5 Best Crypto Loans of October 2022
If you’re looking for a pain-free way to manage your crypto assets and finance purchases big and small, then you’ll want to check out these crypto-backed loan accounts.
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ALSO CONSIDER: Best stablecoin loans || Best crypto lending platforms
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Nexo
Bitcoin (BTC)
0.001% APR
Intro offer
Invite friends and earn up to $1,000, paid out in Bitcoin
Insurance
775,000,000 USD for theft, hacking, loss of keys and more
Worth noting
Earn 2% more when opting to earn interest in NEXO tokens
CoinLoan
XRP (XRP)
4.5% APR
Intro offer
No current offers
Insurance
$100M insurance included
Worth noting
Earn higher interest and pay lower fees when staking their CLT token
YouHodler
XRP (XRP)
13.68% APR
Ledn
Bitcoin (BTC)
7.9% APR
BlockFi
Bitcoin (BTC)
4.5% APR
FTX
Bitcoin (BTC)
2.26% APR
Where to begin?
So, which is the best crypto backed loan for you? It depends on how much collateral you want to put up and your desired interest rate. Currently, it's possible to borrow with interest rates as low as 0% with CoinRabbit. But all of the platforms we’ve reviewed offer a great way to get a loan without selling your crypto. Remember that as long as you pay back your loans on time, you can profit from both the appreciation of the collateral cryptocurrency and the loan itself.