Bitcoin loan rates range from 6.9% to 16.95% in 2026 depending on lender, LTV, and loyalty programs. Here's who offers the best deal and what to watch out for.
Not all Bitcoin-backed loans are created equal. Interest rates vary by 3-7 percentage points between lenders, liquidation thresholds differ, and fee structures add hidden costs. If you're borrowing against your Bitcoin, knowing the landscape can save you thousands.
Here's the complete 2026 comparison of Bitcoin loan rates and terms from all major lenders.
Bitcoin-backed loans use your BTC as collateral. The lender holds your Bitcoin and gives you cash (USD, USDC, or EUR). Interest rates depend on:
Loan-to-value (LTV) ratio: Lower LTV = lower rate. Borrowing 30% of your BTC's value carries less risk for the lender than borrowing 70%, so rates are lower.
Loan duration: 12-month loans typically have higher rates than 36-month loans because shorter-duration loans require more frequent refinancing.
Market conditions: Bitcoin loan rates track the broader credit environment, including central bank rates and Bitcoin market conditions. Bull market periods often see lower rates as lenders compete for borrowers.
Lender business model: Some lenders fund loans with depositor funds (like Ledn); others use institutional capital. This affects their cost of funds and thus rates.
| Lender | LTV Range | Rate (Low LTV) | Rate (High LTV) | Min Loan | Custody |
|---|---|---|---|---|---|
| Ledn | 20-50% | 9.9% | 13.9% | $1,000 | Ledn holds |
| Unchained Capital | 30-50% | 12% | 14% | $10,000 | Collaborative 2-of-3 |
| Coinbase | Up to 40% | 8% | 8% | $100 | Coinbase holds |
| Nexo | 20-50% | 6.9% | 13.9% | $50 | Nexo holds |
| SALT Lending | 20-70% | 9.95% | 16.95% | $5,000 | SALT holds |
| Debifi | 30-50% | 10% | 14% | $10,000 | 2-of-3 multisig |
| Hodl Finance | 30-50% | 8% | 12% | $10,000 | Collaborative custody |
Rates as of Q1 2026. Rates change frequently — verify current rates before borrowing.
Nexo currently offers the lowest headline rates at 6.9% for borrowers with their loyalty program active. However, Nexo's rates depend on holding NEXO tokens — without the loyalty tier, rates are higher (up to 13.9%).
For borrowers not willing to hold NEXO tokens, Nexo's effective rate is higher. This is a common complaint — the "6.9%" advertised rate is only available under specific conditions.
See our full Nexo Bitcoin Loan Review.
Coinbase offers a flat 8% rate regardless of LTV, no loyalty tokens required, no minimum loan amount that matters, and integration with your existing Coinbase account. The simplicity is the sell.
Caveat: Coinbase holds your Bitcoin in their custody. No collaborative custody option. If Coinbase faces regulatory issues, your collateral could be affected.
See our full Coinbase Bitcoin Loan Review.
Unchained's 2-of-3 collaborative multisig means your Bitcoin is locked in a vault where no single party — including Unchained — can move it unilaterally. You hold one key, Unchained holds one, and a third-party key escrow holds the third.
This structure means Unchained cannot unilaterally liquidate your Bitcoin without your cooperation (or a margin call event that both parties agree triggers). The tradeoff: higher rates and larger minimum loan.
See our full Unchained Capital Bitcoin Loan Review.
Before rates, check liquidation thresholds. A cheaper loan that liquidates at 80% LTV is worse than a slightly more expensive loan that liquidates at 90% LTV if you're borrowing at 50% LTV.
| Lender | Margin Call LTV | Liquidation LTV |
|---|---|---|
| Ledn | 70% | 80% |
| Unchained | 65% | 80% |
| Coinbase | 75% | 85% |
| Nexo | 70% | 83.3% |
| SALT | 80% | 90% |
Lower initial LTV = more buffer before liquidation. At 30% initial LTV, Bitcoin would need to fall 62.5% before hitting an 80% LTV liquidation threshold.
Beyond the interest rate, look for:
Origination fees: SALT charges up to 2% origination fee. Ledn charges none. This adds to the effective rate, especially on shorter loans.
Early repayment penalties: Some lenders charge fees if you repay early. Unchained does not; others may.
Wire fees: Some lenders charge for incoming and outgoing wire transfers.
Custody fees: Typically built into the interest rate, but worth confirming.
Best for small loans (<$5,000): Coinbase or Nexo — lowest minimums, lowest friction.
Best for large loans ($50,000+) with security focus: Unchained Capital — collaborative custody provides meaningful protection against unilateral lender actions.
Best simple rate: Coinbase at 8% flat with no loyalty program requirements.
Best for European borrowers: Hodl Finance or Debifi — both offer competitive rates in EUR and GBP.
See our full Bitcoin Loan Directory for all options.
As of 2026, Nexo offers 6.9% for loyalty tier borrowers. Coinbase offers 8% flat for all borrowers. Unchained starts at 12% but offers collaborative custody.
Yes. Rates vary with market conditions, central bank rates, and lender competition. The rates in this article reflect Q1 2026 — verify current rates before borrowing.
Borrowing at 30-40% initial LTV gives substantial buffer. At 30% LTV, Bitcoin would need to fall 62.5% before hitting an 80% liquidation threshold. Conservative borrowers never exceed 40% LTV.
Some lenders allow this; others charge prepayment penalties. Unchained explicitly allows early repayment without penalty. Check terms before signing.
Compare all lenders in our Bitcoin Loan Directory. See also: Bitcoin Loan vs Selling Tax Comparison and Bitcoin Loan Liquidation Guide.
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