Get a loan with Bitcoin

These businesses allow you to deposit bitcoin as collateral, and receive a US dollar loan. Why would you want to do that? If you need dollars, but don't want to sell your bitcoin.

How it works — These organizations typically require you to deposit bitcoin twice the value of the loan you need, and if the bitcoin price drops during the term of the loan, they'll ask you to deposit more, bringing the "loan-to-value" ratio back to 50%. If you can't deposit more, they'll sell your bitcoin collateral, in order to repay your debt obligation.

• Nexo (Global) — Nexo allows its customers to earn interest on deposited bitcoin, and use bitcoin as collateral for a US dollar loan.

• Crypto.com (Global) — Crypto.com, for iOS and Android, allows its customers to buy and sell bitcoin using bank transfer and credit card, earn interest on deposited bitcoin, spend bitcoin via a debit card anywhere Visa is accepted, and use bitcoin as collateral for a US dollar loan. If you use my referral code gpd9q473d2 you'll receive $50 on your first transaction.

• Ledn (Global) — Ledn provides its customers with Bitcoin and USDC savings accounts that earn a high rate of interest, as well US dollar loans using crypto as collateral.

• Unchained Capital (USA) — Unchained provides both a "2-of-3" multi-signature wallet in which the user controls two keys and Unchained capital controls a third (which would be used in case the customer loses one of their own), and Bitcoin-based loans, with the unique feature that your Bitcoin collateral is held in a segregated account (useful in some tax jurisdictions.)

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