Crypto-Backed Loans:
Get cash fast using crypto as collateral
Take advantage of the lowest rates in the industry* and segregated collateral vaults, protected with decentralized MPC.
*Lowest APR for 12-month term loans at 50% LTV, compared with traditional finance lenders. See comparison chart for more details.
Featured in
Figure Lending has originated $9B+ in funded loans,
including crypto loans
Get same-day approval with no credit score needed and flexible payment options. You can also choose to repay your loan by selling your crypto collateral, giving you added flexibility if you prefer not to use cash.
Avoid full liquidation and sell only what may be needed to protect your loan
Defer interest payments with low fees
See your Bitcoin, Ethereum, and Solana in a decentralized, segregated wallet!
Access cash without selling and protect yourself with Liquidation Protection
Crypto: Yours to HODL
Cash: Yours to use
Our Crypto-Backed Loan platform — covering Bitcoin, Ethereum, and Solana loans — lets you borrow against your holdings instantly. Now with protection against liquidation and margin calls, you can get funding with added security.
- 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 low trading fees on Figure Markets.
Access funds
Keep your crypto
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, SOL |
| Interest rates | 8.91% (9.999% APR)2: Navigates to numbered disclaimer @ 50% | 10.9% @ 50% | 12.5% @ 50% |
| Liquidation protection | Figure's Liquidation Protection is optional and available for an additional fee. More information available here. | ||
| Origination fee | 1%2: Navigates to numbered disclaimer | 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/
Chart based on 3rd party review conducted in June 2025. Figure does not control content from 3rd party sites.
3 easy steps to secure a Crypto-Backed Loan
- 1
Create your account
Download the Figure Markets App and complete registration to easily return to your application.
- 2
Send collateral
Deposit your BTC, ETH, or SOL as collateral into your decentralized custody Figure Markets wallet — your LTV depends on your crypto’s value.
- 3
Get funded
Receive cash or crypto into your Figure Markets account.
Why Figure?
Trusted lender
Figure Lending has originated $9B+ in funded loans, including crypto-backed loans, and has never lost coin assets or paused crypto withdrawals.
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.
Decentralized custody
New loans are placed into a decentralized custody wallet. You can check in on your BTC, ETH, or SOL with the address we provide you so you can see it sitting there, knowing it’s safe from rehypothecation and segregated from other customers.
Highly impressed!! Easy and convenient
Extremely impressed with how easy and convenient it was to get a Bitcoin backed loan. Money was in the Figure account almost immediately. The only downside is how long it takes to transfer to a bank account but that's not their fault. Would highly recommend!
Written by customer— Greg M., 5.0 stars
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Wonderful customer service, easy to get answers
— Kara I., 5.0 stars
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They made the process extremely easy
— Hieu P., 5.0 stars
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First time experience, this a great platform
— Carlos M., 5.0 stars
Excellent
4,506 reviews on
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.
No. Figure does not automatically liquidate your full crypto collateral. If your loan needs to be adjusted to correct your LTV to below liquidation levels, only the portion of your crypto required for that adjustment may be sold. Any remaining collateral continues to stay in your wallet.
