Borrowing against your bitcoin is a big decision, and lender marketing doesn't make it easy to compare real costs. Here's exactly how we keep our numbers honest.
Our monitoring system checks official provider pages for possible changes. A detected change is a lead, not a fact. We update the comparison only after the new term can be confirmed against an official source. Each page shows the date of its latest confirmed record.
Lenders quote rates in inconsistent ways. Some advertise a base interest rate and add an origination or admin fee on top. Others quote an APR with fees already included. Comparing those headline numbers directly would make the fee-hiding lenders look cheaper than they are.
So our comparison table headlines the effective APR — the rate with disclosed fees included — for every lender. Where a lender's base rate differs from their APR, we show both. That's the same standard mortgage comparisons use, and it's the closest thing to an apples-to-apples number this industry allows.
Not all data can be equally certain, and we'd rather tell you that than pretend otherwise. You'll see these labels on our lender pages:
✓ Verified from official source — the number comes straight from the lender's own published pages or disclosures.
From official pages with variable pricing — the source is official, but pricing moves (for example, rates set by a live lending market), so treat the number as a recent snapshot.
Marketplace ranges observed — for peer-to-peer platforms where individual lenders set their own terms, we report the range we've seen rather than a quoted rate.
Every lender page also shows the date we last verified its terms. If a date looks stale, the lender's site is the source of truth.
BitClarity is an independent data publisher, not a lender or broker. We do not take loan applications, transmit financial credentials, or sell personal information to lenders.
We may earn referral fees when you use certain provider links. Those links are labeled where they appear. Referral relationships do not change the facts we publish or the table's stated sort order. Providers without a referral relationship are included under the same sourcing rules.
We're a research tool, not a financial advisor. Always confirm terms directly with a lender before applying, and never borrow more against your bitcoin than you can afford to see liquidated.
BitClarity does not give providers an overall safety score. A single grade can hide tradeoffs and imply more certainty than the source material supports. Instead, we show the disclosed facts that matter to a borrowing decision.
For loans and collateralized cards, those facts include who controls the collateral, the maximum starting LTV, margin-call and liquidation thresholds, the calculated bitcoin price-drop room at maximum LTV, and whether the provider publishes protections such as no rehypothecation or proof of reserves.
Not confirmed means not confirmed. It does not mean the protection is absent, and it does not mean the provider is unsafe. It means we could not support the statement with the official evidence currently on record.
The price-drop figure is arithmetic, not a forecast or rating. It is calculated from the published maximum LTV and liquidation LTV. Actual outcomes can depend on fees, price feeds, cure periods, partial liquidations, contract terms, and market conditions.
Rewards cards are compared using their published reward rate, fees, eligibility requirements, reward asset, and conditions. They are not assigned a proprietary score.
If a number does not match a provider's current official terms, send us the official source through @BTClarity on X. We will re-check it and correct the record when the source supports the change.