We built Borrow on Bitcoin to do one thing well: let you compare Bitcoin-backed loans side by side, without the noise. Today we are adding something for the people who use it. A few lenders now give you a better rate when you start through our site than you would get going to them directly.
Three loan products are priced below their public rate right now. Arch takes 50 basis points off both its Standard and Deferred loans, and Ledn takes up to 25 basis points off, for borrowers who start at Borrow on Bitcoin. A fourth lender, Figure, pays a cash bonus instead.
What is on the table today
| Product | What you get | How you get it |
|---|---|---|
| Arch (Standard) | 0.50% (50 basis points) off the standard rate | Start your loan through Arch's page on our site |
| Arch (Deferred) | 0.50% (50 basis points) off the standard rate | Start your loan through Arch's page on our site |
| Ledn | Up to 0.25% (25 basis points) off the standard rate | Start your loan through Ledn's page on our site |
| Figure | Up to $100 in cash bonuses — the rate does not change | Enter code BORROWONBITCOIN at Figure |
A basis point is one hundredth of a percent, so 50 basis points is half a percentage point below the rate you would otherwise be quoted. On a $100,000 loan that adds up over the life of the loan, and it costs you nothing to take.
Two details in that table are worth separating out, because they are the parts people get wrong.
Arch's discount is flat and Ledn's is not. Every Arch borrower gets the full 0.50%, whatever the loan size. Ledn's narrows as the loan gets larger — 25 basis points below $500,000, then 20, then 15, then 10 above $2 million — which is why it is quoted as "up to." That is also why the number on Ledn's page is worth checking against your actual loan size rather than reading the headline.
Figure's offer is not a discount at all. It is a cash bonus, Figure's APR is unchanged, and it is the only one of the four that requires you to enter a code. The "up to $100" is two separate $50 bonuses: $50 for taking out a crypto-backed loan, and another $50 for depositing $500 within 30 days of opening the account. If you take a loan and make no deposit, you get $50. We flag this rather than rounding it to "$100 off" because a bonus and a rate cut are not interchangeable when you are comparing lenders, and because forgetting the code means getting nothing.
Each rate discount has its own page with the current rate by loan size, worked out against that lender's live tiers: the Ledn discount and the Arch discount. Those pages recalculate whenever the lender moves its rates, so they are the ones to check before you apply. The Figure bonus works differently — it pays up to $100 in cash rather than lowering the APR, so it is listed separately from the rate discounts above.
How to get it
For Arch and Ledn it is simple. Compare lenders the way you already do. When you pick one, follow the link from their page on our site. The discount applies because you came through Borrow on Bitcoin. There is no code to enter, and no extra step.
For Figure, you do have to enter code BORROWONBITCOIN when you open your account. Nothing is applied automatically, so if you skip the code you will not get the bonus.
Opens our full review, where you can compare rates and apply.
Opens our full review, where you can compare rates and apply.
Opens our full review, where you can compare rates and apply.
Why you can trust the number
One note on how this works, since it is the reason the number holds up. We do not lend, we do not take your application, and we do not sell your information. Some lenders pay us a referral fee when you visit them through the site, which is how the platform stays free. These discounts come out of that same arrangement. They do not change which lenders we show, how we rank them, or what the Rate Index reports. The Index still tracks each lender's standard rate, so you can always see the discount for what it is.
We will add more of these as we sign them. For now, if you are shopping, Arch and Ledn are the ones to look at first, and Figure is worth the code if you are heading there anyway.
Rates are current as of August 2026 and are set by each lender. They can change, and the discount applies to the lender's standard published rate at the time you borrow. Confirm the final terms with the lender before you sign.