Unchained BTCloan: rates, LTV & how to borrow
Unchained accepts Bitcoin (BTC) as loan collateral. Bitcoin is the largest cryptocurrency by market cap and the most widely accepted collateral for crypto-backed loans. On Unchained you can borrow USD against your BTC at 14–16.21% APR, up to a maximum loan-to-value of 50%, on a collaborative basis.
To borrow against BTC on Unchained you open an account, complete identity verification, deposit your BTC as collateral, and draw a loan. Unchained uses a collaborative model, so consider how it secures collateral before committing a large BTC position.
Bitcoin's price volatility is the main driver of liquidation risk on a Unchained loan, which is why the 50% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when BTC falls — keeps your position out of the liquidation zone. Unchained sources its rates on a verified, manually-tracked basis.
How to borrow against BTC on Unchained
- 1Create a Unchained account and complete identity verification (KYC).
- 2Deposit your Bitcoin (BTC) as collateral.
- 3Choose your loan amount up to 50% LTV and receive USD.
- 4Repay under Unchained's terms to reclaim your BTC. Add collateral or repay early if BTC falls toward the liquidation level.
How Unchained compares for BTC
7 platforms in our index accept BTC as collateral. On borrow rate, Unchained ranks 7th of 7, behind Nexo's 1.9–18.9%. The table below puts Unchained next to its closest BTC alternatives so you can weigh rate against custody and LTV.
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Frequently asked questions
- Can I borrow against BTC on Unchained?
- Yes. Unchained accepts Bitcoin (BTC) as collateral, letting you borrow USD against it at 14–16.21% APR, up to 50% loan-to-value.
- What is the interest rate for a Unchained BTC loan?
- Unchained's borrow APR is 14–16.21%. Confirm the current rate on the platform before borrowing, as terms can change.
- Does borrowing against BTC on Unchained require KYC?
- Yes. Unchained requires identity verification to borrow against BTC.
- What happens if my BTC collateral drops in value?
- If your BTC falls far enough that your loan-to-value crosses Unchained's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 50% maximum LTV to reduce that risk.