The rates, terms, and access available to someone borrowing $50,000 vs $500,000 against BTC are so different that they might as well be different products. Here is what changes at each tier.
The tiered pricing reality
Every platform in our tracked dataset uses some form of tiered pricing based on loan size. Ledn's rate ranges from 10.99% (sub-$250K) down to 9.99% (M+). Unchained's Signature service (required for large loans) runs $6K/year but includes dedicated support and negotiated terms. Arch Lending's institutional desk handles $500K+ loans with custom structures.
Below $100K: Retail territory
Ledn and Figure are the primary options. Rates are highest. LTV caps are most restrictive (50-70%). Origination fees hit hardest as a percentage of the loan. This is the tier where the borrower's primary concern should be: can I service the interest comfortably?
$100K–$500K: The middle market
Rates drop meaningfully. Ledn at $250K+ is 10.49% vs 11.49% for smaller loans. Arch becomes accessible and competitive. Unchained's $150K minimum starts to make sense. Custody preferences become a real decision — multi-sig is worth the complexity at this size.
$500K+: Institutional tier
Arch Lending, Unchained Signature, and direct platform negotiations become the primary channels. Rates can be negotiated. Custom LTV structures are available. This is where the real competition for your business starts — and where understanding the effective APR vs the headline rate matters most because small differences compound on large amounts. See our what borrowers actually pay guide for the full fee breakdown.
A 50bps rate difference on a $1M loan over 12 months is $5,000. That is worth negotiating. Compare platform rates side by side →