Bitcoin and Crypto Loan Platforms Comparison

BTC and crypto loan platform comparison

Want to borrow a few Bitcoins, or have some free cryptocurrency to spare? In both cases, you might be interested in the platforms for crypto lending. They provide the opportunity to get a loan with Bitcoin without visiting banks or meeting with other BTC holders. However, when it comes to the financial sphere and cryptocurrency, cybercriminals don’t miss the opportunity to make their money, so there’s a huge amount of scams.

In our list, we review the most reliable platforms and websites for crypto loans.

How to get a crypto loan?

On all Bitcoin lending platforms, the process of borrowing crypto coins is similar. It includes the following steps:

  • You register on the resource and go through the verification process.
  • After that, upload your personal information and your business plan, if any.
  • The business plan goes public, where each potential investor can evaluate it and decide if he wants to lend to you the crypto.

To assess the reliability of the borrower and the depositor, such platforms apply the rating system. It’s based on the information collected and the quality of the proposed purpose of the loan, as well as on estimates from previous partners. If you have borrowed money and paid it back in time, you will have an excellent credit history and new investors will accept you. It’s a very convenient option for Bitcoin loans without collateral.

How crypto loan platforms work
Here’s how crypto loan platforms work

Traditional Bitcoin lending platforms

1. Nexo

Nexo would be called the ultimate leader in instant crypto loan sphere. The affordable loan sums here are from $1,000 to $2,000,000. Nexo utilizes Onfido (trusted by Coinbase and similar platforms) for the compliance procedure. Also, the website counts over $1 billion in instant crypto-backed credit demands.

On the drawback, Nexo is blamed for its hidden expenses, a limited number of insurance crypto wallets and confinements with regards to money withdrawals.

Nexo platform

2. SALT Lending

SALT Lending is a blockchain-based website that enables you to get money sent straightforwardly into your bank account. The organization has over $50 mln in credits serviced, 30 lendable jurisdictions around the world, and is trusted by more than 64,000 customers.

Unfortunately, SALT is restricted to a low number of coins that can be utilized as a collateral. Moreover, the loan-to-value ratio proportion is generally low (up to 60%).

Salt lending
Salt lending

3. Unchained Capital

Unchained Capital is a website that offers dedicated collateral addresses on blockchain for simple monitoring. The site offers 12-18% APR over a length of 3-60 months. There are no hard credit checks. Interest percent will change by state.

There’s one serious drawback: the site offers BTC/ETH credits only. Additionally, the loan to value ratio is truly low – 35-half.

4. ETHLend

ETHLend is a platform for crypto-backed loans, enabling the LEND token to be utilized as the mechanism of trade where expenses can be decreased to 0.

The digital assets that are utilized as loan guarantee are put away in an open Ethereum blockchain to reach high system security with the utilization of a non-custodian depositary smart contact. Since the transaction are broadcasted on an open Ethereum blockchain record, the exchanges are straightforward and auditable by the public.

Please, note that ETHLend is restricted to only one collateral – ETH.

How ETHlend works
How ETHlend works

5. YouHodler

Relatively young but promising, YouHodler provides crypto-backed credits and works with financial accounts in Switzerland. Users are allowed to take a loan of up to $30,000 USD, EUR, USDT and BTC, and pay during up to 120 days. Customizable loan terms with larger amounts and more days are also available upon request.

The website allows you to loan crypto as collateral with a high loan-to-value proportion of up to 90%, for up to $30,000 in fiat/crypto (greater sums are offered to chosen borrowers). Saving accounts allow for earning interest of up to 12%.

YouHodler has its own fund and acknowledges all significant digital currencies as collateral (BTC, ETH, LTC, BCH, XRP, and so forth.). Furthermore, the stage acknowledges all major bank cards (Visa, MasterCard, Maestro, American Express, and so on.) and every popular kind of web payments (Qiwi, PayPal, Apple Pay, Skrill, and so on.).

Not at all like most of other crypto-supported stages, YouHodler offers straightforwardness and positively no concealed expenses. No credit checks are required. YouHodler’s interface is straightforward and user-friendly. On the drawback, YouHodler doesn’t serve U.S. natives, just as residents of China and Korea.

6. Celsius Network

Another organization that loans you dollars for your digital forms of money is Celsius Network. Celsius isn’t just a P2P loaning organization: it plans to bring the next $100 million individuals who aren’t connected with banking yet.

This way, the investors who have extra crypto and need to earn on those without losing the benefit of holding them can again use Celsius system to earn interest back in real money or coins. At Celsius, you can expect yearly rates from 5% to 12% contingent on your collateral and can get loans up to residency of 1 year at LTV of up to 50%.

Celsius loan rates
Celsius loan rates

7. BlockFi

BlockFi is one of the pioneer organizations to raise institutional subsidizing for their crypto-supported loan start-up. At BlockFi you can acquire from $2000 to $100 million at a LTV up to half. The yearly rate of interest varies for how a lot of term one is getting, however, their lowest starting rate is 4.5 % APR.

LTV up to half. The yearly rate of interest varies for how a lot of term one is getting, however, their lowest starting rate is 4.5 % APR.

To have the option to utilize BlockFi you should have at least $4000 or more in crypto, and as of now, BlockFi is accessible all through the US.

8. CoinLoan

CoinLoan is another crypto loaning platform that gives cryptographic money advance to crypto holders. In any case, it is somewhat not quite the same as the past two we talked about. CoinLoan is a P2P loaning website where borrowers get cash without selling digital forms of money, and financial specialists offer advance to gain focused returns.

On CoinLoan you can get advances up to residency of 3 years and borrow as little as $50 if you have sufficient collateral. Another beneficial thing about this stage is that your LTV can be up to 70%.


INLOCK is another famous cryptographic money loaning website where clients can collateralize their possessions and apply for a line of credit.

What’s great about INLOCK is that there is no centrally controlled interest rate. It works under a distributed (P2P) model which guarantees that the loan fees are controlled by the dynamics of the market demand and supply.

INLOCK interface
INLOCK interface

What ensures the safety of both parties is the way that the borrower’s cryptographic money backs up the credit totally. This guarantees that the money of the loan giver is safe and secure.

Similarly as Celsius Network, INLOCK additionally gives the chance to clients to offer their cryptographic forms of money as credits and to get interest on it.

10. DharmaLever

This platform is partially decentralized through smart contracts. They guarantee you can yield up to 14% of interest. The manner in which you loan out your crypto is by making a loaning offer which would then be able to be taken up.

Indeed, it has pretty high interest rates for DAI however finding takers might take a lot of time. Dharma likewise is a place where your crypto is locked up and you cannot withdraw assets at whatever point you need. Funds are bolted for 90 days! Anyway, they have a simple and clean UI.

Loan Platform Interest rate Currencies supported Limits
Nexo Rates of 8% for Nexo tokens and 16% for other crypto BTC, fiat, NEXO tokens From $1,000 to $2 million
Salt Lending Starts at 5.99% Fiat and BTC From $5,000 to $100 mln
Unchained Capital From 12% to 18% BTC, ETH From $10,000 to any sum
ETHLend No fees if LEND is used as the medium of exchange CR ETH, LEND and USD ?
YouHodler From 5% to 13% BTC, BCH, BSV, ETH, LTC, XLM, XRP Up to $30,000
Celsius Network From 5% to 12% BTC, ETH, LTC, XRP or OMG ?
BlockFi Starts from 4.5% BTC, ETH, USD From $5,000 to $100,000,000
CoinLoan LTV up to 70% USD, EUR, GBP, CNY, JPY, RUB, CHF, PLN and CZK From $50 to any sum
INLOCK Starts from 4% BTC, ETH, BCH, LTC Any sum
DharmaLever From 7% USD, BTC, ETH ?

P2P Bitcoin loan platforms

P2P is a platform that allows you to take Bitcoin from other people or organizations. Such websites appeared almost as soon as other forms of =. You can list some of the most popular ones:

  • is positioned as a full-fledged crypto bank, providing not only borrowed funds but also investment opportunities by deposit type and account opening
  • – here loans are provided mainly for business purposes. A business plan is often requested. Popular among those who want to open exchange or run their own application. Due to the low non-refundable percentage, interest rates are very low here
  • – here, the loans can also be obtained by ordinary citizens, without any business projects. In addition to loans, an investment package is also available. That is, you transfer the coins, and they will bring profit at the expense of interest from the occupants
  • is a platform that’s oriented under B2B – crediting. It features good conditions for entrepreneurs, decent affordable loan amounts and adequate interest rates.

Pros and cons of Bitcoin lending platforms

Are Bitcoin and crypto loans worth it? It’s up to you to decide.

Pros Cons
Pretty urgent issuing. On some websites, there’s a possibility of getting individual loan conditions. You need to provide strong evidence of your ability to repay the debt. User reputation matters a lot.
The interest rate on English services is pretty low (less than 10%). Most of the largest sites are in English, and other languages are hardly supported. Therefore, without communicating on English, it is almost impossible to get a loan.
The investor gets excellent earning opportunities if he selects reliable clients. High volatility can put you in a tricky position. Say, you borrowed 1 Bitcoin for 8,000 dollars, and sometime later you will have to return 1 BTC that costs $10.000. Yet, during the bear falling market, you can return even less than borrowed (though the interest will be quite high). The time span of loans is not usually long enough to earn on it.
The resulting capital easily turns around. You can immediately transfer funds to an exchange account. And if you have a positive experience in trading, you can withdraw the credit quickly, and then work on your profits.  
Higher amounts are transferred faster than through traditional means. And the fees for such transactions are much lower.  

And should you want to buy some crypto instead of taking a loan, you can do it on Changelly.

Bottom Line

What is the best platform for Bitcoin loans without collateral? Where to get crypto with minimal credit fees? There is no universal solution – each platform has its pros and cons. Read the fine text before signing an agreement and always read customer reviews. This way, you eliminate the risk of losing more than you can get.

About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.


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