is Borrowing Against Bitcoin a Taxable Event?
Borrowing against Bitcoin generally is not a taxable event; selling is. How collateral is treated for US taxes, the gray areas, and what to confirm with a CPA.
Guides & analysis
Sell or Borrow Against Bitcoin? A 2026 Decision Framework
Tax timing, custody risk, cashflow drag, and reinvestment risk: the qualitative factors behind selling vs. borrowing, with an embedded calculator for the numbers.
Bitcoin Loans: No Credit Check Required
Why Bitcoin-backed loans skip the credit check, how collateral-based underwriting works, and which lenders fund fastest.
Bitcoin Mortgages 2026: Buy Real Estate with BTC
How Bitcoin-backed and qualify-with-crypto mortgages work, who offers them, and how the lender models differ.
Lender comparisons
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Calculators
Bitcoin Liquidation Price Calculator
Find the exact Bitcoin price at which your loan would be liquidated, given your collateral, loan amount, and the lender's threshold.
Sell vs. Borrow Bitcoin Calculator
Compare the after-tax cash from selling against the cost of borrowing the same amount, side by side.
Bitcoin Loan Calculator: LTV & Margin Call
Model your loan-to-value, estimated monthly cost, and the Bitcoin price that would trigger a margin call.
Glossary
Plain-English definitions of the terms that matter when borrowing against Bitcoin. See the full glossary →
Lender reviews
In-depth reviews of every Bitcoin-backed lender we track: rates, custody, and risks. Browse all lender reviews →
borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Full disclosures.