LendFriend vs Moon Mortgage
Keep your coins and qualify with them, against pledging them for a large institutional loan.
Rates as of May 2026 · Verified weekly · By Michael Song
Moon Mortgage$100k loan, 50% LTV · Max LTV 100%
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The bottom line
LendFriend uses a qualify-with-crypto model where your bitcoin supports the application but stays in your custody, with no collateral margin-call risk. Moon Mortgage pledges your bitcoin with Anchorage as collateral for a large, by-consultation non-QM loan. Choose LendFriend to keep custody of your coins; choose Moon Mortgage for a large purchase backed directly by your bitcoin.
Conditional guidance, not a recommendation. The right pick depends on your loan size, LTV, state, and what you value most. Rates can change; the table below is the live source.
LendFriend vs Moon Mortgage, side by side
 LendFriend | Moon Mortgage | |
|---|---|---|
| Max LTV | Not published | 100% |
| Custody model | Borrower-held | Qualified custodian (Anchorage Digital) |
| Rehypothecation | No | No |
| Minimum loan | Not published | $1,000,000 |
| Maximum loan | $3,000,000 | No stated maximum |
| Prepayment | Varies by partner lender | Not published |
| Operating since | 2020 | 2022 |
| Availability | All 50 states | All 50 states |
Custody and counterparty risk
LendFriend holds collateral via borrower-held, while Moon Mortgage uses qualified custodian (Anchorage Digital). Neither rehypothecates collateral.
Track record and availability
LendFriend has the longer history, operating since 2020 versus 2022.
Strengths and trade-offs
LendFriend
- Network of crypto-friendly partner lenders
- Asset depletion qualification model
- 13-state footprint
- Refinance available (purchase, refi, cash-out)
- Smaller broker operation, not a direct lender
- Some partner pathways involve pledged collateral
- Specific rate sheet not publicly posted, verify directly
- Only 13 states covered
Moon Mortgage
- Anchorage Digital qualified custody
- $1M minimum loan
- 14-day close possible
- Standard mortgage requirements (DTI, credit, appraisal)
- APR not publicly posted, verify directly with company
- Owner-occupied limited to FL, TX, CO
- Company founded 2022
About each lender
LendFriend
Broker-style mortgage operation specializing in crypto-holding borrowers. Works with a network of partner lenders. Asset-depletion qualification model standard; some partners use pledged collateral. 13-state footprint.
Moon Mortgage
Operating since 2022. Anchorage Digital qualified custody. $1M minimum loan; average loan ~$1.6M. Rates not publicly posted, contact directly.
Frequently asked
Which has lower custody risk, LendFriend or Moon Mortgage?
LendFriend uses borrower-held and Moon Mortgage uses qualified custodian. Neither rehypothecates pledged collateral.
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified May 15, 2026. How we verify rates · Full disclosures.