Lendbit is a crypto lending platform that allows users to borrow fiat currency by using their crypto assets as collateral.
Simply lock your crypto assets in our secure platform to receive a loan in fiat currency directly to your bank account.
Repay the loan with flexible repayment options, and once paid off, your collateral becomes available again.

We accept a wide range of cryptocurrencies as collateral, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Usdt Tether, and more.
Our platform is designed to provide flexibility, so you can use the crypto assets you're most comfortable with as collateral.

Yes, your collateral is safe with Lendbit. We employ industry-leading security measures to ensure the safety and integrity of your assets.
Our platform utilizes advanced encryption techniques and follows best practices in cybersecurity to protect your collateral at all times.

Loans from Lendbit can vary depending on various factors, including your country of residence and the amount of collateral provided.
However, we strive to provide a quick and seamless loan experience, with many users receiving funds within a business day of approval.

The Loan To Value (LTV) ratio is a key concept in the world of lending, including crypto-backed loans.
In the context of crypto-backed loans, the LTV ratio indicates the percentage of the loan amount relative to the value of the borrower's cryptocurrency assets used as collateral.

For example, if a borrower offers $10,000 worth of Bitcoin as collateral for a loan of $6,000, the LTV ratio would be 60%.

Volatile Assets:

Volatile assets are cryptocurrencies whose price can move upwards or downwards at any moment like Bitcoin, Ethereum, e.t.c.
Initial LTV is set to 60% when you select a volatile asset as collateral. That means your loan will be 60% of your collateral value.

For example, if a borrower wants a loan of $6,000 and they select Bitcoin as collateral, they'll be required to send $10,000 worth of Bitcoin

Stable Assets:

Stable assets are cryptocurrencies whose prices are pegged to the US Dollar like USDT, BUSD, USDC, e.t.c.
Initial LTV is set to 80% when you select a stable asset as collateral. That means your loan will be 80% of your collateral value.

For example, if a borrower wants a loan of $8,000 and they select USDT as collateral, they'll be required to send $10,000 worth of USDT

Loans incure daily interests as low as 0.114% which accumulates to 0.8% weekly.
Interest accrues once you get a loan and is calculated on an hourly basis.