BWP TOPICS
Bitcoin Lending
Borrow cash or stablecoins using Bitcoin as collateral — rates, custody models, tax treatment, and how to choose a platform.
COMPARISON GUIDE
Compare the top 6 Bitcoin lending platforms
SALT, Ledn, Unchained, Strike, Coinbase, and Arch — rates, LTV, custody, and who each is best for.
Understand Bitcoin lending
Key questions
Is a Bitcoin-backed loan a taxable event?
In most US cases, taking the loan is not taxable — you retain ownership of your Bitcoin. Liquidation is typically taxable.
Read moreWhat LTV should I actually use?
Most experienced borrowers stay between 20% and 40% — well below the max LTV most platforms advertise. Lower LTV means more buffer before liquidation.
Read moreWhat is rehypothecation and why does it matter?
It's when the lender reuses your collateral elsewhere. It's the root cause of the 2022–23 platform collapses. Verify your platform's custody policy before depositing.
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