Before You Begin
Borrowing against your Bitcoin on Bitlendex takes just a few minutes. Before you start, make sure you have:
- A Bitlendex account (sign up takes under 2 minutes).
- Bitcoin available to deposit as collateral.
- A destination for your loan proceeds: a crypto wallet address (for USDC) or bank account details (for fiat currency).
Minimum collateral
The minimum collateral deposit is 0.01 BTC. There is no maximum: Bitlendex supports loans from $500 to over $1 million.
Step 1: Use the Loan Calculator
Start on the Bitlendex homepage and scroll to the Loan Calculator. Enter the amount of Bitcoin you plan to deposit as collateral.
The calculator instantly displays your maximum borrowing power, the loan-to-value (LTV) ratio, and the estimated annual interest rate. Adjust the collateral amount to see how it affects your loan terms.
Liquidation Price
BTC price at which your loan may be liquidated
Annual Percentage Rate
Variable rate based on market conditions
Estimated Interest
Based on current loan amount and APR
Lower LTV = larger safety buffer
Choosing a lower LTV (e.g. 40% instead of 50%) gives you a larger cushion against Bitcoin price drops. This reduces the chance of a margin call or liquidation.
Step 2: Create Your Account
Click "Get Started" to create your Bitlendex account. You can sign up with your email address or connect an existing wallet.
Automatically, Bitlendex generates a secure embedded wallet for you using Privy. There are no browser extensions to install, no seed phrases to write down, and no private keys to manage.
Your embedded wallet is secured by Privy's infrastructure with hardware-backed key management. You can export your keys at any time if you want full self-custody.
Step 3: Choose Your Loan Amount
Once your collateral is confirmed, click "Borrow" from the dashboard. Enter the amount you want to borrow.
The interface shows a suggested LTV (50%), and the interest rate that applies. You can select an LTV max of 60%.
We recommend borrowing at 40 to 55% LTV for a comfortable safety margin. At 60% LTV you have less room before reaching margin call territory.
Step 4: Select Your Payout Method
Choose how you want to receive your loan proceeds:
- USDC Crypto Wallet: Stablecoin delivered directly to your ERC-20 wallet address. Typically available within minutes.
- Fiat to Bank: US dollars sent to your bank account via ACH or wire transfer. Typically processed within 1-3 business days.
Confirm your selection and review the loan summary: including the total amount, interest rate, LTV ratio, and payout destination.
What is an ERC-20 address?
An ERC-20 address is an Ethereum wallet address that can receive tokens like USDC. If you choose the USDC payout option, you'll need an Ethereum-compatible wallet (such as MetaMask, Coinbase Wallet, or Trust Wallet) to provide your receiving address. Make sure to use an ETH wallet address you control, not an exchange deposit address.
Step 5: Deposit Bitcoin Collateral
Next, you will need to deposit your BTC as collateral to initiate the loan.
- Copy your unique deposit address from the dashboard.
- Send BTC from your external wallet or exchange.
- Wait for on-chain confirmations (typically 1 to 3 confirmations, about 10 to 30 minutes). You can provide transaction hash to speed up detection on our side.
- Your collateral balance updates automatically once confirmed.
Send only Bitcoin
Only send BTC to your Bitlendex deposit address. Sending other cryptocurrencies to a Bitcoin address may result in permanent loss of funds.
Step 6: Review all Information and Receive Funds
Make sure to review the final loan summary and payout wallet address. The loan will automatically initiate once it detects the BTC you've sent.
You can track your loan status, LTV ratio, and accrued interest from your dashboard at any time.
No fixed repayment schedule
There are no monthly payments or fixed terms. Interest accrues on your outstanding balance and you can repay on your own schedule. When you repay in full, your Bitcoin collateral is released back to your wallet.
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