SALT Lending

Low risk: Uses Bitgo,FireBlocks custody solution with strong security practices

Low risk: No rehypothecation of collateral

Moderate: Max LTV of 70% is industry standard

Good: Some transparency measures in place

Elevated Risk: California license suspended in 2022 after FTX exposure (reinstated 2025).

Custodian insured: Client assets protected through custodian's insurance policy

Excellent: Clear terms, fees, and policies publicly available

Early pioneer in Bitcoin-backed lending with a structured loan model SALT Lending was one of the early pioneers in Bitcoin-backed lending, offering users a way to access liquidity without selling their Bitcoin. The platform provides clearly defined loan structures, collateral requirements, and repayment terms, making it easier for borrowers to understand their exposure. The service focuses on secured lending rather than yield-driven products, which helps reduce some of the risks commonly associated with crypto lending platforms. Communication around collateral management and loan conditions is generally transparent, contributing to a more disciplined lending experience. That said, SALT’s history in a volatile sector and the evolution of lending standards over time mean it faces strong competition from newer, more conservative platforms. Overall, SALT Lending remains a solid and structured option for users who understand the risks of Bitcoin-backed loans and value its long-standing presence in the market.

Easy Access to Crypto-backed Loans I’ve used SALT Lending a few times for quick crypto-backed loans, and it’s been a smooth process. The application is simple, and the interest rates are fair compared to others. Customer support is responsive, though I wish they offered more flexibility on loan terms.