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CIR Rankings · Borrow Against Crypto

Crypto-backed Loan Platforms

Compare crypto-backed loan platforms by borrowing APR, collateral, LTV, custody structure and availability.

6 ranked picksCIR editorial researchData: Latest tracked loan terms checked August 11, 2026
Why trust Coin Interest Rate?

Our team independently tracks and reviews crypto rates, rewards and product features to help readers compare more than the advertised rate. We use official provider websites, product documentation and other relevant sources when evaluating products.

  • 80+ crypto platforms tracked across staking, lending, cards and other digital asset products.
  • Hundreds of rates tracked alongside features, availability and key risk factors.
  • Independent comparisons. Compensation does not guarantee favorable coverage. Editorial control remains ours.

This ranking is for borrowers who want liquidity without selling their crypto. We use CIR platform ratings as a quality signal, then compare borrowing APR, collateral support, loan-to-value limits, custody structure and geographic access. Earning products are ranked separately on our crypto lending page.

Crypto-backed loans can be liquidated if collateral value falls. Borrowers can also face platform, custody, counterparty, liquidity and regulatory risks, including loss of some or all pledged collateral.

Loan rates and terms are variable. Some outbound links may compensate Coin Interest Rate, but compensation does not determine CIR ratings, inclusion or category awards.

The short list

Our picks at a glance

Compare the picks

Use the table for a fast comparison, then review the eligibility rules and tradeoffs in each detailed entry.

PickBest forLoan structureBorrowing APRMaximum LTVCollateralAvailability
Clapp FinanceBest overallCustodial crypto-backed loan0-21.90-65%ManyWorldwide
LednBest Bitcoin specialistCustodial crypto-backed loan9.9-11.4950%BTCWorldwide, Growth accounts unavailable in certain countries and states
BillzLowest tracked starting APRCustodial crypto-backed loan2-1530-80%USDC, USDT, SOLEurope, United States and Canada
FirefishBest non-custodial optionNon-custodial loan10.960%BTCWorldwide
LendProtocolBest international alternativeCustodial crypto-backed loan12.7120%BTC, ETH, SOL, XRP, RLUSD, USDTWorldwide, excluding US
APX LendingBest multi-asset collateral optionCustodial crypto-backed loan12.9960%BTC, ETHUS and Canada

Detailed review

Why these options made the list

Clapp Finance logo

#1 · Best overall

Clapp Finance

Listed borrowing APR

0-21.9

Loan structure
Custodial crypto-backed loan
Maximum LTV
0-65%
Collateral
Many
Availability
Worldwide

Clapp Finance is our best overall after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 0-21.9, with 0-65% maximum LTV currently shown.

Why consider it

  • +0-21.9 listed borrowing APR.
  • +Many collateral support is reported.
  • +Worldwide availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 0-65%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
Full reviewVisit Clapp FinanceRate checked August 6, 2026
Ledn logo

#2 · Best Bitcoin specialist

Ledn

Listed borrowing APR

9.9-11.49

Loan structure
Custodial crypto-backed loan
Maximum LTV
50%
Collateral
BTC
Availability
Worldwide, Growth accounts unavailable in certain countries and states

Ledn is our best bitcoin specialist after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 9.9-11.49, with 50% maximum LTV currently shown.

Why consider it

  • +9.9-11.49 listed borrowing APR.
  • +BTC collateral support is reported.
  • +Worldwide, Growth accounts unavailable in certain countries and states availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 50%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
Billz logo

#3 · Lowest tracked starting APR

Billz

Listed borrowing APR

2-15

Loan structure
Custodial crypto-backed loan
Maximum LTV
30-80%
Collateral
USDC, USDT, SOL
Availability
Europe, United States and Canada

Billz is our lowest tracked starting apr after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 2-15, with 30-80% maximum LTV currently shown.

Why consider it

  • +2-15 listed borrowing APR.
  • +USDC, USDT, SOL collateral support is reported.
  • +Europe, United States and Canada availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 30-80%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
Firefish logo

#4 · Best non-custodial option

Firefish

Listed borrowing APR

10.9

Loan structure
Non-custodial loan
Maximum LTV
60%
Collateral
BTC
Availability
Worldwide

Firefish is our best non-custodial option after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 10.9, with 60% maximum LTV currently shown.

Why consider it

  • +10.9 listed borrowing APR.
  • +BTC collateral support is reported.
  • +Worldwide availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 60%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
LendProtocol logo

#5 · Best international alternative

LendProtocol

Listed borrowing APR

12.7

Loan structure
Custodial crypto-backed loan
Maximum LTV
120%
Collateral
BTC, ETH, SOL, XRP, RLUSD, USDT
Availability
Worldwide, excluding US

LendProtocol is our best international alternative after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 12.7, with 120% maximum LTV currently shown.

Why consider it

  • +12.7 listed borrowing APR.
  • +BTC, ETH, SOL, XRP, RLUSD, USDT collateral support is reported.
  • +Worldwide, excluding US availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 120%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
Full reviewVisit LendProtocolRate checked July 21, 2026
APX Lending logo

#6 · Best multi-asset collateral option

APX Lending

Listed borrowing APR

12.99

Loan structure
Custodial crypto-backed loan
Maximum LTV
60%
Collateral
BTC, ETH
Availability
US and Canada

APX Lending is our best multi-asset collateral option after considering its CIR platform rating alongside listed borrowing cost, collateral support, LTV, custody structure and availability. Its tracked APR is 12.99, with 60% maximum LTV currently shown.

Why consider it

  • +12.99 listed borrowing APR.
  • +BTC, ETH collateral support is reported.
  • +US and Canada availability is reported.

Tradeoffs to check

  • !The actual APR can depend on LTV, loan size, term, collateral and jurisdiction.
  • !The listed maximum LTV is 60%; liquidation thresholds and margin-call rules may differ.
  • !Crypto-backed loans can involve custody, counterparty, liquidity and liquidation risk.
How we chose these picks
  1. 1.We consider visible CIR platforms tagged for crypto-backed loans with a tracked borrowing rate; hidden platforms are excluded before ranking.
  2. 2.CIR platform ratings are the first general ordering signal, followed by listed starting APR and platform name as tie-breakers.
  3. 3.Category awards separately compare Bitcoin specialization, starting APR, non-custodial structure, international access and multi-asset collateral.
  4. 4.A low advertised APR does not automatically make a loan the best choice; LTV, liquidation rules, fees, custody and geography also matter.
  5. 5.Borrowers should obtain a current quote and verify repayment, margin-call and liquidation terms directly with the provider.

How to compare crypto-backed loans

Compare the full cost of borrowing rather than the starting APR alone. Maximum LTV, liquidation threshold, margin-call process, origination fees, repayment flexibility and collateral custody all affect the real risk and cost.

A lower starting LTV generally provides more room before liquidation if crypto prices fall. It also means pledging more collateral for the same loan amount, so borrowers need to balance capital efficiency with liquidation risk.

  • Confirm supported collateral, loan currencies, minimums and jurisdictions.
  • Ask whether collateral can be rehypothecated or remains segregated.
  • Review margin-call timing and the exact liquidation threshold.
  • Include origination, repayment, withdrawal and spread costs in the comparison.

Frequently asked questions

What is the best crypto-backed loan platform?

Our best overall selection starts with the highest-rated eligible CIR loan platform, then considers APR, collateral, LTV, custody and availability. The right choice depends on your asset, jurisdiction, desired loan size and tolerance for liquidation risk.

How does a crypto-backed loan work?

You pledge cryptocurrency as collateral and receive cash or stablecoins without selling it. If the collateral value falls far enough, the lender may require more collateral or liquidate the position under its published rules.

What does LTV mean?

Loan-to-value compares the loan amount with the collateral value. A $5,000 loan backed by $10,000 of crypto starts at 50% LTV. Lower LTV usually leaves more room before liquidation.

Can I lose my collateral?

Yes. A lender may liquidate collateral if its value falls below the required threshold, and platform or custody failures can create additional loss risk. Review the complete loan agreement before borrowing.