Bitcoin (BTC) Lending & Borrowing Rates
Bitcoin is the original cryptocurrency and the most widely used collateral asset in crypto lending. BTC-backed loans let holders access liquidity without selling their position.
Last updated: March 21, 2026Live via DeFi Llama
BTC Lending Rates (Earn Yield)
Bitcoin lending yields are typically low (under 1% APY on DeFi) because demand to borrow BTC is limited compared to stablecoins. CeFi platforms like Nexo and Ledn offer higher BTC lending rates by lending to institutional borrowers.
| Platform | Type | Lend APY | Risk | KYC | |
|---|---|---|---|---|---|
| Figure (Democratized Prime) | CeFi | 7.50% | 3/10 | Required | Visit Site |
| Nexo | CeFi | 5.00% | 4/10 | Required | Visit Site |
| CoinRabbit | CeFi | 4.00% | 5/10 | None | Visit Site |
| Ledn | CeFi | 3.00% | 3/10 | Required | Visit Site |
| Aave V3 | DeFi | 0.10% | 3/10 | None | Visit Site |
| Morpho | DeFi | 0.08% | 4/10 | None | Visit Site |
| Compound V3 | DeFi | 0.05% | 3/10 | None | Visit Site |
BTC Borrowing Rates
Borrowing against BTC is the most popular crypto lending use case. Most platforms support BTC as collateral with LTV ratios from 50% (conservative CeFi) to 73-86% (DeFi). DeFi protocols typically offer lower borrow rates than CeFi.
| Platform | Type | Borrow APR | Max LTV | Risk | |
|---|---|---|---|---|---|
| Spark | DeFi | 0.04% | — | 3/10 | Visit Site |
| Aave V3 | DeFi | 0.33% | 73% | 3/10 | Visit Site |
| Compound V3 | DeFi | 3.00% | 80% | 3/10 | Visit Site |
| Morpho | DeFi | 3.22% | 86% | 4/10 | Visit Site |
| Nexo | CeFi | 6.90% | 50% | 4/10 | Visit Site |
| CoinRabbit | CeFi | 12.00% | 80% | 5/10 | Visit Site |
| Ledn | CeFi | 12.40% | 50% | 3/10 | Visit Site |
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Disclaimer: Rates shown are approximate and change frequently. DeFi protocol rates are variable. CeFi rates may differ by account tier. Always verify current rates on the platform. Crypto lending involves significant risk. Some links may be affiliate links — see our affiliate disclosure.
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