Refinance
Refinance Your Bitcoin Loan
By Steven Han and Michael Song
Already borrowing against your Bitcoin? See how every other lender compares on starting rate, what it costs to refinance, and how your collateral is held.
IndependentNo credit pullRates verified daily
Bitcoin-Backed Loans (8 lenders) · Rates verified September 23, 2026
| Lender | APR range | |
|---|---|---|
Arch Unchanged since May 18, 2026 | 7.25–10.49% | Learn more |
SALT Changed June 15, 2026 | 7.49–10.50% | Learn more |
APX Lending Changed August 22, 2026 | 9.99–11.49% | Learn more |
Figure Changed June 26, 2026 | 9.76–12.35% | Learn more |
Ledn Unchanged since May 18, 2026 | 9.25–11.49% | Learn more |
Unchained Unchanged since June 16, 2026 | 14.18% | Learn more |
Strike Changed June 26, 2026 | 7.75–11.25% | Learn more |
Nexo Changed July 15, 2026 | 15.90% | Learn more |
Compare your refinance options in seconds
Tell us who you borrow from now and we'll show how every other lender stacks up. No credit pull, and we never tell your current lender.
Refinancing a Bitcoin-backed loan means replacing your current loan with a new one at today’s rates, either with your existing lender or a different one. You pay off the original balance and open a fresh loan against the same Bitcoin, ideally at a lower effective APR, a higher loan-to-value cap, or a custody arrangement you trust more.
People refinance for a handful of reasons: rates have fallen since they borrowed, they want a lower origination fee, they would rather their coins sit with a qualified custodian than in a lender’s pooled wallet, or their Bitcoin has appreciated and they want to pull out additional cash. The comparison above surfaces where every other lender stands so you can see whether switching is worth the cost.
The trade-off is the switching cost: a new origination fee, any early-payoff or prepayment terms on your current loan, and the operational step of moving collateral. Weigh the all-in cost, not just the headline rate. For open, revolving credit lines there is no fixed maturity to refinance, and we flag that in your results.
Frequently asked questions
What does it mean to refinance a Bitcoin loan?
Refinancing means paying off your existing Bitcoin-backed loan and opening a new one at current rates, usually to get a lower effective APR, a higher loan-to-value cap, or a custody model you prefer. You can refinance with your current lender or move to a different one, and your Bitcoin stays the collateral either way.
When is it worth refinancing a Bitcoin loan?
It is usually worth it when the rate you can get elsewhere, after the new origination fee and any early-payoff cost on your current loan, is meaningfully lower than what you pay now. Falling rates, an exclusive partner discount, or wanting a qualified custodian instead of a pooled wallet are common triggers. Compare the all-in cost, not just the headline APR.
Does refinancing a Bitcoin loan require a credit check?
Most Bitcoin-backed loans need no credit check because the loan is secured by your Bitcoin, not your credit history. Comparing lenders here never triggers a credit pull. Confirm each lender’s policy at application, as a few may run a soft check.
Will my current lender know I am comparing options?
No. Comparing here is anonymous and we never contact or notify your current lender. You only engage a new lender if and when you decide to move your loan.
Can I refinance to pull out more cash?
Sometimes. If your Bitcoin has appreciated, some lenders let you refinance into a larger loan at the same loan-to-value, releasing additional cash. That raises your balance and your margin-call risk, so weigh it against the buffer you want before a price drop.
Related Guides
Deeper reading on refinancing and borrowing against Bitcoin.
- August 17, 2026Bitcoin Loan Rates August 2026: Where APRs Stand and How to Compare LendersCurrent Bitcoin-backed loan rates for August 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 guide
- August 17, 2026Bitcoin Loan Rates July 2026: Where APRs Stood Across US Lenders (Covers July 2026)Bitcoin-backed loan rates for July 2026: the average all-in APR at $100k and 50% LTV across the six US lenders in our index, what changed during the month, and how the figures compare to June and August.Read guide
- August 17, 2026DeFi Bitcoin Loan Rates August 2026: Onchain Borrow APRs Across ProtocolsCurrent onchain Bitcoin borrow rates for August 2026: the TVL-weighted average variable USDC APR against wrapped Bitcoin across 10 DeFi protocols, how much they moved during the month, and how they compare to centralized lenders.Read guide
- August 17, 2026DeFi Bitcoin Loan Rates July 2026: Onchain Borrow APRs Across Protocols (Covers July 2026)Onchain Bitcoin borrow rates for July 2026: the TVL-weighted average variable USDC APR against wrapped Bitcoin across 10 DeFi protocols, how far individual markets moved during the month, and how they compared to centralized lenders.Read guide
- August 4, 2026Which Bitcoin Lenders Publish Proof of Reserves, and What It Actually Proves (2026)Two of the ten active US Bitcoin lenders publish a third-party reserves attestation. Here is who, what their reports cover, and the four things proof of reserves does not tell you.Read guide
- August 4, 2026The Custody Premium: What a Custodian Actually Costs You (2026)Custodial Bitcoin lenders charge about six percentage points more than on-chain protocols. We measure that gap daily. Here is what the premium buys, and when it is worth paying.Read guide
“Refinancing” here means paying off your existing Bitcoin-backed loan and opening a new one at current rates, usually with the same or a different lender. borrowonbitcoin.com is a comparison publisher. We are not a lender, broker, or registered investment advisor. We may receive compensation from some lenders featured; this does not influence our default ordering. Full disclosures.