Bitcoin-collateralized lending INTELLIGENCE TERMINAL · BETA

Every lender that takes Bitcoin as collateral. One table.

Rates, effective APR, max LTV, liquidation thresholds, custody model, and risk — verified against each lender's own terms, with a source link on every row. Now with live price, a loan calculator, a liquidation-price tool, and side-by-side cost comparison.

Market snapshot VERIFIED · 13 JUN 2026
10
Lenders verified
3
Bitcoin-only
4.6%
Lowest APR
50%
Typical max LTV
4
On watchlist
Borrower tools

Live calculators driven by the current Bitcoin price. All figures are estimates for planning only — confirm exact terms with each lender.

Loan calculator

How much BTC you'd post, your LTV, and the interest over the term.
$
BTC collateral required
Collateral value
Interest over term
Total to repay

Liquidation calculator

The BTC price at which you'd get a margin call or be liquidated.
$
BTC
0%safemarginliquidation
Current LTV
Margin call if BTC falls to
Liquidation if BTC falls to

Compare cost across every lender

Enter a loan size and term. We rank the real first-year cost across all verified lenders, using each one's representative rate.
$
LenderRate (APR)Interest / termBTC at 50% LTVMin loanRiskGo

Lender intelligence

Each row reflects the lender's entry-level published terms for a Bitcoin-collateralized USD or stablecoin loan. Click a column header to sort.

Lender Type APR Eff. APR Max LTV Liq. LTV Term Fees Custody Min loan Risk Verify

↓ tiered — rate drops for larger loans · * see notes · var = variable, moves with market · Eff. APR includes typical fees and is indicative; real cost depends on loan size and term.
Verified against each lender's published terms, week of 9 Jun 2026. Rates change frequently — always confirm at the source before borrowing.

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◆ Rate history
90-day APR trend per lender, charted from our weekly verified readings.
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Unlock verified rate history

See the 90-day APR trend for every lender, side by side — built from our weekly verified readings, not estimates.

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LTV alerts

Email + push when a lender changes max LTV or liquidation thresholds.

Risk scores

Custody, rehypothecation, and solvency scoring with the full model.

Incident log

Tracked freezes, hacks, and regulatory actions across all lenders.

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Methodology

Every lender that accepts Bitcoin as loan collateral is eligible — centralized (CeFi) and decentralized (DeFi). Each row reflects the lender's entry-level published terms for a Bitcoin-collateralized USD or stablecoin loan, with a link to the source.

APR is the starting or representative rate; tiered lenders price lower at larger sizes. Effective APR folds in typical fees and is indicative only. Liquidation LTV is the threshold at which collateral is sold; for some lenders the figure shown is a margin-call trigger, noted below.

Notes. Ledn: collateral may be re-posted to an institutional funding partner — confirm current custody terms. Strike: rate and minimum vary by source; verify before relying. Unchained: a margin call results in full-position liquidation. SALT: 75% shown is the first margin call, not liquidation. Nexo: lowest rates require holding NEXO tokens; base tier is higher.

Risk tiers are an editorial assessment based on custody model, rehypothecation policy, and track record — not a rating or endorsement. Information only, not financial advice.

Watchlist (pending verification): YouHodler, Figure, APX Lending, Lantern. Listed here, not published in the table, until their terms are confirmed at source.

Risk tiers

LOWSegregated or collaborative custody, minimal re-posting, clean track record.
MEDRehypothecation, smart-contract exposure, or variable terms.
HIGHVery high LTV, elevated rates, or thin liquidation buffers.