Bitcoin Lender Reviews

Arch

Bitcoin-backed loan with Anchorage Digital qualified custody, segregated wallets, $100M Lloyd's of London insurance, and explicit no-rehypothecation policy. Multi-collateral: BTC, ETH, SOL.

CoinRabbit

Operating since November 2020. $1.45B+ originated. Low $100 minimum loan, ~10 minute funding, 350+ collateral assets supported. Specific qualified custodian not disclosed publicly.

Figure

Publicly traded on Nasdaq (FIGR; $7.6B IPO Sept 2025). Decentralized MPC custody via Figure Markets. No credit check on the crypto-backed loan. Also offers a HELOC product where BTC can be posted in escrow alongside home equity.

Ledn

Operating since 2018; + originated. Two custody options at identical rates: Standard (collateral pooled and re-lent) or Custodied (collateral held securely, not re-lent to generate interest). Rates tiered 9.99%%–11.49%% by loan size, plus 2%% admin fee. Investment-grade BBB- ABS issuance March 2026. Tether strategic investment Nov 2025.

SALT

Operating since 2016. APR tiered by LTV: 9.95% at 30% LTV, 10.95% at 50%, 14.45% at 70%. Terms explicitly allow rehypothecation. California DFPI suspended lending license in 2024; SEC fined in 2020 for unregistered ICO; paused withdrawals Nov 2022.

Strike

Bitcoin-only loans with no origination fee. Collateral held by Strike or capital partners in segregated wallets — no named third-party qualified custodian. Proof-of-reserves published. $2.1B credit facility with Tether.

Unchained

Operating since 2016. Multisig collaborative custody: borrower holds 1 of 3 keys. Non-rehypothecation is verifiable on-chain. $150K–$1M loan range. Rates by consultation; not publicly posted.

Better

First Fannie Mae-conforming crypto-backed mortgage, launched March 26, 2026 by Better in partnership with Coinbase. Standard Fannie Mae conforming first mortgage + BTC-pledged second loan funds the down payment. All 50 states. No-margin-call structure.

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.

Milo

Operating since 2018; first crypto mortgage 2022. $100M+ originated including a record $12M single transaction (Feb 2026). Coinbase or BitGo qualified custody with self-custody option. Foreign nationals are a core market.

Moon Mortgage

Operating since 2022. Anchorage Digital qualified custody. $1M minimum loan; average loan ~$1.6M. Rates not publicly posted — contact directly.

Newrez

First top-25 mortgage lender to formally accept crypto for income/asset qualification (2026). No collateral pledge. No margin call risk. Borrower keeps custody of their Bitcoin. Nationwide footprint.

Rate

Major established mortgage lender (Rate, formerly Guaranteed Rate, founded 2000). RateFi crypto product launched Feb 2026. Asset-qualification model: crypto counts toward qualification, no pledge. All 50 states.