Keep your BTC, ETH, & SOL. Unlock cash fast
3 easy steps to secure a Crypto-Backed Loan:
- 1
Download the Figure Markets App and complete your registration
- 2
Deposit your Bitcoin or Ethereum into Figure Markets’ decentralized MPC wallet
- 3
Get funded and receive cash into your Figure Markets account
Crypto-Backed Loans:
Get cash while you keep your Bitcoin, Ethereum, and Solana
Figure Lending has originated $9B+ in funded loans, including crypto loans.
*Terms and conditions may apply. Please review disclosures located below for more information.
Crypto: yours to HODL.
Cash: yours to use
Whether you need to consolidate debt, fund a large purchase, or just bridge short-term finances, our crypto backed loan platform—covering Bitcoin, Ethereum, and Solana loans—lets you borrow against your holdings instantly.
Large purchases
Use your Bitcoin, Ethereum, or Solana backed loan to purchase a car, mining equipment, or even plan a dream vacation—no need to sell your BTC, ETH, or SOL.
Upgrade your home
Get the funds you need to complete home projects or renovations.
Consolidate debt
Pay off high-interest or credit card debt with a lower-interest loan.
Invest
Free up cash to re-invest into more BTC, ETH, or SOL with zero trading fees on Figure Markets.
Why Figure?
Trusted lender
Figure Lending has originated $9B+ in funded loans, including crypto-backed loans, and uses decentralized custody and an MPC wallet so you can use truth over trust.
No credit score needed
Your eligibility for a crypto-backed loan is based on your crypto collateral, not your traditional credit score. We will conduct a soft-credit pull to determine if you are in good standing with other lenders.
Competitive rates and flexible payment terms
Enjoy a competitive rate and choose to make monthly interest-only payments or defer interest payments until maturity.
Interest deferral may be subject to 1% deferral fee, depending on jurisdiction.2: Navigates to numbered disclaimer
No rehypothecation
New loans are placed into a decentralized custody wallet. You can check in on your Bitcoin with the address we provide you so you can see it sitting there, knowing it’s safe from rehypothecation and segregated from other customers.
See how Figure stacks up. Compare crypto-backed loans at a glance
Access funds quickly, all while keeping your crypto holdings intact. No credit score needed.
| Figure Crypto-Backed Loan | Ledn* | Arch** | |
|---|---|---|---|
| Supported Assets | BTC, ETH, & SOL | BTC | BTC, ETH, Solana |
| Interest Rates | 8.91% (9.999% APR)2: Navigates to numbered disclaimer @ 50% | 10.9% @ 50% | 12.5% @ 50% |
| Origination Fee | 1% | 2% admin fee | 1.5% |
| Custodian | Decentralized, MPC custody | BitGo | Anchorage |
| Term Length | 1 year | 1 year | Up to 2 years |
| Restricted US States (Retail) | DC, ID, IL, KY, MD, MS, SD, TX, VT, and VA | CA, CT, HI, LA, NV, ND, SD, TN, VT, WA, DC | CA, TX, IL, OH, VA, WA, TN, +13 others |
| Founded | 2018 | 2018 | 2022 |
- * ledn.io/
- ** archlending.com/
First time experience, this a great platform
First time experience and I think this a great platform ! Anybody that has crypto , this platform will give you a loan using your crypto as collateral ! You don’t have to sell your crypto just get a crypto - backed loan and pay the loan back with the profit you made from your crypto .
Written by customer— Carlos M., 5.0 stars
They made the process extremely easy
I have had several accounts with Figure ranging from personal loans, HELOC, and crypto-backed loans. They made the process extremely easy and have innovated in ways that a lot of traditional finance companies have not. I have never had any issue and their customer service reps are very friendly. Their rates could be a little lower but they make up for it in the speed of disbursement and customer service. I will continue to use them in the future.
Written by customer— Hieu P., 5.0 stars
Wonderful customer service, easy to get answers
Wonderful customer service. Easy to get answers. Clear statements & safe login. Have completed two loans with crypto. Would do another.
Written by customer— Kara I., 5.0 stars
3866 Excellent Reviews on trust pilot
Trustpilot reviews Opens in a new window.Frequently asked questions
Figure’s crypto-backed loan allows you to put up crypto as collateral to access cash, while continuing to HODL. You can borrow up to 75% of the value of your crypto at a fixed interest rates of 8.91% (9.999% APR) at 50%2: Navigates to numbered disclaimer . Your rate will be determined by your collateral and LTV. Your collateral is held by our qualified custodian and will never be rehypothecated. You can make monthly interest-only payments over the course of your loan term, or opt to defer interest for a fee.1: Navigates to numbered disclaimer Your remaining balance and any deferred interest is due in full at maturity. Once your loan is paid, any excess collateral and/or fiat will be returned to you.
Many customers use their liquidity for large purchases like a house, car, or vacation, while others may invest in mining equipment or additional crypto assets. Figure does not provide financial advice and we recommend you contact your financial advisor about how the proceeds can be best used.
Figure's Crypto-Backed Loan is available to residents of every state except Idaho, Illinois, Kentucky, Maryland, Mississippi, South Dakota, Texas, Vermont, Virginia, and the District of Columbia, and we are working to expand to these locations. It is available internationally through our partner, Figure Markets Credit LLC Opens in a new window., with the exception of certain jurisdictions.
We allow an initial loan-to-value ratio (LTV) of up to 75%. You may choose to deposit more collateral initially to lower your initial LTV, borrow at a lower interest rate, and reduce the chance of being margin called over the life of your loan.
Margin calls are notices to restore your loan’s initial LTV when the value of your crypto collateral falls and is no longer sufficient to secure your loan. Based on the severity of the LTV increase, you will need to cure your loan in the required amount of time or your crypto will be liquidated with a 2% fee charged. You can restore your initial LTV by adding collateral or making a payment on your loan.
When you repay your loan, your unliquidated crypto collateral will be returned to you, along with any excess fiat remaining. This crypto will be returned to a wallet address you specify. If you pay off your loan via ACH, we will hold your crypto back 3 weeks to ensure the payment is processed. If you pay your balance using a wire transfer, you will receive your crypto collateral back within 3 days.