Bitcoin finance,
explained in plain English.

What platforms are available, which are excluded, and how New York borrowers can access BTC-backed credit.

A decision framework and checklist for matching your borrowing need to lender tradeoffs.

Only 4 of 15 platforms offer BTC lines of credit. Arch is the clearest tracked BTC LOC, but the 7.25% headline is a top-tier advertised rate. When a LOC beats a term loan — and when it doesn't.

What you need to qualify for a BTC-backed loan at each of 15 platforms. KYC docs, minimum BTC, credit checks, state restrictions.

Three tracked under-$5,000 loan routes compared by minimum loan, estimated payment, custody model, and risk note.

Texas borrower routes compared by availability, checked APR inputs, safety score, custody model, and total-cost estimate.

Compare tracked BTC-backed loan routes for Canadian borrowers, including CAD support, safety scores, rates, and tax considerations.

Step-by-step from KYC to funding, using checked APR inputs, timing ranges, and a $25K cost scenario across 15 lenders.

What a Bitcoin treasury company is, how mNAV (premium-or-discount-to-NAV) works, how common stock differs from the preferred dividend instruments (STRC, SATA), and the real risks.

What a public Bitcoin miner actually is, the metrics that move the stock (hashrate, revenue per EH/s, energy mix and cost, HODL vs. sell), the AI/HPC pivot, and the risks — bridged to the live mining comparison.

Spot ETFs, treasury companies, and miners all promise Bitcoin exposure without the coins. The spectrum in plain English — what each stock wrapper gains you and gives up — with the live comparisons one click away.

Checked review of the advertised APR, borrower cost, Anchorage custody role, safety score, and line-of-credit structure.

Checked review of one of the largest BTC-backed lenders we track. Public table shows tiered rates from 11.49% under $250K down to 9.25% at $2M+, no origination fee, BitGo custody, no rehypothecation, and Open Book reporting.

Top safety score in our tracked dataset. Multi-sig custody, no rehypothecation, NMLS licensing, grace-period mechanics, and operating history.

Figure advertises an 8.91% base rate — we break down the 9.999% effective APR, origination fee, MPC custody, no-rehypothecation language, and remaining transparency gaps.

Nexo advertises a public from-rate, but exact BTC borrowing cost depends on loyalty tier, collateral mix, account status, and jurisdiction. We break down custody, collateral terms, and regulatory status.

YouHodler publishes a 30-day daily-fee model, but exact BTC LTV, PDL, and fee are shown in the loan form. Partial rehypothecation, complex ecosystem, safety score 4.0/10.

BTC-first non-custodial DeFi route. No KYC, 6.5% rate, funded in seconds — but smart contract risk, short track record, and 4.6 safety score.

Head-to-head comparison of rates, fees, LTV, custody, and funding speed across checked borrowing tiers.

Three high-interest BTC lenders compared on checked APR inputs, custody model, liquidation risk, and fee structure.

Credit professional's comparison of centralized platforms vs smart contract protocols.

Ledn vs Nexo head-to-head: checked APR inputs, quote dependency, rehypothecation policies, and loan-size tradeoffs.

Arch and Figure compared on checked APR inputs, fee impact, LTV, safety score, and borrower-control tradeoffs.

Nexo and YouHodler compared on token or form-dependent terms, safety score, loan-size fit, and account-term risk.

Unchained and Ledn compared on custody philosophy, checked APR inputs, fee structure, safety score, and borrower-fit tradeoffs.

What Digital Credit actually is: exchange-listed preferred stock from Bitcoin-treasury companies. The axes that decide safety, the risks, and why we score every one and take $0 from issuers.

BTC drop scenarios for 15 lenders, with margin-call and liquidation math based on checked product assumptions.

Plain-English post-mortems on major failures and what they teach about custody, leverage, and borrower protection.

Liquidation, rehypothecation, insolvency, smart-contract bugs, and rate changes across 15 tracked BTC lending platforms.

The tradeoff math on both approaches: taxes, opportunity cost, downside risk, and forced-sale scenarios.

BTC-backed loans usually do not trigger immediate tax at origination, but rehypothecation and liquidation can change the outcome. Compare which lender structures create the lowest tax friction.

Compare selling versus borrowing with tax, interest, upside, liquidation, and custody tradeoffs shown side by side.

How businesses can use BTC-backed loans. Interest is tax-deductible. Which platforms serve businesses — Ledn, Unchained, Arch.

A decision framework for choosing between solving key control and recovery first versus moving straight into a BTC-backed loan.

A decision framework for choosing between borrowing against BTC and using Bitcoin-linked dollar products like APYX, USDh, or MUSD.

Model BTC-backed loan amount, monthly payment, and liquidation risk using checked LTV, APR, and minimum-loan data for 15 lenders.

Effective APR, origination fees, and total loan-cost estimates across 500+ checked scenarios on 15 platforms.

April 2026 rate snapshot with APR, effective-rate, fee, and safety-score notes for 15 lenders.

15 BTC lenders compared on advertised rate versus effective APR, including quote dependency, fees, and tiered-rate mechanics.

15 Bitcoin-backed lenders ranked by custody, collateral protection, and rehypothecation risk for safety-first borrowers.

Who holds your keys and what it means when Celsius, FTX, and Voyager failed.

Understanding code exploits, audit standards, and how to evaluate smart contract risk before borrowing against your Bitcoin.

Decision framework for custody models. Multi-sig vs custodial vs non-custodial — with lessons from Celsius, FTX, and Voyager failures.

Who controls and protects your BTC? Insurance, trust structure, reserve transparency, and custody model across 15 lenders.

3 tracked options skip KYC: Lava, Aave, Maker (Sky). Lava is the simplest BTC-first route at 6.5–7.5% APR, but the trade-offs are real.