3 Best Bitcoin Loan Sites: How To Get Bitcoin Loan (2023)

Here is a list of the updated sites to get Instant Bitcoin loans:

Bitcoin Loan PlatformsInstant Loan Links
1. BinanceGet Loan Now
2. BitbondGet Loan Now
3. NexoGet Loan Now
4. BTCPOPGet Loan Now

It takes a couple of hours to fly thousands of miles, a click of a button to send a piece of information, and the opening of an app to see the faces of your loved ones in real time.

How fast and furious the 21st century has become with the advent of some exhilarating inventions!

But still, there are areas of daily life that continue to exist at sloth-like speeds- things like taking out a loan from a bank…

Taking loans from a bank is a cumbersome and tiring process for borrowers. In this modern (and otherwise fast) world, it typically takes 45-60 days under ideal conditions for a loan to reach the borrower’s account.

That’s IF you’re approved for a loan- getting approved includes having a good credit rating, a necessary history of bank statements, identity verification, collateral, etc.

All of these things take a lot of time.

There are also lenders in this picture, who need returns on their investments and deposits. But, in this scenario of economic upheaval where interest rates are too low or even negative, good returns are pretty hard to come by.


From now on, borrowers will get loans funded in 2 hours to 7 days.


Lenders will get good returns.

Isn’t that incredible!?!?!

How Does Bitcoin Loan Work?

Bitcoin has revolutionized the capital lending markets which have stayed stagnant for decades.

Bitcoin has made everyone their own individual banks for lending and borrowing.

Let me explain…

With Bitcoin, you can borrow and lend almost instantaneously without unnecessary friction from banks and government regulations.

You can crowdsource your loans from lenders around the world powered by a Bitcoin economy by choosing an interest rate which you can actually afford.

There is no processing fee charged to the borrower or lender for this.

Through this system, lenders get profitable interest rates and borrowers can borrow cheap loans. It happens in a hassle-free manner through peer-to-peer lending which leverages Bitcoin technology to make everything fast and cheap.

This would not be possible in conventional banking which is slow and expensive.


How Can You Get A Bitcoin Loan?

Typically all P2P lending platforms follow the below process:

Step 1- Register on Binance. and complete the verification process.

Click on Earn > Crypto loans

On this platform, you can take secured loan against BTC or ETH.

You can define the loan term, and the page will also show you the LTV, Margin call, daily interest rate, and total interest amount based on your tenure.

You can borrow two stable coin on Binance at this moment:

  • USDT
  • BUSD

Click on “Start borrowing now” and within seconds you will be able to use your loan amount for your trading or other usage.

Similarly, most of the other Bitcoin loan platforms work in the same fashion. Different platforms will offer different arrangements (highlighted below).

Go through their verification process:

  1. Identity Verification (any government-issued ID)
  2. Income Verification
  3. PayPal Verification
  4. Social Media Verification 
  5. Personal References
  6. Seller Account Verification (eBay, Amazon)

Step 2- Choose the right type of loan based on lending rates decided by the platform or as agreed with the lender directly.

Step 3- Get approval in as little as a few hours and receive your funds (from anywhere in the world)!

Best markets for Bitcoin lending and borrowing:

1. Bitbond

This is another peer-to-peer lending platform that uses cryptocurrencies.

It is based out of Germany for small-medium enterprises (SMEs) and entrepreneurs. Registered, approved, and regulated by the German government, it advocates borrowing and lending across borders.


2. Nexo

Nexo offers instant crypto credit lines with no credit checks. You can instantly deposit supported crypto fund and take a loan against it. Due to high volatility, they have different LTV (Loan to value) ratio. At the time of updating this guide, this is the LTV ratio for different coins:

  • Stablecoins = ~90%
  • BTC/ETH = ~50%
  • XRP = ~40%
  • LTC = ~35%
  • BNB = ~30%
  • XLM = ~17%
  • NEXO = ~15%

That means, if you deposit BTC worth $1000 in today’s rate, you can instantly get a loan of $500 (50%). You can withdraw these funds directly to your bank account or you can take the loan in the form of Stable coins. The custodial assets are insured for $100M and more than 200,000 users are part of the Nexo ecosystem.

Nexo also has a dividend-paying asset-backed security token with utility features called Nexo. If you are using Nexo, getting Nexo for your loan re-payment helps you save a significant amount of money.  Also, if you hold your coins on Nexo (They also have a mobile app with zero withdrawal fees), you earn interest on it.

You can get Nexo token from

If you use Nexo token as collateral or repay the loan in Nexo token, users get a 50% discount.


This is the world’s first P2P (peer-to-peer) bank based out of the U.K.

They sanction loans almost instantly for entrepreneurs and small businesses around the world by using the Bitcoin payment network. They store their customer’s coins in offline storage known as cold wallets.

They offer 5% to account holders just for saving bitcoins in their accounts, simultaneously merging contemporary banking with the modern P2P banking ideology.


Conclusion: Best Bitcoin Lending Sites (Bitcoin P2P Loans)

At the time of writing this post, the above-mentioned players are involved in Bitcoin lending and borrowing

So you may be thinking… where is the opportunity for me as a Bitcoin investor or as a Bitcoin borrower?

In upcoming articles, I will talk in detail about each of these platforms, and how you as a Bitcoin holder can invest in such P2P loans to earn a profit.

So stay tuned to CoinSutra.

If you like this post, do share it with your friends on Facebook & Twitter!

For further reading:

4 thoughts on “3 Best Bitcoin Loan Sites: How To Get Bitcoin Loan (2023)”

  1. Investreg

    Warning, BTCjam is closing. So, I invest only on Bitbond and BTCPop and publish the performance every month. Search for investreg blogspot to see the monthly reports.

  2. Lennart

    Can you trust Btcpop?
    Because you need to give your private key which is pretty dangerous?
    Did you use it before?

  3. vdccoin

    ICO for blockchain-based Healthcare platform is seeking to solve the problems being experienced in the healthcare industry by utilizing Blockchain’s powerful feature.

  4. Sean

    Kiva only accepts money through PayPal at this time. If they accepted bitcoin previously, I’m disappointed that they no longer do.

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