Figure Review: 2026 Bitcoin Loan Comparison
Rate data verified July 28, 2026 · Verified daily
Publicly traded on Nasdaq (FIGR; $7.6B IPO Sept 2025). Crypto-backed loans are offered through Figure Markets; collateral is held via Fireblocks MPC custody, operated by Figure itself rather than an independent qualified custodian, and is not rehypothecated. No credit check. 12-month term. Also offers a HELOC product where BTC can be posted in escrow alongside home equity.
Your Figure rate
BTC $63,789 · liveEstimate only, at BTC $63,789. Effective APR spreads Figure’s 0.85% origination fee over 1 year. No credit pull · Confirm live terms with Figure.
Key facts
- Publicly traded (Nasdaq: FIGR, $7.6B IPO Sept 2025)
- Fireblocks MPC custody, operated by Figure; no rehypothecation
- No credit check on crypto-backed loan
- Same-day approval available
- HELOC variant with optional BTC pledge available
Refinancing
Loans run a 12-month interest-only term (up to roughly 75% initial LTV). At maturity you can roll into a new loan if your LTV is in range and you still qualify; a renewal fee may apply.
How Figure compares at $100K
| Lender | APR | Max LTV | Rehypothecation | Cure window |
|---|---|---|---|---|
| Figure | 9.76% | 75% | No | None stated |
| Arch (Standard) | 10.49% | 60% | No | Yes |
| Ledn | 11.49% | 50% | No | None stated |
| Strike | 11.02% | 50% | No | Yes |
See all lenders at your loan size →
Figure articles & comparisons
Figure Is Giving Borrow on Bitcoin Readers Up to $100 in Bonuses (2026)
Figure created a BORROWONBITCOIN promo code for our readers: $50 for taking a crypto-backed loan and $50 for funding your account, plus a referral bonus. Here is exactly how it works.
Read article →Coinbase vs Figure: Bitcoin Loan Comparison (2026)
Coinbase's DeFi USDC loan vs Figure's higher-LTV dollar loan from a public company: rate, LTV, custody, liquidation, and payout compared so you can see which fits.
Read article →Bitcoin Loan Rates June 2026: Where APRs Stand and How to Compare Lenders
Current Bitcoin-backed loan rates for June 2026: the average all-in APR at $100k and 50% LTV across US lenders, plus how borrowing more or at a lower LTV changes your rate.
Read article →Head-to-head comparisons
Key risks
- Collateral is held in Figure-operated MPC custody rather than with an independent qualified custodian, so custody assurance depends on Figure-operated controls
- A forced liquidation, if it occurs, carries a 2% processing fee
Frequently asked
Is Figure safe to borrow against Bitcoin?
Figure is operating since 2018. Your collateral is handled via lender-held pool. Figure does not rehypothecate your Bitcoin. Insurance coverage: Not publicly posted. As with any Bitcoin-backed loan, review the custody model, liquidation thresholds, and loan terms carefully before borrowing.
What rates does Figure charge?
Figure charges 9.76%–12.35% APR. Two LTV tiers. All-in APR = interest rate + origination fee (0.85%, 12-month term): up to 50% LTV = 8.91% + 0.85% = 9.76% APR; >50-75% LTV = 11.50% + 0.85% = 12.35% APR. Origination is the only up-front fee. A 2% processing fee applies to collateral sold in a margin call or liquidation. No prepayment penalty. 12-month interest-only, qualified custodian. Source: figure.com crypto-backed-loan calculator (NY), verified 2026-07-05. There is a 0.85% origination fee.
Does Figure rehypothecate my Bitcoin?
No, Figure does not rehypothecate your Bitcoin. Your collateral is held via lender-held pool and is not re-lent to other parties.
What states does Figure serve?
Figure is available in Most states (not ID, IL, KY, MD, MS, NY, SD, TX, VT, VA, DC). Not available in: ID, IL, KY, MD, MS, NY, SD, TX, VT, VA, DC Always confirm current availability directly with Figure before applying, as state coverage can change.
How fast does Figure fund loans?
Figure typically funds within Not publicly posted. Loan terms: 12-month term. Actual timing may vary based on verification requirements and your specific situation.
What fees does Figure charge?
Known fees include: a 0.85% origination fee; a 2% liquidation fee if collateral is sold. Always request a full fee disclosure from Figure before signing any loan agreement.
How does Figure compare to other Bitcoin loan lenders?
To see Figure side-by-side with every other major Bitcoin loan lender, rates, custody model, LTV, and more, use the free comparison tool at borrowonbitcoin.com. You can sort by APR, LTV, funding speed, or custody model and filter to your state.
Bitcoin loans by state
Which lenders operate where, plus the sell-vs-borrow tax angle for your state: