SALT Review: 2026 Bitcoin Loan Comparison
Rate data verified July 28, 2026 · Verified daily
Operating since 2016. APR tiered by LTV: 7.49% at 30% LTV, 8.75% at 50%, 10.50% at 70%. No origination fee. Loan agreement states it does not rehypothecate (no third-party lending of collateral).
Your SALT rate
BTC $63,774 · liveEstimate only, at BTC $63,774. No credit pull · Confirm live terms with SALT.
Key facts
- Operating since 2016
- Up to 70% LTV, the highest among general loans on this list
- APR tiered by LTV (9.95% / 10.95% / 14.45%)
- International availability: Australia, Canada, Brazil, Portugal, Switzerland, UK, UAE, Vietnam
Refinancing
You can refinance into a new term at any time or at maturity, subject to your LTV, and you can increase your loan amount mid-term. An origination fee may apply to refinances.
How SALT compares at $100K
| Lender | APR | Max LTV | Rehypothecation | Cure window |
|---|---|---|---|---|
| SALT | 8.75% | 70% | No | Yes |
| Ledn | 11.49% | 50% | No | None stated |
| Arch (Deferred) | 10.99% | 60% | No | Yes |
| Arch (Standard) | 10.49% | 60% | No | Yes |
See all lenders at your loan size →
SALT articles & comparisons
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 →Coinbase vs SALT: Bitcoin Loan Comparison (2026)
Coinbase's DeFi USDC loan vs SALT's dollar loan with stabilization: rate, LTV, custody, margin-call handling, and terms compared.
Read article →SALT Cuts Bitcoin Loan Rates Across the Board (2026): New APRs From 7.49%
SALT lowered its Bitcoin-backed loan rates across every LTV tier and term and dropped origination to zero. The full before-and-after and what it means.
Read article →Head-to-head comparisons
Key risks
- Briefly paused customer withdrawals during the November 2022 market stress and later resumed them
- As with custodial lenders that hold collateral in their own name, pledged Bitcoin could be treated as a general unsecured claim in a bankruptcy
- Regulatory history includes a settled 2020 SEC matter tied to its 2017 token sale and a 2024 California DFPI consent order, both resolved; as with any lender, confirm active licensing in your state
Frequently asked
Is SALT safe to borrow against Bitcoin?
SALT is operating since 2016. Your collateral is handled via lender-held pool. SALT 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 SALT charge?
SALT charges 7.49%–10.5% APR. 12-month standard tiers: 30% LTV: 7.49% APR · 50% LTV: 8.75% APR · 70% LTV: 10.5% APR. 0% origination fee on SALT's standard schedule (some states may add ~1%). 1, 3, and 5-year terms available; 70% LTV offered on the 12-month term only. State-specific pricing — rates shown are standard (non-promotional). Source: SALT term-options API (via saltlending.com), cross-checked against saltlending.com/rates-and-fees. There is no origination fee.
Does SALT rehypothecate my Bitcoin?
No, SALT does not rehypothecate your Bitcoin. Your collateral is held via lender-held pool and is not re-lent to other parties.
What states does SALT serve?
SALT is available in Most states (not NY, ND, SD). Not available in: NY, ND, SD Always confirm current availability directly with SALT before applying, as state coverage can change.
How fast does SALT fund loans?
SALT typically funds within 1–2 business days. Loan terms: 1, 3, or 5 years; rates increase with term length; 70% LTV available on 1-year only. Actual timing may vary based on verification requirements and your specific situation.
What fees does SALT charge?
Known fees include: no origination fee; No origination fee, no late fees, and no prepayment penalty. If a margin call goes uncured, Salt does not run a traditional liquidation; it stabilizes the loan by converting the bitcoin collateral to USDC (a 3% conversion fee) and leaves the loan in place, with a further 2% fee to convert the USDC back to bitcoin later.; No prepayment penalty and no late fees.. Always request a full fee disclosure from SALT before signing any loan agreement.
How does SALT compare to other Bitcoin loan lenders?
To see SALT 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: