A crypto line of credit backed by your Bitcoin or Ethereum

A crypto-backed line of credit is a revolving credit facility secured by your cryptocurrency. With APX, you can use Bitcoin or Ethereum as collateral, get approved for a borrowing limit, and draw, repay, and redraw during the five-year facility term without selling your crypto.

A fixed-term crypto-backed loan is generally a single draw with a defined loan term. The APX Line of Credit is revolving. You get approved once, draw only what you need, repay principal on your schedule, and use that available credit again without submitting a new application each time.

APX currently accepts Bitcoin (BTC) and Ethereum (ETH) as collateral for its Line of Credit.

You can generally borrow up to 60% of the current value of your eligible collateral, or a lower amount depending on your appropriateness review. Your available credit changes with your outstanding balance, approved borrowing limit, and current collateral value.

1. Over $1,000,000: 10.49%
2. $100,000 to $1,000,000: 11.49%
3. Below $100,000: 11.99%

You pay interest only on the amount you have actually drawn, not on your full approved credit limit.

Once your facility is approved and collateralized, you can request additional draws up to your available credit, provided the resulting LTV remains within your approved limit.

1. Canada: Each minimum draw is $10,000 CAD/USDC.
2. U.S.: Each minimum draw is $25,000 USDC.

1. USDC loans: Funded in minutes once collateral is received.
2. CAD loans: Typically funded within 24 hours by bank wire.

Interest accrues daily based on your end-of-day outstanding balance and is billed monthly. You have five days from the billing date to pay the amount due. After the five-day grace period, any unpaid billed interest is added to your outstanding balance.

Yes. You can repay principal at any time with no early-prepayment fee. Once the repayment settles, that amount becomes available to draw again, subject to your approved limit and current collateral value.

CAD repayments made by PAD are subject to a five-day processing period before the credit becomes available again. USDC repayments have no processing delay.

For standard retail and private-client facilities, APX charges no origination fee, no early-prepayment fee, and no unused-line fee. You pay interest only on the balance you actually have outstanding.

If your LTV rises above 80%, APX sends automated warnings every six hours while it remains above that level. There is no mandatory margin call.

If your LTV reaches 90%, the APX 90/85 Standard sells only enough collateral to bring your LTV back to approximately 85%. We do not liquidate your entire position, and there is no liquidation fee.

Your LTV is calculated in real time and includes accrued interest, whether it has already been billed or not.

Your Bitcoin or Ethereum is held in dedicated BitGo Trust cold-storage custody. Collateral is not pooled or rehypothecated, and you can verify your dedicated wallet on-chain 24/7.

No. Your crypto is the collateral for your line of credit, so APX does not run a traditional credit check.

Yes. In Canada, APX serves eligible individual and business borrowers. Businesses can use a crypto-backed line of credit for working capital, treasury needs, purchases, tax obligations, and other liquidity requirements without selling their Bitcoin or Ethereum. In the U.S., APX lending is available to eligible business borrowers only.

In most cases, borrowing against your crypto is not a taxable event, because you aren’t selling your assets. That said, we always recommend consulting a tax advisor for guidance specific to your situation.

We don’t charge origination, admin, or hidden fees. The only cost is your line of credit interest.

Loan-to-value (LTV) measures your outstanding balance as a percentage of the current market value of your crypto collateral. With the APX Lending Bitcoin-backed Line of Credit, you can draw up to 60% of the value of your collateral.