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Best Bitcoin and Cryptocurrency Lending Platforms, Reviewed for 2021

bitcoin lending

Are you looking for a bitcoin loan or want to invest your coins to earn interest? In this bitcoin lending guide, you will discover the best bitcoin and cryptocurrency lending platforms you can use to borrow and lend digital currency in 2021.

What is Peer-to-Peer Lending?

Peer-to-peer (P2P) lending refers to borrowing funds from a range of private investors through the use of a so-called peer-to-peer lending platform. While this type of financing has existed for over a decade now, it has only recently also become available to cryptocurrency users who can now borrow bitcoin and other digital currencies in the form of a cryptocurrency peer-to-peer loan.

This enables borderless borrowing for businesses as well as the opportunity for crypto investors to earn interest on their coins by investing them in peer-to-peer loans.

Top 5 Best Bitcoin Lending Platforms


bitcoin loanBitbond is an international peer-to-peer lending platform for small enterprise loans. Founded in 2013, Bitbond was one of the first cryptocurrency lending platforms in the space, dedicated to helping small business owners to get access to affordable financing.

Bitbond utilises the blockchain to connect creditworthy borrowers with retail and institutional investors. The platform offers financing with requirements being you have to sign up and fill an online application.

Bitbond has a minimum of nine percent interest rate on loans. Investors, on the other hand, can expect an average return of ten percent per annum. However, you will be charged an origination fee of up to three percent for a loan application.

The site allows businesses that have been active for at least one year to enjoy low-interest rates. Furthermore, you can link your business accounts to the platform and improve your creditworthiness. It is important to note that Bitbond does not require you to have a credit score but instead have their own in-house credit rating system.

Late repayments will incur an additional 0.01 interest rate. You can engage any of the dedicated account managers to find a suitable loan package and repayment plan. Also, you can borrow up to $25,000 on the site and there is no limit to what you can invest.

The main features include:

  • Instant financing for consistent users
  • No credit score required
  • Available globally
  • Capable of borrowing large amounts
  • Zero registration fees
  • Dedicated customer support
  • High return for investors

BEST FOR: bitcoin loans for small business.


btcpop bitcoin borrowingBTCPOP provides bitcoin peer-to-peer banking experience with instant loans, collateral backed loans, investment pools and more. BTCPOP is reputed to be one of the leading P2P lending platforms in terms of loan volumes and uses a reputational scoring system instead of a credit score.

BTCPOP offers instant loans with an APR of as low as 15 percent. Alternatively, you can borrow using custom loans which offer anything from 0.01 BTC to 500 BTC. In addition, you get the option to set your own APR limit enabling you to pay back an amount that is comfortable.

Besides matching lenders and borrowers, the site has a chat system where you can discuss lending risk or any other subject. The service verifies the borrower’s identity and income to minimise investors risk as well as guarantee the principal for certain loans.

Interestingly, the platform allows you to start an initial public offering (IPO) to fund your business. However, BTCPOP will have to approve the IPO first before it can be listed for other users to invest in your venture. Also, you can trade bitcoin and altcoins on the BTCPOP exchange.

In summary, the main features include:

  • Reputational lending system
  • Instant loans
  • Side chat bar for lenders and borrowers
  • IPO funding feature
  • Crypto exchange services
  • Secure and reliable

BEST FOR: quick bitcoin loans. 


ethlendETHLend is a decentralised lending platform that connects borrowers and lenders and offers digital asset-backed loans. The lending service allows you to use ether (ETH) as collateral for a loan.

Lenders and borrowers on the platform are connected securely via smart contracts without the need for intermediaries. In addition, the digital assets being used as collateral for credit are stored on the public Ethereum blockchain. Consequently, network security is enhanced through the use of a non-custodian depository smart contract.

Also using a public blockchain ensures the marketplace is transparent and auditable since all transactions are broadcasted on the network. Borrowers can refill or withdraw the collateral in case of market movements.

Additionally, using the LEND token as a transactional currency on the platform gives you access to discounts on lending fees. The use of LEND tokens as collateral exempts the lender and borrower from 50 percent of the application fees. Also, by pledging LEND you can borrow up to 80 percent of the collateral value.

According to the site, the average MPR is 2.31 percent with over 170 active loans on the platform. There are plans to enable bitcoin lending and incorporate in-app BTC and ETH wallets.

In summary, the main features include:

  • Offers digital asset-backed loans
  • Use of smart contracts to connect participants
  • Transparent and auditable
  • Fee discounts when using LEND token
  • Low-interest rate

BEST FOR: ether loans.


Salt LendingSALT is a crypto lending platform that allows borrowers to draw from its liquidity pool using SALT tokens as collateral. SALT has a no-credit-check approach to borrowers making it the go-to platform for people looking for non-conventional financing.

Besides the SALT token, you can use digital assets such as bitcoin (BTC), ether (ETH), litecoin (LTC), USD, Dogecoin (DGE) as collateral for financing. The site offers competitive rates including an APR of as low as 5.99 percent and no origination fees. The minimum amount you can borrow is $5,000.

Using SALT tokens will not only cover your registration fees but also set your borrowing limit. For example, let us say you placed one SALT as collateral the maximum you can borrow is $10,000. Nevertheless, if you put up a 100 SALT as collateral you could borrow over $1,000,000.

SALT offers an extra layer of security for you by storing your digital assets in multisig wallets. Furthermore, loans are offered online through member lenders that have screened as accredited investors. Any digital assets held as collateral are promptly returned once the loan has been repaid.

At the time of writing this article, SALT is operating in up to 30 countries.

In summary, the main features include:

  • No background credit checks
  • Global network in close to 30 jurisdictions
  • Competitive interest rates of anywhere up to 15 percent
  • Supports a variety of digital assets
  • Digital asset-backed loans
  • Stringent security systems

BEST FOR: large multi-currency cryptocurrency loans.

Credible Friends

Credible FriendsCredible Friends is a trust-based bitcoin peer-to-peer lending app that allows you to spend bitcoin from your list of trusted friends. You can also extend lines of credit to your trusted friends using the app based on your risk assessment. They will receive funds in their Credible Friends account in form of BTC.

Borrowers are charged 25 percent APR interest monthly using the average daily balance method. A lender, on the other hand, is entitled to 60 percent of all fees and interest from a borrower. Payments have to be made once a month and if overdue you will incur overdue fees.

Also, you have the option to negotiate directly with a lender and payback your loan using other methods than BTC. The Credible Friends app can be downloaded in both Android and iOS devices.

You can invite your friends to Credible Friends app using social media or import them from your list of contacts.

In summary, the main features include:

  • Personalised risk assessment
  • Smartphone app compatible with Android and iOS
  • High returns for investors

BEST FOR: bitcoin micro-loans.

To learn more about Bitcoin, download the Bitcoin Beginner’s Handbook for free.

Bitcoin Beginner's Handbook