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BorrowOnBitcoin
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Browse before you borrow. We don't lend — we help you choose who does. Independent comparison of bitcoin-backed loan options. ⚡
Holding bitcoin and tempted by a loan against it? The crypto backed loan market just hit an ATH under $74B. Some see $1T ahead, but only with clearer rules and calmer prices. Until then, liquidation risk is real. https://www.mexc.com/news/1111894 #bitcoin
Coinbase now lets US users borrow up to $100k in USDC against their BTC. No credit check. Powered by Morpho on Base. Your BTC becomes cbBTC when pledged. Worth knowing before you sign. #bitcoin
Three things worth checking before you sign anything on a bitcoin-backed loan: Who actually holds your bitcoin. The lender, or a qualified custodian. Those are very different answers. Whether they can rehypothecate. Meaning: can they lend out your collateral while it's sitting there. Often yes. Often buried in the terms. At what LTV you get margin-called, and at what LTV they sell. Read both numbers. Know the gap. Rates are easy to compare. These three are where people get hurt.
Posted on r/Bitcoin a couple weeks back. Top comment, sixteen upvotes: "You shouldn't need to give your email address to compare loan options. Terrible site." Fair. We had the lender comparison gated behind an email signup. Friction nobody asked for. On r/Bitcoin it reads worse: it looks like the whole point was harvesting addresses. Email's optional now. You can see every lender without giving up anything. Thanks to the folks who told us straight. https://www.reddit.com/r/Bitcoin/comments/1tf3p6g/just_launched_a_bitcoin_loans_comparison_site_let/
Bitcoin-backed loans are risky. Liquidation, custody, rehypothecation. Real ways to lose your stack. But if you need liquidity and selling isn't on the table, you've got options. We help you compare them. Think Kayak, but for bitcoin-backed lending. borrowonbitcoin.com