Bitcoin-Backed Loans in Montana
5 of the 7 Bitcoin-backed loan lenders we track serve Montana, with rates from 7.49% APR. Here is who lends in Montana, who doesn't, and what each offers.
Montana pairs an unusually light regulatory touch (no state money transmitter license and no crypto-lending regime) with a rare preferential capital gains rate. A Montanan selling Bitcoin still faces up to 4.1 percent state tax plus federal tax, so borrowing against Bitcoin instead of selling sidesteps that realization entirely while lenders operate freely across the state.
By Steven Han and Michael Song ·Availability verified September 15, 2026 · Verified daily · rates last changed August 22, 2026 · Montana tax and regulatory review July 22, 2026
Sell or borrow in Montana: the tax math
Selling Bitcoin in Montana can trigger up to 4.1 percent in state tax on a long-term gain, plus federal capital gains tax. Borrowing against that Bitcoin is not a sale and realizes no gain.
Montana levies a personal income tax, with a two-bracket system for 2026 of 4.7 percent and a top rate of 5.65 percent (House Bill 337). Unlike most states, Montana does not fold long-term capital gains into ordinary income. Net long-term capital gains are taxed at a preferential 3.0 percent or 4.1 percent, so a large long-term gain from selling Bitcoin tops out at 4.1 percent at the state level, on top of federal capital gains tax. Short-term gains (Bitcoin held one year or less) are still taxed as ordinary income.
Important: not tax or legal advice
The tax and regulatory information on this page is general information, not tax, legal, or investment advice, and the rates shown are illustrative top-of-schedule figures, not a calculation of what you personally would owe. borrowonbitcoin.com is published by Sypher Capital; we are a publisher and affiliate referral source, not a lender, broker, registered investment advisor, tax preparer, or law firm. The state and federal figures here are compiled from public sources, including IRS Revenue Procedures, state departments of revenue and taxation, state statutes, and the Tax Foundation, and are current only as of the tax year shown; the sources are linked at the foot of this page. Tax and licensing law change, sometimes mid-year, and how any of it applies to you depends on your income, filing status, residency, cost basis, holding period, local taxes, and other facts this page does not capture, so your actual result can differ materially. The tax treatment of Bitcoin-backed loans is itself unsettled and still developing. Borrowing against Bitcoin carries its own risks, including forced liquidation of your collateral. Lender availability and a state's rules can both change; confirm current eligibility with the lender, and confirm your own tax situation with a CPA or qualified tax professional, before acting on anything here.
Montana tax and regulatory facts for the 2026 tax year, last reviewed July 22, 2026. Sources are listed at the foot of this page.
Lenders available in Montana
| Lender | APR | Max LTV | Custody | Eligibility note | Review |
|---|---|---|---|---|---|
 SALT | APRfrom 7.49% | Max LTVup to 70% | CustodyLender-held | From $5,000 | Learn More |
 Strike | APRfrom 7.75% | Max LTVup to 50% | CustodyLender-held | From $10,000 | Learn More |
 Ledn | APRfrom 9.25% | Max LTVup to 50% | CustodyQualified custodian | From $1,000 | Learn More |
 Figure | APRfrom 9.76% | Max LTVup to 75% | CustodyLender-held | From $5,000 | Learn More |
 APX Lending | APRfrom 9.99% | Max LTVup to 60% | CustodyQualified custodian | US loans paid in USDC · $25k min | Learn More |
Estimate your rate in Montana
Borrowing $100,000 against 2.63 BTC ($200,000) is 50% LTV. BTC reference ≈ $76,000.
5 lenders serve Montana at this size and LTV, lowest effective APR first. Effective APR includes origination fees.
SALTLowest APRFigureAPX LendingStrikeLednNot available in Montana
Arch, Unchained do not currently lend in Montana, based on each lender's stated coverage.
Why lender coverage looks the way it does in Montana
Montana has no crypto-specific consumer-lending regime and, notably, no state money transmitter licensing regime at all; it is the only US state that does not license or regulate money transmitters. The Division of Banking and Financial Institutions confirms this, and a brief 2023 effort to require money transmitter registration was reversed. Availability of Bitcoin-backed lenders is therefore broadly nationwide and driven by each lender's own multistate licensing and internal policies rather than any Montana-specific barrier.
Bitcoin and crypto in Montana
Montana is one of the more crypto-forward states.
Montana bitcoin law & policy tracker (2026)
Last reviewed · Reviewed quarterly
Montana's most unusual feature is not a bitcoin law at all. It is the only state in the country that does not license money transmitters, which quietly shapes who can operate here.
No money transmitter regime, and why that matters
Montana has no state money transmitter licensing regime. The Division of Banking and Financial Institutions confirms it, and a 2023 attempt to create one did not succeed. Every other state licenses money transmitters; Montana does not.
For a borrower the practical effect is indirect. It removes one state-level barrier for a crypto business, but national lenders build their compliance around the strictest states they serve, so coverage here tends to look like coverage everywhere rather than noticeably better. five of the seven lenders we track serve Montana, with Arch and Unchained sitting it out.
The docket
- Effective October 1 2025SB 265 (2025)
Financial Freedom and Innovation Act
Carried by Sen. Daniel Zolnikov of Billings. It defines network token, blockchain and decentralized network in state law, protects self-custody and node operation, restricts state and local acceptance of a central bank digital currency, and creates a registration pathway through the Commissioner of Securities and Insurance for network-token issuers to register as non-securities.
That last part is the substantive one, and it is a different approach from Idaho's. Idaho excluded virtual currency from its securities act outright; Montana built a registration route instead, which keeps the regulator in the room.
No link here: the Montana legislature's bill site is a single-page application whose URLs return the same shell for any path, so it cannot be cited reliably. The source list below points at the state materials instead.
- Failed 41-59 in the HouseHB 429 (2025)
Strategic bitcoin reserve
Rejected by the state House in February 2025 on a 41 to 59 vote, with volatility the stated objection. Montana protected what individuals do with bitcoin and declined to hold any itself, the same split Kentucky landed on.
Earlier Montana legislation protected digital-asset mining from discriminatory treatment, which is the through-line: the state legislates about what people and businesses may do, not about what the state itself will buy.
Tax
Montana taxes capital gains at a top rate of 4.1 percent. There is no crypto carve-out, so a sale carries a state cost that a loan does not.
Legislative status is current as of August 27, 2026 and re-checked quarterly. Bills move, take effect, and die between reviews, so confirm anything you plan to act on against the primary sources linked above and at the foot of this page. This is information, not legal or tax advice.
Lender availability above reflects each lender's stated state coverage, which we verify daily. This page is information, not legal or financial advice, and a lender's coverage or a state's rules can change, so confirm current eligibility with the lender when you apply.
Frequently asked
Does Montana tax the profit when I sell Bitcoin?
Yes. Montana has a state income tax, but net long-term capital gains (on Bitcoin held more than a year) get a preferential rate of 3.0 percent or 4.1 percent rather than the 5.65 percent top ordinary rate, and federal capital gains tax also applies. Bitcoin held a year or less is taxed as ordinary income at the state level.
How does a Bitcoin-backed loan help me avoid that tax?
Pledging Bitcoin as collateral to borrow cash is not a sale, so it does not realize a capital gain and does not trigger Montana's up-to-4.1 percent capital gains rate or federal capital gains tax. You keep your Bitcoin and its future upside while accessing liquidity.
Are Bitcoin-backed lenders available to Montana residents?
Generally yes. Montana has no state money transmitter license requirement and no crypto-specific lending law, so access depends on each lender's own multistate licensing and eligibility rules rather than a Montana-specific restriction.
Can I get a Bitcoin-backed loan in Montana?
Yes. 5 of the Bitcoin-backed lenders we track serve Montana, with starting rates from 7.49% APR. They include SALT, Strike, Ledn, Figure, and others.
Which lenders offer Bitcoin-backed loans in Montana?
SALT, Strike, Ledn, Figure, APX Lending all serve Montana according to their stated coverage, which we verify daily.
Are any Bitcoin loan lenders not available in Montana?
Arch, Unchained do not currently lend in Montana.
Bitcoin loans in nearby states
New to this? How Bitcoin-backed loans work covers LTV, margin calls, and custody before you compare rates in Montana.
Sources
- Montana 2026 income tax is a two-bracket system (4.7 percent and top 5.65 percent), and net long-term capital gains are taxed at a preferential 3.0 percent or 4.1 percent. · revenue.mt.gov
- Montana does not license or regulate money transmitters and is the only US state without a money transmitter licensing regime. · banking.mt.gov
- Montana's Financial Freedom and Innovation Act (SB 265) protects digital-asset activity and creates a securities exemption for network tokens, effective October 1, 2025. · csimt.gov
- Montana's 2025 strategic Bitcoin reserve bill (HB 429) failed to clear the state House on a 41 to 59 vote. · cointelegraph.com
- Montana Division of Banking and Financial Institutions · banking.mt.gov
- Montana Commissioner of Securities and Insurance · csimt.gov
- Montana Blockchain Task Force materials, Department of Administration · doa.mt.gov
Cite this data
Bitcoin-backed loan availability in Montana: 5 of 7 tracked lenders serve the state, from 7.49% APR. borrow/on/bitcoin, verified September 15, 2026. https://borrowonbitcoin.com/bitcoin-loans/montana
Free to cite with attribution and a link. Media inquiries welcome.
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