crypto.loans

Coinbase BTCloan: rates, LTV & how to borrow

Can I borrow against BTC on Coinbase?
Yes — you can borrow against Bitcoin (BTC) on Coinbase at 4–12% APR with up to 86% LTV, on a hybrid (on-chain) basis with KYC.
Borrow on Coinbase

Coinbase accepts Bitcoin (BTC) as loan collateral. Bitcoin is the largest cryptocurrency by market cap and the most widely accepted collateral for crypto-backed loans. On Coinbase you can borrow USDC against your BTC at 4–12% APR, up to a maximum loan-to-value of 86%, on a hybrid (on-chain) basis.

To borrow against BTC on Coinbase you open an account, complete identity verification, deposit your BTC as collateral, and draw a loan. Coinbase uses a hybrid (on-chain) model, so consider how it secures collateral before committing a large BTC position.

Bitcoin's price volatility is the main driver of liquidation risk on a Coinbase loan, which is why the 86% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when BTC falls — keeps your position out of the liquidation zone. Coinbase sources its rates on a verified, manually-tracked basis.

How to borrow against BTC on Coinbase

  1. 1Create a Coinbase account and complete identity verification (KYC).
  2. 2Deposit your Bitcoin (BTC) as collateral.
  3. 3Choose your loan amount up to 86% LTV and receive USDC.
  4. 4Repay under Coinbase's terms to reclaim your BTC. Add collateral or repay early if BTC falls toward the liquidation level.

How Coinbase compares for BTC

13 platforms in our index accept BTC as collateral. On borrow rate, Coinbase ranks 4th of 13, behind Crypto.com's 1–8%. The table below puts Coinbase next to its closest BTC alternatives so you can weigh rate against custody and LTV.

Crypto.comCeFi
Borrow APR
1–8%
Max LTV
50%
KYC
Required
Custody
In-house
Apply
NexoCeFi
Borrow APR
1.9–18.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply
AaveDeFi
Borrow APR
4–8%
Max LTV
80%
KYC
No KYC
Custody
Self-custody
Apply
CoinbaseCeFi
Borrow APR
4–12%
Max LTV
86%
KYC
Required
Custody
Hybrid (on-chain)
Apply

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Frequently asked questions

Can I borrow against BTC on Coinbase?
Yes. Coinbase accepts Bitcoin (BTC) as collateral, letting you borrow USDC against it at 4–12% APR, up to 86% loan-to-value.
What is the interest rate for a Coinbase BTC loan?
Coinbase's borrow APR is 4–12%. Confirm the current rate on the platform before borrowing, as terms can change.
Does borrowing against BTC on Coinbase require KYC?
Yes. Coinbase requires identity verification to borrow against BTC.
What happens if my BTC collateral drops in value?
If your BTC falls far enough that your loan-to-value crosses Coinbase's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 86% maximum LTV to reduce that risk.

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