crypto.loans

Coinbase ETHloan: rates, LTV & how to borrow

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

Coinbase accepts Ethereum (ETH) as loan collateral. Ethereum is the second-largest cryptocurrency and powers most DeFi lending protocols. Widely accepted as collateral across both CeFi and DeFi platforms. On Coinbase you can borrow USDC against your ETH at 4–12% APR, up to a maximum loan-to-value of 86%, on a hybrid (on-chain) basis.

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

Ethereum'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 ETH falls — keeps your position out of the liquidation zone. Coinbase sources its rates on a verified, manually-tracked basis.

How to borrow against ETH on Coinbase

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

How Coinbase compares for ETH

14 platforms in our index accept ETH as collateral. On borrow rate, Coinbase ranks 6th of 14, behind Alchemix's 0%. The table below puts Coinbase next to its closest ETH alternatives so you can weigh rate against custody and LTV.

AlchemixDeFi
Borrow APR
0%
Max LTV
90%
KYC
No KYC
Custody
Self-custody
Apply
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
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 ETH on Coinbase?
Yes. Coinbase accepts Ethereum (ETH) 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 ETH loan?
Coinbase's borrow APR is 4–12%. Confirm the current rate on the platform before borrowing, as terms can change.
Does borrowing against ETH on Coinbase require KYC?
Yes. Coinbase requires identity verification to borrow against ETH.
What happens if my ETH collateral drops in value?
If your ETH 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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