Bitcoin and Ethereum loans
Borrow against your Bitcoin or Ethereum without selling. Get CAD or USDC with a fixed interest rate and a term of 1 to 5 years.
No surprises in the details
A fixed rate for your full term.
Clear costs before you commit.
From application to repayment
Choose your loan amount, currency and term. Verify your identity and review your rate, origination LTV and loan agreement.
Send your BTC or ETH loan collateral. Your collateral is held in segregated BitGo cold storage, and you keep legal ownership.
CAD wire, the same business day if collateral received before noon;
USDC <1hr after receipt of collateral;
Custody and ownership
You can verify your collateral on-chain 24/7
Your collateral is held in dedicated, segregated BitGo Trust cold-storage wallets.
It is never pooled with other borrowers’ collateral, rehypothecated or used to earn yield.
APX holds a security interest in the collateral; your crypto remains your asset and is not recorded as an asset on APX’s balance sheet.
BitGo custody is covered by an insurance policy of up to $250M in aggregate, subject to policy terms and conditions.
APX is a regulated crypto-backed lender, CSA-approved and registered with FINTRAC in Canada and FinCEN in the U.S. Our systems are SOC 2 Type 2 audited.
LTV and liquidation
Your loan-to-value ratio, or LTV, compares what you owe with the value of your collateral. If Bitcoin or Ethereum falls in value, your LTV rises. A lower starting LTV gives you more room before reaching the liquidation threshold.
20-60
% LTVYour originating LTV is confirmed during your application review. A lower LTV at origination gives you more room if crypto prices fall.
80
% LTVWe send automated warnings every six hours. You can repay part of your loan to lower your LTV.
90->85
% LTVThe 90/85 Standard triggers a partial sale of collateral, to reduce your LTV to 85%. Proceeds reduce your loan balance, and APX charges no liquidation fee.
Put your holdings to work
Access funds for a down payment or closing costs while keeping your BTC or ETH holdings. Any mortgage lender must accept the source of funds.
Meet a tax deadline without selling crypto to raise the funds.
Combine higher-interest debts into one loan. Compare the total borrowing cost and collateral risk before switching.
Cover a defined period of expenses while keeping your long-term crypto position.
Fund equipment, inventory or payroll for a business that holds Bitcoin or Ethereum.
FAQ
APX charges no origination, admin or liquidation fees. You pay interest on your loan. Early repayment is charged a fee of 3 months’ interest.
Yes. You can repay in full or in part at any time. Partial repayments reduce your outstanding principal and, all else equal, your LTV and future interest. Early repayment is charged a fee of 3 months’ interest.
Pledging your crypto as collateral is different from selling it, and APX’s loan structure lets you retain legal ownership. Tax treatment depends on your circumstances and jurisdiction. Selling collateral, including through liquidation, can have tax consequences. Ask your tax advisor how the loan applies to you.
Yes. APX lends to eligible individuals and businesses in Canada, and eligible businesses in the U.S. Businesses can use loan proceeds for working capital, equipment, treasury needs or tax payments.
You can borrow up to 60% of your collateral’s market value, subject to your application review. For example, $100,000 of eligible collateral could support a loan of up to $60,000 in the same currency. Loans start at $10,000 CAD or USDC in Canada and $25,000 USDC for U.S. businesses.
A price decline increases your LTV. Above 80%, we send automated warnings every six hours. At 90%, the 90/85 Standard triggers a partial sale of collateral to target approximately 85% LTV, with no liquidation fee. Execution depends on market conditions, and further declines can trigger additional sales. You can repay part of your loan to lower your LTV.
No. Your Bitcoin or Ethereum secures the loan, so APX does not run a credit check. Identity verification and an eligibility review are still required.
Fixed annual interest is 11.49% for loans under $100,000, 10.99% for loans from $100,000 to $1,000,000, and 9.99% for loans over $1,000,000. Choose a term of 1, 2, 3, 4 or 5 years. Your rate is fixed for the full term.
After your application is approved and your collateral is received, USDC is typically funded within minutes. CAD wires are typically sent the same or next business day, subject to bank cutoffs, weekends and holidays. Bank processing can affect when funds arrive.
Your BTC or ETH is held in segregated BitGo Trust cold-storage wallets and can be verified on-chain. BitGo custody is covered by an aggregate insurance policy of up to $250M, subject to policy terms. Coverage is not per borrower and does not protect against price declines. APX never lends out your collateral.
Yes. APX is a regulated crypto-backed lender, CSA-approved and registered with FINTRAC in Canada and FinCEN in the U.S. Our systems are also SOC 2 Type 2 attested.
A crypto-backed loan lets you borrow funds using cryptocurrency as collateral. With APX, you pledge Bitcoin or Ethereum and receive CAD or USDC at a fixed interest rate for a defined term. When your loan is fully repaid, your remaining collateral is returned.