Loans
Access liquidity without selling your Bitcoin. Compare BTC-backed loan providers.
Unchained
Access US dollar liquidity without selling your bitcoin. 10% off with code BITBO10.
Ledn
Bitcoin-backed loans with fast funding and transparent risk controls. Same-day funding available.
Strike
Bitcoin-backed loans with market-leading terms. Available for individuals and businesses in select US states.
Coinbase Loans
Get instant USDC loans against your crypto. Powered by Morpho's onchain lending protocol on Base.
Compare Bitcoin Loan Providers
| Provider | Best For | Type | APR | LTV | Minimum |
|---|---|---|---|---|---|
|
Unchained
|
Commercial/business loans | 🏢 Commercial | From 15.2% | 50% | $10,000 |
|
Ledn
|
Fast funding & global access | 👤 Retail | 11.9% | 50% | $1,000 |
|
Strike
|
Personal & business loans | 👤 Retail | From 9.5% | 50% | $10,000 |
|
Coinbase Loans
|
Lowest rates & DeFi integration | 👤 Retail | From 5% | Up to 86% | No minimum |
Loan Cost Calculator
Estimate your interest costs across different providers
Quick Comparison (12-month, $10,000 loan)
* Estimates are for illustrative purposes only. Actual rates may vary based on loan amount, collateral, and market conditions. Does not include potential fees.
Provider Details
Unchained
Unchained Capital is a US-based Bitcoin lending platform specializing in commercial Bitcoin-backed loans for businesses. Note that Unchained only offers commercial loans—not retail/personal loans. Loans feature fixed repayment schedules, no rehypothecation of client assets, and borrowing limits up to $1,000,000 for eligible businesses. Your Bitcoin collateral is never lent out or rehypothecated.
- No rehypothecation—your BTC is never lent out
- Loans up to $1,000,000
- Collaborative custody with multisig security
- Fixed repayment schedules
- IRA and retirement account services available
- Established US-based company
- Commercial loans only—no retail/personal loans
- US only (excludes several states)
- Higher APR starting at 15.2%
- $10,000 minimum loan amount
- Fixed monthly payments required
Ledn
Ledn is a Bitcoin-only crypto lending platform offering simple BTC-backed loans for individuals and businesses with fast funding and transparent risk controls. Loans are funded same-day in USD, USDC, or local currency. No credit checks required and no monthly payments—repay anytime before the 12-month term ends with no penalties. Collateral is held securely in custody and is not lent out.
- Available for individuals (retail) and businesses
- Same-day funding available
- No monthly payments required
- No early repayment penalties
- Available in 100+ countries
- Proof of Reserves every 6 months
- No credit check required
- Custodied collateral option (not lent out)
- 11.9% APR higher than some competitors
- BTC-only (no other crypto collateral)
- Collateral may be posted to funding partners
Strike
Strike offers bitcoin-backed loans for both individuals and businesses in select US states. Unlock your bitcoin's buying power without selling—use BTC as collateral to access cash liquidity while maintaining long-term bitcoin exposure. Loans feature competitive 9.5% APR starting rates, 50% maximum LTV, and flexible payment options. Choose monthly interest payments with principal at maturity, or pay everything at once. No origination fees, no early repayment penalties, and loans aren't reported to credit agencies.
- Available for individuals (retail) and businesses
- Competitive 9.5% starting APR
- No origination fee
- No early repayment fee
- Early closure available after 60 days
- Not reported to credit agencies
- Flexible payment options (monthly or at maturity)
- Loans up to $5,000,000+ (contact for larger amounts)
- 50% max initial LTV provides safety buffer
- US only (select states)
- Minimum varies by state ($10k-$250k for individuals)
- 12-month fixed term only
- Margin calls or liquidation if collateral value drops significantly
- Not available for businesses in all states
Coinbase Loans
Coinbase offers crypto-backed loans for individuals powered by Morpho's billion-dollar onchain lending protocol on Base. Borrow USDC instantly against your BTC or ETH with rates as low as 5%—significantly lower than most competitors. No monthly payments, no deadlines, and repay whenever you want. Your BTC is converted to cbBTC and held in Morpho smart contracts as collateral. A one-time fee is charged on each borrow.
- Available for individuals (retail loans)
- Lowest rates in the market (from 5% APR)
- No monthly payments or deadlines
- Borrow up to $5,000,000 USDC
- Instant loan funding
- Tax-efficient (not treated as taxable event)
- Powered by audited DeFi protocol (Morpho)
- Repay anytime with no penalties
- US only (excludes New York)
- BTC converted to cbBTC for collateral
- 86% LTV liquidation threshold requires monitoring
- One-time fee charged on each borrow
- Collateral held onchain, not with Coinbase
Disclaimer: The information provided on this page is for informational purposes only and does not constitute financial advice. Bitcoin-backed loans involve significant risk—if the value of your collateral drops significantly, you may be required to add more collateral or face liquidation. Interest rates, terms, and availability are subject to change without notice. Always read the full terms and conditions before taking out any loan. Some links on this page may be affiliate links.