Evidence based

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.

1 min read

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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.