Bitcoin Loans
Bitcoin Loans: No Credit Check Required
Because the loan is fully secured by Bitcoin, most lenders don't run a traditional credit check. Your BTC is the credit.
Why Bitcoin loans don't require a credit check
Traditional unsecured loans rely on your credit score because the lender has no other collateral. Bitcoin-backed loans work differently — you pledge BTC worth more than the loan amount. If you stop paying, the lender sells your Bitcoin. Your credit history is irrelevant to that transaction. Most regulated Bitcoin lenders still require identity verification (KYC) to comply with anti-money-laundering rules, but this is separate from a credit check and does not affect your credit score.
Lenders that don't run credit checks
| Lender | Credit check | KYC required | Min. loan | Notes |
|---|---|---|---|---|
| Arch Lending | No | Yes | $75,000 | Qualified custodian, no rehypothecation |
| Ledn | No | Yes | $10,000 | Institutional custody via Coinbase |
| SALT Lending | No | Yes | $5,000 | Multi-chain collateral accepted |
| Unchained | No | Yes | $10,000 | Collaborative multisig custody |
| CoinRabbit | No | Minimal | $100 | Instant, no income verification |
| Strike | No | Yes | $75,000 | Bitcoin-only collateral |
What lenders do check
Even without a credit check, lenders verify several things before originating a loan:
- Identity (KYC) — government-issued ID and sometimes proof of address
- Collateral ownership — you must prove you control the Bitcoin you're pledging
- Collateral value — the BTC must meet the lender's minimum LTV and loan size requirements
- Sanctions screening — required under US financial regulations regardless of loan type
Compare all Bitcoin lenders
Use our comparison tool to filter lenders by loan amount, BTC holdings, and state availability.
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