Legal
Disclosures
Last updated: 2026-09-12
Lending disclosure
borrowonbitcoin.com is a loan comparison and publishing website operated by Sypher Capital. We are not a lender. We do not originate, fund, service, or make credit decisions on any loan, and we do not charge you to use this site. The Bitcoin-backed loan products shown here are offered by independent third-party lenders. Any loan you take out is a contract between you and that lender, not with us.
Rates and terms vary by lender, loan amount, collateral, state, and your borrower profile. Across the lenders we currently track, representative effective rates range from about 7.25% to 18.9% APR (annual percentage rate, inclusive of origination fees where a lender charges them), at loan-to-value ratios from roughly 50% to 90%. Repayment terms vary by lender and commonly run from about 3 months to 60 months, and some lenders offer interest-only or open-ended revolving credit lines. Representative example: a $50,000 loan at 11.0% APR on a 12-month interest-only term would accrue about $5,500 in total interest (about $458 per month), with the $50,000 principal repaid at the end of the term. This example is illustrative only and is not an offer of credit.
Actual rates, fees, loan-to-value limits, repayment schedules, and state availability are set by each lender and can change at any time without notice. The figures shown on this site are estimates for comparison, not a quote, an approval, or a commitment to lend, and all loans remain subject to each lender's own underwriting. Review each lender's full terms, fees, and disclosures on the lender's own website before you apply.
Rate and terms accuracy
Examples, sample rates, and lender match data shown on this site are not a guarantee, agreement, or commitment to extend credit. Interest rates, LTV ratios, custody arrangements, fees, and terms are subject to change at any time without notice. Lenders are not available in all states at all requested amounts. All loan and mortgage applications remain subject to credit approval and underwriting by the individual lender, not by us. Information shown here may be different from what you see when you visit a lender's own website. Verify all rates, terms, and conditions directly with the lender before applying.
We review each lender's published rate page weekly. The “Verified” date on each lender row indicates when we last confirmed the data.
Risks of borrowing against Bitcoin
Borrowing against Bitcoin involves significant risks that differ from traditional secured lending. Before applying for a Bitcoin-backed loan or mortgage, understand the following:
Liquidation risk
If Bitcoin's price falls, lenders may issue a margin call requiring you to post additional collateral or repay part of the loan. If you cannot, the lender will sell some or all of your pledged Bitcoin to cover the loan balance. Different lenders have different margin call thresholds, cure periods, and liquidation processes, verify these directly with the lender before pledging collateral.
Rehypothecation risk
Some lenders re-lend (rehypothecate) the Bitcoin you pledge as collateral. If those counterparties default, your collateral may be at risk even if you make every payment on time. Lenders that explicitly disclaim rehypothecation are noted in our comparison. The recent failures of BlockFi, Celsius, Voyager, and Genesis illustrate the worst-case outcomes when collateral is rehypothecated without sufficient backstops.
Custody risk
Custody arrangements vary substantially across lenders, from qualified third-party custodians (BitGo, Anchorage, Coinbase Custody), to multisig collaborative custody where the borrower retains a key, to lender-held pools where the lender holds collateral directly. We label each lender's custody model in the comparison; understand the model before pledging.
Tax treatment
Borrowing against Bitcoin is generally not a taxable event in the United States, but a forced liquidation (margin call) is a sale event that may trigger capital gains. Consult a tax professional familiar with cryptocurrency tax treatment before borrowing.
State availability
Not all Bitcoin-backed loan and mortgage products are available in all US states. Some states have restrictions or specific licensing requirements that affect product availability. We display each lender's supported states in the comparison.
Regulatory and counterparty risk
This category is regulated unevenly across states and jurisdictions. Several major lenders have failed or been subject to enforcement actions in recent years. We exclude lenders with active enforcement actions where we are aware of them, but new actions can emerge between our weekly reviews. Always check a lender's current regulatory status.
Editorial independence
borrowonbitcoin.com lists every lender we can verify, regardless of whether we have an affiliate relationship with them. Our default sort applies the same composite scoring formula to every lender, weighted across rate, custody quality, rehypothecation posture, and product track record. Affiliate compensation does not change a lender's score, position, or the data we publish about them.
Lenders cannot pay us to be included, removed, ranked higher, or described more favorably. Compensation may influence which lenders we proactively reach out to for affiliate relationships, but it does not affect editorial decisions about the comparison itself.
How we're compensated
We may receive compensation from some lenders when users click through to them from our site. Compensation may take the form of a fee per click, a fee per qualified application, or a fee per funded loan. The specific compensation structure varies by lender.
We do not receive compensation for the data, scoring, or editorial content on this site. We do not sell user information to lenders.
Current affiliate partners: We currently have affiliate relationships with APX Lending, Arch, CoinRabbit, Figure, Ledn, Nexo, and SALT on the lending side, and with Coinbase Card, Coinbase One Card, Crypto.com, and Gemini on the card side. This list is generated from our live records rather than maintained by hand, so it reflects who we earn from today.
Partner rates and reader offers
Some lenders price their loans differently for borrowers who arrive through Borrow on Bitcoin, and one pays a cash bonus. These are offers the LENDER extends and applies; we do not set, negotiate on your behalf, grant, or advise on any of them, and every rate and term is set by the lender. We are a comparison publisher, not a broker or a lender. The discounted figures we show anywhere on this site are estimates, and your actual rate comes from the lender.
| Lender | Offer | How it is applied |
|---|---|---|
| Arch | 0.50% below its standard rate | Applied by the lender at origination. No code required. |
| Ledn | Up to 0.25% below its standard rate | Applied by the lender at origination. No code required. |
| Figure | Up to $100 cash bonus. The rate does not change. | Requires code BORROWONBITCOIN, entered at the lender. |
What "exclusive" means, per lender
These are not the same claim and we do not present them as one. Arch negotiated its discount for Borrow on Bitcoin readers specifically. Ledn's is extended to partners selected for Ledn's affiliate program rather than to the general public, so it is exclusive to that group of partners and not to us. Figure's offer is a cash bonus paid by Figure, not a rate change: Figure's APR, origination fee and LTV terms are unchanged, and it is the only one of the three that requires you to enter a code.
Where these offers appear, and where they do not
The discount is applied in your personalised comparison results and in the default sort there, where the question is what you would actually pay. It is shown on each partner lender's own page and on that lender's offer page. It is deliberately NOT applied to the BoB Bitcoin Loan Rate Index, to our public rate tables, to the comparison pages, to the state pages, or to any data endpoint, all of which quote each lender's standard published rate. A discount available only to borrowers who arrive through one referrer is not a market rate, and folding it into a figure we ask other people to cite would let our own commercial arrangements move that figure.
None of these arrangements changes which lenders we list, how they are scored, or where they rank on any page outside your personalised results. A lender without an offer is not ranked lower for lacking one.
What we are not
borrowonbitcoin.com is published by Sypher Capital. We are a publisher of public information about Bitcoin-backed lending. We are not a lender. We do not originate, fund, service, or hold any loan. We are not a broker or money transmitter, we do not accept applications or transmit financial credentials. We are not a registered investment advisor, nothing on this site is personalized financial advice.
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