Need a loan? Here's where you can borrow fiat cash with your cryptocurrency.

Here are the places where you use your cryptocurrency as collateral for a loan. No credit checks, low-interest rates, and no early repayment penalties.

Need a loan? Here's where you can borrow fiat cash with your cryptocurrency.

Do you know that you can now borrow fiat money using cryptocurrency as collateral? We compiled a list of the best exchanges where you can take a loan with your cryptocurrency, together with details on their rates and eligible crypto coins. This could be a great way to put your stash of cryptocurrency to good use, other than staking them.

Why choose a crypto loan over a traditional bank loan, you may ask? The key difference here is the absence of a need for a credit check since you will use your crypto coins as collateral. Individuals may have difficulty passing credit checks, offering eligible collateral, or face exorbitant interest rates when applying for a traditional loan from banks or money lenders.

Some terms to know before taking a cryptocurrency loan:

APR (Annual percentage rate): This is the percentage rate that is charged to the borrower

LTV (Loan-to-Value) Ratio: This is an assessment of lending risk. A higher ratio equates to higher risk, resulting in the lender imposing a higher interest rate on the borrower. For example, to borrow a loan of $1,000 with 25% LTV means you have to put up $4,000 of collateral. In other words, you can borrow 25% of the amount of collaterals you put up. As the percentage or ratio climbs higher, the lender takes on higher risk comparatively, hence charging higher interest.

Celsius Network

Celsius is making a name for itself rapidly in the cryptocurrency space, especially with users in the UK. The company advertises no origination fees, no credit checks, the lowest industry rates, and easy refinance options.

The loan amount starts from a minimum of $500 for stablecoins and $15,000 for USD. Stablecoins include USDC, TUSD, GUSD, PAX, MCDAI, USDT ERC20. And Celsius accepts a wide variety of 20-over different crypto coins as collateral, including the most popular ones, so you likely have a coin they accept.

Now, this is where things get interesting. Interest rates start at 1% for loans at 25% LTV, but Celsius offers borrowers an even better APR if they pay their interest in CEL coins. So instead of 1%, you get to enjoy 0.75% APR for loans at 25% LTV if you opt to make interest payment in CEL. Not a bad way to get more people on board with CEL and using the coin.

It is worth mentioning that there is no penalty if you pay back your loan in full early before the agreed term. However, there is a minimum charge of 6 months interest for any loan.

Head over here to apply for a loan, and don't forget to use this referral code upon signing up for a $40 bonus: 195105cdb1

How can any list be complete without the largest cryptocurrency exchange in the world? Binance offers the broadest range of loanable coins and accepts an equally wide range of coins as collateral. However, unlike Celsius, Binance does not lend fiat currencies directly – not even USD. So make sure you factor in the additional fees to convert your borrowed coins to fiat currencies when you are doing your calculations.

Binance offers a different initial LTV depending on the coin used as collateral, but generally, the LTV is at least 60%, higher than what Celsius offered. But, here's a catch. Binance also introduces a margin call LTV (typically at 75%) and a liquidation LTV (usually 83%). This is something that you need to keep in mind, especially if you can are borrowing at a high LTV – a sharp fluctuation in the price of the coin could potentially result in a margin call or liquidation for you.

Interest rates are also somewhat tricky in that Binance presents hourly & daily interest rates, which is different from what we are used to in traditional cash loans. Like Celsius, Binance does not impose any penalty for borrowers who opt to repay their loans early.

If you are interested in a loan with Binance, simply head over to their page to start applying.


The most prominent cryptocurrency exchange in the US also makes our list, but with caveats. First of all, loans on Coinbase are only available to residents of the following US states at the moment: AK, AR, CT, NC, NE, NH, OR, UT, VA, and WY. Sorry, but international Coinbase users and those not from these states would have to be patient and wait in the meantime.

But if you are one of the lucky ones, here's what you need to know. Coinbase only accepts Bitcoin as collateral – yes, only Bitcoin. Additionally, you can only borrow up to 30% LTV with Coinbase, which is much less than Celsius and Binance. APR starts at 8%, which Coinbase advertises as being lower than most traditional personal loans. You can also opt to wait up to 1 year to repay the principal, which means you only have to repay each month's interest for the first year. This is a massive plus for borrowers who have difficulties repaying the principal right from the get-go.

Go to this page to sign up for an account with Coinbase and apply for a loan.