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Bitcoin Lending Services

Compare custodial and non-custodial Bitcoin lenders side by side. Filter by custody type, minimum loan, and more.

20lenders1.0–17.2%rates12custodial7non-custodial

Featured Lender

LednEst. 2018

Don't sell your bitcoin, borrow against it. Ledn has operated since 2018 and publishes a monthly Open Book Report, independently verified by The Network Firm LLP, so every bitcoin behind your loan is accounted for.

Borrow from 9.25% to 11.49% APR
Collateral held with a qualified independent custodian
Collateral is never lent out to earn interest
Monthly Open Book Report, independently verified

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Lender↑	Rate↑	Max LTV↑	Min Loan↑	Term	Custodian	Custody
Anchorage DigitalEst. Est. 2017	4%–12% p.a. (custom per facility)	60%	$500K	1-24 mo	In-house custody (OCC-regulated)	Custodial
Anchorage Digital offers custodial Bitcoin-backed loans from 4%–12% p.a. (custom per facility) at up to 60% LTV, custodied in-house (OCC-regulated). Full profile
APX LendingEst. 2023	9.99% +	60%	$10K	3-60 mo	Bitgo	Custodial
APX Lending offers custodial Bitcoin-backed loans from 9.99% + at up to 60% LTV, custodied by Bitgo, with no rehypothecation. Full profile
Arch LendingEst. 2022	7.25% +	60%	$5K	1-24 mo	Anchorage	Custodial
Arch Lending offers custodial Bitcoin-backed loans from 7.25% + at up to 60% LTV, custodied by Anchorage, with no rehypothecation. Full profile
CB CoinbaseEst. 2012	~5% (variable)	65%	None	0 mo	Morpho (on-chain)	Custodial
Coinbase offers custodial Bitcoin-backed loans from ~5% (variable) at up to 65% LTV, custodied by Morpho (on-chain), with no rehypothecation. Full profile
CL Crypto Lending by LendingUSAEst. 2015	7.99% to 15.24% fixed interest rates (9.89% to 17.17% APR)	70%	$10K	12 mo	Trusted custodian, not specified	Custodial
Crypto Lending by LendingUSA offers custodial Bitcoin-backed loans from 7.99% to 15.24% fixed interest rates (9.89% to 17.17% APR) at up to 70% LTV, custodied by Trusted custodian, not specified. Full profile
Figure MarketsEst. 2018	8.91% +	75%	$5K	3-36 mo	Anchorage	Custodial
Figure Markets offers custodial Bitcoin-backed loans from 8.91% + at up to 75% LTV, custodied by Anchorage, with no rehypothecation. Full profile
LanternEst. 2023	8% +	50%	$1K	12 mo	Bitgo	Custodial
Lantern offers custodial Bitcoin-backed loans from 8% + at up to 50% LTV, custodied by Bitgo, with no rehypothecation. Full profile
LednEst. 2018	9.25% - 11.49%	50%	$500	0-12 mo	Bitgo	Custodial
Ledn offers custodial Bitcoin-backed loans from 9.25% - 11.49% at up to 50% LTV, custodied by Bitgo, with no rehypothecation. Full profile
RO Roxom Credit LineEst. 2024	7.25% APR	50%	$200	0 mo	Fireblocks and other undisclosed third party providers	Custodial
Roxom Credit Line offers custodial Bitcoin-backed loans from 7.25% APR at up to 50% LTV, custodied by Fireblocks and other undisclosed third party providers, with no rehypothecation. Full profile
SALT LendingEst. 2016	7.49% +	70%	$5K	12-60 mo	Bitgo,FireBlocks	Custodial
SALT Lending offers custodial Bitcoin-backed loans from 7.49% + at up to 70% LTV, custodied by Bitgo,FireBlocks, with no rehypothecation. Full profile
STRIKEEst. 2018	7.75% +	50%	$5K	12 mo	Bitgo	Custodial
STRIKE offers custodial Bitcoin-backed loans from 7.75% + at up to 50% LTV, custodied by Bitgo, with no rehypothecation. Full profile
UnchainedEst. 2016	14% +	50%	$150K	3-12 mo	In-House	Custodial
Unchained offers custodial Bitcoin-backed loans from 14% + at up to 50% LTV, custodied by In-House, with no rehypothecation. Full profile

Data as of Aug 24, 2026

Direct answers

What's the lowest-rate Bitcoin loan right now?

Among custodial lenders, Arch Lending starts at 7.25%, the lowest we track, followed by Strike at 7.75%. Rates scale with LTV and term, and custodial lenders generally price below non-custodial marketplaces.

What's the difference between custodial and non-custodial lending?

Custodial lenders hold your Bitcoin with a third-party custodian (Anchorage, BitGo) or in-house for the life of the loan: simpler, usually cheaper, but you rely on their controls. Non-custodial lenders use multisig or marketplace escrow so no single party controls the collateral, giving you more sovereignty but often higher or market-set rates.

Which lender has the lowest minimum?

Ledn at $500 is the lowest custodial minimum, then SALT at $1,000. Most others start at $5,000 to $10,000.

Bitcoin Lending Tools

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Risk Simulator

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Risk Score Analysis

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Lending Articles, Guides, & Videos

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Frequently Asked Questions

Common questions about Bitcoin lending services.

What is a Bitcoin-backed loan?

A Bitcoin-backed loan lets you borrow fiat currency (USD, EUR, etc.) by pledging your Bitcoin as collateral. You keep upside exposure to Bitcoin while accessing liquidity without a taxable sale.

What is the difference between custodial and non-custodial lending?

Custodial lenders hold your Bitcoin collateral in their own wallets. Non-custodial lenders lock it in a smart contract or multisig arrangement, so you never give up direct control. See our guide on custodial vs non-custodial lending for more.

What does Loan-to-Value (LTV) mean?

LTV is the ratio of your loan amount to the value of your Bitcoin collateral. A 50% LTV on $20,000 of Bitcoin means you can borrow up to $10,000. If Bitcoin drops, your LTV rises and you may face a margin call or liquidation.

What happens if Bitcoin's price drops?

If the price falls and your LTV breaches the lender's threshold, they may issue a margin call (asking you to repay part of the loan or add more collateral) or liquidate a portion of your Bitcoin to restore the ratio.

Are Bitcoin loans taxable?

In most jurisdictions, borrowing against Bitcoin is not a taxable event. However, liquidation of collateral typically is. Always consult a qualified tax advisor for guidance specific to your situation.