Crypto-Backed Loans
Borrow AUD using crypto
Crypto-Backed Loans
Crypto-Backed Line of Credit
Borrow AUD, keep your crypto
Borrow AUD with Crypto-Backed Loans using Bitcoin, Ethereum or XRP as security. Get approved fast and borrow from $50 to $5 million AUD within 24 hours. Manage your loan-to-value ratio (LVR) easily via desktop or mobile app, with no early repayment fees, and repay in AUD or crypto.
9.50
% p.a.
Fixed rate for 12 months
11.93
% p.a.
Fixed rate for 12 months
Fixed Term Crypto Loans
Loans for life’s big purchases
Access up to $5 million AUD within 24 hours of approval. Enjoy predictable monthly repayments and fixed interest rates for up to five years. Unlock AUD for business growth, property renovations, or investments while maintaining exposure to your digital assets. Experience reliable Australian crypto finance.
11.50
% p.a.
Fixed rate for 3-5 years
12.17
% p.a.
Fixed rate for 3-5 years
Min. Monthly repayments
$0.00 AUDRepay at anytime*
Origination fee
$0.00 AUD2% of loan amount*
Maximum interest
$0.00 AUD12 month loan term, assuming no early repayments*
- Total Interest
- 2% Origination Fee
- Loan Amount
*Approved applicants only. Terms, conditions, fees and charges apply. *The rate provided above is indicative and your rate may be different based on a variety of factors, including your credit worthiness. Rates are subject to change. ^The comparison rates are based on a secured loan of $10,000 over a term of 3 years. The comparison rate provided includes a 2% origination fee. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689.T&Cs apply.
Download loans guide
Award-winning crypto lending
As an AUSTRAC-registered business, Block Earner provides crypto lending in Australia, using institutional-grade custody (Fireblocks) and strict risk management. Download our loans guide and book a call to learn more.
WeMoney Winner
2024 Lending
Innovation Of The Year*
Why choose Block Earner?
Australia’s leading crypto loans
From business expansion to lifestyle purchases, Crypto-Backed Loans are a powerful solution to bring your crypto wealth back to life. At Block Earner, we make it easy to manage market fluctuations with confidence.
Australian Credit Licensed (ACL)- 30-day Default Notice to restore LVR if needed
- Avoid crypto sell-offs, temporary dips won’t trigger action
- Maintain your assets if prices rebound
Bitcoin car loans
Buy your dream car, or cover unexpected costs
BTC travel loans
Pay for travel with a Bitcoin-Backed Loan
Debt consolidation
Simplify and manage your debt more effectively
Home renovations
Crypto Home Loans to buy or renovate your property
University loans
Invest in your education to build a bright future
Weddings
Handle the expenses for any special occasion
How to borrow AUD using crypto?
Monitor your loan-to-value ratio (LVR) anytime via our desktop or mobile app. Stay informed with in-app LVR health notifications, emails, and SMS updates, plus a weekly summary of your crypto loan status.
You can use crypto or repay in AUD to maintain a healthy LVR. You can repay your Crypto-Backed Line of Credit on any schedule or in full at the end of the 12-month term.
If your LVR reaches Default Notice, you will receive a Default Notice. You will have 30 days to bring your LVR below the Repayment Notice level. If no action is taken within this period, after 30 days, we will sell a portion of your crypto security to reduce the LVR back to the Repayment Notice threshold.
Fast settlements
Get AUD within hours of approval, straight to your bank account.
Low fees. Fixed rates.
2% origination fee, fixed interest rates, repay on your own schedule.
No early repayment fees
Flexible repayment terms provide access to AUD when you need it.
Maintain exposure
Keep your exposure to crypto price movements while you borrow AUD.
5.0
"Excellent service, rates and user experience... From depositing crypto to money in my bank took less than 24hrs... Would recommend and use again in future."
5.0
"Great way to consolidate loans. Straightforward with keenly priced interest rates."
5.0
"Getting a btc backed loan was easy and fast. Congrats to the team for their excellent level of service."
- 1.
Apply for loan
Borrow up to 50% of the value of your Bitcoin and Ethereum
- 2.
Get approved
Pre-approval is available before sending crypto for your loan
- 3.
Receive AUD
Receive AUD directly to your bank account within 24 hours*
Avoiding crypto sell-offs
If your loan goes into default, natural-person borrowers have 30 days to repay AUD or add crypto security to restore the health of their loan. If no action is taken within this period, Block Earner may automatically sell a portion of your crypto security to bring your LVR back to 55%. Here’s why Australians trust Block Earner loans:
Fireblocks security
Crypto security is held in Fireblocks custody, with multi-layer security and in-kind insurance.
Australian Credit License
Credit provided by Web3 Loans Pty Ltd under Australian Credit License 542689.*
30 Day Default Notice
Individuals have a 30-day grace period to restore LVR if needed, temporary dips won’t trigger action.
Top up. Redraw. Rollover.
Add crypto security to maintain LVR health. Borrow more AUD as your crypto grows. Apply to rollover.
Australia-based support
Speak directly with our Sydney team for fast, reliable assistance. Our experts are here for you.
Frequently asked questions
- Crypto-Backed Loans are secured loans that let eligible Australian customers use their crypto as security to borrow AUD, allowing them to access funds without selling their crypto.Basically, a crypto-backed loan lets you borrow Australian dollars (AUD) using cryptocurrency such as Bitcoin, Ethereum and XRP as security. You keep full ownership of your crypto and maintain exposure to price movements, while you access cash.Block Earner is registered with AUSTRAC and is licensed by ASIC under an Australian Credit Licence (ACL).
- Block Earner holds Australian Credit Licence (ACL) 542689 and is registered with AUSTRAC as a Virtual Asset Service Provider 100784590 and Independent Remittance Provider 100784590. Our Crypto-Backed Loans are provided under our Australian Credit Licence and are subject to applicable Australian credit laws.
- Crypto security is held in Fireblocks, the industry leader for institutional crypto wallet security. Fireblocks holds SOC 1 Type II and SOC 2 Type II certifications. Additionally, it holds four distinct ISO certifications: ISO 27001 (Information Security), ISO 27017 (Cloud Security), ISO 27018 (Data Privacy), and ISO 22301 (Business Continuity). Fireblocks is also the first platform globally to secure C4 CCSS Level 3 certification.
- LVR is expressed as a percentage that compares the amount you are borrowing to the lender-assessed value of the asset.For example: Block Earner gives an individual customer up to 50% LVR on a crypto Line of Credit loan. If you had $100k worth of BTC as security, using our maximum LVR of 50% would give you a $50,000 AUD loan.Current Block Earner Crypto-Backed Loan LVR offerings include:Line of Credit:Line of Credit (BTC/WBTC) @ 50%
Line of Credit (ETH) @ 40%
Line of Credit (XRP) @ 25%Fixed Term:Fixed Term (BTC/WBTC) @ 50%
Fixed Term (ETH) @ 40%
XRP: Not supported - Yes, you may be able to withdraw some of your crypto security, provided your loan remains within the applicable maximum LVR after the withdrawal. The maximum LVR for Lines of Credit is 50% for BTC, 40% for ETH and 25% for XRP. For BTC or ETH Fixed Term Loans, the maximum LVR is 50%.Any crypto still required as loan security cannot be withdrawn or traded while your loan is active. You can also sell your crypto security within the platform to pay down or close your loan. A 0.6% buy/sell fee plus GST applies to the transaction.
- If the price of your crypto goes down, your LVR will go up. If your LVR reaches an unhealthy LVR, Block Earner will issue a 30-Day Default Notice. You then have 30 days to either repay a portion of your loan in AUD, sell a portion of your crypto security to make a repayment, or deposit additional crypto as security to restore LVR health.If, during the 30-Day notice period, the value of your crypto security increases and your LVR falls below the applicable Default Notice threshold, no further action is required.If no action is taken and your LVR remains at or above the Default Notice threshold after the 30-day notice period, Block Earner may sell a portion of your crypto security to reduce your LVR in accordance with your loan terms.Please see the different LVR health stages of our loans below:Crypto SecurityBTC/WBTC Loans:
<55 % → Healthy
55–59.9 % → Attention
60–64.9 % → Repayment notice
>65 % → Default risk (30 days to manage)ETH Loans:
<50 % → Healthy
50–54.9 % → Attention
55–59.9 % → Repayment notice
>60 % → Default risk (30 days to manage)XRP Loans
\25-34.9%: Healthy
35-39.9%: Attention
40%-49.9%: Repayment Notice
>50%: Default Notice (30 days to manage)To chat through these different stages, please book a call here.Please note: For customers on a bespoke contract with Block Earner, the above may not apply. - Your Crypto-Backed Loan application and repayment behaviour may be reported to credit reporting bodies, and this information can influence your credit score positively or negatively, depending on each bureau’s assessment criteria.Some credit reporting bodies treat secured loan enquiries differently from unsecured credit; they may view secured credit more favourably, and it may improve your credit score. However, multiple credit enquiries to different lenders within a short period may have a negative impact on your score.To understand how credit scores are calculated, you can refer to publicly available guidance from major Australian credit reporting bodies:Equifax:Experian:Block Earner does not provide credit score advice, and the impact on your score will depend on the policies of each credit reporting body.
- Line of Credit:No monthly repayments are required. You can make repayments at any time during your 12-month loan term. There are no lock-in periods or early repayment fees.Fixed Term:Monthly repayments are required throughout the loan term. You can repay your loan early at any time without early repayment fees.
- Our Line of Credit loan term is 12 months. Ideal for short-term cash needs, the Line of Credit gives you flexible access to AUD with no fixed repayment schedule. Borrow up to $5 million within 24 hours of approval, with no lock-ins and no early repayment fees. Manage everything in-app: track your loan balance, manage your loan-to-value ratio (LVR), and repay using AUD or crypto.Our Fixed Term loan term is 3-5 years. Designed for longer-term borrowing, the Fixed Term loan offers a fixed rate for up to 5 years, suitable for planned expenses and life's bigger financial goals. Borrow up to $5 million within 24 hours of approval, backed by your crypto. Enjoy predictable repayments and a fixed interest rate for up to 5 years. Access funds while maintaining exposure to your digital assets.You have the option to close the loan at any time. If you would like to discuss this, please book a call here.
- Typical loan amounts range from $50 to $5M, subject to eligibility, assessment, and approval.If you would like to discuss your options, please book a call here.
- Line of Credit9.50% p.a. Interest rate
11.93% p.a. Comparison rate
2% Origination feeFixed Term11.50% p.a. Interest rate
12.17% p.a. Comparison rate
2% Origination feePlease note: Rates are subject to change, please refer to your loan agreement for accurate & up-to-date rates.Please also note, if you choose to redraw on your loan, a 2% origination fee will be charged.See our Fees here. - Interest is calculated daily, compounded monthly.
- You can close your loan at any time. To close a loan you will need to repay the principal, interest and fees with AUD or your crypto security. To close a loan:
- Go into the app and click ‘Loans’
- Click on ‘Manage Loan’
- Select ‘Close Loan’
- Choose to make your final repayment in your Crypto or AUD
- Close Loan
Please note: Selling crypto to make a repayment will include a Sell Crypto Fee of 0.6% incl. GST.Please note: You need to ensure you click ‘Close Loan’. If you make your full repayment and do not do this, you will not have closed your loan facility. If this occurs, we reserve the right to close your loan facility after 30 days of your loan repayment. - Redraw is available if your Loan-Value-Ratio (LVR) loan goes down (meaning the value of your crypto security goes up).For example, if you have an active Fixed Term Loan and the value of your BTC security increases by 20%, your LVR may decrease. If your LVR falls to 30%, you may be able to redraw additional funds, increasing your LVR back up to the maximum available LVR of 50%, subject to the loan terms and eligibility criteria.To redraw in the app, follow these steps:
- Go to your Loan account
- Click on your active loan, followed by the ‘Borrow’ button
- You will see a toggle at the top, letting you know what the maximum amount you can redraw is. You can either use the toggle or enter the amount you would like to redraw
- Click ‘Borrow’ and follow the prompts.
- Yes. If you redraw additional funds from your existing loan, a 2% origination fee will apply to the redraw amount.Please note: fees and charges may change over time. Refer to your loan agreement and the applicable Terms and Conditions for the fees that apply to your loan.
- Yes. You could add more eligible crypto security to your existing loan. Adding more crypto security may reduce your Loan-to-Value Ratio (LVR), which may allow you to apply to redraw additional funds, subject to eligibility, approval, and your applicable maximum LVR.Step 1: Ensure you have your desired amount of crypto security in your Block Earner Buy/Sell account:
- If you need to deposit more security into your Block Earner Buy/Sell account, follow these steps.
Step 2: Top up your loan security- Go to Loans and select Manage Loan.
- Select Top up security.
- Enter the amount of eligible crypto you would like to add and select Top Up.
Please note: to process this amount may take up to 24 hrs.Step 3: Apply for a redrawOnce your top-up has been processed, your LVR may decrease.If you have available borrowing capacity:- Open your active loan.
- Select Borrow.
- The available redraw amount (if any) will be displayed. You can use the slider or enter the amount you wish to apply to redraw.
- Select Borrow and follow the prompts.
Please note:- Redraw requests are subject to eligibility, approval, and your applicable maximum LVR.
- Processing may take up to 24 hours.
- Line of Credit:Yes. On a Line of Credit loan, you will have the option after your first 12 month loan term to rollover your loan. You will need to pay the interest + fee to rollover your principle into a new 12 month facility.You will be sent a notification about your rollover, 30 days prior to the end of your loan term with details on how to manage this.Please note: Rolling over your loan means you will be signing a new loan agreement, in which case a new interest rate and fee may apply. We reserve the right to terminate our loan rollover offer at any time. Loan Rollovers are subject to approval.Fixed Term:Loan Rollovers are not available for Fixed Term Loans.
- Go to your Loan account
- Click ‘Manage your loan’ and then ‘Manage Loan’
- Hit ‘Repay Loan’ and add in the repayment amount in either Crypto or AUD (if repaying in AUD, ensure there is enough AUD in your Cash Account to make the repayment).
- Yes it will mean you pay less interest. Interest is calculated daily, compounded monthly on the principal amount. If you make voluntary repayments on the principal, you pay less interest overall.See ‘How to make a loan repayment’ for more information.
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