Firefish
Bitcoin Only
Non-custodial Bitcoin-backed lending platform where collateral is held in Bitcoin mainnet multisig escrow instead of with a centralized custodian.
Interest Rates
Rate5% APR
Rate notes
From 5%
Loan Details
Minimum Loan$800
Maximum LoanNot publicly listed
Max LTV50%
Example Loan Calculation
Based on a $50,000 loan at 5% APR over 24 months
$2,194
Monthly Payment
$52,646
Total Payment
$2,646
Total Interest
Illustrative estimate only. Actual rates, fees, payment schedules, and payoff amounts may vary.
Frequently Asked Questions About Firefish
Firefish: 5% APR. Actual rates depend on loan-to-value ratio, loan amount, and term length.
The minimum loan amount at Firefish is $800. This allows both small and large borrowers to access Bitcoin-backed lending.
Firefish has a risk score of 7.4/10 based on our analysis of custody practices, regulatory compliance, and operational history. Always conduct your own research before depositing Bitcoin as collateral.
Firefish offers a maximum loan-to-value (LTV) ratio of 50%. This means you can borrow up to 50% of your Bitcoin's current value. Higher LTV means more borrowing power but also higher liquidation risk.
Firefish offers loan terms of 3 to 24 months. Borrow cash against BTC using loan terms set through the Firefish marketplace
About this analysis
21Rates Editorial TeamBitcoin Financial Research Analysts
Our research team analyzes Bitcoin lending platforms using proprietary risk scoring, rate comparison data, and user reviews. We independently verify lender terms and maintain up-to-date information to help you make informed borrowing decisions.
Last verified: Oct 22, 2026