Borrow against your Bitcoin or Ethereum without selling. Choose a fixed-term loan for funds you need upfront, or a revolving line of credit to draw, repay and borrow again.
Compare the rates, repayment flexibility and borrowing patterns that determine which option fits you.
A fixed amount and a defined term, or a revolving facility that moves with your needs.
Borrowing at a glance | Fixed-term loan Funds upfront, at a fixed rate. | Line of Credit Draw, repay and borrow again. |
|---|---|---|
| Best suited to | Funds you need upfront and expect to use over a defined term | Staged expenses, recurring needs or flexible principal repayments |
| How you receive funds | Your loan amount is paid out upfront | Draw funds as needed within your available credit |
| Interest charged on | Your outstanding loan balance, reduced by principal repayments | Your outstanding drawn balance—not your unused credit |
| Annual interest rates | 11.49%Below $100,000 10.99%$100,000–$1 million 9.99%Above $1 million | 11.99%Below $100,000 11.49%$100,000–$1 million 10.49%Above $1 million |
| How your rate works | Set by your loan amount and fixed for the agreed term | Follows your outstanding balance as you draw and repay |
| Term | 1–5 years | Five years, revolving. All draws share the original maturity date |
| Early principal repayment | Repay in full or in part; an early repayment charge applies | Repay in full or in part without any fees |
| Borrowing again | Request additional funds through Borrow More, subject to approval | Redraw available credit after repayments settle, without a new loan application |
| Collateral | Bitcoin or Ethereum: one asset per loan | Bitcoin, Ethereum or both combined in one facility |
Loans and credit-line draws start at $10,000 CAD or USDC in Canada, and $25,000 USDC in th U.S.
Examples include an equipment purchase, a property-related expense or a defined business investment.
Get a loanExamples include working capital, recurring tax instalments and purchases spread throughout the year.
Get a line of creditCompare the loan’s early repayment charge with the Line of Credit’s higher annual rate. Knowing the amount you need does not, by itself, determine the cheaper option.
APX holds a security interest in your pledged crypto.
Your collateral is held in dedicated cold-storage wallets, remains verifiable on-chain and is never pooled with other borrowers’ assets or lent out.
Above 80% LTV, automated warnings are sent every six hours. At 90%, partial liquidation targets approximately 85% LTV, with no liquidation fee. Further price declines can trigger additional sales.
Identity verification, eligibility and collateral requirements apply to both products.
BitGo custody is covered by an insurance policy of up to $250 million in aggregate, subject to policy terms.
How we protect your cryptoIt depends on your borrowing pattern. A loan has the lower annual rate at each corresponding tier. A Line of Credit can cost less overall if you draw substantially less, borrow later or avoid an applicable loan early repayment charge.
Compare the expected balance over time and the repayment terms—not just the advertised starting rate.
For the APX Line of Credit, your outstanding balance determines your rate tier.
A $200,000 limit with $50,000 drawn falls in the below-$100,000 tier, currently 11.99% annually. Interest applies to the outstanding balance, not the unused $150,000.
Yes, through Borrow More, subject to approval and sufficient collateral. Additional funds use your existing loan’s rate and maturity date; each request is reviewed separately.
The Line of Credit provides a revolving facility, so subsequent draws do not require a new loan application. Every draw must still meet your approved limit and current collateral requirements.
Available credit changes with your collateral’s market value and your outstanding debt, including accrued interest. Falling crypto prices can reduce what you can draw.
Principal repayments can restore borrowing capacity once they settle. Paying your balance to zero does not automatically close the facility or restart its five-year term.
Still deciding? Tell us how much you need, when you need it and when you expect to repay. Our team can help you compare the options, including financing above $1 million.
Talk to our team