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An APR-first view of the current Bitcoin loan market, with custody, LTV, fee, and security context kept attached.
Ranked rate sheet
Current APR snapshot. Sorted by tracked minimum APR inside each risk bucket so CeFi and DeFi risk models stay comparable.
| Lender / Product | Min. APR | Max. LTV | Custody Model | Security | Details |
|---|---|---|---|---|---|
 Aave WBTC Variable Rate Loan | 1.5–3.0% | 70% | Non-Custodial | Published transparency | Details |
 Nexo Bitcoin loan product | 1.9% | — | Custodial | 5.3/10 safety | Details |
 Coinbase / Morpho USDC Loan powered by Morpho | 5.0% | 75% | Non-Custodial | Published transparency | Details |
 YouHodler Crypto-Backed Loan (Daily Fee) | 6.497–25.988% | 90% | Custodial | 4.0/10 safety | Details |
 Arch Lending Bitcoin Line of Credit | 7.25–10.49% | 60% | Custodial | 7.0/10 safety | Details |
 SALT Lending BTC-Backed Loan (12 Month) | 7.49–10.5% | 70% | Custodial | 5.5/10 safety | Details |
 Lava Bitcoin Line of Credit (BLOC) | 7.5% | 50% | Custodial | 3.4/10 safety | Details |
 Figure Crypto-Backed Loan | 8.91% | 50% | Custodial | 7.1/10 safety | Details |
 Debifi Bitcoin Loan Marketplace | 9.0–14.0% | 70% | Multi-Sig | 6.1/10 safety | Details |
 Maker (Sky) WBTC Vault (USDS) | 9.0–16.0% | 67% | Non-Custodial | Published transparency | Details |
 Ledn Bitcoin-Backed Loan | 9.25–11.49% | 50% | Custodial | Published transparency | Details |
 Strike Bitcoin-Backed Loan | 9.5–10.5% | 50% | Custodial | 6.4/10 safety | Details |
 Moon Mortgage Crypto-Backed Mortgage | 10.0% | 30% | Custodial | 4.9/10 safety | Details |
 Xapo Bank Bitcoin-Backed Loan | 10.5% | 40% | Custodial | 8.8/10 safety | Details |
 Unchained Commercial Bitcoin Loan | 14.18% | 50% | Multi-Sig | Published transparency | Details |
Methodology
We track published rate terms and keep the tradeoff columns visible so the cheapest number does not detach from custody, fees, liquidation terms, and transparency.
CeFi rates (6.497–25.988% APR) are typically fixed for the loan term. You know exactly what you'll pay. These platforms handle custody for you — some with multi-sig, some with qualified custodians.
DeFi rates (1.5–16.0% variable) fluctuate with market supply and demand. They can be very cheap today and expensive next month. No KYC, no custody risk — but you need to manage your own smart contract position.
APR vs. interest rate
APR includes fees (origination, platform fees). Interest rate does not. Always compare APR — it reflects the true cost of borrowing.