Unchained Review: 2026 Bitcoin Loan Comparison
Rate data verified August 1, 2026 · Verified daily
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.
Your Unchained rate
BTC $63,038 · liveEstimate only, at BTC $63,038. Effective APR spreads Unchained’s 2.00% origination fee over 1 year. No credit pull · Confirm live terms with Unchained.
Key facts
- Multisig collaborative custody, borrower holds 1 of 3 keys
- Non-rehypothecation verifiable on-chain
- Operating since 2016
- Bitcoin-only focus
Refinancing
You can refinance into a new term by submitting a new application, subject to approval and current market terms; the new loan pays off the old one. Because the origination fee recurs and terms run 90–360 days, frequent refinancing adds up.
How Unchained compares at $100K
| Lender | APR | Max LTV | Rehypothecation | Cure window |
|---|---|---|---|---|
| Unchained | 14.18% | 50% | No | Yes |
| Arch (Standard) | 10.49% | 60% | No | Yes |
| Ledn | 11.49% | 50% | No | None stated |
| Strike | 11.02% | 50% | No | Yes |
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Head-to-head comparisons
Frequently asked
Is Unchained safe to borrow against Bitcoin?
Unchained is operating since 2016. Your collateral is handled via multi-signature collaborative custody (borrower holds a key). Unchained does not rehypothecate your Bitcoin. Insurance coverage: Not publicly posted. Security model is 2-of-3 multisig non-custodial + non-rehypothecation. No insurer or policy limit disclosed.. As with any Bitcoin-backed loan, review the custody model, liquidation thresholds, and loan terms carefully before borrowing.
What rates does Unchained charge?
Unchained charges 14.18% APR. Public calculator at unchained.com/loans shows 12% interest rate / 14.18% APR / 2% origination fee at $150K minimum / CTP 200% (50% LTV) / 12-month term. APR is effective APR inclusive of origination fee. Fortis Bank holds one key in 2-of-3 multisig alongside Unchained. Larger loan sizes may qualify for lower rates, contact for quote. Business entities only (no sole proprietors). Verified 2026-07-05. There is a 2% origination fee.
Does Unchained rehypothecate my Bitcoin?
No, Unchained does not rehypothecate your Bitcoin. Your collateral is held via multi-signature collaborative custody (borrower holds a key) and is not re-lent to other parties.
What states does Unchained serve?
Unchained is available in Most states (not LA, MT, NV, NM, NY, ND, SD). Not available in: LA, MT, NV, NM, NY, ND, SD Always confirm current availability directly with Unchained before applying, as state coverage can change.
How fast does Unchained fund loans?
Unchained typically funds within 2 days. Loan terms: 90 to 360 days; standard is 360 days (interest-only, principal at maturity); refinance available at maturity but requires new application. Actual timing may vary based on verification requirements and your specific situation.
What fees does Unchained charge?
Known fees include: a 2% origination fee; a 2% liquidation fee if collateral is sold; No prepayment penalty. Origination fee is non-refundable on early payoff.. Always request a full fee disclosure from Unchained before signing any loan agreement.
How does Unchained compare to other Bitcoin loan lenders?
To see Unchained 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: