{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"crypto_backed_loans","evidenceReadAt":"2026-09-29","generatedAt":"2026-11-12","criteria":[{"id":"collateral_title_and_reuse","label":"If the lender fails, is it your bitcoin or theirs — and what may they do with it before then?","weight":34},{"id":"margin_call_and_forced_sale","label":"Who sets the price that liquidates you, how long do you really get, and can they sell without telling you?","weight":26},{"id":"computable_cost_before_you_apply","label":"Can you compute your total cost, at your tier, before you apply?","weight":22},{"id":"lender_of_record_and_lending_licence","label":"Which entity actually becomes your creditor, and does a register say it may lend?","weight":18}],"providers":{"ledn":{"collateral_title_and_reuse":{"s":5,"q":"full legal and beneficial ownership of the Collateral will transfer to Lender when Borrower transfers such Collateral to the Collateral Wallet | Borrower acknowledges that Lender’s custodial wallet at the Custodian is opened and maintained for and on behalf of Lender and not Borrower.","u":"https://public.ledn.io/legal-documents/en/usd-loan-agreement.md","d":"2026-09-29"},"margin_call_and_forced_sale":{"s":4,"q":"Target LTV | 50% | Margin Call LTV | {{marginCallLTV}} % | Liquidation LTV | {{liquidationLTV}} % | as determined by Lender in its sole discretion | Upon notice by Lender to Borrower, which may be by email or other electronic communication, that a Triggering Event has occurred, Borrower shall…","u":"https://public.ledn.io/legal-documents/en/usd-loan-agreement.md","d":"2026-09-29"},"computable_cost_before_you_apply":{"s":7,"q":"Standard Under $ 250,000 11.49% | Tier 4 $ 2,000,000 + 9.25% | 9.99% 2 million+ USD | Published APR currently ranges from 11.4 below $ 250,000 to 9.2 at $ 2,000,000 +.","u":"https://ledn.io/bitcoin-backed-loans","d":"2026-09-29"},"lender_of_record_and_lending_licence":{"s":5,"q":"and Borrower's sole and exclusive counterparty this Agreement, means: Ledn Cayman SEZC Inc., a Cayman Islands special economic zone company registered as a Virtual Asset Service Provider with the Cayman Islands Monetary Authority | If Borrower resides in the United States, please also see the Truth…","u":"https://public.ledn.io/legal-documents/en/usd-loan-agreement.md","d":"2026-09-29"}},"figure":{"collateral_title_and_reuse":{"s":5,"q":"Title to Digital Assets shall at all times remain with you and shall not transfer to Figure or to the operators of any MPC Nodes.","u":"https://www.figuremarkets.com/disclosures/terms-of-service/","d":"2026-09-29"},"margin_call_and_forced_sale":{"s":6,"q":"Ranges for loans with an initial 50% LTV: | LTV ≥ 80% → receive margin call and must cure to ≤ initial LTV within 48 hours* | LTV ≥ 90% → automatic liquidation | If you fail to cure within 48 hour period, collateral is liquidated to restore your LTV to its initial value.","u":"https://www.figure.com/faqs/crypto-backed-loans/","d":"2026-09-29"},"computable_cost_before_you_apply":{"s":5,"q":"12.62% APR (APR includes interest plus applicable fees such as the 1% origination fee). | Available interest rates for Figure's Crypto-Backed Loan are 8.91% (9.999% APR) at 50% LTV or 11.50% (12.62% APR) up to 75%.","u":"https://www.figure.com/crypto-backed-loan/","d":"2026-09-29"},"lender_of_record_and_lending_licence":{"s":7,"q":"To offer the Figure Personal Loan, Figure Lending LLC holds the following licenses: | Finance Lenders Law License 60DBO-81967 | Figure Lending LLC is licensed by the Michigan Department of Insurance and Financial Services under the Regulatory Loan Act.","u":"https://www.figure.com/licenses/","d":"2026-09-29"}},"milo":{"collateral_title_and_reuse":{"s":4,"q":"Last updated: March 31st, 2021 | If you apply for Services, you may be required to acknowledge and agree to be bound by additional terms and conditions that specifically apply to those Services.","u":"https://www.milo.io/terms-of-service/","d":"2026-09-29"},"margin_call_and_forced_sale":{"s":4,"q":"With BTC or ETH at a 2:1 collateral ratio (50 LTV), a margin call occurs if your collateral drops by about 25% from its original level. | When this happens, Milo will notify you immediately by email and through your dashboard.","u":"https://www.milo.io/faq/what-is-the-margin-call-process-like-for-a-crypto-loan/","d":"2026-09-29"},"computable_cost_before_you_apply":{"s":7,"q":"Interest rates 8.75% (10.75% APR) | $0 Monthly Payment Interest Rate 8.950% | $1,094 Monthly Payment Interest Rate 8.750% | Interest rates displayed above and are subject to change without notice and are only indicative. | Interest rates shown exclude a 2% origination fee. APR starts at 10.75%.","u":"https://www.milo.io/crypto-loan/","d":"2026-09-29"},"lender_of_record_and_lending_licence":{"s":5,"q":"Milo Credit, LLC is a direct lender and licensed under NMLS #1811449. Loans made or arranged pursuant to a California Finance Lenders Law License 60DBO-128284. Not available in all states.","u":"https://www.milo.io/crypto-loan/","d":"2026-09-29"}},"salt_lending":{"collateral_title_and_reuse":{"s":1,"q":"Any security interest, which attaches upon the transfer of the Loan by lender to borrower, shall be governed by the terms of the Loan Agreement, the Uniform Commercial Code (as applicable), and automatically terminate upon borrower’s repayment in full of its loan obligations.","u":"https://saltlending.com/terms-of-use/","d":"2026-09-29"},"margin_call_and_forced_sale":{"s":6,"q":"Warning: ≥ 75% LTV | Margin Call: ≥ 83.33% LTV | Margin Event: ≥ 90.91% LTV | These are not the same as your starting LTV. The closer you are to 90.91% LTV, the closer you are to forced liquidation.","u":"https://saltlending.com/understanding-ltv-margin-calls-bitcoin-backed-loans/","d":"2026-09-29"},"computable_cost_before_you_apply":{"s":5,"q":"30% LTV Conservative 7.49% APR 8.24% APR - fixed 3 yrs 8.49% APR - fixed 5 yrs | 7.49% to 10.50% APR **APR is inclusive of interest and origination fees, where applicable | 0% Origination Fee Prepayment Fees Custody Fees Withdrawal Fees | 3% Stabilization Fee (If Selected) | Loan is repayable at…","u":"https://saltlending.com/rates-and-fees/","d":"2026-09-29"},"lender_of_record_and_lending_licence":{"s":7,"q":"We offer lending services in many jurisdictions across the globe! North America United States Alabama Alaska Arizona Arkansas California Colorado Connecticut D.C.","u":"https://saltlending.com/map-list/","d":"2026-09-29"}},"nexo_loans":{"collateral_title_and_reuse":{"s":1,"q":"By moving Digital Assets to your Credit Wallet to be designated as Collateral, title to such Digital Assets transfers to Nexo and remains with Nexo for so long as such Digital Assets are designated as Collateral, irrespective of whether any Crypto Credit is outstanding at that time.","u":"https://platform.nexo.com/api/cross/account/ac/v1/tnc/content/platform/terms-of-service-mica?lang=en","d":"2026-09-29"},"margin_call_and_forced_sale":{"s":1,"q":"If the LTV increases above the maximum permitted threshold, as indicated on the Platform, Nexo shall liquidate the necessary amount of Collateral to rebalance your Crypto Credit.","u":"https://platform.nexo.com/api/cross/account/ac/v1/tnc/content/platform/terms-of-service-mica?lang=en","d":"2026-09-29"},"computable_cost_before_you_apply":{"s":3,"q":"Rates start at 1.9% per year. | Get Platinum tier on arrival — Nexo’s best yields and lowest borrowing rates for 30 days. | Rates are subject to change and may vary by region, loyalty tier, and other applicable factors. | \"interestRate\":0.029","u":"https://nexo.com/borrow","d":"2026-09-29"},"lender_of_record_and_lending_licence":{"s":2,"q":"and any holding company, subsidiary, or entity belonging to the Nexo group of companies | The Agreement and all Exhibits shall be governed by the substantive law of the Republic of Panama.","u":"https://platform.nexo.com/api/cross/account/ac/v1/tnc/content/platform/terms-of-service-mica?lang=en","d":"2026-09-29"}}}}