What Is Bitlendex?
Bitlendex is a Bitcoin-collateralized lending platform that lets you access liquidity in stablecoins or fiat without selling your BTC. Deposit Bitcoin as collateral, choose your loan terms, and receive your funds. USDC reaches your wallet about 10 minutes after your Bitcoin deposit confirms. USD reaches your bank the same day by instant transfer when your bank supports it, or in 1–2 business days by ACH.
12-month term, no monthly payments
Every loan has a fixed 12-month term with no monthly payments. You can repay any amount at any time before the term ends, with no prepayment penalty. The full balance (your starting balance plus accrued interest) is due by the end of the term. Your Bitcoin stays locked as collateral until you repay the loan in full. If your LTV reaches the liquidation threshold during the loan, part of it can be liquidated.
Dashboard Overview
Once you sign in, the dashboard gives you a real-time snapshot of your account. Here's what you'll see:
- Borrow Calculator: Enter the amount you want to receive, adjust your loan-to-value ratio, and see the required collateral instantly.
- Costs & Terms: View your liquidation price, annual percentage rate, estimated monthly interest, and loan term at a glance.
- Loan Details: Track your active loan balance, health status, current LTV, collateral held, and total amount owed.
- Recent Activity: A live feed of your latest transactions including borrows, repayments, deposits, and withdrawals.
How Borrowing Works
The borrowing flow on Bitlendex is designed to be fast and straightforward. Here's the high-level process:
- Create your account.
- Verify your identity — a quick, one-time check required for every loan, whether you choose a crypto or bank payout.
- Choose how much you want to borrow and select your LTV ratio.
- Select your payout method. We currently support USDC and fiat USD to your bank account.
- Proceed with the steps. If you select the USDC option, make sure to enter the correct ERC-20 address.
- Receive the funds!
What is fiat?
Fiat is traditional government-issued currency like US dollars, euros, or pounds. When you choose a fiat payout, your loan proceeds are sent directly to your bank account as regular money you can spend anywhere.
Security Model
Bitlendex uses institutional-grade security to protect your assets at every layer. The NEAR Intents bridge holds the BTC you deposit. Bitlendex never holds it. After your deposit confirms, the bridge moves the BTC from your deposit address to its shared Bitcoin treasury.
- 1:1 Collateral Record — The lending contract holds a 1:1 BTC token as the record of your collateral.
- On-Chain Verification — You can check your deposit on the Bitcoin blockchain and your collateral record on NEAR at any time.
- Embedded Wallets — Powered by Privy, your wallet is created during onboarding. No browser extensions or seed phrases required.
- Encryption — All data is encrypted at rest (AES-256) and in transit (TLS 1.3).
For a deeper look at our security posture and compliance certifications, visit the Security page.
Account Types
Bitlendex offers three account tiers designed for different borrowing needs:
- Standard: For individual borrowers. Self-serve loans from $500 up to $500,000 at variable market rates.
- Wealth: For high-net-worth individuals. Dedicated client manager, custom rates, same-day funding on arranged facilities, and access to $1M+ loans.
- Businesses: For companies and organizations. Treasury management solutions, multi-signatory accounts, bulk lending facilities, and tailored financing structures.
All tiers benefit from the same security infrastructure, custody model, and flexible repayment terms. The Wealth and Business tiers add white-glove service and custom deal structuring.
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