Everything we know about borrowing against bitcoin, in plain English. Start with the complete guide, keep the glossary handy, and dig into the risks, costs, and taxes as the questions come up.
How they work, what they really cost, how liquidation happens, who holds your bitcoin, and how to choose a lender — start to finish, in plain terms.
Read the guide → ReferenceEvery term you'll run into while comparing lenders — LTV, rehypothecation, margin call, effective APR — defined without the jargon.
Open the glossary → Decision GuideThe three numbers that decide it, the breakeven math, when each path wins, and the risk checklist to run before you pledge collateral.
Work the decision → Rates · Updated DailyEvery lender we track ranked by real effective APR with fees included, pulled live from our database, plus which lender fits which situation.
See the ranking → Guide · RiskOne loan followed through a rising and a falling market: how your LTV shifts, when a margin call fires, your options to cure it, and how to size a loan that survives either direction.
Read the guide → Guide · TaxesWhy borrowing generally isn't a taxable event and selling is, a worked sell-versus-borrow comparison, and the catches that can still leave you with a tax bill.
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