Top 10 Crypto Collateral Loan Services in Australia

Please note that Crypto News Australia is a subsidiary of Swyftx, and this article features Swyftx products or services.

Want cash without selling your crypto? That’s the whole idea behind a crypto collateral loan. You hand over your Bitcoin as security, the lender gives you money, and you get the crypto back when you repay the loan. You get to retain exposure to the crypto market’s movements the entire time, while gaining access to liquid funds.

Crypto-backed loans tend to work differently to other loans you may be familiar with though. There’s usually no credit check, funding can land the same day, and your loan to value ratio, or LVR, is key. Considering that the digital asset market is traditionally more volatile than other financial sectors, these loans often require overcollateralisation to mitigate swings in security value. This means if you borrow too much against your Bitcoin, a significant fall in the price can force a partial, or even full, liquidation of your collateral.

Below are ten services available to Australians in 2026. Australian providers come first, then global and decentralised platforms.

Australian providers compared

Provider	Funded in	Security accepted	Max LVR	Interest rate
Swyftx	AUD	Bitcoin	Up to 40%	9.50%, 11.93% comparison
Independent Reserve	AUD	Bitcoin, Ethereum, XRP	40% line of credit, 50% fixed	Not published
Vield	AUD	Bitcoin	50%	13% APR, 16.20% comparison
Matias Group	Not published	Not published	Not published	Not published
Ledn	USD	Bitcoin, USDC	50%, margin call 70%	7.99% to 9.49%
Nebeus	EUR or USDC	15+ assets	65% to 70%	4% to 12.5%
Binance	Crypto only	Wide range	65%, liquidation 83%	Variable, updates hourly

How we assessed these providers

Every provider was checked against the same criteria, using only what each one publishes itself. That means AUSTRAC registration and any Australian credit licence, whether loans are funded in Australian dollars, what’s accepted as security, the published interest and comparison rates, the maximum LVR and the point a margin call lands, and who ends up holding your crypto.

Where a provider doesn’t publish a figure, this guide says so rather than guessing at it.

Disclosure: Crypto News Australia and Swyftx are part of the same corporate group. That hasn’t affected how Swyftx was assessed or where it sits in this guide.

Australian providers

1. Swyftx

Swyftx is an Australian-owned exchange that launched in 2018, adding crypto-backed loans to its list of features in 2026. The product allows you to borrow Australian dollars against your Bitcoin without selling it, with the money typically landing in an Australian bank account within 24 hours of the security being locked up.

Loans run from $2,000 to $100,000 AUD depending on the value of your security and lender approval, and the Swyftx crypto-backed loans page publishes what you can borrow. Bitcoin is the only accepted security at the time of writing. Repayments are flexible, as there’s no monthly minimum and no early repayment fee, and you can top up your security whenever you want to improve the health of the loan.

There are limits on what the money can be used for. Examples of accepted reasons include non-financial investments, home improvement, holidays, a car, gifts. You generally can’t use it to buy crypto, shares or other financial products – so it’s worth double-checking if your borrowing aims are suitable for this product before diving in. Swyftx crypto-backed loans are open to personal accounts with an Australian bank account.

Regulatory status	Swyftx Pty Ltd (ABN 72 623 556 730, AFSL 568543), AUSTRAC-registered
Security accepted	Bitcoin
Loan amounts	$2,000 to $100,000 AUD
Interest rate	9.50% p.a., 11.93% p.a. comparison rate
Origination fee	2%
Maximum LVR	Up to 40%
Funding time	Within 24 hours of security being provided
Early repayment fee	None
Custody	Not published

2. Independent Reserve

Independent Reserve has been running since 2013 and now lends Australian dollars against crypto. It accepts Bitcoin, Ethereum and XRP as security, supporting loans anywhere from $50 to $5 million AUD.

You pick your structure. A line of credit with this feature runs 12 months with no mandatory monthly repayments – as long as it is paid off by the end of the loan’s lifetime. A fixed-term loan runs three to five years and does require them.

It’s worth noting that Independent Reserve publishes its full LVR health table, which not many lenders do. Bitcoin and Ethereum loans count as healthy between 40 and 50% LVR, tip into a repayment notice between 55 and 59.9%, and hit default risk above 60%, where you get 30 days to fix it. XRP is treated more conservatively and reaches default risk above 50%.

Regulatory status	AUSTRAC-registered
Security accepted	Bitcoin, Ethereum, XRP
Loan amounts	$50 to $5,000,000 AUD
Interest rate	Not published
Maximum LVR	40% line of credit, 50% fixed term
Funding time	Typically within 24 hours
Early repayment fee	Not published
Custody	Fireblocks

3. Vield

Unlike the first two entries on this list, Vield was built around Bitcoin-backed loans from the start, rather than being an exchange that added lending later. It also publishes its terms in detail, which makes it easy to work out what a loan might actually cost you before you apply.

Loans run from $2,000 to $500,000 AUD over a fixed 12-month term, capped at 50% LVR. Interest is 13% APR compounded daily, with a comparison rate of 16.20% p.a. on a $5,000 loan, and a 2% origination fee on the amount you borrow. Those numbers put it at the higher end of the Australian options here, and the fixed term gives you less room to move than an open line of credit.

Your Bitcoin sits with Zodia Custody in cold storage using multi-signature wallets, insured up to US$55 million per incident. Vield states the assets are never lent, staked or reused, which is a valuable benefit of the product if honoured.

Regulatory status	AUSTRAC VASP DCE100809730-001, credit arranged under Australian Credit Licence 526970
Security accepted	Bitcoin
Loan amounts	$2,000 to $500,000 AUD
Interest rate	13% APR, 16.20% comparison rate
Maximum LVR	50%
Loan term	12 months
Early repayment fee	Not published
Custody	Zodia Custody, insured to US$55M

4. Matias Group

Matias Group offers crypto-backed lending to Australians and says approval and funding happen inside 24 hours. Beyond that there isn’t a heap of information available on the landing page. It publishes no interest rate, no LVR, no list of accepted security and no licence or registration number on its public platform, so you can’t compare it against anything else here without applying first.

Regulatory status	No Australian Credit Licence, AFSL or AUSTRAC number published
Security accepted	Not published
Loan amounts	Not published
Interest rate	Not published
Maximum LVR	Not published
Funding time	Stated as within 24 hours
Early repayment fee	Not published
Custody	Not published

Global options

Everything below either lends in a foreign currency or isn’t a lender at all. Read the custody and liquidation rows carefully, because that’s where these differ most from the Australian options.

5. Ledn

Ledn lends against Bitcoin globally and accepts Australian customers. However, there are several caveats with this model for Aussies – it lends in US dollars, not Australian ones, and it holds no Australian licence, which puts you outside local consumer credit protection.

Loans start at US$500 and you’ll need at least US$1,000 of Bitcoin as security. Interest runs 7.99% to 9.49%, or 9.25% to 11.49% APR, tiered by loan size. Loans open at 50% LVR with a margin call at 70% and liquidation at 80%, which gives you a bit more headroom compared to most Aussie providers.

Ledn also states that your security is never lent out to earn interest for their company, which may be a valuable commitment for some users.

Regulatory status	No Australian licence
Security accepted	Bitcoin
Loan amounts	From US$500
Interest rate	7.99% to 9.49% (9.25% to 11.49% APR)
Maximum LVR	50%, margin call 70%, liquidation 80%
Funding time	Typically within 24 hours
Early repayment fee	Not published
Custody	Stated as not lent out

6. Nebeus

Nebeus is a European platform offering loans alongside a crypto exchange and a renting product. It accepts more than 15 different assets as security, offering more choice than most, though there’s a catch for Australians.

Loans are denominated in euros or USDC, so you carry exchange rate risk on top of crypto-backed loan risks too. Your security sits with BitGo under institutional custody, with Lloyd’s of London cover. Nebeus is MiCA-authorised in Spain but holds no Australian licensing.

Regulatory status	MiCA authorised by Spain’s CNMV, registration D664. No Australian licensing.
Security accepted	Bitcoin, Ethereum, Solana, XRP and 15+ others
Loan amounts	EUR 50 to EUR 10 million
Interest rate	4% to 12.5% depending on product
Maximum LVR	65% interest only, up to 70% flexible
Funding time	Not published
Early repayment fee	Not published
Custody	BitGo, Lloyd’s cover

7. Binance

Binance is one of the biggest crypto exchanges in the world and offers a suite of products, include a crypto-backed loan feature. The platform’s Australian history is complicated, which makes it important to stay updated on Binance’s treatment Down Under and any news around its services.

ASIC cancelled Binance Australia Derivatives’ financial services licence in April 2023, and futures, options and leveraged tokens have been off the table for Australians since 2021. Spot trading was never affected, although AUD deposits and withdrawals stopped in June 2023 and came back on 16 January 2026 through PayID and bank transfer.

The loan product itself is overcollateralised and runs on LTV bands rather than a fixed term, with the thresholds published on their platform. Generally, the starting point is 65% LTV on USDT collateral, with a margin call landing at 75% and liquidation occuring at 83%, atop a 2% liquidation fee on the loan. Rates are variable and update every minute, so what you see quoted is not what you will necessarily pay for the life of the loan.

Loans are open to eligible Australian users through Binance Australia, and our own step-by-step guide walks through the Flexible Loan, the LTV slider, margin calls and liquidation. Fixed-rate and 30-day Lite options sit alongside the flexible product.

Regulatory status	AUSTRAC-registered DCE. No Australian credit licence. Derivatives AFS licence cancelled April 2023.
Products	Flexible, fixed-rate and 30-day Lite loans
Security accepted	Wide range, varies by market
Loan amounts	Not published
Interest rate	Variable, updated every minute
Maximum LVR	65% initial, margin call 75%, liquidation 83%
Funding time	Not published
Early repayment fee	None published. 2% liquidation fee applies
Custody	Held by Binance

Decentralised protocols

The four options below aren’t certified lenders. Nobody assesses your application, no Australian licencee stands behind them, and rates move continuously instead of being quoted upfront. Liquidation is automatic with no notice period, and the potential delicacy of smart contracts introduces another risk that centralised lenders do not typically have. 

8. Aave

Aave is an open-source, non-custodial lending protocol. Its DeFi lending program allows you to deposit crypto into a pool and borrow against it, with the rate you pay moving depending on how much of that asset is available. If you’re borrowing something in short supply, it costs you more. Because smart contracts automate transactions, the protocol can liquidate your assets automatically if your position weakens beyond a certain point. 

Type	Decentralised, non-custodial lending protocol
Regulated in Australia	No
Interest rate	Variable, set by supply and demand
Liquidation	Automatic and on-chain, no notice
Custody	Non-custodial

9. Compound

Compound describes itself as an algorithmic, autonomous interest rate protocol. In practice you’re lending into, and borrowing from, a pool rather than a person. Like many other algorithmic lending protocols, rates are determined by how heavily each market is being used. Governance sits with holders of the COMP token, and you can borrow against a range of assets including Ether and DAI.

Type	Decentralised, autonomous interest rate protocol
Regulated in Australia	No
Interest rate	Variable, set by market utilisation
Liquidation	Automatic and on-chain, no notice
Custody	Non-custodial

10. Alchemix

Alchemix has a relatively unique take on crypto-backed lending – your loan repays itself. Essentially, you deposit crypto as security, that deposit earns yield, and the yield pays down the debt over time without you making a repayment.

Because the debt is backed by your own deposit rather than set against a market price, there’s no liquidation risk in the conventional sense. Alchemix v3 launched in May 2026, widening the assets it accepts and routing deposits to yield sources including Yearn and Aave.

Type	Decentralised self-repaying loans
Regulated in Australia	No
Interest rate	None. Yield on the deposit repays the debt
Liquidation	No conventional liquidation
Custody	Non-custodial

Services you may see listed elsewhere

There are several lenders that may still turn up in Australian search results and comparison guides even though you can’t actually use them.

• FiFit has closed down and its website is gone.
• Summer.fi has wound down. The app is deactivated and the protocol is withdraw-only, so existing users can exit positions but nobody can open one.
• Helio is no longer running, after ASIC took action over a false claim that it held an Australian credit licence.
• Bitcoin Dealers now only buys and sells crypto for cash, with no lending product published.

If you find a guide recommending any of those without qualification, check how recently it was updated.

Risks before you borrow

Crypto-backed loans can be a useful tool, but they do come with unique risks and considerations. These loans are quick and usually skip the credit check, because they are secured by your crypto rather than your income and serviceability.

Perhaps the biggest trade-off for this model is liquidation risk. If your security falls in value, your LVR climbs – and if it moves above a set threshold the lender can sell it. Australian providers generally issue a default notice somewhere above 60% LVR on Bitcoin and give you around 30 days to fix it. Decentralised protocols will often just liquidate with no notice at all.

Custody is the second consideration, just like when holding your crypto assets on an exchange. It’s worth asking who holds your security and whether the provider states it isn’t lent out. Rehypothecation, where a lender re-lends the collateral you deposited, is what turned several international crypto lender collapses in 2022 into total customer losses.

Before taking on a crypto-backed loan, it’s also relevant to investigate costs beyond just the headline interest rate, as origination and liquidation fees can quickly add up. Tax can also be a bit convoluted when it comes to these products, so it may be valuable to engage a professional with experience in the digital asset sector. The ATO publishes guidance on crypto assets which can give you a basic overview.

One last thing on licensing. AUSTRAC registration is an anti-money-laundering obligation and says nothing about a lender’s solvency or conduct. An Australian Credit Licence is a higher bar. Neither one protects your funds if the lender fails.

This guide is general information only and is not financial advice.

Frequently asked questions