Bitcoin-Backed Loans in Wyoming
7 of the 7 Bitcoin-backed loan lenders we track serve Wyoming, with rates from 7.25% APR. Here is who lends in Wyoming, who doesn't, and what each offers.
A Wyoming Bitcoin holder combines the most crypto-friendly legal framework in the US with no state income tax, so a Bitcoin-backed loan defers only a federal capital gains bill while the collateral can sit with in-state, purpose-built regulated custodians.
By Steven Han and Michael Song ·Availability verified September 15, 2026 · Verified daily · rates last changed August 22, 2026 · Wyoming tax and regulatory review July 22, 2026
Sell or borrow in Wyoming: the tax math
In a no-income-tax state like Wyoming, selling Bitcoin still owes federal capital gains tax, so borrowing against it is about deferring that federal bill and keeping your Bitcoin, not avoiding a state tax.
Wyoming levies no state personal income tax, a prohibition in the state constitution, and does not tax capital gains, so selling Bitcoin in Wyoming triggers only federal capital gains tax with no state tax on the gain.
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.
Wyoming 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 Wyoming
| Lender | APR | Max LTV | Custody | Eligibility note | Review |
|---|---|---|---|---|---|
 Arch | APRfrom 7.25% | Max LTVup to 60% | CustodyQualified custodian | From $5,000 | Learn More |
 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 |
 Unchained | APRfrom 14.18% | Max LTVup to 50% | CustodyCollaborative multisig | Commercial only · entities · $150k min | Learn More |
Estimate your rate in Wyoming
Borrowing $100,000 against 2.63 BTC ($200,000) is 50% LTV. BTC reference ≈ $76,000.
6 lenders serve Wyoming at this size and LTV, lowest effective APR first. Effective APR includes origination fees.
SALTLowest APRFigureArchAPX LendingStrikeLednWhy lender coverage looks the way it does in Wyoming
Wyoming is the leading US base for chartered crypto banks. Its Special Purpose Depository Institution (SPDI) charter, created in 2019, is a full-reserve state bank charter that can custody digital assets. Kraken Bank and Custodia Bank were the first two SPDIs, chartered and examined by the Wyoming Division of Banking. Wyoming statute also classifies digital assets as property and recognizes DAO LLCs, which supports in-state regulated custody and lending infrastructure.
Bitcoin and crypto in Wyoming
Wyoming is widely regarded as the most crypto-forward state in the US, with a run of laws since 2018: the SPDI bank charter (2019), digital-asset property recognition in its commercial code (2019), a DAO LLC statute (2021), and the first US state-issued stablecoin, FRNT (formerly WYST), launched in 2025 under the Wyoming Stable Token Commission.
Wyoming bitcoin law & policy tracker (2026)
Last reviewed · Reviewed quarterly
Wyoming is not a state with bitcoin legislation so much as a state built around it. It has a bank charter for digital assets, no income tax, and its own stablecoin.
What Wyoming built, in order
- In force since 2019SPDI charter (2019)
Special Purpose Depository Institutions
A full-reserve state bank charter that can custody digital assets, examined by the Wyoming Division of Banking. Kraken Bank and Custodia Bank were the first two.
For a borrower this is the one that matters most in this whole tracker series. Every other state's laws are about what you may do with bitcoin. Wyoming's is about what a regulated institution may do with it on your behalf, which is the question a bitcoin-backed loan actually turns on.
- In force since 2019Digital assets in the UCC (2019)
Digital assets classified as property in the commercial code
Wyoming put digital assets into its commercial code as property, years before Oregon did the equivalent in 2025. Same purpose: making a security interest in bitcoin something the law recognises rather than something the parties have to improvise around.
- In force since 2021DAO LLC statute (2021)
Decentralized autonomous organizations as LLCs
The first US statute giving a DAO a recognized corporate form. Not relevant to a bitcoin loan, and included because it is the clearest evidence that Wyoming legislates ahead of the question rather than in response to it.
- Launched 2025FRNT (2025)
The first US state-issued stablecoin
Launched under the Wyoming Stable Token Commission, formerly WYST. No other state has issued one.
No state tax on a sale, by constitution
Wyoming levies no personal income tax, and the prohibition sits in the state constitution rather than in a statute a future legislature can simply amend. There is no state capital gains tax.
So a Wyoming holder pairs the most developed digital-asset legal framework in the country with a zero state rate. The state half of the argument for borrowing instead of selling is worth nothing here, as in Tennessee, Nevada, South Dakota, New Hampshire and Alaska. What Wyoming adds instead is the option of collateral sitting with an in-state, purpose-built regulated custodian. All seven lenders we track serve Wyoming.
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 Wyoming tax the capital gain if I sell Bitcoin instead of borrowing against it?
No. Wyoming has no state income tax and does not tax capital gains, so selling Bitcoin owes only federal capital gains tax. Borrowing against Bitcoin is not a taxable event at either level.
Are there crypto banks actually chartered in Wyoming that can custody Bitcoin?
Yes. Wyoming's SPDI charter created full-reserve state banks that can custody digital assets. Kraken Bank and Custodia Bank (formerly Avanti) were the first two, chartered and examined by the Wyoming Division of Banking.
Does Wyoming law treat my Bitcoin as property I own?
Yes. Wyoming's 2019 commercial-code amendments classify digital assets as personal property and recognize direct ownership rights, sorting them into digital consumer assets, digital securities, and virtual currencies.
Can I get a Bitcoin-backed loan in Wyoming?
Yes. 7 of the Bitcoin-backed lenders we track serve Wyoming, with starting rates from 7.25% APR. They include Arch, SALT, Strike, Ledn, and others.
Which lenders offer Bitcoin-backed loans in Wyoming?
Arch, SALT, Strike, Ledn, Figure, APX Lending, Unchained all serve Wyoming according to their stated coverage, which we verify daily.
Are any Bitcoin loan lenders not available in Wyoming?
No. Every Bitcoin-backed loan lender we track serves Wyoming.
Bitcoin loans in nearby states
New to this? How Bitcoin-backed loans work covers LTV, margin calls, and custody before you compare rates in Wyoming.
Sources
- Wyoming SPDI charter (Division of Banking) · wyomingbankingdivision.wyo.gov
- Wyoming has no state income tax · taxfoundation.org
- Kraken, first digital-asset company to receive a Wyoming SPDI bank charter · blog.kraken.com
- Wyoming Stable Token Commission · stabletoken.wyo.gov
Cite this data
Bitcoin-backed loan availability in Wyoming: 7 of 7 tracked lenders serve the state, from 7.25% APR. borrow/on/bitcoin, verified September 15, 2026. https://borrowonbitcoin.com/bitcoin-loans/wyoming
Free to cite with attribution and a link. Media inquiries welcome.
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