The FAQ page answers the basics in a sentence or two each — enough to get the idea, not always enough to actually decide. If you’re weighing whether a crypto-backed loan makes sense for you, the short version usually raises a follow-up question. Here’s the longer version, covering the parts people actually ask about once they start looking closely.

How is the interest rate actually set?

The standard rate is 0.1% per day, calculated on the loan principal. On a 12-week loan — the default term shown in the calculator — that works out to roughly 8.4% over the full period, paid as monthly interest rather than one lump sum at the end. There’s no separate loan-issuance commission stacked on top under the standard terms, so the daily rate is the number that actually matters when comparing this against selling your crypto outright or taking a loan elsewhere.

Because it accrues daily rather than compounding on some hidden schedule, a shorter loan costs less in absolute terms and a longer one costs more — straightforward, but worth actually running through the calculator with your own numbers rather than assuming a round figure.

What determines my loan term?

The minimum is one week, and the calculator defaults to 12 as a starting point — but the actual term offered gets worked out during application review based on your specific case: how much you’re depositing, which crypto, and what you’re borrowing against it. There isn’t a fixed menu of “pick 4, 8, or 12 weeks” — it’s closer to a conversation than a dropdown, which matters if your timeline doesn’t fit a standard bracket.

Prepayment is allowed at any point during the term with no fee or penalty attached. If you get access to cash sooner than expected and want to close the loan early, that option is already built in rather than something you have to negotiate for.

How does refinancing actually work?

At the end of the loan term, you have three paths: repay the principal and close it out, let the collateral get sold if you can’t or don’t want to repay, or refinance into a new term. Refinancing effectively resets the clock — you keep the collateral in place and extend the arrangement instead of unwinding it and starting a fresh application from zero.

This matters most for anyone using a loan to bridge a temporary cash need without wanting to sell crypto they believe will be worth more later. If your timeline shifts, refinancing means you’re not forced into a sale just because the original term happened to end at an inconvenient moment.

What’s the actual LTV, and why does it matter for margin calls?

Loan-to-value is set at 50% of the current assessed value of the crypto you deposit — so $10,000 in Bitcoin gets you roughly $5,000 in loan value, using the platform’s own valuation rather than a random exchange snapshot. That 50% cushion is what stands between a normal price dip and a margin call: if the market moves against you but stays within that buffer, nothing happens automatically. It’s only if the value falls far enough to erode the buffer that a compulsory sale of the collateral gets triggered to guarantee the funds are returned.

This is the same mechanic covered in more depth in the earlier piece on margin calls and Bitcoin price drops — worth reading in full if the LTV math is the part you’re still deciding on.

Which currencies can I actually receive?

Three: USD, EUR, and UAH. Whichever you choose, the funds go directly to your bank account rather than through a card or a third-party payment processor — the platform describes this as the most reliable transfer method, and it’s also the one with the fewest extra steps between approval and having usable cash.

Do I need to sell my crypto to get the loan?

No — that’s the entire premise. You deposit crypto as collateral, not as a sale, and it sits there for the duration of the loan rather than being converted to fiat upfront. You get cash access without triggering whatever tax event a sale would create in your jurisdiction, and you keep exposure to any price upside on the collateral while the loan is outstanding. (Tax treatment of crypto-backed loans varies by country — this isn’t tax advice, and it’s worth checking with someone who knows your specific jurisdiction before treating this as a blanket rule.)

What can the loan actually be used for?

Nothing is fenced off by purpose — the funds work the same whether you’re covering a short-term expense, funding a purchase, or reallocating into a different investment, as long as the use doesn’t conflict with the law in your jurisdiction. There’s no requirement to disclose or justify the purpose beyond that.

Is there a real risk to me as the borrower?

The main risk is the same one that applies to any collateralized loan: if the crypto’s value drops enough to breach the LTV threshold and you don’t respond (top up collateral, or accept the terms as they stand), the collateral gets sold to cover the loan. Beyond that specific scenario, the obligations on both sides are structured to be met in full — you’re not exposed to surprise fees or terms shifting mid-loan.

Getting started

If any of this raises a more specific question than what’s covered here, the loan calculator is the fastest way to see real numbers for your own deposit amount and currency before applying — it’s a better starting point than trying to estimate manually from the rates above.