Borrow cash using Bitcoin as collateral
Now you can borrow up to $1,000,0001 from Coinbase using your Bitcoin as collateral. Pay just 8.7% APR2 with no credit check.
We are no longer offering new loans.
Borrow customers will continue to maintain access to their loan history and dashboard.
Why borrow cash?
Have you ever needed cash for something urgent, like medical bills or car repairs? In the past, you might have sold Bitcoin to cover it and incurred a taxable gain or loss3. Now you don't have to.
Avoid selling your Bitcoin
Selling Bitcoin can result in a taxable gain or loss3. Borrow from Coinbase to get cash without selling your Bitcoin.
No fees or credit checks
There are no fees or credit checks involved, just a low APR of 8.7%2.
Flexible repayment schedule
Pay off the balance on your line of credit on a schedule that works for you. Additional terms apply4
Get Cash Quickly
Your borrowed cash can be instantly deposited to PayPal or transferred via ACH to your bank account.
How it works
Choose what to borrow
You can borrow as much as 40% of the value of the Bitcoin in your account, up to $1,000,0001.
Get your cash
Using your bank account or PayPal, get access to your borrowed cash quickly with no fees.
Make monthly payments
Each month you only need to pay the interest due ($10 min). Pay off the balance when you’re ready. Additional terms apply4.
Your Bitcoin stays safe
The Bitcoin you use as collateral remains safely held by Coinbase. It’s not lent out or used for any other purpose.
Bitcoin collateral-backed lines of credit are available to residents of AK, AR, AZ, CA, FL, GA, ID, IL, IN, MI, NC, NE, NH, NJ, OH, OR, TN, TX, UT, VA, WA, and WY.
1. Size and terms of the line of credit may vary based on the value of your BTC collateral and state of residence. Refer to our FAQ page for further information.
2. Annual Percentage Rate (APR) effective as of June 1st, 2022. APR is variable and based on the Overnight Bank Funding Rate, plus a margin. See FAQ for further information.
3. Taxation: Coinbase Credit does not provide tax advice. If you have questions, please consult your tax advisor.
4. Minimum payment per month $10. No Prepayment or Late Fees. This line of credit has a demand feature and is repayable within 2 years of opening. Eligibility criteria available here.
5. California Residents: Loans made or arranged pursuant to a California Financing Law license.
Coinbase Credit, Inc. NMLS ID#1895538