Denys Serhiichuk

Top 10 Bitcoin Loan and Crypto Borrowing websites

🏰There are lots of ways to take out a loan.💳 However, taking a mortgage using crypto is perhaps the most extraordinary way🖖🦄
Top 10 Bitcoin Loan and Crypto Borrowing websites
You may also like:

5-10 years ago, the financial services market was almost completely controlled by banks and microfinance organizations. With the development of information technology and the penetration of the Internet, the situation has changed. Now there is a huge variety of fintech startups and online services that provide financial help.

The rapid growth of cryptocurrency capitalization in recent years and the attraction of worldwide attention to it provoked the emergence and development of Internet services, the key idea of which was financial operations with digital assets.

Lending in Bitcoin appeared 5 years ago. The service quickly gained popularity, but, as usual, a number of difficulties arose. Identifying customers was more difficult than obtaining a loan in a regular bank. And the number of scammers who did not want to repay loans was only increasing.

P2P lending

Who gives loans in Bitcoin?

Almost one hundred percent of cases we are talking about are P2P lending. Bitcoins are not issued by a bank or a financial institution, but by an individual — a usual cryptocurrency holder. The intermediary in the form of a bank is absent, and the intermediate link connecting a borrower and a lender is the online lending service. It allows the borrower to apply for a loan, to which one or more lenders can respond.

The borrower's solvency assessment is based on the system of internal credit ratings. A high rating reduces the risk of loan defaults. The rating shows the level of trust in the system. It directly affects the percentage and the number of people willing to borrow Bitcoin.

Reasons why Bitcoin lending has become so popular:

  • No need to license the credit business. There are neither licenses nor checks.

  • Ability to take out a loan in another country.

  • Transparent conditions specified in the smart contract.

  • Quick transfers without a fee.

We created a list of top 10 crypto borrowing websites, where one can take out a loan in Bitcoin or other coins.


LendaBit logo is a company that offers cryptocurrency holders to lend money or get loans. The service has a high level of security since digital assets are used as a deposit. With LendaBit, you can borrow USDT almost at once.

The platform was created to simplify the process of getting loans for borrowers. They can ask for a loan or choose one of the proposals and immediately see the terms of the provided loans. As a result, capital of investors grow.

To start working with LendaBit you have to register and proceed through the verification stage. After obtaining the address of the LendaBit wallet, you should deposit digital assets on your account. After the user chooses favorable conditions for him, he instantly receives money. The platform uses USDT (1 USDT = $1).

LendaBit has the obligatory AML / KYC requirements and provides its online P2P services in lots of countries, with the exception only of a few ones. The platform links cryptocurrency market participants with financial services and gives a chance for borrowers to quickly get loans with cryptographic protection and affordable conditions from lenders.

💼 Related Article
5 Best Ways to Earn Bitcoins in 2019: How to Earn BTC Guide
🔥 Hot
1 month 1 week
5 Best Ways to Earn Bitcoins in 2019: How to Earn BTC Guide


YouHodler is a financial blockchain ecosystem aimed at providing loans for fiat funds using cryptocurrencies. The YouHodler platform offers loans in US dollars and/or euros, secured by Bitcoin, Ethereum, Ripple, Litecoin, and other popular digital assets.

The company allows users to keep their crypto assets and simultaneously make all the necessary purchases.

The platform is one of the most well-known players on the market. YouHolder offers better conditions to its clients in order to remain popular.


  • The procedure for obtaining a loan is fast and easy. A loan can be taken out instantly, and the whole procedure usually takes no more than a few minutes.

  • YouHodler currently accepts 6 of the top cryptocurrencies as loan collateral: Bitcoin, Ripple, Bitcoin SV, Ethereum, Bitcoin Cash, or Litecoin.

HODL Finance

HODL Finance logo

HODL Finance is a European company that provides loans on the security of on-demand assets and serves cryptocurrency owners worldwide. HODL Finance was launched by successful P2P platform Savy. Created in 2014, the platform currently works in 33 EU countries.

The service creators believe that blockchain and cryptocurrency are the main components of the digital economy. They are sure that cryptocurrency assets represent real value. When using the service, the fiat currency or cryptocurrency is used as a deposit. The system calculates the loan amount that can be provided, and the amount of collateral that must be paid. Then you choose the refund period, use the money received, and then repay the loan and get back your coins.


BTCPOP provides Bitcoin lending for several years, eliminating the need for credit scores. The company is based in the UK.  

Coins of clients are stored in offline storage, a so-called cold wallet. The company offers 5% to account holders only for depositing Bitcoins in their accounts, while multiple loans are issued at 15%. In addition, BTCPOP offers individual loans: from 0.01 BTC to 500 BTC with the ability to set your own interest limit and repayments per month. Account holders are offered the opportunity to invest in a project through an IPO. There is also a referral system. Moreover, the platform funds business ideas, eliminating the need for an ICO.

BTCPOP also provides exchange services, so that users can exchange cryptocurrency for other assets. At the same time, the company does not support fiat currency exchange.


Nexo is a digital platform and a token embedded in it. The system provides users with the opportunity to get a loan, while others only offer it. In this case, the risk of losing funds is reduced to almost zero.

The platform defines itself as a token that is compatible with the requirements of the US Securities and Exchange Commission (SEC), and also complies with legal requirements and has some other advantages.

Nexo offers users monthly rebates on loans due to the fact that they use the digital asset NEXO.

NEXO features

Users can exchange received NEXO tokens for fiat money: this is one of the key features. The speed of transactions and receiving /issuing a loan occur fairly quickly. Moreover, there are no additional commissions and fees on the platform.

Working with the platform is highly secure thanks to the NEXO Oracle module and the specialized algorithms it provides.

NEXO also offers a special card for daily transactions and improving the quality and convenience of working with NEXO loans.

It is quite convenient to work with the platform. First of all, users should register the wallet and deposit some amount, after that the system will analyze the credit potential. If the client is satisfied with the loan, he either receives funds or not.

Nexo Business Model

Nexo Business Model


Each user of the Nexo platform can be sure that his funds will not be lost because it is monitored 24/7 to prevent fraud. The company protects funds by working with BitGo, a company Goldman Sachs invested in (one of the largest investment banks in the world). Nexo is also a partner of Onfido, a company that Coinbase, Revolut, Bittrex and HSBC trust.

SALT Lending

It is a company that uses blockchain technologies for providing loans. SALT (Secured Automated Lending Platform) allows borrowing money for digital assets.

SALT Lending principle of work

The main advantage of SALT lies in its proprietary feature, the so-called credits supported by the blockchain. In essence, these are simple loans, which you transfer to your Bitcoin address as collateral in return for traditional currencies. Unlike a traditional mortgage or auto loans, one can use blockchain loans for any individual or institutional purposes.

💼 Related Article
How to Buy Bitcoin with Bank Accounts Instantly
🔥 Hot
3 weeks 6 days
How to Buy Bitcoin with Bank Accounts Instantly


In order to begin using the SALT Lending, customers have to pay a participation fee. There are 3 levels:

  • Basic

  • Bonus

  • Corporate

A higher level gives the ability to borrow more money, more variety of currencies and extra flexible loan conditions. Also, representatives of higher levels have much more benefits comparing to users of basic level, such as early access to new products, the ability to obtain credit/debit cards, manage a portfolio, etc.

Recently, the company declared the reorganization of its system of levels. Users can still take loans, but now in this way, it is not necessary to use the SALT token. However, if you leave SALT as collateral, you will get a loan on the best terms.

To register, you should provide personal data, such as first and last name, valid email and place of birth. SALT users should also proceed through the regulation of  KYC (“know your customer”) and AML (“anti-money laundering”), so be ready to provide passport information.

Crediting process

Unlike traditional financial institutions, SALT never asks for your credit rating. Instead of that, the company uses cryptographic security, determining your credit on the basis of this condition.

Lenders begin the lending process by publishing the terms for which they are ready to issue a loan. At the same time, borrowers look through many options and determine the most appropriate.

When a loan is selected, the lenders provide funds, and borrowers leave the collateral with a smart contract. After that funds are sent straight to the borrower's account.

After that, you pay the monthly payments in accordance with the conditions of the loan. Once the loan is fully repaid, SALT discharges your security deposit and returns the smart contract to its owner.

Crediting procedure

The platform developers have enough experience in the blockchain sphere, and the project advisor is one of the leaders in its industry – Erik Voorhees. He created ShapeShift, one of the most well-known cryptocurrency exchanges.


Kiva is an open ecosystem where lenders from different countries come together to create chances for borrowers, as well as make their contribution to Kiva’s poverty reduction mission. The project operates in more than 80 countries on 5 continents. It has many partners, and although most of them are microfinance institutions, they can also be schools, NGOs, or public enterprises. They all have one common aim: the desire to make better the lives of people through safe and equitable access to credit.

The company provides loans in cryptocurrency only to those users who really need them and at the same time do not have access to financial services. The percentage of loan repayment is quite high – 96.9%, which for cryptocurrency it is more than a good indicator. Typically, such loans are issued to finance agriculture, education, or creative projects.


Bitbond is one of the oldest P2P platforms for Bitcoin lending. With the help of blockchain, the company connects creditworthy borrowers with individual and institutional investors. Also, it has many positive feedbacks from its clients.

Bitbond was launched by Radoslav Albrecht in 2013 and wants to be the first loan site for P2P lending to small businesses. It is located in Germany and works in more than 120 countries.

Since its launch, more than 90,000 users from 120 countries have joined the platform, and 1,700 (1.4 million euros) have been granted. Thanks to innovations in the field of payments and borrowing, Bitbond provides financial services to those ones who really need them.

To get a loan, you just need to create an account and go through the verification procedure.

Bitbond uses Bitcoin’s blockchain to process payments and, having received the German financial regulator's license (BaFin) in October 2016, is one of the few fully regulated financial service providers in this branch.


ETHLend is a decentralized application (DAPP) based on the Ethereum blockchain, which provides secure, P2P lending on the basis of smart contracts. It seeks to democratize the lending procedure, getting rid of control from the traditional banking system and large financial bodies.

Unlike other blockchain applications, ETHLend gives borrowers and lenders a chance to tackle important issues of cooperation without the need for a third-party. In essence, it means that a lender and a buyer anywhere in the world can negotiate on their own terms and conditions.

Decentralization can solve many of the issues associated with a modern centralized system of loans.

We have come up with the main reasons why decentralizing loans makes sense:

  • Confidence: Thanks to decentralization, the need to trust your loan provider and counterparty has been eliminated. The collateral is blocked and monitored by smart contracts, which are visible on a public blockchain.

  • Clarity: You do not have to be an IT expert, because the Ethereum network provides easy registration, which is open to control. Every transaction is stored in the public blockchain and can be verified.

  • Connection: Using the Ethereum blockchain, ETHLend customers can connect with each other from anywhere in the world. Lending transactions are carried out from the Ethereum network, which is available throughout the world. Both borrowers and lenders without restrictions can gain access to a much wider range of credit liquidity.

💼 Related Article
10 Best DApps On Ethereum
🔥 Hot
4 months 1 week
10 Best DApps On Ethereum

Obtaining a loan with ETHLend

In order to ask for a loan, ETHLend clients should place ERC-20 compliant tokens or Ethereum Name Service (ENS) domains as security.

Nowadays, only borrowers can ask for loan requests in ETHLend. To submit a request, a user must fill information about the cost of the loan, the percentage premium and the quantity of tokens required for the collateral. If the lender agrees to these terms and conditions, a loan agreement will be created.

There can be one of two scenarios from a loan contract:

  • The borrower repays the loan. Then the creditor earns the initial reward.

  • The borrower cannot repay the loan. Then the creditor receives collateral.

ETHLend smart contract scenarios

Creating a decentralized credit rating of borrowers

ETHLend is also planning to provide unsecured loans in the future. Unsecured loans are loans where a borrower does not provide collateral by default, and they are much riskier for the lender. To help lenders solve the problem of estimating the underlying risk of unsecured loans, ETHLend plans to create a decentralized credit rating for all its users.

To put it briefly, Ethlend borrowers will be able to earn a reputation over time, as they successfully repay loans. Each ETHLend borrower will have a decentralized credit rating, collected from several data sources. The primary source will be Credit Tokens (CRE), released by ETHLend itself.

Refinancing loans will allow ETHLend to introduce the concept of unsecured loans to users, as well as provide additional information for lenders.

In addition, ETHLend plans to provide users with the opportunity to transfer their decentralized credit ratings to other blockchains. Borrowers can then use the earned credit score for applications in different chains.

Perspectives of ETHLend

Thanks to the technologies and innovations that the ETHLend team is implementing, residents of even the poorest and most underdeveloped countries will be able to obtain loans. But, the development of this project will not be fast, because for the normal functioning of the project, a prepared ecosystem is needed, and this is still far away.


Nebeus logo
Nebeus is a cryptocurrency platform for P2P banking services with the capabilities of cryptocurrency and standard banking services, which allows customers to purchase, sell, store, transfer, lend and borrow funds in cryptocurrency. Nebeus today is already a successfully operating credit and trading platform with a multi-cryptocurrency wallet.

Within the platform, there are many personalized solutions for both individuals and legal entities. This includes your own wallet, which allows making various payments and carrying out the whole range of cryptocurrency operations, including the possibility of issuing P2P loans in cryptocurrency. Nebeus also has a trading platform with the option of trading, buying, and selling various cryptocurrencies, issuing debit and credit cards linked to an account. So holders can receive loans instantly and have instant access to funds.

It plans to add many other features, such as additional cold storage, creating multi-signature wallets, making regular payments, issuing gift cards, the possibility of mass payments, smart contracts, and many other useful options, which you can learn about in the white paper of the project. The Nebeus team is committed to developing a full-scale, blockchain-based, crypto financial ecosystem that will allow participants to create and consume financial products and services in a safe and user-friendly environment. The implementation of all the above plans of the founders of Nebeus will be possible thanks to the ICO mechanism. By attracting external funding, a foundation is created for the intensive growth of the platform’s capabilities.

Some tips on Bitcoin lending

  • Carefully check the profile of the borrower before lending him money.

  • Never lend money to those who do not pay their obligations.

  • Do not lend more than you are willing to lose.

  • Feel free to ask questions to the borrower.

  • Higher interest rates lead to higher risks.

Bitcoin has already changed our understanding of the use of finance. We no longer depend on bank systems that were outdated a hundred years ago.

Cryptocurrencies have stormed the financial world and disrupted the established procedure for transferring money, obtaining loans and other operations.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles
Alex Morris

Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?

💣💥In this article, U.Today takes a closer look at one of the best-known privacy coins on the cryptocurrency market that was once embraced by no other but Edward Snowden
Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?
You may also like:

Zcash is a privacy-centered cryptocurrency that allows performing anonymous transactions while using a public Blockchain. The coin uses zero-knowledge cryptography, where something can be verified without revealing any additional details. The project’s roots lie in Zerocoin, the project that was developed by cryptographer Matthew Green, but the two projects currently have very little in common (as stated by Green himself).

Alt: Zcash founder Zooko Wilcox
As reported earlier by U.Today, Zcash Company has been recently renamed to Electric Coin Company, but the 30-strong team will continue to work on the project.

Private transactions

The privacy-centric cryptocurrency Zcash has one famous fan – whistleblower Edward Snowden. In 2017, he called ZEC ‘the best alternative to Bitcoin’. The Zcash network has two types of addresses: transparent and shielded (t- and z-addresses respectively). The latter type of addresses is not visible on Blockchain. However, there the network also has some pain points that should be taken into account:

  • Z-transactions require a lot of computational power, which takes a toll on their adoption.

  • Centralization concerns (Zcash is not fully decentralized since the team behind the coin holds 10 percent of its total supply).

  • Limited storage options (there are no mobile wallets that support Zcash).

Facing major competitors

Zcash remains the second biggest privacy coin after Monero, but this niche of the cryptocurrency industry is getting more and more crowded. As reported by U.Today, Litecoin is mulling over adding Confidential Transactions (CFs) as early as in 2019, which would make the coin an anonymous version of Bitcoin. Moreover, Beam and Grin, two brand-new anonymous cryptocurrencies that are based on the ‘tongue-tying’ Mimblewimble algorithm, also appeared on the market in 2019.
Alt: Beam and Grin - new privacy-centered coins
However, Electric Coin Company CEO Zooko Wilcox believes that these new coins will not be able to compete with Zcash.

💼 Related Article
Grin and Beam Both Greatly Outperforming Monero and Zcash
🔥 Hot
1 month 1 week
Grin and Beam Both Greatly Outperforming Monero and Zcash

Regulators fear it

2018 was the year of a regulatory crackdown on cryptocurrencies since governments around the globe want to prevent money laundering and other types of illicit activities.

Zcash has already been embraced by numerous cryptocurrency exchanges, including Coinbase, but the problem is that its complete anonymity opens the doors to scammers and even terrorists. The network allows disabling the privacy feature, so the asset will continue gaining listings on other exchanges.

On the flip side, it is worth noting that privacy coins are serving as powerful tools that protect their users from identity theft and other types of crimes.

Zcash price history  

The price of ZEC has declined 98.82 percent since its very first exchange listing when the coin started trading at $4,293.
Alt: Zcash price peak

Back in January, Zcash reached its new peak of $876, but it fell quickly when the broader cryptocurrency market took a hammering.       
On Dec. 06, ZEC finally got listed on Coinbase, the biggest cryptocurrency exchange in the US. At the time of writing this article, Zcash is trading at $50.82.

Considering the technology behind Zcash (zk-SNARKs), some might find it surprising that the coin is still not in the top 10. However, the coin has very little real-world adoption compared to its competitors.  

Price pump after halving

Notably, Zcash has the same supply curve as Bitcoin, which means that the asset is becoming more and more scarce. The Zcash community currently has two high-stake halvings that will produce a direct impact on the coin’s price. When all 17 mln ZEC coins are mined, it is quite reasonable to assume that the coin’s price could skyrocket up to $4,000.

Zcash is currently working on reducing the coin’s inflation rate (it stands at 0.1 percent, which is quite high compared to other cryptocurrencies). The introduction of the so-called ‘harmony mining’ will help reduce the mining reward.

In 2020, the Zcash halving will take place – it is expected to reduce the mining rewards by half. That will undoubtedly produce a positive effect on the Zcash price.  

💼 Related Article
What is Bitcoin Halving and When Next Bitcoin Halving Occurs
🔥 Hot
9 months 3 weeks
What is Bitcoin Halving and When Next Bitcoin Halving Occurs

$60,000 by 2025?

Back in 2018, Grayscale Investments predicted that Zcash could hit a staggering $60,000 by 2025 if it replaced ‘offshore’ bank transfers. Everyone, not just a handful of billionaires, will have access to their own proverbial ‘Swiss bank account’. The price of this asset could increase exponentially if it occupies even a small chunk of this market. For instance, ZEC would cost $6,289 if it represented only one percent of the collective ‘offshore wealth’.

However, the above-mentioned $60,000 figure is far-fetched since one should take into account the harsh competition among privacy coins. Monero (XMR) has already become the dark web’s darling, and its market cap is three times bigger than that of Zcash.

Market sentiment

Of course, one should keep in mind that no one can predict for sure what happens to the cryptocurrency market in the next five years. The price of ZEC price greatly depends on the overall market sentiment, which means that it will probably mimic Bitcoin. If Bitcoin goes down, all altcoins go down as well. However, that wasn’t the case in the mining department – Zcash mining was 400 percent more profitable in June 2018.

💼 Related Article
Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)
🔥 Hot
2 weeks 4 days
Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)

The bottom line

Zcash poses a viable alternative to Bitcoin. This is one of the most prominent privacy coins that allows performing anonymous transactions. While the future of the cryptocurrency looks promising, there are multiple factors that could thwart its growth:

  • Lack of adoption (it won’t be able to compete with other privacy coins if the pace of adoption remains too slow).

  • Bad reputation (Zcash has already been mentioned by Europol as one of the cryptocurrencies that is used by cybercriminals).

  • Regulations (as mentioned above, regulatory clampdown seems imminent if Zcash adoption continues to grow).

  • The overall decline of the crypto market (Zcash won’t be able to survive if Bitcoin and major altcoins hit a snag).   

According to BuySellHodl, which displays real-time price predictions, Zcash is one of the lowest-rated cryptocurrencies with a 46 percent ‘Buy’ rating (Bitcoin SV was the only cryptocurrency lower on the list with only 29 percent of responders willing to buy it). With that being said, Zcash investors also have every reason to believe that the coin’s price will grow substantially after the upcoming halving.

Subscribe to the official U.Today Telegram channel. Get news first!
👓 Recommended articles