Bitcoin-Backed Loans in Vermont (2026)
4 of the 7 Bitcoin-backed loan lenders we track serve Vermont, with rates from 7.49% APR. Here is who lends in Vermont, who doesn't, and what each offers.
Vermont pairs one of the highest top income tax rates in the country, 8.75 percent, with a policy of taxing capital gains as ordinary income, which sharpens the case for borrowing against Bitcoin rather than selling it. The state is broadly blockchain-friendly, and Bitcoin-backed loans are available from national lenders licensed to operate there.
Availability verified August 1, 2026 · Verified daily · Vermont tax and regulatory review July 22, 2026
Sell or borrow in Vermont: the tax math
Selling Bitcoin in Vermont can add up to about 8.75 percent in state tax on top of federal capital gains, while borrowing against your BTC is not a sale and triggers no capital gains at all.
Vermont levies a graduated personal income tax with a top marginal rate of 8.75 percent for 2026, and it taxes capital gains as ordinary income with no separate preferential long-term rate. Vermont does offer a modest capital gains subtraction, either a flat exclusion of the first 5,000 dollars of net adjusted capital gain or, in limited cases, a 40 percent exclusion for certain assets held more than three years, but that percentage exclusion does not reach publicly traded financial instruments. On a large Bitcoin gain the effective state rate reaches roughly 8.75 percent after the small flat exclusion is applied.
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.
Vermont 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 Vermont
| 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 |
 APX Lending | APRfrom 9.99% | Max LTVup to 60% | CustodyQualified custodian | US loans paid in USDC · $25k min | Learn More |
 Unchained | APRfrom 14.18% | Max LTVup to 50% | CustodyCollaborative multisig | Commercial only · entities · $150k min | Learn More |
Estimate your rate in Vermont
Borrowing $100,000 against 3.19 BTC ($200,000) is 50% LTV. BTC reference ≈ $62,600.
3 lenders serve Vermont at this size and LTV, lowest effective APR first. Effective APR includes origination fees.
SALTLowest APRAPX LendingStrikeNot available in Vermont
Ledn, Figure, Arch (Standard) do not currently lend in Vermont, based on each lender's stated coverage.
Why lender coverage looks the way it does in Vermont
Vermont regulates virtual currency business activity through its money services statutes, modernized by Act 110 in 2024, so firms that exchange, custody, or transmit crypto for Vermont consumers generally need a money transmission license unless an exemption applies. There is no Bitcoin-specific consumer lending regime, and availability of Bitcoin-backed loans is broadly nationwide subject to each lender's own multistate licensing. Vermont also enacted specific rules for virtual currency kiosks, including a fee cap of the greater of 5 dollars or 3 percent per transaction and a moratorium that barred new kiosks from operating before July 1, 2026.
Bitcoin and crypto in Vermont
Vermont has a long, generally pro-innovation blockchain posture. It authorized blockchain-based LLCs under a 2018 business development law, recognized blockchain records as self-authenticating evidence under 12 V.S.A. section 1913, and treats cryptocurrency as property rather than currency. More recently it tightened consumer protections by folding virtual currency into its money transmission framework and adding kiosk fee caps and a temporary moratorium on new crypto kiosks, but there is no state Bitcoin reserve law.
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 Vermont tax profits from selling Bitcoin?
Yes. Vermont treats a gain on selling Bitcoin as taxable income and taxes it at the same rates as ordinary income, from 3.35 percent up to a top marginal rate of 8.75 percent for 2026. A small flat exclusion of the first 5,000 dollars of net adjusted capital gain may apply, but there is no preferential long-term capital gains rate.
Is borrowing against my Bitcoin a taxable event in Vermont?
No. Pledging Bitcoin as collateral for a loan is not a sale, so it does not trigger federal or Vermont capital gains tax. You only create a taxable gain when you actually sell or dispose of the Bitcoin, which is the core difference between borrowing and selling.
Are Bitcoin-backed loans available in Vermont?
Yes. Vermont has no crypto-specific consumer lending ban, and national Bitcoin-backed lenders serve Vermont residents subject to their own state licensing. Firms that custody or transmit crypto for Vermont consumers must generally hold a Vermont money transmission license.
Can I get a Bitcoin-backed loan in Vermont?
Yes. 4 of the Bitcoin-backed lenders we track serve Vermont, with starting rates from 7.49% APR. They include SALT, Strike, APX Lending, Unchained.
Which lenders offer Bitcoin-backed loans in Vermont?
SALT, Strike, APX Lending, Unchained all serve Vermont according to their stated coverage, which we verify daily.
Are any Bitcoin loan lenders not available in Vermont?
Ledn, Figure, Arch (Standard) do not currently lend in Vermont.
Bitcoin loans in nearby states
Sources
- Vermont's top marginal individual income tax rate for 2026 is 8.75 percent and rates are graduated from 3.35 percent. · tax.vermont.gov
- Tax Foundation confirms Vermont's graduated individual income tax ranges from 3.35 percent to 8.75 percent. · taxfoundation.org
- Vermont taxes capital gains as ordinary income and offers a flat 5,000 dollar exclusion or a limited 40 percent exclusion that excludes publicly traded financial instruments. · tax.vermont.gov
- Vermont's 2024 Act 110 requires a money transmission license for virtual currency business activity and caps virtual currency kiosk fees at the greater of 5 dollars or 3 percent per transaction, with a moratorium barring new kiosks from operating before July 1, 2026. · legislature.vermont.gov
Cite this data
Bitcoin-backed loan availability in Vermont: 4 of 7 tracked lenders serve the state, from 7.49% APR. borrow/on/bitcoin, verified August 1, 2026. https://borrowonbitcoin.com/bitcoin-loans/vermont
Free to cite with attribution and a link. Media inquiries welcome.
Compare these lenders for your numbers
Enter your loan amount, BTC holdings, and Vermont as your state to see who fits and what it costs.
Open the comparison tool →Compare lenders head-to-head
borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. How we verify · Rate Index.