10 Best Crypto Lending Platforms (USA Guide 2026)
Crypto lending platforms let you increase liquidity without selling your assets, making them a popular option for investors. Our guide covers the best crypto loan providers for US investors to compare in 2026.
Best crypto lending platforms
Looking for the best Bitcoin and crypto lending platforms? With so many types of crypto loans and crypto loan providers out there, the right choice depends on your needs and the provider’s track record. We’ve highlighted 10 reputable contenders, each suited to different borrowing styles and risk profiles, all available for American investors.
| Platform | APR | LTV | Supported assets |
|---|---|---|---|
| ⭐Coinbase | Dynamic depending on Morpho pool | Variable; automated liquidation at 86% | BTC & USDC |
| Aave | Variable on asset; average 7.73% annually | Variable on asset; overcollateralized | ETH, wETH, wBTC, stETH & more |
| Compound | Variable on asset; average 3.21% | Variable on asset; overcollateralized | ETH, LINK, wstETH, COMP & more |
| Unchained Capital | Variable; from 14% | Variable; minimum 50% | BTC & fiat only |
| Ledn | 11.49% APR | Variable; minimum 80% LTV | BTC & USD |
| Arch Lending | From 8.49% APR | Variable; between 45% to 60% | BTC, ETH & SOL |
| Salt Lending | Variable on loan term; between 9.95% to 14.45% | Between 30% to 70% | BTC, ETH, USDT, USDC, SALT & fiat |
| CoinRabbit | Variable on loan term; starting from 11.95% | Between 50% to 90% | 330+ supported assets |
| Alchemix | Variable; self-repaying loan | Variable; maximum 50% | ETH, DAI, USDT & more |
| Nexo | Variable; from 1.9% | Variable on asset; minimum 50% | Fiat, USDT, USDC, BTC, ETH & more |
Coinbase
Global heavyweight Coinbase is known as one of the best crypto lending platforms worldwide, as well as being a top choice as a crypto exchange. Coinbase lets users borrow USDC against Bitcoin at competitive rates as low as 4%, providing short-term liquidity without selling, with approval in seconds without any additional KYC or credit checks. Loans are available up to a maximum of $1 million USDC, and investors can conveniently manage their loans via the Coinbase app and repay at any time.
Coinbase at a glance...
Key features
🇺🇸 Available everywhere except NY state
🪙 Supported crypto: BTC & USDC
⏰ Fixed terms: Dynamic (Morpho pool)
🏦 Interest rate: Variable; as low as 4%
🌱 APR: Pool-dependent
📐 LTV: Liquidation at 86%
Aave
Aave is a leading DeFi lending protocol known for its uncollateralized flash loans alongside overcollateralized crypto borrowing. Due to Aave's high LTV rates, you’ll find very low interest rates in return. Aave offers an APY that is variable on pool, up to 13%.
Aave at a glance...
Key features
🇺🇸 Available nationwide through non-custodial wallets
🪙 Supported crypto: ETH, wETH, wBTC & more
⏰ Fixed terms: Flexible, protocol-based
🏦 Interest rate: Variable by asset
🌱 APR: Average of 6.5% annually
📐 LTV: Overcollateralized, asset-dependent
Compound
Compound Finance is one of the first DeFi lending protocols and helped shape the decentralized crypto lending market. It remains a popular choice for investors seeking DeFi loans with automated calculations and COMP token rewards. Compound offers a low APR thanks to over-collateralization and offers an average APY of 2.56%.
Compound Finance at a glance...
Key features
🇺🇸 Available nationwide through non-custodial wallets
🪙 Supported crypto: ETH, LINK, COMP & more
⏰ Fixed terms: Flexible, automated by protocol
🏦 Interest rate: Variable by asset
🌱 APR: Averages around 4.7%
📐 LTV: Overcollateralized, asset-dependent
Unchained Capital
US crypto loan provider, Unchained Capital, specializes in Bitcoin-backed loans, alongside secure custody and retirement account services for Bitcoin investors. Loans feature fixed repayment schedules, no rehypothecation of client assets, and high borrowing limits for eligible users. Unchained Capital offers loans up to $1,000,000.
Unchained Capital at a glance...
Key features
🇺🇸 Available across the US (excluding ID, MA, NM, ND, SD, VT)
🪙 Supported crypto: BTC & fiat only
⏰ Fixed terms: 6 or 12 months
🏦 Interest rate: From 14%
🌱 APR: Variable
📐 LTV: Minimum 50% collateral
Ledn
Ledn is a Bitcoin-only crypto lending platform, offering simple BTC-backed loans with fast funding and transparent risk controls. 12-month loans are available from 11.49% APR. Loans start at 50% LTV, are typically funded within 24 hours, and can be repaid anytime with no monthly payments. Collateral can be managed under Standard (rehypothecation allowed) or Custodied (ring-fenced, no lending) options.
Ledn at a glance...
Key features
🇺🇸 Nationwide, with some state limitations
🪙 Supported crypto: BTC & USD
⏰ Fixed terms: 12 months
🏦 Interest rate: 10.4% + 2% admin fee
🌱 APR: 12.4%
📐 LTV: From 50%
Arch Lending
Arch Lending is a crypto lending platform that supports BTC, ETH, and SOL with fixed terms up to 24 months, no credit check, and collateral held with qualified custodians (no rehypothecation). Rates currently start from 8.49% APR with a minimum loan of $1,000, and LTVs vary depending on the asset.
Arch Lending at a glance...
Key features
🇺🇸 Available excluding AL, CA, DE, HI, MN, MS, MT, NV, ND, RI, SC, SD, TX, VT, VA, WA
🪙 Supported crypto: BTC, ETH, SOL
⏰ Fixed terms: Up to 24 months
🏦 Fees: 1.5% origination fee, 2% partial liquidation fee
🌱 APR: From 8.49%
📐 LTV: BTC 60%, ETH 55%, SOL 45%
Salt Lending
Salt Lending is a long-running crypto lending company, offering both personal and business loans with flexible terms. Despite past setbacks tied to FTX, the platform has recapitalized and continues to provide high-value loans, crypto rewards, and options for large-scale borrowers.
Salt Lending at a glance...
Key features
🇺🇸 Available across 20+ states
🪙 Supported crypto: BTC, ETH, USDT, SALT & fiat
⏰ Fixed terms: 12–60 months
🏦 Interest rate: 9.95%–14.45%
🌱 APR: From 0.95%
📐 LTV: 30%–70%
CoinRabbit
CoinRabbit is a crypto loan provider focused on speed and simplicity, offering crypto-backed loans with no KYC or credit checks. It supports a wide range of collateral assets and stablecoin borrowing, with flexible terms and low entry requirements. CoinRabbit offers a variable APY depending on the asset, up to a maximum of 5%.
CoinRabbit at a glance...
Key features
🇺🇸 Available nationwide
🪙 Supported crypto: USDT, USDC, BUSD, BTC, ETH, DOGE, DGB
⏰ Fixed terms: Flexible, starting from $100
🏦 Interest rate: From 11.95%
🌱 APR: Variable by term
📐 LTV: 50%–90%
Alchemix
Alchemix is a DeFi lending platform that pioneered self-repaying loans, using yield-generating smart contracts to automatically pay down debt over time. Borrowers can deposit popular assets as collateral, avoid liquidations, and repay early without penalties.
Alchemix at a glance...
Key features
🇺🇸 Available nationwide through non-custodial wallets
🪙 Supported crypto: ETH, DAI, USDT & more
⏰ Fixed terms: Flexible, self-repaying
🏦 Interest rate: Variable, yield-based
🌱 APR: Automated repayment
📐 LTV: Up to 50%
Nexo
Nexo is a crypto lending platform with global reach, offering a variable APY, offering instant funding, no credit checks, and flexible borrowing limits. Members can access competitive rates, with perks like 1.9% APR for top loyalty tiers and support for both fiat and crypto-backed loans. The lending platform had previously withdrawn from the US market due to a lack of regulatory clarity, but has since returned as of 2026!
Nexo at a glance...
Key features
🇺🇸 Now relaunched in the US
🪙 Supported crypto: Fiat, BTC, USDT & more
⏰ Fixed terms: Flexible, instant approval
🏦 Interest rate: Variable
🌱 APR: 0% VIP members or 1.9%–18.9%
📐 LTV: From 50%, asset-dependent
How this list was built
We reviewed 10 leading crypto loan platforms to show how each fits different user needs, from the widest coin range and lowest APR to Bitcoin-backed and self-repaying loans, as well as state limitations on product availability. The platforms are not ranked from best to worst as each offers unique strengths, but for easier navigation, we’ve listed them by traffic volume as a proxy for popularity. All are reputable providers, but as with any investment, always DYOR before investing.
How to choose the best crypto lending platform
When comparing crypto lending platforms, focus on the essentials: interest rates, LTV ratios, supported coins, security standards, any state restrictions, and especially regulatory compliance.
Beyond platform websites, check third-party sources like Reddit, Trustpilot, and community forums to gauge real user experiences. The best platform is the one that fits your lending strategy while staying safe and compliant.
CeFi vs DeFi crypto loan platforms
Centralized crypto lenders (CeFi) manage custody and handle compliance, but add counterparty risk. Decentralized cryptocurrency lending platforms like Aave or Compound run on smart contracts, offering transparency and global access, but with liquidity risks.
Crypto lending vs. borrowing: What’s the difference?
Crypto lending is providing your coins for others to borrow in exchange for interest.
Crypto borrowing is taking out a loan by posting collateral. Both exist in CeFi and DeFi models, giving investors multiple ways to earn or access liquidity, depending on their investment strategy.
Risks and things to consider before using a crypto lending platform
Before using loans for crypto, weigh the risks, even when using reputable lending platforms:
Collateral liquidation if prices crash
Hacks or platform insolvency
Regulatory changes, especially at the state level
Higher costs and exposure from no-collateral loans
The IRS has unclear guidance on the tax implications of crypto lending; you may need advice from an experienced crypto accountant to navigate your tax liability
Simplify crypto lending tax with Koinly...
Koinly makes crypto tax easier by syncing with your crypto loan platforms. Simply connect the exchange or wallet you're using via API or upload a CSV file, and Koinly automatically calculates your gains, losses, income, and expenses. Once it has your transaction data, Koinly identifies taxable events and generates your free tax summary preview. When the tax deadline rolls around, simply upgrade to a paid plan to download your IRS crypto tax reports to help you file.
FAQs
What is a crypto lending platform?
A crypto lending platform lets you borrow funds by using your crypto as collateral, or earn interest by lending your assets to others.
What happened to Celsius and BlockFi?
After the collapse of platforms like Celsius and BlockFi in 2022, it's never been more important to consider the liquidity and security of your crypto lending platform when you compare crypto loans. Following the crashes, Celsius and BlockFi investors were left unable to close their positions or access their collateral. Lenders similarly lost access to their assets, with millions of dollars tied up.
Which crypto lending platforms are available in the USA?
All of the entries in our crypto lending platforms list are available in the USA, although there may be some restrictions for specific platforms at a state level.
