What are the best Bitcoin and crypto lending platforms?

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In this article we introduce some of the best Bitcoin and crypto lending platforms (loan services) that exist on the market.

In November-December of 2017, most of the late cryptocurrency adopters found themselves on the very top of the crypto hype that looked, back like an easy opportunity to multiply one’s capital.

The hype went down, and those who invested at the peak of the hype faced the inevitable consequences. Some sold Bitcoin shortly after the price dropped. Others decided not to give up, and they continued to HODL up until this very moment.

What to do if you need cash but don’t want to give up on your crypto?

The demand for instant cash sparked the need for a new type of financial services – “crypto loans.” Crypto loan platforms are a type of service that enables investors to put their crypto down as collateral and borrow fiat at a ratio.

Here are some of the best crypto lending platforms:

SALT Lending

SALT Lending is a blockchain-backed loan platform that enables you to get cash deposited directly into your bank account. The platform has over $50M in loans serviced, 30 lendable jurisdictions globally, and over 64,000 platform users.

On the downside, SALT is limited to a low number of cryptocurrencies that can be used as collateral. Moreover, the loan-to-value ratio is relatively low (up to 60%).


Nexo calls its services “The World’s First Instant Crypto-backed Loans.” Loan amounts are from $1,000 to $2,000,000. It uses Onfido (trusted by Coinbase and others) for its regulatory compliance. Additionally, the platform has over $1 billion in instant crypto-backed loan requests.

On the downside, Nexo is known for its hidden fees, a limited number of collateral crypto wallets, and limitations when it comes to cash withdrawals. The rates now start at 5.9% APR and can go up to 11.9% APR.


SpectroCoin Loans is a global-crypto backed lender that provides the lowest minimum in the market: $25/€25. The maximum is 1,000,000 Euro, and an option for a very high loan-to-value ratio of 75%. There are no hidden fees, while the APR starts from 6.95% and is usually around 10%. Loans can be withdrawn in Euros or the top cryptocurrencies (BTC, USDT, etc.).

On the downside, SpectroCoin Loans does not provide services to US customers, and interest-bearing deposits are not yet introduced.


Lendroid was launched back in 2017 by Vignesh Sundaresan. The platform’s purpose is to address the need for global and unopinionated credit on the blockchain. Some of the current issues that it aims to handle include the inefficient risk handling where collateral risk is either overlooked or hidden, lack of transparency, high loan maintenances, and so forth.

Lendroid plans to become an anti-fragile, predictable, and transparent platform where liabilities are not carried forward. So far, the project held a successful TGE back in February 2018 which was capped at 50,000 ETH. It has launched a proof-of-concept decentralized application named Reloanr, and has shifted to vyper as its smart contract language. Lendroid also launched its mainnet (Version 1) in August 2019.

Unchained Capital

Unchained Capital is a service that provides dedicated collateral addresses on blockchain for easy monitoring. The site offers 12-18% APR over a length of 3-60 months. The website does not perform hard credit checks. Interest rates will vary by state.

On the downside, the site gives BTC/ETH loans only. Additionally, the platform’s loan to value ratio is pretty low – 35-50%.


ETHLend is a platform for digital asset-backed loans, enabling the LEND token to be used as the medium of exchange where fees can be reduced to 0.

The digital assets that are used as loan collateral are stored in a public Ethereum blockchain to obtain high network security with the use of a non-custodian depository smart contract. As the transactions are broadcasted on a public Ethereum blockchain ledger, the transactions are transparent and auditable by the public.

On the downside, ETHLend is limited to 1 crypto collateral only – ETH.


YouHodler is one of the youngest and most promising crypto lending platforms. It is a service platform with bank accounts in Switzerland.

The platform allows for someone to lend cryptocurrency as collateral with a high loan-to-value ratio of up to 90%, for up to $30,000 in fiat/cash (bigger loans are offered to selected borrowers).

YouHodler has its own fund and accepts all top cryptocurrencies as collateral (BTC, ETH, LTC, BCH, XRP, etc.). Moreover, the platform accepts all major Cards (Visa, MasterCard, Maestro, American Express, etc.) and all major types of web payments (Qiwi, PayPal, Apple Pay, Skrill, etc.).

Unlike the majority of other crypto-backed platforms, YouHodler provides transparency and absolutely no hidden fees. No credit checks are needed. YouHodler’s interface is simple and sexy.

On the downside, YouHodler does NOT serve U.S. citizens, as well as citizens of China and Korea.


Today, we live in a time after the crypto market drop. The demand by crypto investors for instant cash has built the foundation for the crypto loan industry.

It appears that crypto HODL-ing is an ongoing trend, and one of its symptoms is the rise of crypto loan service platforms. Only patience and time will tell.

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