Best Crypto-Backed Loan Providers in 2026

Want to turn your crypto into cash without selling it? That’s exactly what crypto-backed loans are for. These loans let you use your Bitcoin, Ethereum, or stablecoins as collateral to borrow fiat or other crypto. You keep your crypto, skip the credit checks, and in some cases, you don’t even need to complete KYC.

In the last couple of years the number of platforms offering crypto loans continues to grow. But not all platforms are created equal. Picking the wrong one can lead to high fees, security risks, or poor loan terms. In this guide, we’ll highlight the best crypto lending platforms based on features, reputation, interest rates, and user experience. Whether you’re looking for low interest, non-custodial lending, or a crypto loan without KYC, you’ll find the right option here.

What Are Crypto-Backed Loans and How Do They Work?

Crypto loans allow you to borrow cash or stablecoins without selling your crypto. You deposit your crypto assets as collateral, and the platform lends you a percentage of that value. Once you repay the loan, you get your collateral back.

These are usually overcollateralized, meaning you might need to deposit $10,000 worth of crypto to borrow $5,000. This helps protect the lender in case the market drops.

There are two main types of crypto loan platforms:

• Centralized (CeFi): Easy to use but requires you to give up custody of your assets.
• Decentralized (DeFi): More complex, but non-custodial and permissionless.

Both offer advantages depending on your preferences, goals, and risk tolerance.

Best Crypto Lending Platforms in 2026

Here are the top crypto loan providers available in the US and Europe. Each has its own strengths, whether you're looking to borrow crypto, lend crypto, or compare crypto loan rates.

1. Coinbase

While Coinbase isn’t a dedicated crypto loan provider, it plays a key role in the crypto lending space. It integrates with third-party DeFi protocols like Aave and Compound, allowing users to access crypto-backed loans from within a familiar platform.

As one of the most trusted and regulated crypto exchanges in the United States, Coinbase is often the first step for beginners looking to get a loan with crypto.

Key features:

• Regulated and licensed in the US
• Connects to decentralized lending protocols
• Secure custodial wallets for collateral storage

Pros:

• High reputation and user trust
• Easy to use, especially for Coinbase customers
• Full regulatory compliance

Cons:

• No built-in crypto loan product for most users
• Limited to third-party integrations

Best for: Beginners in the US looking for a safe introduction to crypto loans. Not suitable if you need instant access to fiat or stablecoins.

> Start borrowing through Coinbase and explore trusted crypto-backed loan options today.

2. Binance

Binance offers a powerful crypto lending platform through its Loans and Simple Earn services. You can borrow stablecoins like USDT or BUSD using a wide range of crypto assets as collateral. The platform offers both fixed and flexible terms, with loan-to-value ratios up to 75 percent.

Key features:

• Borrow with over 50 supported crypto assets
• Flexible loan durations and repayment terms
• Automatic liquidation to protect your collateral

Pros:

• Huge selection of coins and tokens
• Competitive crypto loan rates
• Discounts for VIP and staking users

Cons:

• Not available for US users
• Requires full KYC
• Funds are held in custody by Binance

Best for: Power users who want full control over loan terms, supported assets, and interest rates. Not recommended for users based in the US.

> Get started with Binance and borrow crypto against a wide range of assets today.

3. Bit2Me

Bit2Me is a Spanish crypto exchange that now offers fiat loans backed by crypto collateral. You can use Bitcoin or Ethereum as collateral to get a loan in euros. The platform is fully regulated under EU law and is designed for users who value local support and compliance.

Key features:

• Loans issued in EUR
• BTC and ETH accepted as collateral
• Regulated by EU financial authorities

Pros:

• Perfect for users in the Eurozone
• High level of regulatory compliance
• User-friendly interface in Spanish and English

Cons:

• Only supports a limited number of cryptocurrencies
• Fewer features than platforms like Binance or YouHodler

Best for: European residents who want to borrow euros using their crypto in a secure, compliant environment.

> Borrow euros with Bit2Me and enjoy a safe, regulated crypto lending experience in the EU.

4. Wirex

Wirex offers crypto-backed credit lines instead of traditional loans. You can use Bitcoin or Ethereum as collateral to borrow stablecoins like USDT or DAI. What makes Wirex stand out is the absence of a fixed repayment deadline. You can repay whenever it suits you, making it ideal for those with irregular income.

Key features:

• Loans issued in stablecoins
• Loan-to-value ratio up to 80 percent
• No repayment schedule

Pros:

• Total flexibility on repayments
• No minimum payment timeline
• Interest only charged on the amount you owe

Cons:

• No option to withdraw fiat
• Interest can add up quickly if unpaid

Best for: Freelancers, digital nomads, and anyone with unpredictable income who wants to get a loan with crypto on their own terms

> Use your crypto as collateral and borrow without deadlines. Start with Wirex today.

5. YouHodler

YouHodler offers some of the highest LTV ratios on the market, going up to 90 percent. You can borrow against more than 50 crypto assets and receive funds in stablecoins or fiat currencies like USD, EUR, or GBP. The platform also offers interest-earning accounts and trading tools like Multi HODL.

Key features:

• Up to 90 percent LTV
• Supports over 50 crypto assets
• Fiat and stablecoin withdrawals
• Loyalty program and cashback options

Pros:

• One of the highest LTVs available
• Fast payouts in multiple currencies
• Earn interest on unused crypto

Cons:

• Requires full KYC
• Centralized custody model

Best for: Active traders and high-volume users who want to borrow large amounts or access fiat quickly

> Borrow up to 90 percent of your crypto’s value instantly with YouHodler. Try it now.

6. Nexo

Nexo is one of the most established crypto loan providers, known for its strong compliance and user trust. You can borrow fiat or stablecoins instantly using over 60 different crypto assets. Nexo also rewards users with daily interest on deposits and offers zero-cost borrowing for top-tier members.

Key features:

• Loans in fiat or stablecoins
• Multiple loyalty levels with varying rates
• 24/7 customer support and mobile app

Pros:

• Excellent reputation and robust security
• Daily earnings on idle crypto
• Zero-interest borrowing for premium users

Cons:

• Lower LTV than competitors
• Requires staking NEXO tokens for best terms

Best for: Users focused on stability, long-term growth, and earning passive income while keeping borrowing options open

> Earn, borrow, and grow your portfolio with Nexo. Activate your account today.

7. CoinRabbit

CoinRabbit is known for offering crypto loans without KYC or credit checks. You can lock over 130 crypto assets as collateral and receive stablecoins or Bitcoin instantly. There are no deadlines, and interest is fixed, giving you full control over repayments.

Key features:

• No identity verification required
• Open-ended loan duration
• Supports over 130 cryptocurrencies

Pros:

• Instant loan approval
• Privacy-focused borrowing
• No repayment schedule

Cons:

• Only stablecoin or Bitcoin loans
• No fiat withdrawal
• Risk of liquidation during high market volatility

Best for: Crypto users who value privacy, speed, and control. Ideal for quick liquidity with no paperwork

> Get a no-KYC crypto loan instantly with CoinRabbit. No waiting, no hassle.

8. FigureMarkets

FigureMarkets offers institutional-grade crypto lending to both businesses and individuals. The platform supports Bitcoin and Ethereum as collateral and provides loans in a fully compliant, transparent environment. Every loan is tracked on-chain, offering unmatched visibility and accountability.

Key features:

• Licensed and regulated lending
• Transparent on-chain loan tracking
• Tailored for professional use

Pros:

• High trust and compliance
• Integrated with financial systems
• Designed for large-scale or business users

Cons:

• Requires full KYC and documentation
• Limited appeal for everyday borrowers

Best for: Institutional clients, miners, and professional investors who want secure, high-value crypto-backed loans

> Experience professional crypto lending. Apply with FigureMarkets now.

9. Aave

Aave is a leading decentralized finance (DeFi) protocol that allows you to borrow crypto without going through any centralized entity. Just connect your wallet, deposit collateral, and borrow stablecoins directly. There’s no KYC, no approval process, and no custodial risk.

Key features:

• Fully non-custodial and open source
• Supports ETH, WBTC, DAI, USDC, and more
• Available on Ethereum, Avalanche, and other blockchains

Pros:

• No personal data required
• Transparent smart contract-based system
• No centralized control or risk of withdrawal freezes

Cons:

• More complex user interface
• Only stablecoin loans, no fiat
• Subject to smart contract risk

Best for: DeFi enthusiasts, developers, and crypto-native users who want maximum autonomy

> Borrow crypto anonymously and take full control with Aave. Connect your wallet to get started.

10. Unchained Capital

Unchained Capital offers Bitcoin-backed loans with multi-signature custody, meaning no one can move your BTC without your approval. Loans are issued in US dollars and are fully compliant with US regulations. The platform is ideal for institutions, miners, and long-term BTC holders looking for liquidity.

Key features:

• Multi-signature Bitcoin wallets
• USD loans for US-based users
• Focused on security and transparency

Pros:

• Trusted and regulated US lender
• Secure custody setup
• Clear loan terms with no hidden fees

Cons:

• Bitcoin only, no support for altcoins
• Only available to US residents

Best for: Bitcoin holders in the United States who want to borrow fiat without selling their crypto

> Secure a USD loan with your Bitcoin today. Apply with Unchained Capital.

CeFi vs DeFi Lending: What's Better?

Crypto lending platforms generally fall into two categories: CeFi (centralized finance) and DeFi (decentralized finance). Both offer crypto-backed loans, but the user experience, risks, and level of control differ significantly.

Here’s a closer look at what each model offers, and how to decide which one is right for you.

What is CeFi?

CeFi platforms are managed by companies that oversee the entire lending process. They handle everything from identity verification to holding your crypto as collateral and issuing your loan. Examples of CeFi crypto loan providers include Nexo, Binance, YouHodler, CoinRabbit, and Unchained Capital.

Advantages of CeFi:

• Beginner-friendly with simple interfaces and mobile apps
• Customer support available for assistance
• Offers fiat withdrawals in USD, EUR, or GBP
• High loan-to-value (LTV) ratios, sometimes up to 90 percent
• No need to manage wallets or worry about gas fees

Disadvantages of CeFi:

• Most platforms require KYC and identity verification
• Custodial: You give up full control of your crypto
• Platform risk: If the company fails, your funds may be at risk

This risk is real. Platforms like BlockFi and Celsius, once seen as some of the best crypto lending platforms, collapsed during the 2022 market crash, locking billions in user funds. That’s why choosing a trustworthy provider is critical.

What is DeFi?

DeFi platforms like Aave allow you to borrow crypto through automated smart contracts: no middlemen, no credit checks. You simply connect your Web3 wallet (like MetaMask), deposit crypto collateral, and borrow stablecoins directly from the protocol.

Advantages of DeFi:

• Non-custodial crypto loans: You stay in control of your wallet
• No KYC or personal data required
• Transparent system: All transactions are public and verifiable
• Permissionless access: Anyone can borrow if they meet the requirements

Disadvantages of DeFi:

• It can be more complex for beginners
• Loans are issued in stablecoins, not fiat
• Smart contract risks exist: Bugs or exploits could result in losses

So, Which Is Better?

It depends on what you need.

Choose CeFi if you:

• Want to borrow fiat
• Need high LTV ratios
• Prefer a simple and guided user experience

Choose DeFi if you:

• Want full privacy and control
• Prefer non-custodial crypto lending
• Don’t want to go through identity checks or KYC

For most beginners, platforms like Nexo and YouHodler provide an easier and safer starting point. But if you're comfortable with crypto wallets and prefer self-custody, Aave is one of the best DeFi lending options out there.

How to Choose the Right Crypto Loan Provider

Finding the best crypto loan provider isn’t just about the lowest rates. You need to think about where you live, what crypto you hold, how much control you want, and what level of risk you're willing to accept. Here’s what to consider.

1. Location and Availability

Not every platform works in every region.

• United States: Regulations are strict. Good options include Coinbase, Unchained Capital, and Nexo.
• Europe: You’ll have more choices. Platforms like Bit2Me, Wirex, and Binance are widely available.

Always check if the platform is licensed or regulated in your country before depositing any funds.

2. Supported Cryptocurrencies

Think about what you want to use as collateral and what you want to borrow.

Most platforms accept Bitcoin, Ethereum, and stablecoins, but some support altcoins or token staking as well.

Ask yourself:

• Do you want to borrow fiat like USD or EUR, or stablecoins like USDT or USDC?
• Can you repay using the same crypto you deposited?

For example, YouHodler lets you borrow fiat. Aave, on the other hand, offers stablecoin loans only.

3. LTV Ratios, Interest Rates, and Loan Terms

The loan-to-value ratio is key. Higher LTV means you can borrow more with less collateral, but also increases your risk of liquidation if prices drop.

Compare platforms on:

• LTV limits (for instance, CoinRabbit goes up to 90 percent, Aave offers around 50 to 70 percent)
• Interest rates: Are they fixed or variable?
• Loan duration and repayment terms
• How quickly your collateral is returned after repayment

Also, check if the platform charges for early repayments or adjusts rates based on loyalty programs, like Nexo does.

4. KYC and Privacy

Some people are comfortable verifying their identity. Others prefer full anonymity.

If privacy is important to you, look at platforms that offer crypto loans without KYC, such as CoinRabbit and Aave. Just remember, with more privacy comes higher risk and little to no customer support.

If you want a fully regulated experience, stick with CeFi platforms that follow KYC guidelines.

5. Security and Platform Reputation

Don’t choose a platform just because it looks professional. Do your research:

• Check if DeFi platforms have audited smart contracts
• Look for insurance coverage or reserves on CeFi platforms
• See if the company is transparent about its legal structure
• Read real user reviews and Reddit threads
• Look into the platform’s history. Have they ever frozen withdrawals or been hacked?

Aave, for example, has billions locked and a strong security track record. Unchained Capital uses multi-signature wallets to protect user funds. These are signs of trustworthy crypto lending platforms.

If a platform promises extremely high LTV, zero interest, and no risk? That’s a red flag.

Conclusion: What’s the Best Crypto Loan Provider for You?

The best crypto lending platform depends on what you're looking for.

• Want fast, private, no-KYC crypto loans? Go with CoinRabbit.
• Need a safe, regulated provider with fiat payouts? Try Nexo or Bit2Me.
• Looking for secure Bitcoin-backed loans with professional custody? Choose Unchained Capital.
• Prefer a non-custodial experience with full control? Aave is your best bet.

There’s no universal answer, but there is a best fit for your situation.

Pro Tip: Don’t put all your crypto into one lending platform. Just like investing, it’s smart to diversify. Start small, learn the platform, and scale up when you feel confident.

And always do your own research. Platforms like BlockFi and Celsius were once considered  safe, right up until they collapsed and took users' funds with them.